<p>Provident 金融服务（PFS）已召开其第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级为市场领先者的投资组合，使用智能投资者精选</li>
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<p>Provident 金融服务的最新财报电话会议传达了乐观的基调，管理层强调了强劲的利润、创纪录的手续费收入和稳健的商业贷款增长，同时资本和股票回购也在增加。高管们还承认了一些新出现的挑战，包括来自单一借款人的不良贷款激增、适度的存款流出以及与技术升级和薪酬相关的短期费用压力。</p>
<h2>稳健的盈利能力和每股收益增长</h2>
<p>Provident 报告的净收入为 7900 万美元，或每股 0.61 美元，比去年增长 24%，显示出盈利能力的改善。回报率也有所增强，年化平均资产回报率为 1.29%，调整后的平均有形普通股权益回报率达到 16.6%，突显了资本的高效配置。</p>
<h2>强劲的税前准备金前表现</h2>
<p>税前、准备金前的净收入攀升至 1.08 亿美元，同比增长 13.5%，反映出在信用成本之前的稳健核心盈利能力。该指标占平均资产的 1.75%，相比之下，去年为 1.61%，突显了即使在竞争激烈的利率环境中也有所改善的运营杠杆。</p>
<h2>强劲的商业贷款生产和管道</h2>
<p>商业贷款仍然是关键的增长引擎，本季度新生产 649 百万美元，同比增长 8%，帮助商业投资组合以 3.9% 的年化速度增加了 1.61 亿美元。商业和工业贷款以 10% 的年化速度增长，而银行在本季度结束时拥有创纪录的 31 亿美元商业管道，涵盖 CRE、C&amp;I、专业和中型市场领域。</p>
<h2>收入动能和创纪录的非利息收入</h2>
<p>总收入连续第二个季度超过 2.25 亿美元，主要由 1.94 亿美元的净利息收入和创纪录的 3150 万美元非利息收入推动，确认了超越利差收入的多元化。保险部门 Provident Protection Plus 表现尤为强劲，客户保留率约为 95%，新业务和应急收入也实现了显著增长。</p>
<h2>资产增长和收益管理</h2>
<p>平均收益资产增加了 2.64 亿美元，年化增长 4.7%，显示出在没有过大风险的情况下实现了平衡的资产负债表扩张。资产收益率下降了 13 个基点至 5.53%，但这在很大程度上被利息负债成本下降 12 个基点至 2.71% 所抵消，得益于存款和融资成本的降低。</p>
<h2>稳定的信用成本和低坏账率</h2>
<p>信用表现总体保持良好，净坏账为 310 万美元，相当于平均贷款的年化 6 个基点，表明实现的损失有限。这一低损失水平为管理层在应对特定问题信用和更不确定的宏观背景时提供了灵活性。</p>
<h2>资本积累和股票回购</h2>
<p>资本持续增强，每股有形账面价值上升 0.33 美元至 16.03 美元，季度增长 2.1%，有形普通股权益比率改善至 8.55%。Provident 在资本回报方面也保持活跃，回购了 1240 万美元的股票，或 589,000 股，同时保留了 220 万股在现有授权下可用的股份。</p>
<h2>运营投资和效率提升</h2>
<p>银行的效率比率改善至 52%，而费用占平均资产的比例同比下降至 1.95%，显示出成本控制的进展。管理层计划使用 FIS 技术进行核心系统升级，以简化贷款数据，加快客户入驻并增强 API 连接，目标是随着时间的推移进一步提高效率。</p>
<h2>不良贷款增加</h2>
<p>不良贷款从上季度的 40 个基点上升至总贷款的 73 个基点，主要是由于与四个相关的老年住房信贷总计 8200 万美元的破产有关。管理层强调，这一激增集中在单一关系上，而不是整个投资组合的广泛恶化。</p>
<h2>不良资产和问题信用的具体情况</h2>
<p>不良资产占总资产的 58 个基点，考虑到银行的资本状况和低坏账率，这是一个可控的水平。这四笔老年住房贷款分别持有在不同的结构中，并未交叉抵押，单个贷款的贷款价值比大多在中 50% 水平左右或以下，管理层预计在年底前解决，损失有限，但可能会有一些短期波动。</p>
<h2>准备金覆盖和负准备金</h2>
<p>Provident 记录了 210 万美元的净负准备金，反映出信用趋势稳定以及某些领域的准备金过剩。准备金覆盖率小幅下降 5 个基点至 90 个基点的贷款，考虑到低净坏账率和对问题信用的详细监控，管理层对此似乎感到满意。</p>
<h2>存款流出和融资结构变化</h2>
<p>期末存款减少了 1.78 亿美元，年化下降 3.8%，主要由于季节性市政流出和故意减少高成本的经纪存款。为了优化融资成本，银行增加了对联邦住房贷款银行借款的使用，表示与经纪余额相比，融资成本降低了约 20 个基点。</p>
<h2>净利息收益率压力和前景</h2>
<p>净利息收益率从上季度下降了 4 个基点至 3.04%，部分反映了较低的购置会计增值和持续的利差压力。管理层将全年净利息收益率展望收紧至 3.40%-3.45%，假设今年没有进一步的联邦储备行动，并预计随着存款成本的持续正常化，核心净利息收益率将适度扩张。</p>
<h2>非利息费用上升和短期成本提升</h2>
<p>非利息支出上升至 1.171 亿美元，主要受到更高的薪酬、福利和场地成本的推动，因为公司在人员和基础设施上进行投资。展望未来，管理层预计今年剩余时间的季度核心运营支出约为 1.17 亿至 1.19 亿美元，以及与核心系统升级相关的大约 500 万美元的一次性成本。</p>
<h2>存款和贷款的竞争压力</h2>
<p>高管们指出，存款和贷款的竞争日益激烈，同行们提供更具攻击性的定价、创新的结构和费用豁免以争取业务。尽管 Provident 保持定价纪律，但这种加剧的竞争环境可能会对利差和融资成本施加压力，使其效率和手续费收入的增长变得愈加重要。</p>
<h2>前瞻性指导和战略重点</h2>
<p>Provident 重申全年贷款和存款增长 4% 至 6% 的指导，非利息收入平均每季度为 2850 万美元，目标核心资产回报率为 1.2% 至 1.3%，同时有中等十几的有形股本回报。该银行预计净利差在 3.40% 至 3.45% 之间，下季度核心净利差适度扩张，核心支出约为 1.17 亿至 1.19 亿美元，年内还有额外的一次性技术成本，并继续进行有纪律的资本部署，包括机会性回购。</p>
<p>Provident 的财报电话会议描绘了一家在稳健增长和盈利能力之间保持平衡的银行，同时对信贷、融资和支出挑战持现实态度。投资者将关注公司如何管理老年住房的工作，执行核心升级以及应对激烈竞争，但目前管理层重申的指导和不断增长的资本基础表明对维持吸引回报的信心。</p>

Provident金融服务

