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Provident Financial Services declares $0.24 quarterly dividend

Published 25/07/2025, 05:48
Provident Financial Services declares $0.24 quarterly dividend
PFS
-0.60%

ISELIN, N.J. - Provident Financial Services, Inc. (NYSE:PFS) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share.

The dividend will be payable on August 29, 2025, to stockholders of record as of the close of business on August 15, 2025, according to a press release issued by the company.

Provident Financial Services is the holding company for Provident Bank, which has been operating since 1839. The bank provides financial products and services through its branch network across New Jersey and in several counties in Pennsylvania, including Bucks, Lehigh, and Northampton. The bank also maintains branches in Orange, Queens, and Nassau Counties in New York.

In addition to its banking operations, the company offers fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and provides insurance services via another wholly owned subsidiary, Provident Protection Plus, Inc.

The announcement comes as part of the company’s regular quarterly dividend schedule.

In other recent news, Provident Financial Services Inc. reported robust financial results for the second quarter of 2025, exceeding analysts’ expectations. The company achieved earnings per share of $0.55, surpassing the projected $0.50, which represents a 10% surprise. Revenue also exceeded forecasts, reaching $214.17 million compared to the anticipated $213.59 million. These positive financial metrics highlight Provident Financial Services’ strong performance in the recent quarter. The results underscore the company’s ability to deliver beyond market predictions. Despite the impressive earnings and revenue figures, Provident’s stock experienced a slight decrease in pre-market trading. The developments reflect a positive trajectory in the company’s financial health, as indicated by the recent earnings call.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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