Provident Financial Q4 revenue beats expectations

Overview

• U.S. financial services firm's Q4 revenue beat analyst expectations

• Net income for Q4 rose significantly compared to the previous year

• Company reported improved asset quality with reduced non-performing loans

Outlook

• Provident Financial expects continued EPS growth and tangible book value compounding in 2026

• Company focuses on strategic initiatives in middle market banking, insurance, and wealth management

• Provident Financial prioritizes organic growth supported by a consistent $2.5 bln loan pipeline

Result Drivers

• REVENUE GROWTH - Record revenue driven by increased net interest income and non-interest income

• STRATEGIC INITIATIVES - Growth in middle market banking, insurance, and wealth management supported profitability

• ASSET QUALITY IMPROVEMENT - Reduction in non-performing loans driven by sale of non-accruing notes

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Provident Financial Services Inc is $23.00, about 10.4% above its January 27 closing price of $20.83

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX33Kgb7

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