Provident Financial Services INC 8-K filings

Provident Financial Services, Inc. reported increased net income for the fourth quarter of 2024 and full year results impacted by the merger with Lakeland Bancorp.

Provident Financial Services announced its Q4 2024 results, showcasing improved profitability metrics and a growing deposit base, while also providing updates on its pending merger with Lakeland.

Provident Financial Services, Inc. reported a net income of $46.4 million for the third quarter of 2024, a significant improvement compared to the previous quarter's net loss, driven by the recent merger with Lakeland Bancorp.

Provident Financial Services saw significant improvements in key financial metrics in Q3 2024, driven by the full quarter impact of the Lakeland merger.

Provident Financial Services has reached a settlement in a class action lawsuit regarding overdraft fees, agreeing to contribute $1.85 million to a settlement fund.

Provident Financial Services reported a net loss of $11.5 million for the second quarter of 2024, primarily due to merger-related costs with Lakeland Bancorp, while also declaring a quarterly cash dividend.

Provident Financial Services, Inc. reported a significant increase in net interest income and key profitability metrics for the second quarter of 2024, largely due to the acquisition of Lakeland Bank.

Provident Financial Services has extended the contract and change in control agreement for Executive Chairman Christopher Martin until May 16, 2026.

Provident Financial Services, Inc. has finalized its merger with Lakeland Bancorp, Inc., establishing a major super community bank with approximately $24.5 billion in assets.

Provident Financial Services, Inc. successfully closed a $225 million subordinated notes offering, paving the way for its merger with Lakeland Bancorp, Inc. expected on May 15, 2024.

Provident Financial Services, Inc. has increased its subordinated notes offering to $225 million due to strong market demand, with the proceeds intended to satisfy regulatory conditions related to its merger with Lakeland Bancorp.

Provident Financial Services plans to offer $200 million in subordinated notes due 2034 to satisfy regulatory conditions related to its merger with Lakeland Bancorp.

Provident Financial Services, Inc. released an investor presentation detailing its merger with Lakeland Bancorp, Inc., along with financial performance and strategic updates.

Pro forma financial statements for Provident Financial Services and Lakeland Bancorp illustrate the potential combined impact of their merger, including fair value adjustments and cost savings.

Provident Financial Services successfully held its 2024 Annual Meeting, electing four directors and approving executive compensation and a new equity incentive plan.

Provident Financial Services, Inc. announced a net income of $32.1 million for the first quarter of 2024, an increase compared to the previous quarter, and declared a quarterly cash dividend of $0.24 per share.

Provident Financial Services has secured Federal Reserve approval for its merger with Lakeland Bancorp, requiring a $200 million subordinated debt issuance and a capital plan submission.

Provident Financial Services and Lakeland Bancorp have amended their merger agreement to extend the closing deadline to June 30, 2024, and adjust board composition post-merger.

Provident Financial Services has secured crucial regulatory approvals for its merger with Lakeland Bancorp, moving closer to completion pending a $200 million capital raise and final Federal Reserve approval.

Provident Financial Services has ratified the 2024 targets for its Executive Annual Incentive Plan, which will base payouts on company financial performance.

Provident Financial Services showcases its financial strength, strategic acquisitions, and market presence in a new investor presentation.

Provident Financial Services reported decreased net income for both the fourth quarter and full year 2023, impacted by lower net interest income and increased credit loss provisions, while also announcing a merger deadline extension with Lakeland Bancorp.