M&A - PROVIDENT FINANCIAL SERVICES INC

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Merger

Type: Update

Accession Number: 000162828025023612

Filing Summary: This quarterly report discusses Provident Financial Services Inc's recent merger agreement with Lakeland Bancorp Inc, indicating that consolidation efforts are progressing, with relevant updates on financial performance including assets and income metrics. The report outlines specific asset classes including common stock, treasury stock, and various liabilities, along with discussions on compliance with GAAP. It also mentions various financial ratios signaling the company's operational health amid the merger process. Furthermore, the document provides insights into non-performing loans and other critical financial indicators which may impact future performance post-merger.

Form Type: 10-K

Filing Date: 2025-02-28

Corporate Action: Merger

Type: Update

Accession Number: 000162828025008991

Filing Summary: Provident Financial Services Inc. has provided their annual report detailing their financial performance for the year ending December 31, 2024. The company is undergoing a merger with Lakeland Bancorp Inc., which was formalized in an agreement disclosed in the filing. The document includes comprehensive financial statements, management's discussion and analysis (MD&A) of financial conditions, and results of operations, emphasizing significant impacts from the merger on revenue, expenses, and overall financial health. It also highlights changes in business strategy as a result of the merger, including potential efficiencies and market expansions. Relevant audit results and compliance with SEC regulations are discussed, alongside key performance metrics and future outlook.