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) - July 28, 2004
                                                           -------------

                         Commission file number 0-24040


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


              Maryland                                        22-3297339
  ------------------------------                           ---------------
 (State or other jurisdiction of                          (I.R.S. Employer
  incorporation or organization)                         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
                                                     -------------







Item 7.  Financial Statements and Exhibits

         (c)  Exhibits

                 Regulation
                 S-K Exhibit
                    Number                              Document
                 -----------                       -------------------
                     99.1                          Press Release dated
                                                     July 28, 2004

Item 12.  Results of Operations and Financial Condition

     On July 28, 2004, PennFed Financial Services, Inc. (the Company) issued the
press release attached hereto as Exhibit 99.1 announcing its fiscal year end
earnings.

     The press release includes non-GAAP financial measures which exclude the
effects of non-recurring charges associated with an environmental liability and
the refinance of trust preferred securities.

     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.







                                   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: July 28, 2004                          By:  /s/ Joseph L. LaMonica
                                                  ----------------------
                                                  Joseph L. LaMonica
                                                  President and Chief
                                                  Executive Officer