Form 8-K

8-K — PROVIDENT FINANCIAL SERVICES INC

Accession: 0001628280-26-068115

Filed: 2026-10-29

Period: 2026-10-28

CIK: 0001178970

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — pfs-20261028.htm (Primary)

EX-99.1 (a093026earningsrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: pfs-20261028.htm · Sequence: 1

pfs-20261028

FALSE000117897000011789702026-10-282026-10-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 28, 2026

PROVIDENT FINANCIAL SERVICES, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-31566

42-1547151

(State or Other Jurisdiction of Incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

239 Washington Street, Jersey City, New Jersey

07302

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code 732-590-9200

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17

CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17

CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Symbol(s)

Name of each exchange on which registered

Common

PFS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition.

On October 28, 2026, Provident Financial Services, Inc. (the “Company”) issued a press release reporting its financial results for the three and nine months ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed “filed” for any purpose.

Item 7.01 Regulation FD Disclosure.

On October 29, 2026, the Company held a conference call to discuss its financial results for the three and nine months ended September 30, 2026, including the press release relating to the Company and attached as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired. Not applicable.

(b) Pro Forma Financial Information. Not applicable.

(d) Exhibits.

Exhibit No. Description

99.1 Press release issued by the Company on October 28, 2026 announcing its financial results for the three and nine months ended September 30, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

PROVIDENT FINANCIAL SERVICES, INC.

DATE:

October 29, 2026 By: /s/ Anthony J. Labozzetta

Anthony J. Labozzetta

President and Chief Executive Officer

EX-99.1

Filename: a093026earningsrelease.htm · Sequence: 2

Document

Provident Financial Services, Inc. Reports Third Quarter Earnings

ISELIN, NJ, October 28, 2026 - Provident Financial Services, Inc. (NYSE: PFS) (the “Company”) reported net income of $69.2 million, or $0.53 per basic and diluted share for the three months ended September 30, 2026, compared to $78.1 million, or $0.60 per basic and diluted share, for the three months ended June 30, 2026 and $71.7 million, or $0.55 per basic and diluted share, for the three months ended September 30, 2025. For the nine months ended September 30, 2026, net income totaled $226.7 million, or $1.74 per basic and diluted share, compared to $207.7 million, or $1.59 per basic and diluted share, for the nine months ended September 30, 2025. Results for the quarter were impacted by a $17.5 million one-time loss on extinguishment of debt due to the accelerated amortization of purchase accounting adjustments, core conversion related costs of $3.7 million and $465,000 of branch restructuring expenses. Excluding these expenses, core net income (1) for the three and nine months ended September 30, 2026, totaled $84.3 million, or $0.65 per basic and diluted share, and $243.5 million, or $1.87 per basic and diluted share, respectively.

Core pre-provision, net revenue ("PPNR") (2) for the three months ended September 30, 2026 was $119.5 million, or $0.92 per basic and diluted share, for the three months ended September 30, 2026, compared to $108.7 million, or $0.83 per basic and diluted share, for the three months ended September 30, 2025.

Anthony J. Labozzetta, President and Chief Executive Officer commented, “We continued our strong performance, delivering another quarter of solid financial results including record revenues. Building momentum in both our spread and fee-based businesses drove 10% year-over-year growth in our pre-provision net revenue, while core deposits grew nearly 6% annualized. During the quarter, we successfully completed our previously-announced core conversion, while also maintaining an adjusted efficiency ratio below 50%. Our robust loan pipeline and strong asset quality leave me optimistic that we will keep driving profitable organic growth going forward."

Key Points for the Third Quarter

•Expanding Core Profitability with Record Revenue

◦The Company's annualized returns on average assets, average equity and average tangible equity were 1.07%, 9.39% and 13.80% for the quarter ended September 30, 2026.

◦Annualized core return on average assets ("ROAA") (3) and net interest margin improved to 1.30% and 3.50%, respectively, from 1.16% and 3.43% in the prior year quarter. A reconciliation between GAAP and the above non-GAAP ratios is shown on page 19 of the earnings release.

◦Core net interest margin, which excludes the impact of purchase accounting accretion and amortization and interest recovery on resolved non-performing loans, increased 7 basis points from the trailing quarter to 3.16% and 22 basis points from the prior year quarter.

◦Core PPNR (2) grew $10.8 million from the prior year quarter, resulting in a 9 basis point expansion of PPNR ROAA to 1.85%. A reconciliation between GAAP and the above non-GAAP ratios is shown on page 18 of the earnings release.

◦Record net-interest income increased $13.7 million to $208.0 million when compared to the prior year quarter, driven primarily by growth in our earning assets and an expanded net interest margin.

•Strong Deposit Growth and Steady Capital Strengthening the Balance Sheet

◦The Company's total deposits increased $261.7 million or 5.31% annualized quarter over quarter, to $19.81 billion as of September 30, 2026, while total core deposits, which exclude certificates of deposit and wholesale deposits, increased $233.7 million, or 5.76% annualized, to $15.42 billion as of September 30, 2026.

◦The Company's loan-to-deposit ratio decreased slightly to 101.8% as of September 30, 2026, compared to 102.6% as of June 30, 2026. The primary reason for the decrease in the loan-to-deposit ratio was due to an increase in non-maturity core business deposits.

◦Compared to the prior quarter, tangible book value ("TBV") per share (4) declined slightly to $16.16, while the tangible common equity ("TCE") ratio (4) declined 20 basis points to 8.40%, both of which were impacted by an $83.0 million reduction in Accumulated Other Comprehensive Income ("AOCI").

◦Common Equity Tier One and Total Risk Based Capital ratios for Provident Bank were above well-capitalized at 12.5% and 13.4% as of September 30, 2026, respectively.

◦The Company's adjusted CRE concentration ratio, excluding purchase accounting adjustments as of September 30, 2026, was 399.4%.

•Strong Loan Growth Trends with Low Net Charge-Offs

◦Total commercial loans, including mortgage warehouse lines, commercial mortgage, multi-family and construction loans, increased 3.4% annualized for the quarter.

◦Our pipeline totaled $3.03 billion as of September 30, 2026, with a weighted average interest rate approaching 6.50%. Both the CRE and C&I pipelines exceeded $1.0 billion for the third consecutive quarter, reflecting the investments we have made in our commercial banking group to generate sustainable, diversified loan growth.

