Provident Financial Services delivered strong Q3 performance with net earnings of $72 million or $0.55 per share, reflecting robust growth in both loans and deposits alongside increased operational efficiency.

• Record pretax pre-provision earnings reached $109 million, marking a 9% increase quarter-over-quarter.
• Deposits surged by $388 million, driven primarily by a 7.5% increase in core deposits.
• Commercial loan production totaled $742 million, contributing to a 5% annualized growth in the loan portfolio.
• Noninterest income grew by 6.1% year-over-year, bolstered by the success of Provident Protection Plus and Beacon Trust.
• A quarterly cash dividend of $0.24 per share was approved, reinforcing a secure capital position that exceeds well-capitalized requirements.