<p>Provident 金融服务公司报告了强劲的第一季度收益，净收入为 7900 万美元，同比增长 24%。主要亮点包括强劲的商业贷款增长、创纪录的非利息收入和改善的盈利能力指标。然而，该银行面临着不良贷款增加和适度存款流出的挑战。管理层对未来的增长保持乐观，同时实施运营效率并维持强劲的资本状况</p>

<p>Provident Financial Services ((PFS)) has held its Q1 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Provident 金融服务（PFS）已召开其第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<div class="lb-trans"><h3>在 TipRanks 上享受 55% 的折扣</h3>
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<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级为市场领先者的投资组合，使用智能投资者精选</li>
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</div><p>Provident Financial Services’ latest earnings call struck an upbeat tone as management highlighted strong profits, record fee income and robust commercial loan growth alongside growing capital and share buybacks. Executives also acknowledged emerging headwinds, including a jump in nonperforming loans from a single borrower, modest deposit outflows and near-term expense pressure tied to technology upgrades and compensation.</p>
<div class="lb-trans"><p>Provident 金融服务的最新财报电话会议传达了乐观的基调，管理层强调了强劲的利润、创纪录的手续费收入和稳健的商业贷款增长，同时资本和股票回购也在增加。高管们还承认了一些新出现的挑战，包括来自单一借款人的不良贷款激增、适度的存款流出以及与技术升级和薪酬相关的短期费用压力。</p>
</div><h2>Solid Profitability and EPS Growth</h2>
<div class="lb-trans"><h2>稳健的盈利能力和每股收益增长</h2>
</div><p>Provident reported net income of $79 million, or $0.61 per share, marking a 24% increase from the prior year and signaling improved profitability. Returns also strengthened, with annualized return on average assets at 1.29% and adjusted return on average tangible common equity reaching 16.6%, underscoring efficient capital deployment.</p>
<div class="lb-trans"><p>Provident 报告的净收入为 7900 万美元，或每股 0.61 美元，比去年增长 24%，显示出盈利能力的改善。回报率也有所增强，年化平均资产回报率为 1.29%，调整后的平均有形普通股权益回报率达到 16.6%，突显了资本的高效配置。</p>
</div><h2>Strong Pretax Pre-Provision Performance</h2>
<div class="lb-trans"><h2>强劲的税前准备金前表现</h2>
</div><p>Pretax, pre-provision net revenue climbed to $108 million, up 13.5% year over year, reflecting solid core earnings power before credit costs. This metric represented 1.75% of average assets compared with 1.61% a year earlier, highlighting improved operating leverage even in a competitive rate environment.</p>
<div class="lb-trans"><p>税前、准备金前的净收入攀升至 1.08 亿美元，同比增长 13.5%，反映出在信用成本之前的稳健核心盈利能力。该指标占平均资产的 1.75%，相比之下，去年为 1.61%，突显了即使在竞争激烈的利率环境中也有所改善的运营杠杆。</p>
</div><h2>Robust Commercial Loan Production and Pipeline</h2>
<div class="lb-trans"><h2>强劲的商业贷款生产和管道</h2>
</div><p>Commercial lending remained a key growth engine, with new production of $649 million in the quarter, up 8% from last year and helping lift the commercial portfolio by $161 million at a 3.9% annualized pace. Commercial and industrial loans grew at a 10% annualized rate, while the bank ended the quarter with a record $3.1 billion commercial pipeline spanning CRE, C&amp;I, specialty and middle market segments.</p>
<div class="lb-trans"><p>商业贷款仍然是关键的增长引擎，本季度新生产 649 百万美元，同比增长 8%，帮助商业投资组合以 3.9% 的年化速度增加了 1.61 亿美元。商业和工业贷款以 10% 的年化速度增长，而银行在本季度结束时拥有创纪录的 31 亿美元商业管道，涵盖 CRE、C&amp;I、专业和中型市场领域。</p>
