<p>Provident 金融服務（PFS）已召開其第一季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
<h3>在 TipRanks 上享受 55% 的折扣</h3>
<ul>
<li>解鎖對沖基金級別的數據和強大的投資工具，以便做出更聰明、更精準的決策</li>
<li>發現表現優異的股票投資理念，並升級為市場領先者的投資組合，使用智能投資者精選</li>
</ul>
<p>Provident 金融服務的最新財報電話會議傳達了樂觀的基調，管理層強調了強勁的利潤、創紀錄的手續費收入和穩健的商業貸款增長，同時資本和股票回購也在增加。高管們還承認了一些新出現的挑戰，包括來自單一借款人的不良貸款激增、適度的存款流出以及與技術升級和薪酬相關的短期費用壓力。</p>
<h2>穩健的盈利能力和每股收益增長</h2>
<p>Provident 報告的淨收入為 7900 萬美元，或每股 0.61 美元，比去年增長 24%，顯示出盈利能力的改善。回報率也有所增強，年化平均資產回報率為 1.29%，調整後的平均有形普通股權益回報率達到 16.6%，突顯了資本的高效配置。</p>
<h2>強勁的税前準備金前表現</h2>
<p>税前、準備金前的淨收入攀升至 1.08 億美元，同比增長 13.5%，反映出在信用成本之前的穩健核心盈利能力。該指標占平均資產的 1.75%，相比之下，去年為 1.61%，突顯了即使在競爭激烈的利率環境中也有所改善的運營槓桿。</p>
<h2>強勁的商業貸款生產和管道</h2>
<p>商業貸款仍然是關鍵的增長引擎，本季度新生產 649 百萬美元，同比增長 8%，幫助商業投資組合以 3.9% 的年化速度增加了 1.61 億美元。商業和工業貸款以 10% 的年化速度增長，而銀行在本季度結束時擁有創紀錄的 31 億美元商業管道，涵蓋 CRE、C&amp;I、專業和中型市場領域。</p>
<h2>收入動能和創紀錄的非利息收入</h2>
<p>總收入連續第二個季度超過 2.25 億美元，主要由 1.94 億美元的淨利息收入和創紀錄的 3150 萬美元非利息收入推動，確認了超越利差收入的多元化。保險部門 Provident Protection Plus 表現尤為強勁，客户保留率約為 95%，新業務和應急收入也實現了顯著增長。</p>
<h2>資產增長和收益管理</h2>
<p>平均收益資產增加了 2.64 億美元，年化增長 4.7%，顯示出在沒有過大風險的情況下實現了平衡的資產負債表擴張。資產收益率下降了 13 個基點至 5.53%，但這在很大程度上被利息負債成本下降 12 個基點至 2.71% 所抵消，得益於存款和融資成本的降低。</p>
<h2>穩定的信用成本和低壞賬率</h2>
<p>信用表現總體保持良好，淨壞賬為 310 萬美元，相當於平均貸款的年化 6 個基點，表明實現的損失有限。這一低損失水平為管理層在應對特定問題信用和更不確定的宏觀背景時提供了靈活性。</p>
<h2>資本積累和股票回購</h2>
<p>資本持續增強，每股有形賬面價值上升 0.33 美元至 16.03 美元，季度增長 2.1%，有形普通股權益比率改善至 8.55%。Provident 在資本回報方面也保持活躍，回購了 1240 萬美元的股票，或 589,000 股，同時保留了 220 萬股在現有授權下可用的股份。</p>
<h2>運營投資和效率提升</h2>
<p>銀行的效率比率改善至 52%，而費用佔平均資產的比例同比下降至 1.95%，顯示出成本控制的進展。管理層計劃使用 FIS 技術進行核心系統升級，以簡化貸款數據，加快客户入駐並增強 API 連接，目標是隨着時間的推移進一步提高效率。</p>
<h2>不良貸款增加</h2>
<p>不良貸款從上季度的 40 個基點上升至總貸款的 73 個基點，主要是由於與四個相關的老年住房信貸總計 8200 萬美元的破產有關。管理層強調，這一激增集中在單一關係上，而不是整個投資組合的廣泛惡化。</p>
<h2>不良資產和問題信用的具體情況</h2>
<p>不良資產佔總資產的 58 個基點，考慮到銀行的資本狀況和低壞賬率，這是一個可控的水平。這四筆老年住房貸款分別持有在不同的結構中，並未交叉抵押，單個貸款的貸款價值比大多在中 50% 水平左右或以下，管理層預計在年底前解決，損失有限，但可能會有一些短期波動。</p>
<h2>準備金覆蓋和負準備金</h2>
<p>Provident 記錄了 210 萬美元的淨負準備金，反映出信用趨勢穩定以及某些領域的準備金過剩。準備金覆蓋率小幅下降 5 個基點至 90 個基點的貸款，考慮到低淨壞賬率和對問題信用的詳細監控，管理層對此似乎感到滿意。</p>
<h2>存款流出和融資結構變化</h2>
