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    PFS — Provident Financial Services News Story

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    Provident Financial Q2 profit rises, lifted by record net interest income

    Picture of Provident Financial Services logoProvident Financial Services
    24/07/2025 13:14
    Overview

Provident Financial Q2 net income rises to $72 mln, reflecting improved asset quality

Company reports record revenue of $214.2 mln, driven by increased net interest income

Loan portfolio grows, with C&I loans up 16.26% annualized from prior quarter

Result Drivers

REVENUE GROWTH - Record revenue of $214.2 mln driven by record net interest income and non-interest income

LOAN PORTFOLIO EXPANSION - C&I loan portfolio increased by 16.26% annualized, contributing to overall loan growth

CREDIT LOSS BENEFIT - $2.7 mln benefit to provision for credit losses, compared to a $325,000 provision for the trailing quarter.

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q2 EPS$0.55
    Q2 Net Income$71.98 mln
    Q2 Net Interest Income$187.09 mln
    Q2 Credit Loss Provision-$2.89 mln
    

Press Release: ID:nGNXbHLFbd

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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