Provident Financial Services(US:PFS) Newsfile·2025-11-05 21:16Core Insights - Provident Financial Services Inc (PFS) reported strong quarterly performance with net income of $71.7 million, slightly down from $72.0 million in the previous quarter, resulting in an EPS of $0.55, meeting consensus expectations [1][7] - Total revenue reached a record $221.8 million, an increase from $214.2 million in the prior quarter, driven by robust loan production and disciplined deposit pricing [1][7] - Pre-tax, pre-provision earnings rose 9% sequentially to a record $109 million, reflecting a 1.76% return on average assets, indicating improving core profitability [1][7] Financial Performance - Net interest income was $194.3 million and non-interest income was $27.4 million, contributing to the record revenue [7] - The net interest margin improved to 3.43% [7] - Total commercial loans increased by $191.2 million to $16.70 billion, while total deposits rose by $387.7 million to $19.10 billion [7] - Non-performing assets improved to 0.41% of total assets, indicating better asset quality [7]