Provident Q3 revenue rises driven by net interest income

Provident Financial Services

29/10/2025 21:30

Overview

Provident Q3 net income stable at $71.7 mln, EPS at $0.55

Company achieves record Q3 revenue of $221.8 mln, driven by net interest income

Credit loss provision rises to $7.0 mln in Q3, reflecting loan portfolio growth

Outlook

Provident Financial Services did not provide specific future guidance

Result Drivers

RECORD REVENUE - Provident achieved record revenue of $221.8 mln, driven by net interest income of $194.3 mln and non-interest income of $27.4 mln

LOAN PORTFOLIO GROWTH - C&I loan portfolio increased $149 mln

DEPOSIT GROWTH - Total deposits rose $387.7 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.55
Q3 Net Income
$71.72 mln
Q3 Net Interest Income
$194.33 mln
Q3 Credit Loss Provision
$7.04 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Provident Financial Services Inc is $22.50, about 17.5% above its October 29 closing price of $18.56

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX1w23mL

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(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.)