◦Net charge-offs of $2.4 million and $7.4 million for both the quarter and nine months ended September 30, 2026, represent an annualized 5 basis points of average loans for both periods.

Third Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):

For the Quarter Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Annualized return on average assets 1.07 % 1.24 % 1.29 % 1.34 % 1.16 %

Annualized core return on average assets (3)

1.30 % 1.27 % 1.29 % 1.34 % 1.16 %

Annualized return on average equity 9.39 % 10.82 % 11.21 % 11.78 % 10.39 %

Annualized core return on average equity (3)

11.44 % 11.05 % 11.21 % 11.78 % 10.39 %

Annualized return on average tangible equity (5)

13.80 % 15.87 % 16.54 % 17.54 % 16.01 %

Annualized core return on average tangible equity (3)

16.57 % 16.18 % 16.54 % 17.54 % 16.01 %

Annualized core non-interest expense to average assets (6)

1.84 % 1.85 % 1.90 % 1.84 % 1.83 %

Core efficiency ratio (7)

49.93 % 49.75 % 52.02 % 50.97 % 51.01 %

Non-performing loans to total loans 0.69 % 0.68 % 0.73 % 0.40 % 0.52 %

Non-performing assets to total assets 0.55 % 0.54 % 0.58 % 0.32 % 0.41 %

Allowance for loan losses to total non-performing loans 135.20 % 134.87 % 123.84 % 235.61 % 186.21 %

Allowance for loan losses to total loans 0.94 % 0.92 % 0.90 % 0.95 % 0.97 %

Annualized net loan charge-offs to average total loans 0.05 % 0.04 % 0.06 % 0.09 % 0.11 %

Average yield on interest-earning assets 5.68 % 5.61 % 5.53 % 5.66 % 5.76 %

Average cost of interest-bearing liabilities 2.79 % 2.71 % 2.71 % 2.83 % 2.96 %

Net interest margin 3.50% 3.48% 3.40% 3.44% 3.43%

Annualized core PPNR return on average assets (2)

1.85 % 1.87 % 1.75 % 1.78 % 1.76 %

Annualized core PPNR return on average equity (2)

16.22 % 16.30 % 15.25 % 15.68 % 15.74 %

Annualized core PPNR return on average tangible equity (2)

23.51 % 23.82 % 22.59 % 23.46 % 24.14 %

Balance Sheet Summary

Assets:

◦Total assets as of September 30, 2026 were $25.85 billion, compared to $24.98 billion as of December 31, 2025.

▪Total investment securities were $3.56 billion as of September 30, 2026, compared to $3.47 billion as of December 31, 2025. The increase in investment securities was primarily due to purchases of mortgage-backed securities, partially offset by an increase in unrealized losses on available for sale debt securities.

▪Loans held for investment totaled $20.17 billion as of September 30, 2026, and $19.50 billion as of December 31, 2025, with net increases of $394.0 million of commercial loans, $206.0 million of commercial mortgage loans, $174.4 million of multi-family loans and $32.7 million of construction loans, partially offset by net decreases of $74.0 million of mortgage warehouse lines, $62.9 million of residential mortgage loans and $1.5 million of consumer loans.

◦Total commercial loans, including mortgage warehouse lines, commercial mortgage, multi-family and construction loans, represented 87.5% of the loan portfolio as of September 30, 2026, compared to 86.7% as of December 31, 2025.

◦Loan funding, including advances on lines of credit, totaled $7.84 billion as of September 30, 2026, compared with $7.00 billion for the same period in 2025.

◦The Company’s unfunded loan commitments totaled $3.95 billion, including commitments of $2.24 billion in commercial loans, $677.8 million in construction loans and $335.1 million in commercial mortgage loans. Unfunded loan commitments as of December 31, 2025 and September 30, 2025 were $3.71 billion and $3.82 billion, respectively.

September 30, 2026 June 30, 2026 December 31, 2025

(Dollars in thousands)

Mortgage loans:

Commercial $ 7,604,830 $ 7,502,579 $ 7,398,792

Multi-family 3,841,754 3,806,823 3,667,337

Construction 694,807 638,933 662,112

Residential 1,911,472 1,938,704 1,974,324

Total mortgage loans 14,052,863 13,887,039 13,702,565

Commercial loans 5,237,467 5,251,096 4,843,466

Mortgage warehouse lines 283,093 313,934 357,051

Consumer loans 610,970 607,373 612,431

Total gross loans 20,184,393 20,059,442 19,515,513

Premiums on purchased loans 1,676 1,663 1,524

Net deferred fees and unearned discounts (15,999) (15,353) (12,976)

Total loans $ 20,170,070 $ 20,045,752 $ 19,504,061

Liabilities and Capital:

◦Total deposits were $19.81 billion as of September 30, 2026, compared to $19.28 billion as of December 31, 2025. Total savings and demand deposit accounts increased $590.5 million to $16.58 billion as of September 30, 2026, while total time deposits decreased $62.4 million to $3.22 billion as of September 30, 2026. The increase in savings and demand deposits was largely attributable to a $408.5 million increase in money market deposits, a $176.1 million increase in interest-bearing demand deposits and a $143.5 million increase in non-interest bearing demand deposits, partially offset by a $137.6 million decrease in savings deposits. Within interest-bearing demand deposits, municipal deposits decreased $527.3 million, primarily due to seasonal outflows. To assist in funding the aforementioned seasonal outflows, brokered demand deposits increased by $432.5 million.

September 30, 2026 June 30, 2026 December 31, 2025

(Dollars in thousands)

Non-interest bearing $ 3,857,790 3,808,318 3,714,253

Savings 1,451,633 1,582,750 1,589,259

Money market 4,101,755 4,044,648 3,693,285

Negotiable Order of Withdrawal ("NOW") 7,170,752 6,665,950 6,994,610

Certificates of deposit

3,224,905 3,443,503 3,287,276

Total deposits $ 19,806,835 19,545,169 19,278,683

◦Borrowed funds totaled $2.39 billion as of September 30, 2026, compared to $2.11 billion as of December 31, 2025. The increase in borrowed funds was largely used to fund asset growth and replace seasonal outflows in municipal deposits. Borrowed funds represented 9.2% of total assets as of September 30, 2026, an increase from 8.5% as of December 31, 2025.

