UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported) - April 26, 2006
                                                           --------------

                        PENNFED FINANCIAL SERVICES, INC.
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             (Exact name of Registrant as specified in its charter)


             Maryland                  0-24040                   22-3297339
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(State or other jurisdiction of      (Commission              (I.R.S. Employer
 incorporation or organization)      File Number)         Identification Number)


622 Eagle Rock Avenue, West Orange, New Jersey                   07052-2989
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(Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code:  (973) 669-7366
                                                    ----------------------------


                                       N/A
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          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[_]   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[_]   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

[_]   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 2.02.  Results of Operations and Financial Condition

      On April 26, 2006, PennFed Financial Services, Inc. (the Company) issued
the press release attached hereto as Exhibit 99.1 announcing its third quarter
earnings.

      The press release includes non-GAAP  financial  measures which exclude the
effects of a prepayment  premium received on a commercial loan, the payment of a
penalty associated with the prepayment of certain advances from the Federal Home
Loan Bank of New York, the  acceleration of  depreciation  on branch  automation
software,  an increase  in the  Company's  obligation  under  certain  long-term
benefit plans, and additional Sarbanes Oxley compliance costs.

      Management  uses these  non-GAAP  financial  measures  because it believes
these  measures  facilitate  comparisons of the Company's  historical  financial
results.

      These  non-GAAP  financial  measures are not prepared in  accordance  with
generally  accepted  accounting  principles  and may be different  from non-GAAP
financial  measures used by other companies.  Non-GAAP financial measures should
not be  considered  as a substitute  for, or superior to,  measures of financial
performance prepared in accordance with GAAP.




<PAGE>


                                   SIGNATURES
                                   ----------


      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                             PENNFED FINANCIAL SERVICES, INC.



Date: April 27, 2006                         By: /s/ Joseph L. LaMonica
                                                 ----------------------------
                                                 Joseph L. LaMonica
                                                 President and Chief
                                                 Executive Officer