Provident Financial Services (PFS) investor relations material

Executive summary

• Adjusted core net income was $84.3M, or $0.65 per diluted share; core ROAA was 1.30% and core ROATCE was 16.57%.

• Revenue reached $238.4M on an adjusted basis, with record net interest income of $208.0M and core PPNR of $119.5M, up 10.0% YoY.

• Commercial loan and deposit balances grew, the core conversion was completed, and net charge-offs remained low.

Financial highlights

• Reported net income was $69.2M, or $0.53 per diluted share; adjusted core net income was $84.3M, or $0.65 per share.

• Adjusted revenue was $238.4M, excluding an $87K securities-sale loss; net interest income was $208.0M and non-interest income was $30.4M.

• Core PPNR was $119.5M, up $10.8M, or 10.0%, YoY; core PPNR ROAA was 1.85%.

• Reported results included a $17.5M debt-extinguishment loss, $3.7M of core conversion costs and $465K of early lease termination costs.

• Total assets were $25.85B, loans held for investment were $20.17B and deposits were $19.81B at Sept. 30, 2026.

Outlook and guidance

• FY 2026 loan and deposit growth guidance remained 5%-6%; management projected 5%-6% loan growth next year, subject to credit standards and market dynamics.

• Q4 reported NIM guidance was 3.45%-3.50%, with 1-2 bps of core NIM expansion expected; the rate model assumes one Fed rate increase in Dec. 2026.

• Q4 core operating expense guidance was $118M-$120M, including ~$1M of final conversion costs; FY core expense was expected near $474M, with 3.5%-3.75% growth into 2027.

• Q4 non-interest income guidance was $29M; the full-year effective tax rate was expected near 28%.

• Core ROA target remained 1.2%-1.3%, with mid-teens return on average tangible common equity; 2026 charge-off ratio guidance was 5-10 bps.