◦Stockholders’ equity totaled $2.86 billion compared to $2.83 billion as of December 31, 2025, primarily due to net income earned for the period, partially offset by cash dividends paid to stockholders and an increase in unrealized losses on available for sale debt securities.

▪For the three months ended September 30, 2026, common stock repurchases totaled 1,464 shares at an average cost of $24.44 per share, all of which were made in connection with withholding to cover income taxes on the vesting of stock-based compensation. For the nine months ended September 30, 2026, common stock repurchases totaled 616,186 shares at an average cost of $21.10 per share. As of September 30, 2026, approximately 2,198,007 shares remained eligible for repurchase under the current stock repurchase authorization.

▪Book value per share and TBV per share(4) as of September 30, 2026 were $21.96 and $16.16, respectively, compared with $21.69 and $15.70, respectively, as of December 31, 2025.

Asset Quality:

◦The Company’s total non-performing loans as of September 30, 2026 were $140.1 million, or 0.69% of total loans held for investment, compared to $136.9 million, or 0.68% of total loans as of June 30, 2026 and $78.4 million, or 0.40% of total loans as of December 31, 2025. The allowance for credit losses on loans represented 135.20% of non-performing loans, compared to 123.84% at December 31, 2025, and 186.21% at September 30, 2025.

◦As of September 30, 2026, impaired loans totaled $126.2 million with related specific reserves of $6.6 million, compared with impaired loans totaling $121.2 million with related specific reserves of $3.8 million as of June 30, 2026. As of December 31, 2025, impaired loans totaled $63.3 million with related specific reserves of $5.9 million.

◦As of September 30, 2026, the Company’s allowance for credit losses related to the loan portfolio was 0.94% of total loans, compared to 0.92% and 0.95% as of June 30, 2026 and December 31, 2025, respectively. The allowance for credit losses increased $4.7 million to $189.5 million as of September 30, 2026, from $184.8 million as of December 31, 2025. The increase in the allowance for credit losses on loans as of September 30, 2026 compared to December 31, 2025 was due to a $12.1 million provision for credit losses on loans, partially offset by net charge-offs of $7.4 million.

The following table sets forth accruing past due loans and non-accrual loans held for investment on the dates indicated, as well as delinquency statistics and certain asset quality ratios.

September 30, 2026 June 30, 2026 December 31, 2025

Number

Loans

Principal

Balance

of Loans

Number

Loans

Principal

Balance

of Loans

Number

Loans

Principal

Balance

of Loans

(Dollars in thousands)

Accruing past due loans:

30 to 59 days past due:

Commercial mortgage loans 4 $ 1,561 3 $ 2,301 8 $ 15,652

Multi-family mortgage loans — — 1 1,570 — —

Construction loans — — — — — —

Residential mortgage loans 39 9,926 27 6,393 34 8,344

Total mortgage loans 43 11,487 31 10,264 42 23,996

Commercial loans 2 187 5 1,474 9 1,303

Consumer loans 52 3,559 31 1,401 49 2,209

Total 30 to 59 days past due 97 $ 15,233 67 $ 13,139 100 $ 27,508

60 to 89 days past due:

Commercial mortgage loans 1 $ 190 — $ — — $ —

Multi-family mortgage loans — — — — 1 932

Construction loans — — — — — —

Residential mortgage loans 20 5,731 20 5,929 16 4,177

Total mortgage loans 21 5,921 20 5,929 17 5,109

Commercial loans 4 477 4 828 3 633

Consumer loans 16 792 13 1,577 14 781

Total 60 to 89 days past due 41 7,190 37 8,334 34 6,523

Total accruing past due loans 138 $ 22,423 104 $ 21,473 134 $ 34,031

Non-accrual:

Commercial mortgage loans 6 $ 21,034 8 $ 21,338 11 $ 26,856

Multi-family mortgage loans 2 1,831 1 266 3 2,268

Construction loans 1 1,781 1 2,854 1 5,159

Residential mortgage loans 21 5,947 32 7,834 32 9,062

Total mortgage loans 30 30,593 42 32,292 47 43,345

Commercial loans 77 107,691 71 103,383 28 33,219

Consumer loans 22 1,858 17 1,210 27 1,856

Total non-accrual loans 129 $ 140,142 130 $ 136,885 102 $ 78,420

Non-performing loans to total loans held for investment 0.69 % 0.68 % 0.40 %

Allowance for loan losses to total non-performing loans 135.20 % 134.87 % 235.61 %

Allowance for loan losses to total loans 0.94 % 0.92 % 0.95 %

As of September 30, 2026 and December 31, 2025, the Company held foreclosed assets of $1.0 million and $2.0 million, respectively. Foreclosed assets as of September 30, 2026 was comprised of one commercial real estate

property. Total non-performing assets at September 30, 2026 increased $60.7 million to $141.1 million, or 0.55% of total assets, from $80.4 million, or 0.32% of total assets at December 31, 2025.

Results of Operations

Third quarter of 2026 compared to the second quarter of 2026:

Net interest income

◦Net interest income was $208.0 million, compared to $202.7 million. The increase was primarily due to originations of new loans at current market rates and the favorable repricing of adjustable rate loans.

◦Net interest margin was 3.50%, compared to 3.48%. The yield on interest-earning assets increased 7 basis points to 5.68%, while the cost of interest-bearing liabilities increased 8 basis points to 2.79%. The cost of total deposits, which includes non-interest bearing deposits, was 2.02%, compared to 1.92% for the trailing quarter.

◦Average loans totaled $19.88 billion, an increase of $311.9 million, or 6.37%, primarily due to strong growth within our total commercial portfolio in the quarter.

◦Average total deposits totaled $20.03 billion compared to $19.23 billion.

Provision for credit losses

◦The provision for credit losses was $5.2 million, compared to $9.3 million. The provision for credit losses in the current quarter consisted of a $7.2 million provision related to loans, partially offset by a $2.0 million recapture of provision related to off-balance sheet credit exposures, compared with a $9.6 million of provision for credit losses on loans, partially offset by a $248,000 recapture of provision related to off-balance sheet credit exposures. The additional provision for credit losses on loans in the current quarter was primarily due to an increase in specific reserves on individually evaluated loans, combined with overall growth in the loan portfolio.

◦Net charge-offs were $2.4 million, compared to $1.9 million, while the ratio of net charge-offs to average loans was 0.05%, compared to 0.04%.

