Provident Financial Services, Inc. (PFS)

In October 2025, Provident Financial Services, Inc. was scheduled to release its third-quarter financial results, with analysts anticipating revenue growth and adjusted earnings per share. The stock price as of October 22, 2025, reflected a year-on-year decline, aligning with the underperformance of regional bank stocks. In July 2025, the company reported strong second-quarter results, with increased net income and revenues exceeding market expectations. February 2025 expectations were set for Provident Financial Services' earnings in 2025 to nearly double compared to 2024. In January 2025, Provident Financial Services, Inc. reported fourth-quarter 2024 earnings per share (EPS) that missed analyst estimates, with quarterly revenue also below estimates, despite year-over-year growth.

Specific details on demand seasonality for Provident Financial Services, Inc.'s products are limited in the provided results. General banking trends suggest demand can be influenced by economic cycles and seasonal factors, such as seasonal increases in municipal deposits. Broader economic conditions, like unemployment, can also affect demand for loans and other services.

Provident Financial Services, Inc. operates in the Financials sector as a holding company for Provident Bank, offering financial products and services to individuals, families, and businesses. Its major products and services include retail banking (checking and savings accounts, CDs, debit and credit cards, mortgages, home equity loans, and personal loans), commercial banking (commercial loans, real estate financing, small business loans, treasury management, and SBA loans), wealth management (investment management, financial planning, estate planning, and trust services through Beacon Trust Company), and insurance services (brokerage services through Provident Protection Plus, Inc.).

Provident Financial Services, Inc. primarily serves customers in northern and central New Jersey, eastern Pennsylvania (Bucks, Lehigh, and Northampton counties), and the New York metropolitan area (Orange, Queens, and Nassau Counties).

Provident Financial Services, Inc. has maintained a positive brand reputation through community involvement and recognition of its subsidiaries. Provident Protection Plus, Inc. retained its "Best Practices" status for the third consecutive year. Provident Bank announced grants to New Jersey non-profit organizations. Provident Bank appointed Renee Altomonte as EVP, Retail Banking Director, and Annamaria Vitelli as EVP, Chief Growth Officer for Beacon Trust. The Provident Bank Foundation announced its 2025 Empowerment Grant recipients.

Institutional investors hold approximately 70% of Provident Financial Services, Inc.'s stock, with major holders including BlackRock, Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors LP. The general public holds about a 26% stake. Christopher P. Martin is the largest individual shareholder, owning 1.03 million shares, representing 0.79% of the company.