Provident Financial Services(PFS) - 2024 Q2 - Quarterly Results

• The Company's annualized adjusted pre-tax, pre-provision returns on average assets, average equity and average tangible equity were 1.47%, 13.26% and 19.21% for the quarter ended June 30, 2024, compared to 1.28%, 10.62% and 14.54% for the quarter ended March 31, 2024. A reconciliation between GAAP and the above nonGAAP ratios are shown on page 13 of the earnings release. (1) • On May 9, 2024, the Company issued $225.0 million of 9.00% Fixed-to-Floating Rate subordinated notes due 2034, resulting in net pr ...