Provident Financial Services Appoints Internal EVP Adriano Duarte as New CFO
PFS sits 45% above its 52-week low of $16.12.
Summary
Provident Financial Services announced the appointment of Adriano Duarte, previously Chief Accounting Officer, as its new Executive Vice President and Chief Financial Officer, effective July 1, 2026.
Key Events · Executive and Board Changes · PFS
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New Chief Financial Officer Appointed
Adriano Duarte, currently Executive Vice President and Chief Accounting Officer, has been appointed Executive Vice President and Chief Financial Officer, effective July 1, 2026. He will lead all aspects of the finance organization and serve as a key advisor to the executive leadership team and Board.
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Experienced Internal Promotion
Mr. Duarte joined Provident in 2020 through the acquisition of SB One Bank and previously served as CFO of SB One Bank, bringing over 30 years of banking and financial services experience to his new role.
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Director Retirement
James P. Dunigan retired from the Board of Directors on June 18, 2026, after more than eight years of service.
Analysis · PFS · Finance
The appointment of Adriano Duarte, an experienced internal executive with prior CFO experience at SB One Bank, to Chief Financial Officer signals continuity and confidence in the company's leadership. This move strengthens the finance organization as the company continues its growth strategy. The retirement of a long-serving director is a routine board change.
At the time of this filing, PFS was trading at $23.38 on NYSE in the Finance sector, with a market capitalization of approximately $3B. The 52-week trading range was $16.12 to $23.98. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.