<p>期末存款減少了 1.78 億美元，年化下降 3.8%，主要由於季節性市政流出和故意減少高成本的經紀存款。為了優化融資成本，銀行增加了對聯邦住房貸款銀行借款的使用，表示與經紀餘額相比，融資成本降低了約 20 個基點。</p>
<h2>淨利息收益率壓力和前景</h2>
<p>淨利息收益率從上季度下降了 4 個基點至 3.04%，部分反映了較低的購置會計增值和持續的利差壓力。管理層將全年淨利息收益率展望收緊至 3.40%-3.45%，假設今年沒有進一步的聯邦儲備行動，並預計隨着存款成本的持續正常化，核心淨利息收益率將適度擴張。</p>
<h2>非利息費用上升和短期成本提升</h2>
<p>非利息支出上升至 1.171 億美元，主要受到更高的薪酬、福利和場地成本的推動，因為公司在人員和基礎設施上進行投資。展望未來，管理層預計今年剩餘時間的季度核心運營支出約為 1.17 億至 1.19 億美元，以及與核心系統升級相關的大約 500 萬美元的一次性成本。</p>
<h2>存款和貸款的競爭壓力</h2>
<p>高管們指出，存款和貸款的競爭日益激烈，同行們提供更具攻擊性的定價、創新的結構和費用豁免以爭取業務。儘管 Provident 保持定價紀律，但這種加劇的競爭環境可能會對利差和融資成本施加壓力，使其效率和手續費收入的增長變得愈加重要。</p>
<h2>前瞻性指導和戰略重點</h2>
<p>Provident 重申全年貸款和存款增長 4% 至 6% 的指導，非利息收入平均每季度為 2850 萬美元，目標核心資產回報率為 1.2% 至 1.3%，同時有中等十幾的有形股本回報。該銀行預計淨利差在 3.40% 至 3.45% 之間，下季度核心淨利差適度擴張，核心支出約為 1.17 億至 1.19 億美元，年內還有額外的一次性技術成本，並繼續進行有紀律的資本部署，包括機會性回購。</p>
<p>Provident 的財報電話會議描繪了一家在穩健增長和盈利能力之間保持平衡的銀行，同時對信貸、融資和支出挑戰持現實態度。投資者將關注公司如何管理老年住房的工作，執行核心升級以及應對激烈競爭，但目前管理層重申的指導和不斷增長的資本基礎表明對維持吸引回報的信心。</p>

Provident金融服務

<p>Provident 金融服務公司報告了強勁的第一季度收益，淨收入為 7900 萬美元，同比增長 24%。主要亮點包括強勁的商業貸款增長、創紀錄的非利息收入和改善的盈利能力指標。然而，該銀行面臨着不良貸款增加和適度存款流出的挑戰。管理層對未來的增長保持樂觀，同時實施運營效率並維持強勁的資本狀況</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 金融服務（PFS）已召開其第一季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
</div><h3>Claim 55% Off TipRanks</h3>
<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>解鎖對沖基金級別的數據和強大的投資工具，以便做出更聰明、更精準的決策</li>
<li>發現表現優異的股票投資理念，並升級為市場領先者的投資組合，使用智能投資者精選</li>
</ul>
</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 金融服務的最新財報電話會議傳達了樂觀的基調，管理層強調了強勁的利潤、創紀錄的手續費收入和穩健的商業貸款增長，同時資本和股票回購也在增加。高管們還承認了一些新出現的挑戰，包括來自單一借款人的不良貸款激增、適度的存款流出以及與技術升級和薪酬相關的短期費用壓力。</p>
</div><h2>Solid Profitability and EPS Growth</h2>
<div class="lb-trans"><h2>穩健的盈利能力和每股收益增長</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 報告的淨收入為 7900 萬美元，或每股 0.61 美元，比去年增長 24%，顯示出盈利能力的改善。回報率也有所增強，年化平均資產回報率為 1.29%，調整後的平均有形普通股權益回報率達到 16.6%，突顯了資本的高效配置。</p>
</div><h2>Strong Pretax Pre-Provision Performance</h2>
<div class="lb-trans"><h2>強勁的税前準備金前表現</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、準備金前的淨收入攀升至 1.08 億美元，同比增長 13.5%，反映出在信用成本之前的穩健核心盈利能力。該指標占平均資產的 1.75%，相比之下，去年為 1.61%，突顯了即使在競爭激烈的利率環境中也有所改善的運營槓桿。</p>