Non-interest income and non-interest expense

◦Total non-interest income was $30.5 million, compared to $32.0 million, a decrease of $1.4 million. The decrease was primarily driven by a $2.0 million decrease in fee income, a $1.4 million decrease in other income, and a $935,000 decrease in insurance agency income, partially offset by a $2.7 million increase in BOLI income. The decrease in fee income was primarily related to decreases in loan related fee income and deposit fee income. The decrease in other income was primarily related to decreases in other securities and swap-related fee income, while the decrease in insurance agency income was mainly due to normal seasonality of business activity in the current quarter. The increase in BOLI income was primarily related to an increase in benefit claims.

◦Total non-interest expense was $140.7 million, compared to $119.3 million, an increase of $21.4 million. The increase was mainly due to a $17.5 million loss related to the extinguishment of subordinated debt, a $2.2 million increase related to costs associated with our successful core system conversion, and a $1.0 million increase in data processing expense, which was primarily due to an increase in software maintenance expense.

◦The Company’s annualized core non-interest expense as a percentage of average assets(6) totaled 1.84%, compared to 1.85%. The core efficiency ratio (core non-interest expense divided by the sum of net interest income and core non-interest income)(7) was 49.93%, compared to 49.75%.

Income tax expense

◦Income tax expense was $23.5 million with an effective tax rate of 25.3%, compared to $27.9 million with an effective tax rate of 26.3%. The decrease in income tax expense was primarily related to a decrease in pre-tax book income, combined with discrete items related to benefits associated with carry-back tax credits. The effective tax rate change was primarily related to the aforementioned discrete items.

Third quarter of 2026 compared to the third quarter of 2025:

Net interest income

◦Net interest income was $208.0 million, compared to $194.3 million. The increase was primarily due to originations of new loans at current market rates, combined with favorable repricing of deposits.

◦Net interest margin was 3.50%, compared to 3.43%. The yield on interest-earning assets was unchanged at 5.68%, while the cost of interest-bearing liabilities decreased 17 basis points to 2.79%. The cost of total deposits, which includes non-interest bearing deposits, was 2.02%, compared to 2.10%, for the same period last year.

◦Average loans totaled $19.88 billion, an increase of $974.4 million, or 5.15%, primarily due to strong loan growth in the quarter.

◦Average total deposits totaled $20.03 billion, an increase of $1.61 billion, or 8.72%.

Provision for credit losses

◦The provision for credit losses was $5.2 million, compared to $7.0 million. The provision for credit losses in the current quarter consisted of a $7.2 million provision related to loans, partially offset by a $2.0 million recapture of provision related to off-balance sheet credit exposures, compared with a $4.5 million and a $2.5 million provision for credit losses on loans and off-balance sheet credit exposures. The increase in the provision for credit losses was primarily due to an increase in specific reserves on individually evaluated loans, combined with overall growth in the loan portfolio.

◦Net charge-offs were $2.4 million, compared to $5.4 million, while the ratio of net charge-offs to average loans was 0.05%, compared to 0.11%.

Non-interest income and non-interest expense

◦Total non-interest income was $30.5 million, compared to $27.4 million, an increase of $3.1 million. The increase was primarily driven by a $3.8 million increase in BOLI income and an $803,000 increase in insurance agency income, partially offset by a $1.1 million decrease in fee income. The increase in BOLI income was primarily related to an increase in benefit claims, while the increase in insurance agency income was due to an increase in business activity in the current quarter. The decrease in fee income was primarily related to a decrease in loan related fee income.

◦Total non-interest expense was $140.7 million, compared to $113.1 million, an increase of $27.6 million. The increase was primarily driven by a $17.5 million loss related to the extinguishment of subordinated debt, a $4.8 million increase in compensation and benefits expense, partially due to increases in salary expense, combined with increases in employee medical benefits and incentive-based compensation expenses, $3.7 million related to costs associated with our core system conversion, a $1.3 million increase in data processing expense and a $969,000 increase in other non-interest expense, partially offset by a $934,000 decrease in amortization of intangibles primarily due to a scheduled reduction in the rate of core deposit intangible amortization related to the merger with Lakeland Bancorp, Inc. The increase in data processing expense was primarily due to an increase in software maintenance expense, while the increase in other non-interest expense was due to increases in loan collection and business development expenses.

◦The Company’s annualized core non-interest expense as a percentage of average assets(6) totaled 1.84%, compared to 1.83%. The core efficiency ratio (core non-interest expense divided by the sum of net interest income and core non-interest income)(7) was 49.93%, compared to 51.01%.

Income tax expense

◦Income tax expense was $23.5 million, compared to $29.9 million, while the effective tax rate was 25.3%, compared to 29.4%. The decrease in income tax expense was primarily related to a decrease in pre-tax book income, combined with discrete items related to benefits associated with carry-back tax credits. The effective tax rate change was primarily related to the aforementioned discrete items.

About the Company

Provident Financial Services, Inc. is the holding company for Provident Bank, a community-oriented bank offering "Commitment you can count on" since 1839. Provident Bank provides a comprehensive array of financial products and services through its network of branches throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc.

Post Earnings Conference Call

Representatives of the Company will hold a conference call for investors on Thursday, October 29, 2026 at 10:00 a.m. Eastern Time to discuss the Company’s financial results for the quarter ended September 30, 2026. The call may be accessed by dialing 1-833-461-5787 (United States Toll Free) and 1-626-884-3620 (United States Local). Speakers will need to enter meeting ID code (178 464 522) before being met by a live operator. Internet access to the call is also available (listen only) at provident.bank by going to Investor Relations and clicking on "Webcast."

A supplemental 3rd Quarter 2026 results investor presentation is also available on our investor relations website under “Presentations.”

Forward Looking Statements

Certain statements contained herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” "project," "intend," “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those set forth in Item 1A of the Company's Annual Report on Form 10-K, as supplemented by its Quarterly Reports on Form 10-Q, and those related to the economic environment, particularly in the market areas in which the Company operates, inflation and unemployment, competitive products and pricing, real estate values, fiscal and monetary policies of the U.S. Government, tariffs, changes in accounting policies and practices that may be adopted by the regulatory agencies and the accounting standards setters, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, potential goodwill impairment, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity.

