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Provident Financial Sets Revenue Record

Provident Financial Services (PFS 3.62%) reported GAAP net earnings of 72million(72 million (0.55 per share) for Q2 2025, highlighted by record revenue of 214million,annualizedROAof1.19214 million, annualized ROA of 1.19%, and an adjusted return on average tangible equity of 16.8%. The company posted strong commercial and industrial loan growth, declining deposit costs, solid asset quality, a 0.45 increase in tangible book value per share, and reaffirmed quarterly operating expense guidance, providing a multi-faceted view of operational momen ...