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) - February 9, 2007
                                                          ----------------

                        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 February 9, 2007,  PennFed  Financial  Services,  Inc. (the Company)
issued the press release  attached  hereto as Exhibit 99.1 announcing its second
quarter earnings.

         The press release includes  non-GAAP  financial  measures which exclude
the effects of  merger-related  expenses,  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 and an increase in the Company's
obligation under certain long-term benefit plans.

         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 thereunto duly authorized.



                                            PENNFED FINANCIAL SERVICES, INC.



Date: February 12, 2007                     By:  /s/ Joseph L. LaMonica
                                                --------------------------------
                                                Joseph L. LaMonica
                                                President and Chief
                                                Executive Officer