</div><h2>Revenue Momentum and Record Noninterest Income</h2>
<div class="lb-trans"><h2>收入动能和创纪录的非利息收入</h2>
</div><p>Total revenue topped $225 million for a second straight quarter, driven by $194 million of net interest income and a record $31.5 million in noninterest income, confirming diversification beyond spread revenue. The insurance arm, Provident Protection Plus, delivered particularly strong results with about 95% client retention and meaningful growth in new business and contingency income.</p>
<div class="lb-trans"><p>总收入连续第二个季度超过 2.25 亿美元，主要由 1.94 亿美元的净利息收入和创纪录的 3150 万美元非利息收入推动，确认了超越利差收入的多元化。保险部门 Provident Protection Plus 表现尤为强劲，客户保留率约为 95%，新业务和应急收入也实现了显著增长。</p>
</div><h2>Asset Growth and Yield Management</h2>
<div class="lb-trans"><h2>资产增长和收益管理</h2>
</div><p>Average earning assets increased by $264 million, an annualized 4.7%, showing balanced balance sheet expansion without outsized risk. Asset yields dipped 13 basis points to 5.53%, but this was largely offset by a 12 basis point drop in the cost of interest-bearing liabilities to 2.71%, aided by lower deposit and funding costs.</p>
<div class="lb-trans"><p>平均收益资产增加了 2.64 亿美元，年化增长 4.7%，显示出在没有过大风险的情况下实现了平衡的资产负债表扩张。资产收益率下降了 13 个基点至 5.53%，但这在很大程度上被利息负债成本下降 12 个基点至 2.71% 所抵消，得益于存款和融资成本的降低。</p>
</div><h2>Stable Credit Costs and Low Charge-Offs</h2>
<div class="lb-trans"><h2>稳定的信用成本和低坏账率</h2>
</div><p>Credit performance remained generally benign, with net charge-offs of $3.1 million, equal to an annualized 6 basis points of average loans and signaling limited realized losses. This low loss content provides management flexibility as it navigates specific problem credits and a more uncertain macro backdrop.</p>
<div class="lb-trans"><p>信用表现总体保持良好，净坏账为 310 万美元，相当于平均贷款的年化 6 个基点，表明实现的损失有限。这一低损失水平为管理层在应对特定问题信用和更不确定的宏观背景时提供了灵活性。</p>
</div><h2>Capital Build and Share Repurchases</h2>
<div class="lb-trans"><h2>资本积累和股票回购</h2>
</div><p>Capital continued to strengthen, with tangible book value per share rising $0.33 to $16.03, a 2.1% increase in the quarter, and the tangible common equity ratio improving to 8.55%. Provident also remained active in capital returns, repurchasing $12.4 million of stock, or 589,000 shares, while keeping 2.2 million shares available under its existing authorization.</p>
<div class="lb-trans"><p>资本持续增强，每股有形账面价值上升 0.33 美元至 16.03 美元，季度增长 2.1%，有形普通股权益比率改善至 8.55%。Provident 在资本回报方面也保持活跃，回购了 1240 万美元的股票，或 589,000 股，同时保留了 220 万股在现有授权下可用的股份。</p>
</div><h2>Operational Investments and Efficiency Gains</h2>
<div class="lb-trans"><h2>运营投资和效率提升</h2>
</div><p>The bank’s efficiency ratio improved to 52%, while expenses as a percentage of average assets fell to 1.95% year over year, demonstrating progress on cost discipline. Management plans a core system upgrade using FIS technology to streamline lending data, accelerate onboarding and enhance API connectivity, targeting further efficiency gains over time.</p>
