Provident Financial Services schedules Q3FY26 earnings call for Oct 29

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Results release scheduled for October 28, 2026
  • Conference call set for October 29, 2026 at 10:00 am ET
  • Company reported $25.66 billion in assets as of June 30, 2026
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Provident Financial Services, Inc. announced it will release financial results for the quarter ended September 30, 2026, on Wednesday, October 28, 2026, after market close. The company will host a conference call for investors the following day to discuss these third-quarter results.

The earnings release will be available immediately on the company’s website under the Investor Relations section. The conference call is scheduled for October 29, 2026, at 10:00 am (ET). Representatives of the company will participate in the call to address investor questions regarding the recent financial period.

Conference Call Details

Investors can access the live webcast and subsequent replay through the company’s investor relations portal. A one-year archive of the replay will be maintained on the website.

Detail Information
Results Release Date October 28, 2026
Conference Call Date October 29, 2026
Call Time 10:00 am (ET)
Replay Availability From 12:00 noon (ET) on Oct 29, 2026

Company Profile

As of June 30, 2026, the company reported total assets of $25.66 billion. Provident Bank operates a network of full-service branches throughout New Jersey, eastern Pennsylvania, and Orange, Queens, and Nassau Counties in New York. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through Provident Protection Plus, Inc.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might Provident Financial's Q3 2026 net interest margin trends reflect broader regional banking pressures in the Northeast?

What specific guidance will management provide regarding loan growth in the New York and Pennsylvania markets for the remainder of 2026?

Are there anticipated updates on the integration or performance metrics of Beacon Trust Company within the upcoming earnings call?

Provident Financial Services prices $175m subordinated notes

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Provident Financial Services priced $175 million in 6.50% subordinated notes due 2036
  • Net proceeds will repay $150 million of 2031 notes and $20 million of 2033 junior notes
  • Interest resets to Three-Month Term SOFR plus 239 bps quarterly from September 2031
  • The notes qualify as Tier 2 capital for regulatory purposes
  • Piper Sandler and Keefe, Bruyette & Woods acted as joint book-running managers
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Provident Financial Services, Inc. (NYSE: PFS) priced a registered public offering of $175 million in 6.50% fixed-to-floating rate subordinated notes due 2036. The deal closes on August 24, 2026.

The holding company for Provident Bank intends to use the net proceeds to repay $150 million of its outstanding 2.875% fixed-to-floating rate subordinated notes due 2031 and $20 million of its variable rate junior subordinated notes due 2033. The remaining funds will serve general corporate purposes.

Note Structure and Terms

The notes initially bear interest at 6.50% per annum from August 24, 2026, until September 1, 2031. Interest is payable semiannually in arrears, starting March 1, 2027.

Feature Detail
Coupon Rate 6.50% (fixed to floating)
Maturity Date September 1, 2036
Initial Interest Period Aug 24, 2026 – Sep 1, 2031
Floating Reset Quarterly from Sep 1, 2031
Benchmark Three-Month Term SOFR + 239 bps

From September 1, 2031, the interest rate resets quarterly to a benchmark expected to be Three-Month Term SOFR plus 239 basis points. Interest payments shift to a quarterly schedule in arrears during this floating period.

Redemption and Capital Classification

Provident may redeem the notes in whole or in part on September 1, 2031, or any subsequent interest payment date. The redemption price equals 100% of the principal amount plus accrued and unpaid interest. The notes mature on September 1, 2036, if not earlier redeemed.

The issuance qualifies as Tier 2 capital for regulatory purposes, supporting the bank’s capital adequacy framework.

Underwriting and Management

Piper Sandler and Keefe, Bruyette & Woods, A Stifel Company, acted as joint book-running managers. Performance Trust Capital Partners, LLC served as co-manager for the offering.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the increase in interest expense from the new 6.50% coupon impact Provident Financial's net interest margin compared to the refinanced 2.875% notes?

What does the 239 basis point spread over Term SOFR indicate about investor sentiment toward Provident's credit risk relative to its peers?

Will the extension of debt maturity to 2036 provide sufficient runway for Provident to optimize its capital structure before the next regulatory review cycle?

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