</div><h2>Robust Commercial Loan Production and Pipeline</h2>
<div class="lb-trans"><h2>強勁的商業貸款生產和管道</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>商業貸款仍然是關鍵的增長引擎，本季度新生產 649 百萬美元，同比增長 8%，幫助商業投資組合以 3.9% 的年化速度增加了 1.61 億美元。商業和工業貸款以 10% 的年化速度增長，而銀行在本季度結束時擁有創紀錄的 31 億美元商業管道，涵蓋 CRE、C&amp;I、專業和中型市場領域。</p>
</div><h2>Revenue Momentum and Record Noninterest Income</h2>
<div class="lb-trans"><h2>收入動能和創紀錄的非利息收入</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>總收入連續第二個季度超過 2.25 億美元，主要由 1.94 億美元的淨利息收入和創紀錄的 3150 萬美元非利息收入推動，確認了超越利差收入的多元化。保險部門 Provident Protection Plus 表現尤為強勁，客户保留率約為 95%，新業務和應急收入也實現了顯著增長。</p>
</div><h2>Asset Growth and Yield Management</h2>
<div class="lb-trans"><h2>資產增長和收益管理</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>平均收益資產增加了 2.64 億美元，年化增長 4.7%，顯示出在沒有過大風險的情況下實現了平衡的資產負債表擴張。資產收益率下降了 13 個基點至 5.53%，但這在很大程度上被利息負債成本下降 12 個基點至 2.71% 所抵消，得益於存款和融資成本的降低。</p>
</div><h2>Stable Credit Costs and Low Charge-Offs</h2>
<div class="lb-trans"><h2>穩定的信用成本和低壞賬率</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>信用表現總體保持良好，淨壞賬為 310 萬美元，相當於平均貸款的年化 6 個基點，表明實現的損失有限。這一低損失水平為管理層在應對特定問題信用和更不確定的宏觀背景時提供了靈活性。</p>
</div><h2>Capital Build and Share Repurchases</h2>
<div class="lb-trans"><h2>資本積累和股票回購</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>資本持續增強，每股有形賬面價值上升 0.33 美元至 16.03 美元，季度增長 2.1%，有形普通股權益比率改善至 8.55%。Provident 在資本回報方面也保持活躍，回購了 1240 萬美元的股票，或 589,000 股，同時保留了 220 萬股在現有授權下可用的股份。</p>
</div><h2>Operational Investments and Efficiency Gains</h2>
<div class="lb-trans"><h2>運營投資和效率提升</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>銀行的效率比率改善至 52%，而費用佔平均資產的比例同比下降至 1.95%，顯示出成本控制的進展。管理層計劃使用 FIS 技術進行核心系統升級，以簡化貸款數據，加快客户入駐並增強 API 連接，目標是隨着時間的推移進一步提高效率。</p>
</div><h2>Increase in Nonperforming Loans</h2>
<div class="lb-trans"><h2>不良貸款增加</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>不良貸款從上季度的 40 個基點上升至總貸款的 73 個基點，主要是由於與四個相關的老年住房信貸總計 8200 萬美元的破產有關。管理層強調，這一激增集中在單一關係上，而不是整個投資組合的廣泛惡化。</p>
</div><h2>Nonperforming Assets and Troubled Credit Specifics</h2>
