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Provident Financial Services, Inc. Announces Authorization of New Stock Repurchase Program
ISELIN, N.J., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (the “Company”) today announced that its Board of Directors has authorized the Company’s tenth stock repurchase program, which will begin upon the completion of the existing stock repurchase program, which has 814,247 shares remaining available for repurchase. Under the new authorization, together with the remaining shares available under the existing authorization, the Company may repurchase up to 2.15% of its cu
About this update from Provident Financial Services, Inc
[{"type":"image","alt":"Provident Financial Services, Inc.","displaySize":"","headline":null,"caption":"Provident Financial Services, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":62,"url":"https://media.zenfs.com/en/globenewswire.com/9130de10a3c50c707e9d090afc7afa1e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/va3cF6uqxig0kWKkpp9ZHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/9130de10a3c50c707e9d090afc7afa1e","width":300,"height":62}},"lazy":false},{"type":"text","content":"ISELIN, N.J., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (the “Company”) today announced that its Board of Directors has authorized the Company’s tenth stock repurchase program, which will begin upon the completion of the existing stock repurchase program, which has 814,247 shares remaining available for repurchase.","length":343,"tagName":"p"},{"type":"text","content":"Under the new authorization, together with the remaining shares available under the existing authorization, the Company may repurchase up to 2.15% of its currently outstanding shares of common stock, or approximately 2.81 million shares. Repurchases may be made from time to time through open market purchases, unsolicited negotiated transactions, block trades, or pursuant to any trading plan adopted in accordance with Rule 10b5‑1 of the Securities and Exchange Commission.","length":475,"tagName":"p"},{"type":"text","content":"The repurchase program has no expiration date, and its completion is not subject to a specific timeframe. The timing and amount of any repurchases will be determined based on market conditions, capital levels, regulatory considerations, and other factors that the Company deems appropriate. All activity will be conducted in accordance with applicable SEC safe harbor rules and guidance.","length":387,"tagName":"p"},{"type":"text","content":"“We are confident in our earnings projections and are proud of our balance sheet strength and achievements,” said Anthony J. Labozzetta, President and Chief Executive Officer of Provident Financial Services, Inc. “The Board’s authorization of the repurchase program is a reflection of our sound risk management and capacity to efficiently return capital and add value to our shareholders.”","length":389,"tagName":"p"},{"type":"text","cont...