UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31566 PROVIDENT FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 42-1547151 (State or Other Ju ...

Provident Financial Services, Inc. (NYSE:PFS) Q3 2023 Results Conference Call October 27, 2023 10:00 AM ET Company Participants Adriano Duarte - IR Officer Tony Labozzetta - President and CEO Tom Lyons - Sr. EVP and CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Bill Young - RBC Capital Markets Michael Perito - KBW Manuel Navas - D.A. Davidson Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Provident ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31566 PROVIDENT FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 42-1547151 (State or Other Jurisdicti ...

Provident Financial Services, Inc. (NYSE:PFS) Q2 2023 Earnings Call Transcript July 28, 2023 10:00 AM ET Company Participants Adriano Duarte - Investor Relations Officer Tony Labozzetta - President and Chief Executive Officer Tom Lyons - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Billy Young - RBC Capital Markets Michael Perito - KBW Manuel Navas - D.A. Davidson Operator Thank you for standing by. At this time, I would like to wel ...

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended 3/31/2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission File Number: 001-31566 PROVIDENT FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation o ...

Provident Financial Services, Inc. (NYSE:PFS) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Adriano Duarte - Head of Investor Relations Tony Labozzetta - President & Chief Executive Officer Tom Lyons - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Billy Young - RBC Capital Markets Manuel Navas - D. A. Davidson Operator Good morning. Thank you for attending today's Provident Financial Services Inc. Fir ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 OR☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 1-31566 PROVIDENT FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 42-1547151 (State or Other Jurisdiction of In ...

Financial Data and Key Metrics Changes - The company reported record interest income and non-net interest income, resulting in earnings of $0.66 per share, an increase from $0.58 per share in the previous quarter and $0.49 per share in Q4 2021 [3][16] - Net interest income increased by 4.2% over the trailing quarter, with a net interest margin expansion to 3.62% [4][17] - The annualized return on average assets was 1.42% and return on average tangible equity was 17.51% [4] Business Line Data and Key Metrics Changes - The company closed approximately $574 million in new commercial loans in Q4, leading to total commercial loan production of $2.4 billion for the year [4][6] - The commercial loan portfolio, excluding PPP loans, grew at an annualized rate of 9.7% for the quarter and 10.1% for the year [6][22] - Fee-based businesses showed mixed results, with the insurance agency revenue increasing by 4.5% and operating profit by 24%, while Beacon Trust experienced a decline in fee income [9][12] Market Data and Key Metrics Changes - The average balance of core deposits increased by $76 million, or 3.1% annualized, while spot core deposits decreased by $89 million, or 3.6% annualized [8] - The total cost of deposits increased by 32 basis points to 67 basis points, with a deposit beta of 26% for the quarter [8][18] Company Strategy and Development Direction - The company remains focused on delivering a best-in-class customer experience and emphasizes commercial lending as a key area of growth [4][14] - The ongoing merger with Lakeland Bancorp is expected to create a stronger community bank, with efforts focused on obtaining necessary approvals and integrating operations [14][15][68] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential economic challenges, including liquidity, funding costs, and credit quality [12][14] - The company anticipates stable net interest margins in the range of 3.50% to 3.60% for 2023, with expectations of continued loan growth despite rising interest rates [22][42] Other Important Information - The efficiency ratio improved to 46.88% from 47.11% in the previous quarter, indicating better cost management [25] - The allowance for credit losses on loans decreased by $600,000, reflecting stable asset quality [22][23] Q&A Session Summary Question: Can you explain the reversal of the provision for off-balance sheet credit exposure? - Management indicated that the reversal was due to strong closing activity and a decrease in the pipeline, leading to lesser commitments subject to reserve [19] Question: What is the outlook for expenses and effective tax rate? - Expenses are expected to be in the $66 million to $67 million range in the first part of the year, with an effective tax rate around 26% [30][32] Question: What are the assumptions for margin outlook and Fed actions? - The company expects the Fed funds rate to stabilize after potential hikes, with a margin outlook of 3.50% to 3.60% for the year [35][42] Question: Any trends in charge-offs this quarter? - Management noted no concerning trends in asset quality, with charge-offs related to specific credits previously reserved [43] Question: What is the expected cash flow from the securities portfolio? - Cash flows from the securities portfolio are currently around $12 million to $15 million per month, with expectations of fluctuations based on market conditions [57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended 9/30/2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31566 PROVIDENT FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 42-1547151 (State or Other Jurisdictio ...

Provident Financial Services, Inc. (NYSE:PFS) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Adriano Duarte - Head, IR Tony Labozzetta - President and CEO Tom Lyons - Senior EVP and CFO Conference Call Participants Billy Young - RBC Mark Fitzgibbon - Piper Sandler Michael Perito - KBW Operator Good morning. Thank you for attending today’s Provident Financial Services, Inc. Third Quarter Earnings Conference Call. My name is Alexis and I will be your operator for today’s ca ...