<div class="lb-trans"><p>银行的效率比率改善至 52%，而费用占平均资产的比例同比下降至 1.95%，显示出成本控制的进展。管理层计划使用 FIS 技术进行核心系统升级，以简化贷款数据，加快客户入驻并增强 API 连接，目标是随着时间的推移进一步提高效率。</p>
</div><h2>Increase in Nonperforming Loans</h2>
<div class="lb-trans"><h2>不良贷款增加</h2>
</div><p>Nonperforming loans rose to 73 basis points of total loans from 40 basis points last quarter, driven mainly by a bankruptcy tied to four related senior housing credits totaling $82 million. Management emphasized that this spike is concentrated in a single relationship rather than broad-based deterioration across the portfolio.</p>
<div class="lb-trans"><p>不良贷款从上季度的 40 个基点上升至总贷款的 73 个基点，主要是由于与四个相关的老年住房信贷总计 8200 万美元的破产有关。管理层强调，这一激增集中在单一关系上，而不是整个投资组合的广泛恶化。</p>
</div><h2>Nonperforming Assets and Troubled Credit Specifics</h2>
<div class="lb-trans"><h2>不良资产和问题信用的具体情况</h2>
</div><p>Nonperforming assets accounted for 58 basis points of total assets, a manageable level given the bank’s capital position and low charge-offs. The four senior housing loans, held in separate structures and not cross-collateralized, have individual loan-to-value ratios mostly around or below mid-50% levels, and management expects resolution by year-end with limited loss but some interim volatility.</p>
<div class="lb-trans"><p>不良资产占总资产的 58 个基点，考虑到银行的资本状况和低坏账率，这是一个可控的水平。这四笔老年住房贷款分别持有在不同的结构中，并未交叉抵押，单个贷款的贷款价值比大多在中 50% 水平左右或以下，管理层预计在年底前解决，损失有限，但可能会有一些短期波动。</p>
</div><h2>Allowance Coverage and Negative Provision</h2>
<div class="lb-trans"><h2>准备金覆盖和负准备金</h2>
</div><p>Provident recorded a net negative provision for credit losses of $2.1 million, reflecting stable credit trends and excess reserves in some segments. Allowance coverage declined modestly by 5 basis points to 90 basis points of loans, which management appears comfortable with given low net charge-offs and detailed monitoring of problem credits.</p>
<div class="lb-trans"><p>Provident 记录了 210 万美元的净负准备金，反映出信用趋势稳定以及某些领域的准备金过剩。准备金覆盖率小幅下降 5 个基点至 90 个基点的贷款，考虑到低净坏账率和对问题信用的详细监控，管理层对此似乎感到满意。</p>
</div><h2>Deposit Outflows and Funding Mix Shift</h2>
<div class="lb-trans"><h2>存款流出和融资结构变化</h2>
</div><p>Period-end deposits declined by $178 million, an annualized 3.8% drop, largely due to seasonal municipal outflows and a deliberate reduction in higher-cost brokered deposits. To optimize funding costs, the bank increased its use of Federal Home Loan Bank borrowings, which it said lowered funding cost by around 20 basis points compared with brokered balances.</p>
<div class="lb-trans"><p>期末存款减少了 1.78 亿美元，年化下降 3.8%，主要由于季节性市政流出和故意减少高成本的经纪存款。为了优化融资成本，银行增加了对联邦住房贷款银行借款的使用，表示与经纪余额相比，融资成本降低了约 20 个基点。</p>
</div><h2>Net Interest Margin Pressure and Outlook</h2>
<div class="lb-trans"><h2>净利息收益率压力和前景</h2>
</div><p>Net interest margin slipped 4 basis points from the prior quarter to 3.04%, partly reflecting lower purchase accounting accretion and ongoing spread pressure. Management tightened its full-year NIM outlook to 3.40%–3.45%, assuming no further Federal Reserve moves this year and expecting modest core NIM expansion as deposit costs continue to normalize.</p>
