Provident Financial Services | 10-Q: FY2025 Q3 Revenue: USD 353.7 M

Revenue: As of FY2025 Q3, the actual value is USD 353.7 M.

EPS: As of FY2025 Q3, the actual value is USD 0.55, beating the estimate of USD 0.542.

EBIT: As of FY2025 Q3, the actual value is USD -92.72 M.

Segment Revenue

• Interest and Dividend Income: Total interest income for the nine months ended September 30, 2025 was $947,935 thousand, compared to $734,192 thousand for the same period in 2024.

Operational Metrics

• Net Interest Income: For the nine months ended September 30, 2025, net interest income was $563,154 thousand, compared to $418,877 thousand for the same period in 2024.
• Net Income: Net income for the nine months ended September 30, 2025 was $207,729 thousand, compared to $67,001 thousand for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025 was $373,316 thousand, compared to $187,093 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses as of September 30, 2025 was $186,969 thousand, compared to $193,432 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its core banking operations, with an emphasis on maintaining strong credit quality and expanding its loan portfolio.
• Non-Core Business: The company completed its merger with Lakeland Bancorp, Inc., which is expected to enhance its market presence and operational capabilities.