Provident Financial Services is the holding company for Provident Bank, a New Jersey-chartered savings bank founded in 1839. Following its May 2024 merger with Lakeland Bancorp, Provident operates 141 branches across New Jersey, eastern Pennsylvania, and the New York metro area, with roughly $25B in total assets. The core business is traditional relationship banking: taking deposits from retail and commercial customers and deploying them into a loan portfolio weighted toward commercial real estate (~38% of loans) and C&I lending (~27%). Provident is actively shifting the mix further toward C&I, with specialty verticals in asset-based lending, healthcare lending, mortgage warehouse lending, and SBA lending. The bank earns most of its revenue from net interest income — the spread between loan and investment yields and deposit costs — with a reported NIM of approximately 3.44% in Q4 2025. Core deposits fund ~83% of the balance sheet, keeping funding costs competitive. Beyond lending, Provident generates fee income through Beacon Trust (wealth management, ~$4.2B AUM), Provident Protection Plus (an insurance agency placing property/casualty, life, and health coverage), and core banking fees. Provident's growth strategy centers on middle market banking (targeting companies with $75M–$500M in revenue), treasury management expansion, and organic geographic growth in Long Island, Westchester, and the Philadelphia suburbs, supported by a planned core systems upgrade in 2026.