Business Context and Reporting Period
Company: Provident Financial Services, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 26, 2026
Reporting Period: Event-based (January 26, 2026)
This filing reports the authorization of a new stock repurchase program by the Company's Board of Directors.
Key Financial Metrics
This Form 8-K does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing focuses exclusively on corporate actions regarding share repurchases.
Material Changes
- Stock Repurchase Authorization: The Board authorized the Company's tenth stock repurchase program to commence immediately upon the completion of the existing authorization.
- Remaining Shares: The existing authorization has 814,247 shares remaining available for repurchase.
- Total Capacity: Under the combined new and old authorizations, the Company may repurchase up to 2.15% of the number of shares of common stock currently outstanding.
- Execution Method: Repurchases will be conducted via open market purchases, unsolicited negotiated transactions, block trades, or Rule 10b5-1 trading plans.
- Duration: The program has no expiration date and is not limited to a specific time period.
Guidance, Outlook, and Risks
Management Commentary: The Company stated that stock repurchase activity will take into account SEC safe harbor rules and guidance. A press release detailing the program is included as Exhibit 99.1.
Risks and Contingencies: The filing does not disclose specific new risks or contingencies beyond standard regulatory compliance for repurchases.
Investor Verification Checklist
- Verify the exact number of shares currently outstanding to calculate the total dollar value of the 2.15% repurchase capacity.
- Review Exhibit 99.1 (Press Release) for any additional details on pricing or timing not included in the 8-K text.
- Monitor future 8-K filings for actual repurchase activity and volume.
- Confirm the status of the "existing authorization" to determine when the new program officially commences.