Provident Financial Services Inc 2025年度报告

BUILDINGFORTHEFUTURE ProvidentFinancialServices,Inc.istheholdingcompanyforProvidentBank.Established in1839,ProvidentBankemphasizes“CommitmentYouCanCountOn"inattendingtothefinancialneeds ofbusinesses,individuals,andfamiliesthroughout New Jersey,easternPennsylvania,and Nassau, Orange and Queens Counties in New York.The Bank offers a broad array ofservices through its whollyowned subsidiary,Beacon Trust Company,and insurance servicesthroughitswholyownedsubsidiary,ProvidentProtectionPlus,Inc Financial Highlights (Inthouands,eeptbranchdata,ersharedata,andercentdata) AMessagefromChristopherMartinandAnthonyLabozzetta DearFellowShareholders, Over the past year, the economic environment continuedto evolve as inflation eased and global markets adjustedto shifting trade dynamics and geopolitical developments.Throughout this period, we delivered strong financial resultswhile continuingto advance our long-term strategic objectives.Our performance reflects the dedication ofourtalented team,disciplined risk management, and robust momentum acrossourcorebusinesslines. These results highlight the growing profitability and financialstrength of the organization and reinforce our commitment tocreating long-term value for our shareholders. ATTRACTING&RETAININGTOPTALENT AtProvident,ourpeopleremainourgreatestassetandcompetitive advantage. The continued success of ourorganization is driven by the dedication,expertise,andcollaborativespiritofourteammembers With a fullyear of combined operations following our mergerwithLakelandBancorp,wecontinuedto strengthen ourfranchise andexpandourcapabilities.Thecombinedorganizationprovidesgreaterscale,deeperexpertise,andabroaderrangeofproductsandservicesforourcustomers,whilecreating operational efficiencies that support sustainablegrowth and long-term profitability. During 2025, we augmented our leadership and operatingteams across several key areas of the bank, includingcommerciallending,wealthmanagement,retailbanking,andacross the organization and position us to execute our growthinitiatives more effectively. Equally important, we stayed true to our guiding principlesand business fundamentals by focusing on building lastingrelationships, supporting our communities, and deliveringdependable financial solutions to our customers. This enduringphilosophy is reflected in our brand promise, CommitmentYou Can Count On." As we continue to grow, these valuesremain central to how we operate and differentiate ourselvesin themarketplace. Ourculture,grounded in collaboration,accountability,andcustomerfocus,continuestoattracthigh-caliberprofessionalswhoshareourcommitmenttorelationship-drivenbankingThe employee experience remains one of our corestrategic pillars. INVESTINGINTECHNOLOGY&INNOVATION As thefinancial services industrycontinuesto evolve,Provident remains focused on ensuring our infrastructureis strengthened to support continued growth, security, andoperational efficiency. FINANCIALHIGHLIGHTS Provident Financial Services delivered strong financialperformance in2025,reflecting the growingstrength andearnings power of our organization. We continue to invest in modernizing our technology platformsand expanding our digital capabilities to deliver a seamlessexperience for customers across all banking channels.Ourstrategy combines a high-tech and high-touch approach,offering convenient digital banking solutions while maintainingthepersonalizedexperienceourcustomersvaluethroughourrelationshipmanagersandbranchnetwork. Forthe year ended December 31,2025, net incometotaled$291.2 million,or $2.23 per diluted share, compared with$115.5 million, or $1.05 per diluted share, in 2024. Totalassets reached $24.98 bilion, including $19.33 billion in netloans and $19.28 billion in deposits,reflectingthe continuedstrength of our franchise and the trust our customers placeinProvidentBank. SUPPORTINGTHECOMMUNITIESWESERVE Artificial intelligence also presentsmeaningful opportunities toenhanceproductivityandefficiency.Wearetakingathoughtfuland measured approach to Al adoption,by leveragingtechnology to automate routine tasks, streamline operations,andsupportbetterdecision-making.Ourgoal istoenhanceour employees'capabilities so they can focus on higher-valueinteractions that deepen relationships and strengthen thecustomerexperience Community engagement remains a defining element ofProvident's identity and a core component of our strategy.Since our founding in 1839, we have remained deeplycommittedtostrengtheningthecommunities weserve. In 2025,Provident Bank and The Provident Bank Foundationlaunched a Crisis Response Fund to support nonprofitorganizationsaddressingfoodinsecurityacrossourfootprint.Through this initiative, Provident provided emergency fundingto organizations delivering essential food access programsthroughout New Jersey,New York, and Pennsyivania. PRUDENTRISKMANAGEMENT At Provident we view disciplined risk management as bothacorecompetencyanda strategic differentiator.Ourapproachis grou