Provident Financial Services, Inc. (PFS) confirmed that Chief Financial Officer Thomas M. Lyons will retire effective June 30, 2026, or earlier if a successor is named. Lyons will remain in the CFO role until a replacement is appointed and will then serve as Special Advisor to the President and CEO through January 31, 2027, ensuring a smooth transition of financial leadership.
Lyons has steered PFS’s finance function since 2011, guiding the bank through a period of rapid asset growth—from roughly $6 billion at the time of the 2004 First Savings Bank merger to nearly $25 billion as of September 30, 2025. His tenure also overlapped the May 17, 2024 completion of the $1.3 billion Lakeland Bancorp acquisition, which expanded PFS’s footprint to more than 140 branches across New Jersey, New York and Pennsylvania and positioned the bank as a regional super‑community leader.
The retirement comes as PFS continues to execute its post‑merger transformation strategy. Management is focused on diversifying the loan mix and expanding fee‑based businesses to create more stable, non‑interest income streams. The CFO transition is therefore occurring at a critical juncture, and the company’s nationwide search for a successor underscores its commitment to maintaining financial discipline and supporting the integration of Lakeland Bancorp’s operations.
"Tom’s commitment to delivering top‑tier financial performance and creating long‑term shareholder value has been integral to our journey to become the leading super‑community bank in our region," said President and CEO Anthony Labozzetta. Lyons added, "It has been a great privilege to serve as Provident’s Chief Financial Officer for the past 17 years and to work alongside Tony and our talented team of banking professionals."
PFS’s financial profile remains robust: assets total $24.83 billion, revenue for the most recent twelve months reached $836.92 million—up 59.19% year‑over‑year—and net income was $115.53 million. The bank’s net interest margin stood at 3.43%, reflecting a modest improvement driven by higher loan growth and disciplined cost management. These figures illustrate the solid foundation on which the new CFO will build as PFS continues to pursue growth and operational excellence.
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