The Company cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date they are made. The Company advises readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not assume any duty, and does not undertake, to update any forward-looking statements to reflect events or circumstances after the date of this statement.

Non-GAAP Financial Measures

(1) Core net income, pre-provision, net-revenue annualized core return on average assets, annualized return on average tangible equity, tangible common equity capital ratio, tangible book value per share, annualized core non-interest expense as a percentage

of average assets and the core efficiency ratio are non-GAAP financial measures. Please refer to the Notes following the Consolidated Financial Highlights which contain the reconciliation of GAAP to non-GAAP financial measures and the associated calculations.

PROVIDENT FINANCIAL SERVICES, INC. AND SUBSIDIARY

Consolidated Statements of Financial Condition

September 30, 2026 (Unaudited) and December 31, 2025

(Dollars in Thousands)

Assets September 30, 2026 December 31, 2025

Cash and cash equivalents $ 266,002 $ 211,484

Available for sale debt securities, at fair value 3,284,350 3,164,756

Held to maturity debt securities, (net of $22,000 allowance as of September 30, 2026 (unaudited) and $16,000 allowance as of December 31, 2025)

257,084 282,127

Equity securities, at fair value 19,706 19,875

Federal Home Loan Bank stock 128,937 115,687

Loans held for sale 5,632 14,710

Loans held for investment 20,170,070 19,504,061

Less allowance for credit losses 189,469 184,767

Net loans 19,986,233 19,334,004

Foreclosed assets, net 963 2,015

Banking premises and equipment, net 115,748 113,328

Accrued interest receivable 102,095 95,798

Intangible assets 756,453 782,152

Bank-owned life insurance 405,423 414,371

Other assets 524,465 445,113

Total assets $ 25,847,459 $ 24,980,710

Liabilities and Stockholders' Equity

Deposits:

Demand deposits $ 15,130,297 $ 14,402,148

Savings deposits 1,451,633 1,589,259

Certificates of deposit 3,224,905 3,287,276

Total deposits 19,806,835 19,278,683

Mortgage escrow deposits 45,824 40,253

Borrowed funds 2,390,788 2,111,955

Subordinated debentures 429,464 406,582

Other liabilities 310,057 310,025

Total liabilities 22,982,968 22,147,498

Stockholders' equity:

Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued — —

Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,420,025 shares outstanding as of September 30, 2026 and 130,619,949 outstanding as of December 31, 2025 1,376 1,376

Additional paid-in capital 1,852,824 1,844,949

Retained earnings 1,288,062 1,154,364

Accumulated other comprehensive loss (174,940) (76,183)

Treasury stock (102,831) (91,294)

Total stockholders' equity 2,864,491 2,833,212

Total liabilities and stockholders' equity $ 25,847,459 $ 24,980,710

PROVIDENT FINANCIAL SERVICES, INC. AND SUBSIDIARY

Consolidated Statements of Income

Three months ended September 30, 2026, June 30, 2026 and September 30, 2025, and nine months ended September 30, 2026 and 2025 (Unaudited)

(Dollars in Thousands, except per share data)

Three Months Ended Nine Months Ended

September 30, June 30, September 30, September 30, September 30,

2026 2026 2025 2026 2025

Interest and dividend income:

Real estate secured loans $ 203,496 $ 195,381 $ 197,252 $ 590,380 $ 577,097

Commercial loans 84,026 82,757 81,943 244,685 236,616

Consumer loans 10,074 9,953 10,847 29,927 31,470

Available for sale debt securities, equity securities and Federal Home Loan Bank stock 38,202 35,975 33,578 107,460 94,666

Held to maturity debt securities 1,737 1,778 1,897 5,309 5,859

Deposits, federal funds sold and other short-term investments 736 751 764 2,173 2,227

Total interest income 338,271 326,595 326,281 979,934 947,935

Interest expense:

Deposits 101,856 91,803 102,094 285,595 295,771

Borrowed funds 19,303 23,730 21,307 64,044 63,555

Subordinated debt 9,104 8,382 8,548 25,862 25,455

Total interest expense 130,263 123,915 131,949 375,501 384,781

Net interest income 208,008 202,680 194,332 604,433 563,154

Provision for credit losses 5,240 9,334 7,044 12,458 4,794

Net interest income after provision for credit losses 202,768 193,346 187,288 591,975 558,360

Non-interest income:

Fees 10,286 12,259 11,336 33,009 31,727

Wealth management income 7,825 7,517 7,349 22,745 21,625

Insurance agency income 4,737 5,672 3,934 17,392 14,732

Bank-owned life insurance 6,479 3,798 2,662 14,311 7,340

Net gain (loss) on securities transactions 87 (309) 67 (222) 153

Gain on sale of SBA loans 450 945 512 2,139 1,822

Other income 662 2,091 1,559 4,579 4,125

Total non-interest income 30,526 31,973 27,419 93,953 81,524

Non-interest expense:

Compensation and employee benefits 67,958 67,289 63,202 201,443 188,817

Net occupancy expense 13,160 12,464 12,773 40,609 39,711

Data processing expense 10,369 9,388 9,102 29,403 28,305

FDIC Insurance 3,155 3,155 3,418 9,150 10,144

Amortization of intangibles 8,563 8,559 9,497 25,685 28,496

Advertising and promotion expense 1,885 1,513 1,640 4,336 4,124

Core systems conversion expense 3,661 1,508 — 5,169 —

Loss on extinguishment of debt 17,501 — — 17,501 —

Other operating expenses 14,429 15,382 13,460 43,786 44,376

Total non-interest expense 140,681 119,258 113,092 377,082 343,973

Net income before income tax expense 92,613 106,061 101,615 308,846 295,911

Income tax expense 23,454 27,914 29,895 82,122 88,182

Net income $ 69,159 $ 78,147 $ 71,720 $ 226,724 $ 207,729

Basic earnings per share $ 0.53 $ 0.60 $ 0.55 $ 1.74 $ 1.59

Average basic shares outstanding 130,389,735 130,330,787 130,506,517 130,410,584 130,439,534

Diluted earnings per share $ 0.53 $ 0.60 $ 0.55 $ 1.74 $ 1.59

Average diluted shares outstanding 130,417,843 130,388,396 130,553,819 130,464,809 130,479,443

PROVIDENT FINANCIAL SERVICES, INC. AND SUBSIDIARY

Net Interest Margin Analysis

Quarterly Average Balances

(Dollars in Thousands) (Unaudited)

