---
title: "PROVIDENT FINANCIAL SERVICES INC 1Q 2026: Revenue $347.2M, EPS $0.61— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285763805.md"
description: "PROVIDENT FINANCIAL SERVICES INC reported Q1 2026 results with revenue of $347.2M and net income of $79.4M, reflecting a 24.1% YoY increase. Diluted EPS rose to $0.61, up 24.5% from Q1 2025. Revenue growth was driven by higher net interest income and expansion in fee businesses. The loan portfolio increased by $143.6M, while deposit outflows led to higher borrowings. Non-performing assets rose due to four commercial senior housing loans. Overall, the company showed strong financial performance compared to the previous year."
datetime: "2026-05-08T18:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285763805.md)
  - [en](https://longbridge.com/en/news/285763805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285763805.md)
---

# PROVIDENT FINANCIAL SERVICES INC 1Q 2026: Revenue $347.2M, EPS $0.61— 10-Q Summary

PROVIDENT FINANCIAL SERVICES INC reported first-quarter 2026 results with revenue of $347.2M and net income of $79.4M, driven by higher net interest income and growth in fee businesses versus the year-ago quarter.

**Financial Highlights**

-   Revenue: Total interest and non-interest income $347.2M for Q1 2026 (Interest $315.1M + Non-interest $31.5M); vs. Q1 2025 $332.4M (4.5% YoY).
-   Net income: $79.4M for Q1 2026, up from $64.0M in the year-ago quarter (24.1% YoY).
-   Diluted EPS: $0.61 for Q1 2026, up from $0.49 in Q1 2025 (24.5% YoY).

**Business Highlights**

-   Revenue growth was supported by 13.5% pre-provision net revenue growth and higher net interest income.
-   Loan portfolio increased by $143.6M with strong originations in commercial, multi-family and construction loans.
-   Deposit outflows led to increased borrowings to fund operations and loan growth, reflecting shifts in depositor behavior.
-   Insurance agency and fee businesses expanded, with increases in insurance income and fee income versus the prior year.
-   Credit and risk management activity under CECL produced a $4.7M ACL recapture; non-performing assets rose due to four commercial senior housing loans.

Original SEC Filing: PROVIDENT FINANCIAL SERVICES INC \[ PFS \] - 10-Q - May. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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