Provident Financial Services Q2 Revenue Rises 9.7% to $235 Million, Beats Estimates

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Summary · why it matters

Provident Financial Services reported second-quarter revenues of $235 million, up 9.7% year on year and 2.6% above analysts' expectations, as the regional bank posted a narrow beat of net interest income estimates and a beat of EPS estimates. President and Chief Executive Officer Anthony J. Labozzetta said Provident grew earnings per share 17% year-over-year through the first half of 2026, achieved record pre-provision net revenue in the quarter, and saw non-interest income reach nearly 14% of total revenues. The stock is down 7.7% since reporting and currently trades at $22.23. Among the 94 regional bank stocks tracked, revenues as a group beat consensus estimates by 0.6%, while share prices on average are down 6.7% since the latest earnings results. OFG Bancorp reported revenues of $190.3 million, up 4.4% year on year and 3.9% above expectations, with its stock up 1% since reporting at $50.50, while Banc of California reported revenues of $285.7 million, up 4.7% but 3.1% short of expectations, and its stock is down 18.3% at $17.31.

Impact on assets 6

Financials± Mixed · 5 stocks
Banc of California, Inc.
BANC
▼ NegativeCapitalrelevance

Banc of California reported revenues up 4.7% but 3.1% short of expectations, with its stock down 18.3% since reporting.

OFG Bancorp
OFG
▲ PositiveCapitalrelevance

OFG Bancorp reported revenues of $190.3 million, up 4.4% year on year and 3.9% above expectations, with its stock up 1% since reporting.

Others▲ · 1 stocks
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