PFS news

Provident Financial Services reported strong third-quarter earnings with record revenues and expanding core profitability, driven by growth in its spread and fee-based businesses.

Providence Financial reported strong core financial figures, including a 1.85% ROAA, and indicated core diluted earnings per share of $0.65 for the third quarter of 2026. The company emphasizes its premier banking franchise, strong capital, and integrated acquisition performance.

Porsche Motors Finance LLC entered definitive agreements to sell $911M in asset-backed notes to finance auto loans, closing September 30, 2026.

Peoples Financial Services Corp. amended a supplemental executive retirement plan for Thomas P. Tulaney to convert annual payments to monthly installments for 20 years and involve annuity contracts.

Provident Financial Services Inc. announced the appointment of former FDIC executive Michael E. Regan to its board of directors, effective July 30, 2026. This leadership change enhances the company's governance and risk management oversight.

Provident Financial Services declared a quarterly cash dividend of $0.24 per common share. As a dividend-paying company, this statement signals continued capital return to shareholders.

Provident Financial Services Inc. reported Q2 2026 highlights, including total assets of $25.7B, total loans of $20.0B, and a PPNN ROAA of 1.87%. The press release includes a standard forward-looking statement disclaimer.

Provident Financial Services reported record net interest income and core profitability for Q2 2026. The bank experienced a $17 per share EPS year-over-year increase and significantly improved its risk-adjusted returns.

Adriano Duarte has been promoted to CFO effective July 1, 2026. This internal transition is expected to bolster financial strategy and support continued growth for the New Jersey-based institution.

Porsche Innovative Lease Owner Trust 2026-1 filed a prospectus on June 4, 2026 for $144 million in Class A-1 Asset Backed Notes backed by a pool of vehicle leases. This securitization offering reflects Porsche Financial Services' strategy to fund its lease portfolio through capital markets.

Provident Bank appointed seasoned wealth management executive Annamaria Vitelli as Executive Vice President and Chief Wealth Officer, effective immediately. The move strengthens the bank's wealth management division and integrated business strategy under new leadership.

Provident Financial Services amended and restated its Executive Chairman Agreement with Christopher Martin, extending his tenure through May 21, 2028. The agreement outlines his duties as Executive Chairman and employee, with provisions for Director Emeritus status upon service termination.