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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
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  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Stonegate Capital Partners Initiates Coverage on Provident Financial Services Inc (PFS)

By: Newsfile

Dallas, Texas--(Newsfile Corp. - September 12, 2025) - Provident Financial Services Inc (NYSE: PFS): Stonegate Capital Partners initiates their coverage on Provident Financial Services Inc (NYSE: PFS). For 2Q25, Provident Financial Services reported net income of $72.0M, up from $64.0M in 1Q25. This equates to basic and diluted EPS of $0.55, compared to $0.49 in 1Q25 and a net loss of $11.5M in 2Q24. The sequential increase was driven by higher net interest income from new loan originations at favorable market rates and improved repricing on adjustable-rate loans, combined with lower non-interest expenses. This was partly offset by higher compensation expenses and lower average low-cost deposits. Management highlighted that this quarter delivered record revenue of $214.2M, supported by both volume growth and margin expansion, while maintaining strong credit quality.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • PFS delivered record revenue of $214.2M, supported by net interest income of $187.1M and non-interest income of $27.1M.
  • Net income rose to $72.0M ($0.55/share), up from $64.0M in 1Q25 and a net loss in 2Q24.
  • Commercial loan balances grew $319.3M in the quarter, while non-performing assets improved to just 0.44% of total assets.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/266279_figure1_550.jpg

Click image above to view full announcement.


About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266279

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