Provident Financial Services INC: management transactions · United States · SEC (Form 4)

About Provident Financial Services INC

Provident Financial Services, Inc. (NYSE: PFS) is a US-listed bank holding company headquartered in Iselin, New Jersey, in the United States. The company is the parent of Provident Bank, a long-established community-focused bank founded in Jersey City in 1839. For French-speaking investors in France, Belgium, and Switzerland, PFS should be viewed as a regional banking franchise rather than a capital-markets or universal bank, with a business model built around local relationship banking in the Northeast. Provident operates through a branch network across New Jersey, as well as selected counties in Pennsylvania and New York. Its core earnings engine combines net interest income from lending with fee-based revenue from adjacent financial services. The bank offers a broad range of products and services to consumers, small businesses, and middle-market clients, including deposits, commercial lending, commercial real estate loans, residential mortgages, treasury management, and specialized financing solutions. The group also provides fiduciary and wealth management services through Beacon Trust Company and insurance services through Provident Protection Plus, Inc. This mix is important because it diversifies revenue sources and supports a more balanced earnings profile. In competitive terms, Provident is positioned as a strong community banking franchise in New Jersey, benefiting from brand familiarity, local underwriting knowledge, and relationship-driven service. It competes with other regional banks and larger national institutions, but its advantage lies in proximity to customers and the ability to make local credit and commercial banking decisions. The acquisition of Lakeland Bancorp materially expanded scale, deposit base, and market reach, strengthening Provident’s competitive positioning across the region. Management has recently emphasized record revenue momentum, a robust loan pipeline, and strategic growth priorities in middle-market banking, insurance, and wealth management. Recent developments further reinforce the investment case. In early 2026, the company declared a quarterly cash dividend of $0.24 per share and reported significantly improved full-year 2025 earnings, supported by the full-year impact of the Lakeland merger and stronger revenue generation. Additional 2026 announcements included strategic hires in middle-market lending and asset-based lending, as well as the planned retirement of the long-serving CFO. Overall, Provident Financial Services remains a NYSE-listed regional bank in the United States that is most sensitive to loan growth, deposit pricing, credit quality, and the economic backdrop in the Northeast.