September 30, 2026 June 30, 2026 September 30, 2025

Average Balance Interest Average

Yield/Cost Average Balance Interest Average

Yield/Cost

Interest-Earning Assets:

Deposits $ 77,799 $ 736 3.72 % $ 73,162 $ 751 4.09 % $ 79,471 $ 764 3.82 %

Available for sale debt securities 3,329,680 35,888 4.31 % 3,272,868 33,637 4.11 % 3,070,080 30,952 4.03 %

Held to maturity debt securities, net (1)

257,990 1,737 2.69 % 266,727 1,778 2.67 % 299,506 1,897 2.53 %

Equity securities, at fair value 20,027 126 2.52 % 19,986 123 2.46 % 19,457 120 2.47 %

Total securities 3,607,697 37,751 4.18 % 3,559,581 35,538 3.99 % 3,389,043 32,969 3.89 %

Federal Home Loan Bank stock 108,706 2,188 7.87 % 132,390 2,215 6.62 % 116,788 2,506 8.58 %

Net loans: (2)

Total mortgage loans 13,843,143 203,496 5.84 % 13,636,285 195,381 5.75 % 13,390,032 197,252 5.85 %

Total commercial loans 5,433,585 84,026 6.14 % 5,327,395 82,757 6.23 % 4,908,131 81,943 6.63 %

Total consumer loans 604,410 10,074 6.61 % 605,579 9,953 6.59 % 608,600 10,847 7.07 %

Total net loans 19,881,138 297,596 5.94 % 19,569,259 288,091 5.90 % 18,906,763 290,042 6.09 %

Total interest-earning assets $ 23,675,340 $ 338,271 5.68 % $ 23,334,392 $ 326,595 5.61 % $ 22,492,065 $ 326,281 5.76 %

Non-Interest Earning Assets:

Cash and due from banks 151,192 162,746 154,859

Other assets 1,819,515 1,800,478 1,871,366

Total assets $ 25,646,047 $ 25,297,616 $ 24,518,290

Interest-Bearing Liabilities:

Demand deposits $ 11,338,331 $ 72,205 2.53 % $ 10,674,922 $ 63,736 2.39 % $ 10,280,314 $ 70,584 2.72 %

Savings deposits 1,532,983 791 0.20 % 1,599,622 814 0.20 % 1,596,072 896 0.22 %

Time deposits 3,303,541 28,860 3.47 % 3,236,519 27,253 3.38 % 3,287,241 30,614 3.69 %

Total deposits 16,174,855 101,856 2.50 % 15,511,063 91,803 2.37 % 15,163,627 102,094 2.67 %

Borrowed funds 1,911,917 19,303 4.01 % 2,435,404 23,730 3.91 % 2,136,111 21,307 3.96 %

Subordinated debentures 448,066 9,104 8.06 % 408,260 8,382 8.23 % 404,548 8,548 8.38 %

Total interest-bearing liabilities 18,534,838 130,263 2.79 % 18,354,727 123,915 2.71 % 17,704,286 131,949 2.96 %

Non-Interest Bearing Liabilities:

Non-interest bearing deposits 3,850,952 3,716,104 3,725,645

Other non-interest bearing liabilities 337,171 329,223 349,945

Total non-interest bearing liabilities 4,188,123 4,045,327 4,075,590

Total liabilities 22,722,961 22,400,054 21,779,876

Stockholders' equity 2,923,086 2,897,562 2,738,414

Total liabilities and stockholders' equity $ 25,646,047 $ 25,297,616 $ 24,518,290

Net interest income $ 208,008 $ 202,680 $ 194,332

Net interest rate spread 2.89 % 2.90 % 2.80 %

Net interest-earning assets $ 5,140,502 $ 4,979,665 $ 4,787,779

Net interest margin (3)

3.50 % 3.48 % 3.43 %

Ratio of interest-earning assets to total interest-bearing liabilities 1.28x 1.27x 1.27x

(1) Average outstanding balance amounts shown are amortized cost, net of allowance for credit losses.

(2) Average outstanding balances are net of the allowance for loan losses, deferred loan fees and expenses, loan premiums and discounts and include non-accrual loans.

(3) Annualized net interest income divided by average interest-earning assets.

The following table summarizes the quarterly net interest margin for the previous five quarters.

9/30/26 6/30/26 3/31/26 12/31/25 9/30/25

3rd Qtr. 2nd Qtr. 1st Qtr. 4th Qtr. 3rd Qtr.

Interest-Earning Assets:

Securities 4.18 % 3.99 % 3.80 % 3.87 % 3.89 %

Net loans 5.94 % 5.90 % 5.85 % 5.98 % 6.09 %

Total interest-earning assets 5.68 % 5.61 % 5.53 % 5.66 % 5.76 %

Interest-Bearing Liabilities:

Deposits 2.50 % 2.37 % 2.39 % 2.60 % 2.67 %

Borrowings 4.01 % 3.91 % 3.90 % 3.94 % 3.96 %

Total interest-bearing liabilities 2.79 % 2.71 % 2.71 % 2.83 % 2.96 %

Interest rate spread 2.89 % 2.90 % 2.82 % 2.83 % 2.80 %

Net interest margin 3.50 % 3.48 % 3.40 % 3.44 % 3.43 %

Ratio of interest-earning assets to interest-bearing liabilities 1.28x 1.27x 1.27x 1.28x 1.27x

PROVIDENT FINANCIAL SERVICES, INC. AND SUBSIDIARY

Net Interest Margin Analysis

Average Year to Date Balances

(Dollars in Thousands) (Unaudited)

September 30, 2026 September 30, 2025

Average Average Average Average

Balance Interest Yield/Cost Balance Interest Yield/Cost

Interest-Earning Assets:

Deposits $ 75,855 $ 2,173 3.83 % $ 78,434 $ 2,227 4.21 %

Available for sale debt securities 3,273,782 100,983 4.11 % 2,952,923 87,530 3.95 %

Held to maturity debt securities, net (1)

266,129 5,309 2.66 % 311,507 5,859 2.51 %

Equity securities, at fair value 20,001 370 2.46 % 19,294 469 3.24 %

Total securities 3,559,912 106,662 3.99 % 3,283,724 93,858 3.81 %

Federal Home Loan Bank stock 120,422 6,107 6.76 % 119,503 6,667 7.48 %

Net loans: (2)

