Provident Financial Q2 FY26 net income slips 1.64% to $78.1 million; net interest margin widens 12 bps to 3.48% vs Q2 FY25

CEO Anthony J. Labozzetta cited record PPNR, strong commercial loan production, and non-interest income nearing 14% of total revenues.

Provident Financial Services posted Q2 net income of $78.1 million, or $0.60 a share, up 8.43% from a year earlier.

Core PPNR rose 18.27% year over year to $117.8 million, or $0.90 a share; record net interest income climbed 8.34% to $202.7 million.

Net interest margin widened 12 basis points from a year earlier to 3.48%, while total non-interest income increased 18.09% to $32 million.

Provision for credit losses was $9.3 million versus a recapture a year earlier; net charge-offs were $1.9 million, or .