<div class="lb-trans"><p>净利息收益率从上季度下降了 4 个基点至 3.04%，部分反映了较低的购置会计增值和持续的利差压力。管理层将全年净利息收益率展望收紧至 3.40%-3.45%，假设今年没有进一步的联邦储备行动，并预计随着存款成本的持续正常化，核心净利息收益率将适度扩张。</p>
</div><h2>Higher Noninterest Expense and Near-Term Cost Lift</h2>
<div class="lb-trans"><h2>非利息费用上升和短期成本提升</h2>
</div><p>Noninterest expense rose to $117.1 million, driven mainly by higher compensation, benefits and occupancy costs as the company invests in people and infrastructure. Looking ahead, management anticipates quarterly core operating expenses of about $117 million to $119 million for the rest of the year, plus roughly $5 million of one-time costs tied to the core system upgrade later in the year.</p>
<div class="lb-trans"><p>非利息支出上升至 1.171 亿美元，主要受到更高的薪酬、福利和场地成本的推动，因为公司在人员和基础设施上进行投资。展望未来，管理层预计今年剩余时间的季度核心运营支出约为 1.17 亿至 1.19 亿美元，以及与核心系统升级相关的大约 500 万美元的一次性成本。</p>
</div><h2>Competitive Pressures on Deposits and Lending</h2>
<div class="lb-trans"><h2>存款和贷款的竞争压力</h2>
</div><p>Executives called out intensifying competition for deposits and loans, with peers offering more aggressive pricing, creative structures and fee waivers to win business. While Provident is maintaining pricing discipline, this heightened competitive landscape could pressure spreads and funding costs, making its efficiency and fee-income gains increasingly important.</p>
<div class="lb-trans"><p>高管们指出，存款和贷款的竞争日益激烈，同行们提供更具攻击性的定价、创新的结构和费用豁免以争取业务。尽管 Provident 保持定价纪律，但这种加剧的竞争环境可能会对利差和融资成本施加压力，使其效率和手续费收入的增长变得愈加重要。</p>
</div><h2>Forward-Looking Guidance and Strategic Focus</h2>
<div class="lb-trans"><h2>前瞻性指导和战略重点</h2>
</div><p>Provident reaffirmed full-year guidance for 4% to 6% growth in both loans and deposits, with noninterest income averaging $28.5 million per quarter and a targeted core return on assets of 1.2% to 1.3% alongside mid-teens returns on tangible equity. The bank expects NIM in the 3.40%–3.45% range, modest core NIM expansion next quarter, core expenses around $117 million to $119 million with additional one-time tech costs later in the year and continued disciplined capital deployment including opportunistic buybacks.</p>
<div class="lb-trans"><p>Provident 重申全年贷款和存款增长 4% 至 6% 的指导，非利息收入平均每季度为 2850 万美元，目标核心资产回报率为 1.2% 至 1.3%，同时有中等十几的有形股本回报。该银行预计净利差在 3.40% 至 3.45% 之间，下季度核心净利差适度扩张，核心支出约为 1.17 亿至 1.19 亿美元，年内还有额外的一次性技术成本，并继续进行有纪律的资本部署，包括机会性回购。</p>
</div><p>Provident’s earnings call painted a picture of a bank balancing solid growth and profitability with a realistic view of credit, funding and expense challenges. Investors will be watching how the company manages the senior housing workout, executes its core upgrade and navigates stiff competition, but for now management’s reaffirmed guidance and growing capital base suggest confidence in sustaining attractive returns.</p>
<div class="lb-trans"><p>Provident 的财报电话会议描绘了一家在稳健增长和盈利能力之间保持平衡的银行，同时对信贷、融资和支出挑战持现实态度。投资者将关注公司如何管理老年住房的工作，执行核心升级以及应对激烈竞争，但目前管理层重申的指导和不断增长的资本基础表明对维持吸引回报的信心。</p>
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Provident 金融服务公司传达了对其增长路径的坚定信心