Total mortgage loans 13,691,826 590,380 5.76 % 13,362,561 577,097 5.77 %

Total commercial loans 5,306,577 244,685 6.16 % 4,803,599 236,616 6.59 %

Total consumer loans 605,173 29,927 6.61 % 609,979 31,470 6.90 %

Total net loans 19,603,576 864,992 5.90 % 18,776,139 845,183 6.02 %

Total interest-earning assets $ 23,359,765 $ 979,934 5.61 % $ 22,257,800 $ 947,935 5.69 %

Non-Interest Earning Assets:

Cash and due from banks 161,604 146,568

Other assets 1,804,260 1,908,122

Total assets $ 25,325,629 $ 24,312,490

Interest-Bearing Liabilities:

Demand deposits $ 10,926,221 $ 199,300 2.44 % $ 10,084,036 $ 200,819 2.66 %

Savings deposits 1,579,450 2,444 0.21 % 1,641,821 2,720 0.22 %

Time deposits 3,257,273 83,851 3.44 % 3,228,399 92,232 3.82 %

Total deposits 15,762,944 285,595 2.42 % 14,954,256 295,771 2.64 %

Borrowed funds 2,176,348 64,044 3.93 % 2,182,319 63,555 3.89 %

Subordinated debentures 421,265 25,862 8.21 % 403,299 25,455 8.44 %

Total interest-bearing liabilities $ 18,360,557 $ 375,501 2.73 % $ 17,539,874 $ 384,781 2.93 %

Non-Interest Bearing Liabilities:

Non-interest bearing deposits 3,737,976 3,715,008

Other non-interest bearing liabilities 328,993 370,224

Total non-interest bearing liabilities 4,066,969 4,085,232

Total liabilities 22,427,526 21,625,106

Stockholders' equity 2,898,103 2,687,384

Total liabilities and stockholders' equity $ 25,325,629 $ 24,312,490

Net interest income $ 604,433 $ 563,154

Net interest rate spread 2.88 % 2.76 %

Net interest-earning assets $ 4,999,208 $ 4,717,926

Net interest margin (3)

3.46 % 3.38 %

Ratio of interest-earning assets to total interest-bearing liabilities 1.27x 1.27x

(1) Average outstanding balance amounts shown are amortized cost, net of allowance for credit losses.

(2) Average outstanding balances are net of the allowance for loan losses, deferred loan fees and expenses, loan premiums and discounts and include loans held for sale and non-accrual loans.

(3) Annualized net interest income divided by average interest-earning assets.

The following table summarizes the year-to-date net interest margin for the previous three years.

Nine Months Ended

September 30, 2026 September 30, 2025 September 30, 2024

Interest-Earning Assets:

Securities 3.99 % 3.81 % 3.10 %

Net loans 5.90 % 6.02 % 5.99 %

Total interest-earning assets 5.61 % 5.69 % 5.61 %

Interest-Bearing Liabilities:

Deposits 2.42 % 2.64 % 2.84 %

Borrowings 3.93 % 3.89 % 3.73 %

Total interest-bearing liabilities 2.73 % 2.93 % 3.06 %

Interest rate spread 2.88 % 2.76 % 2.55 %

Net interest margin 3.46 % 3.38 % 3.18 %

Ratio of interest-earning assets to interest-bearing liabilities 1.27x 1.27x 1.26x

Notes and Reconciliation of GAAP and Non-GAAP Financial Measures

(Dollars in Thousands, except share data)

The Company has presented the following non-GAAP (U.S. Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its condensed consolidated financial statements in their entirety.

(1) Core Net Income

Three months Ended Nine months Ended

September 30, September 30,

2026 2026

Net interest income $ 208,008 $ 604,433

Provision for loan losses 5,240 12,458

Net interest income after provision for loan losses $ 202,768 $ 591,975

Non-interest income 30,526 93,953

Non-interest expense $ 140,681 $ 377,082

Loss on extinguishment of debt 17,501 17,501

Executive severance expense — 864

Core system conversion expense 3,661 5,169

Restructuring expenses 465 465

Core non-interest expense $ 119,054 $ 353,083

Income taxes 23,454 82,122

Income tax of non-core items 6,508 7,221

Core net income $ 84,278 $ 243,502

Avg. diluted shares outstanding for the 3 and 9 months ended September 30, 2026 130,417,843 130,464,809

Core diluted earnings per share $ 0.65 $ 1.87

(2) Annualized core pre-provision net revenue ("PPNR") returns on average assets, average equity and average tangible equity

Three Months Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Net income $ 69,159 $ 78,147 $ 79,417 $ 83,431 $ 71,720

Adjustments to net income:

Provision for credit losses 5,240 9,334 (2,116) (1,213) 7,044

Loss on extinguishment of debt 17,501 — — — —

Executive severance expense — 864 — — —

Core system conversion expense 3,661 1,508 — — —

Restructuring expenses 465 — — — —

Income tax expense 23,454 27,914 30,754 28,814 29,895

Core PPNR $ 119,480 $ 117,767 $ 108,055 $ 111,032 $ 108,659

Annualized core PPNR income $ 474,024 $ 472,362 $ 438,223 $ 440,507 $ 431,093

Add.: Amortization of Intangibles $ 8,563 $ 8,559 $ 8,563 $ 8,578 $ 9,497

Annualized Amortization of Intangibles $ 33,973 $ 34,330 $ 34,728 $ 34,032 $ 37,678

Annualized Core PPNR earnings incl amortization of intangibles $ 507,997 $ 506,692 $ 472,951 $ 474,540 $ 468,771

Core diluted earnings per share $ 130,417,843 $ 130,388,396 $ 130,588,635 $ 130,589,271 $ 130,553,819

Core PPNR Diluted EPS $ 0.92 $ 0.90 $ 0.83 $ 0.85 $ 0.83

Average assets $ 25,646,047 $ 25,297,616 $ 25,026,414 $ 24,775,214 $ 24,518,290

Average equity $ 2,923,086 $ 2,897,562 $ 2,873,113 $ 2,810,166 $ 2,738,414

Average tangible equity $ 2,160,972 $ 2,126,989 $ 2,093,975 $ 2,022,451 $ 1,941,625

