Provident Financial Services today announced that Thomas M. Lyons, Senior Executive Vice President and Chief Financial Officer, will retire by June 30, 2026, or upon appointment of his successor. Mr. Lyons has served as CFO since 2011 and initially joined the organization through the 2004 merger with First Savings Bank, which brought assets to $6 billion at the time. Under his stewardship, total assets have grown to nearly $25 billion as of September 30, 2025, and the bank now operates more than 140 branches across New Jersey, New York and Pennsylvania. The board has engaged an executive search firm to conduct a nationwide search. Mr. Lyons will remain in his current roles until his successor is in place and then transition to an advisory capacity to ensure continuity. President & CEO Anthony Labozzetta credited him with driving top-tier financial performance and delivering long-term shareholder value.

Seven research firms covering Provident Financial Services have assigned an average rating of “Moderate Buy,” with three buy recommendations, three holds and one strong-buy. In the most recent quarter, the company reported earnings per share of $0.68 on revenue of $114.54 million, achieving a net margin of 18.8% and a return on equity of 9.6%. The board recently declared a quarterly dividend of $0.24 per share, representing an annualized yield of 4.8% and a payout ratio of 49%. Insider activity included a sale of 8,262 shares by the CEO, reducing his stake by 7.1%, while institutional investors collectively own approximately 72% of outstanding shares. Equities analysts project full-year EPS of $2.14, underscoring confidence in the bank’s ability to generate sustainable, profitable growth.