<div class="lb-trans"><h2>不良資產和問題信用的具體情況</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>不良資產佔總資產的 58 個基點，考慮到銀行的資本狀況和低壞賬率，這是一個可控的水平。這四筆老年住房貸款分別持有在不同的結構中，並未交叉抵押，單個貸款的貸款價值比大多在中 50% 水平左右或以下，管理層預計在年底前解決，損失有限，但可能會有一些短期波動。</p>
</div><h2>Allowance Coverage and Negative Provision</h2>
<div class="lb-trans"><h2>準備金覆蓋和負準備金</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 記錄了 210 萬美元的淨負準備金，反映出信用趨勢穩定以及某些領域的準備金過剩。準備金覆蓋率小幅下降 5 個基點至 90 個基點的貸款，考慮到低淨壞賬率和對問題信用的詳細監控，管理層對此似乎感到滿意。</p>
</div><h2>Deposit Outflows and Funding Mix Shift</h2>
<div class="lb-trans"><h2>存款流出和融資結構變化</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>期末存款減少了 1.78 億美元，年化下降 3.8%，主要由於季節性市政流出和故意減少高成本的經紀存款。為了優化融資成本，銀行增加了對聯邦住房貸款銀行借款的使用，表示與經紀餘額相比，融資成本降低了約 20 個基點。</p>
</div><h2>Net Interest Margin Pressure and Outlook</h2>
<div class="lb-trans"><h2>淨利息收益率壓力和前景</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>淨利息收益率從上季度下降了 4 個基點至 3.04%，部分反映了較低的購置會計增值和持續的利差壓力。管理層將全年淨利息收益率展望收緊至 3.40%-3.45%，假設今年沒有進一步的聯邦儲備行動，並預計隨着存款成本的持續正常化，核心淨利息收益率將適度擴張。</p>
</div><h2>Higher Noninterest Expense and Near-Term Cost Lift</h2>
<div class="lb-trans"><h2>非利息費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 億美元，主要受到更高的薪酬、福利和場地成本的推動，因為公司在人員和基礎設施上進行投資。展望未來，管理層預計今年剩餘時間的季度核心運營支出約為 1.17 億至 1.19 億美元，以及與核心系統升級相關的大約 500 萬美元的一次性成本。</p>
</div><h2>Competitive Pressures on Deposits and Lending</h2>
<div class="lb-trans"><h2>存款和貸款的競爭壓力</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>高管們指出，存款和貸款的競爭日益激烈，同行們提供更具攻擊性的定價、創新的結構和費用豁免以爭取業務。儘管 Provident 保持定價紀律，但這種加劇的競爭環境可能會對利差和融資成本施加壓力，使其效率和手續費收入的增長變得愈加重要。</p>
</div><h2>Forward-Looking Guidance and Strategic Focus</h2>
<div class="lb-trans"><h2>前瞻性指導和戰略重點</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 重申全年貸款和存款增長 4% 至 6% 的指導，非利息收入平均每季度為 2850 萬美元，目標核心資產回報率為 1.2% 至 1.3%，同時有中等十幾的有形股本回報。該銀行預計淨利差在 3.40% 至 3.45% 之間，下季度核心淨利差適度擴張，核心支出約為 1.17 億至 1.19 億美元，年內還有額外的一次性技術成本，並繼續進行有紀律的資本部署，包括機會性回購。</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 的財報電話會議描繪了一家在穩健增長和盈利能力之間保持平衡的銀行，同時對信貸、融資和支出挑戰持現實態度。投資者將關注公司如何管理老年住房的工作，執行核心升級以及應對激烈競爭，但目前管理層重申的指導和不斷增長的資本基礎表明對維持吸引回報的信心。</p>
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Provident 金融服務公司傳達了對其增長路徑的堅定信心