Annualized core PPNR return on average assets 1.85 % 1.87 % 1.75 % 1.78 % 1.76 %

Annualized core PPNR return on average equity 16.22 % 16.30 % 15.25 % 15.68 % 15.74 %

Annualized core PPNR return on average tangible equity 23.51 % 23.82 % 22.59 % 23.46 % 24.14 %

(3) Annualized Core Return on Average Assets, Average Equity and Average Tangible Equity

For the Quarter Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Net Income $ 69,159 $ 78,147 79,417 83,431 $ 71,720

Loss on extinguishment of debt 17,501 — — — —

Executive severance expense — 864 — — —

Core system conversion expense 3,661 1,508 — — —

Restructuring expenses 465 — — — —

Less: income tax expense (6,508) (714) — — —

Annualized core net income $ 84,278 79,805 79,417 83,431 71,720

Plus: Amortization of Intangibles (net of tax) 5,986 5,984 5,986 5,997 6,639

Annualized core net income for annualized core return on average tangible equity $ 90,264 $ 85,789 $ 85,403 $ 89,428 $ 78,359

Average assets $ 25,646,047 $ 25,297,616 $ 25,026,414 $ 24,775,214 $ 24,518,290

Average equity $ 2,923,086 $ 2,897,562 $ 2,873,113 $ 2,810,166 $ 2,738,414

Average tangible equity $ 2,160,972 $ 2,126,989 $ 2,093,975 $ 2,022,451 $ 1,941,625

Annualized Core Return on Average Assets 1.30 % 1.27 % 1.29 % 1.34 % 1.16 %

Annualized Core Return on Average Equity 11.44 % 11.05 % 11.21 % 11.78 % 10.39 %

Annualized Core Return on Average Tangible Equity 16.57 % 16.18 % 16.54 % 17.54 % 16.01 %

(4) Tangible Common Equity Ratio, Book and Tangible Book Value per Share

Three Months Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Total assets $ 25,847,459 $ 25,663,358 $ 25,201,690 $ 24,980,710 $ 24,832,763

Less: total intangible assets 756,453 765,019 773,585 782,152 790,729

Total tangible assets $ 25,091,006 $24,898,339 $24,428,105 $24,198,558 $24,042,034

Total stockholders' equity $ 2,864,491 $ 2,906,985 $ 2,862,869 $ 2,833,212 $ 2,767,035

Less: total intangible assets 756,453 765,019 773,585 782,152 790,729

Total tangible stockholders' equity $ 2,108,038 $ 2,141,966 $ 2,089,284 $ 2,051,060 $ 1,976,306

Tangible common equity ratio 8.40 % 8.60 % 8.55 % 8.48 % 8.22 %

Shares outstanding 130,420,025 $ 130,423,051 $ 130,311,796 $ 130,619,949 $ 130,621,757

Book value per share (total stockholders' equity/shares outstanding) $ 21.96 $ 22.29 $ 21.97 $ 21.69 $ 21.18

Tangible book value per share (total tangible stockholders' equity/shares outstanding) $ 16.16 $ 16.42 $ 16.03 $ 15.70 $ 15.13

(5) Annualized Return on Average Tangible Equity

Three Months Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Total average stockholders' equity $ 2,923,086 $ 2,897,562 $ 2,873,113 $ 2,810,166 $ 2,738,414

Less: total average intangible assets 762,114 770,573 779,138 787,715 796,789

Total average tangible stockholders' equity $ 2,160,972 $ 2,126,989 $ 2,093,975 $ 2,022,451 $ 1,941,625

Net income $ 69,159 $ 78,147 $ 79,417 $ 83,431 $ 71,720

Plus: Amortization of Intangibles, net of tax 5,986 $ 5,984 $ 5,986 $ 5,997 $ 6,639

Total net income $ 75,145 $ 84,131 $ 85,403 $ 89,428 $ 78,359

Annualized return on average tangible equity (net income/total average tangible stockholders' equity) 13.80 % 15.87 % 16.54 % 17.54 % 16.01 %

(6) Annualized Core Non-Interest Expense to Average Assets

Three Months Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Reported non-interest expense $ 140,681 $ 119,258 $ 117,141 $ 114,690 $ 113,092

Adjustments to non-interest expense:

Loss on extinguishment of debt 17,501 — — — —

Executive severance expense — 864 — — —

Core system conversion expense 3,661 1,508 — — —

Restructuring expenses 465 — — — —

Core non-interest expense $ 119,054 $ 116,886 $ 117,141 $ 114,690 $ 113,092

Annualized core non-interest expense $ 472,334 $ 468,828 $ 475,072 $ 455,020 $ 448,680

Average assets $ 25,646,047 $ 25,297,616 $ 25,026,414 $ 24,775,214 $ 24,518,290

Annualized core non-interest expense/average assets 1.84 % 1.85 % 1.90 % 1.84 % 1.83 %

(7) Core Efficiency Ratio Calculation

Three Months Ended

September 30, June 30, March 31, December 31, September 30,

2026 2026 2026 2025 2025

Net interest income $ 208,008 $ 202,680 $ 193,743 $ 197,411 $ 194,332

Reported non-interest income 30,526 31,973 31,453 28,311 27,419

Adjustments to non-interest income:

Net (gain) loss on securities transactions (87) 309 — (690) (67)

Core non-interest income 30,439 32,282 31,453 27,621 27,352

Total core income $ 238,447 234,962 225,196 225,032 221,684

Core non-interest expense $ 119,054 116,886 117,141 114,690 113,092

Core Efficiency ratio (core non-interest expense/core income) 49.93 % 49.75 % 52.02 % 50.97 % 51.01 %

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Oct. 28, 2026

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Entity Registrant Name

PROVIDENT FINANCIAL SERVICES, INC.

Entity Incorporation, State or Country Code

Entity File Number

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Entity Tax Identification Number

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Area code of city

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No definition available.

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- Definition

Cover page.

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No definition available.

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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No definition available.

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xbrli:dateItemType

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Period Type:

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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Name:

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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No definition available.

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- Definition

Name of the City or Town

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No definition available.

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- Definition

Code for the postal or zip code

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No definition available.

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- Definition

Name of the state or province.

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No definition available.

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Name:

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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Name:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Name:

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Namespace Prefix:

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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Data Type:

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Namespace Prefix:

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Data Type:

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Balance Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Data Type:

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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