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PROVIDENT FINANCIAL SERVICES INC

CIK: 1178970 SIC: 6035
$399.45M
Net Interest Income
$128.40M
Net Income
57.4%
Efficiency Ratio
1.66%
Net Int. Margin
8.0%
ROE
Financial Statements Annual (10-K)
Showing 10 of 16 annual reports available (2010 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Interest Income $1.27B $1.27B $1.05B $615.82M $466.18M $402.34M $363.31M $371.47M $359.83M $323.85M $302.31M
Interest Expense $512.21M $512.21M $445.52M $216.37M $48.63M $36.32M $50.74M $73.50M $59.15M $45.64M $43.75M
Net Interest Income $760.57M $760.57M $600.61M $399.45M $417.55M $366.02M $312.57M $297.97M $300.68M $278.20M $258.57M
Provision for Credit Losses - $4.13M $87.56M $28.17M $8.39M $-24.34M $29.72M $13.10M - - -
Net Interest Income After Provision $756.98M $756.98M $513.05M $371.55M $409.16M $390.36M $282.85M $284.87M $276.98M $272.60M $253.17M
Non-Interest Income $109.84M $109.84M $94.11M $79.83M $87.79M $86.81M $72.43M $63.79M $58.68M $55.70M $55.39M
Service Charges & Fees - - - - - - - - - $27.22M $26.05M
Non-Interest Expense $458.66M $458.66M $457.55M $275.60M $256.85M $250.05M $227.73M $201.58M $191.74M $187.82M $183.78M
Compensation & Benefits $253.13M $253.13M $218.34M $148.50M $147.20M $143.37M $130.87M $116.85M $111.50M $109.35M $106.14M
Occupancy Expense $52.79M $52.79M $45.01M $32.27M $34.57M $32.93M $27.14M $25.89M $25.06M $25.29M $24.85M
Technology & Equipment $37.42M $37.41M $35.58M $22.99M $21.75M $19.75M $20.77M $16.84M $14.66M $13.92M $13.23M
Marketing Expense $5.54M $5.53M $5.15M $4.82M $5.19M $3.95M $4.40M $4.12M $3.84M $3.90M $3.69M
Other Non-Interest Expense $59.81M $59.82M $54.71M $47.40M $43.03M $38.61M $36.20M $33.83M $31.07M $28.80M $27.59M
Income Before Tax $408.16M $408.16M $149.62M $175.78M $240.11M $227.12M $127.55M $147.09M - - -
Income Tax Expense $117.00M $117.00M $34.09M $47.38M $64.46M $59.20M $30.60M $34.45M $25.53M $46.53M $36.98M
Net Income $291.16M $291.16M $115.53M $128.40M $175.65M $167.92M $96.95M $112.63M $118.39M $93.95M $87.80M
Basic EPS nan 2.23 1.05 1.72 2.35 2.20 1.39 1.74 1.82 1.46 1.38
Diluted EPS nan 2.23 1.05 1.71 2.35 2.19 1.39 1.74 1.82 1.45 1.38
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Due from Banks $211.48M $205.91M $180.24M $186.49M $506.27M $404.36M $131.56M $86.19M $139.56M $92.51M
Investment Securities - AFS $3.16B $2.77B $1.69B $1.80B $2.06B $1.11B $976.92M $1.06B $1.04B -
Investment Securities - HTM $282.13M $327.62M $363.08M $387.92M $436.15M $450.96M $453.63M $479.43M $477.65M $488.18M
Loans & Leases (Gross) $19.50B $18.66B $10.87B $10.25B $9.58B $9.82B - - - -
Loans & Leases (Net) $19.33B $18.63B $10.77B $10.16B $9.50B $9.72B $7.28B $7.20B $7.27B $6.94B
Goodwill & Intangibles $624.07M $624.07M - - - - - - - -
Premises & Equipment $113.33M $119.62M $71.00M $79.79M $80.56M $75.95M $55.21M $58.12M $63.19M $84.09M
Other Assets $445.11M $543.70M $287.77M $341.14M $206.15M $221.36M $136.29M $73.70M $82.76M $79.64M
Total Assets $24.98B $24.05B $14.21B $13.78B $13.78B $12.92B $9.81B $9.73B $9.85B $9.50B
Total Deposits $19.28B $18.62B $10.29B $10.56B $11.23B $9.84B $7.10B $6.83B $6.71B $6.55B
Other Liabilities $310.02M $362.51M $210.13M $239.14M $178.60M $226.71M $140.18M $68.82M $64.00M $57.86M
Total Liabilities $22.15B $21.45B $12.52B $12.19B $12.08B $11.30B $8.39B $8.37B $8.55B $8.25B
Common Stock $1.38M $1.38M $832.00K $832.00K $832.00K $832.00K $832.00K $832.00K $832.00K $832.00K
Retained Earnings $1.15B $989.11M $974.54M $918.16M $814.53M $718.09M $695.27M $651.10M $586.13M $550.77M
Treasury Stock $91.29M $88.42M $127.83M $127.15M $79.60M $59.02M $268.50M $272.47M $259.91M $264.22M
AOCI $-76.18M $-135.35M $-141.12M $-165.04M $6.86M $17.66M $3.82M $-12.34M $-7.46M $-3.40M
Total Stockholders Equity $2.83B $2.60B $1.69B $1.60B $1.70B $1.62B $1.41B $1.36B $1.30B $1.25B
Total Liabilities & Equity $24.98B $24.05B $14.21B $13.78B $13.78B $12.92B $9.81B $9.73B $9.85B $9.50B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $291.16M $291.16M $115.53M $128.40M $175.65M $167.92M $96.95M $112.63M $118.39M $93.95M $87.80M
Provision for Credit Losses - - - - $8.39M $-24.34M $29.72M - - - -
Depreciation & Amortization $90.79M $51.32M $41.50M $11.70M $13.08M $12.66M $11.01M $10.39M $10.10M $11.62M $12.76M
Deferred Taxes $35.21M $24.46M $-12.27M $2.73M $2.22M $12.41M $-7.93M $1.67M $-18.54M $40.63M $3.16M
Net Change in Loans HFS $137.81M $86.02M $70.05M $19.37M $22.30M $47.67M $87.41M $16.21M $36.04M $24.94M $34.98M
Operating Cash Flow $806.06M $442.26M $426.38M $173.40M $200.31M $158.18M $106.91M $136.93M $155.72M $117.22M $127.31M
Purchases of Securities $1.43B $787.07M $404.00M $40.09M $290.43M $1.40B $248.86M $117.02M $237.08M $228.36M $306.15M
Sales of Securities $1.67M $1.67M $566.94M - - $9.44M $13.90M - $2.21M - $3.40M
Maturities of Securities $905.47M $511.76M $335.26M $189.54M $278.78M $393.17M $350.33M $223.81M $196.69M $220.14M $211.44M
Capital Expenditures $18.03M $11.54M $1.31M $7.49M $9.41M $13.80M $12.82M $4.88M $3.16M $3.23M $5.00M
Investing Cash Flow $-1.83B $-1.05B $507.67M $-469.60M $-647.56M $-717.94M $-507.98M $42.87M $46.70M $-306.34M $-580.80M
Net Change in Deposits $564.63M $654.87M $-291.62M $-270.51M $-670.99M $1.40B $977.44M $272.49M $115.96M $160.54M $629.64M
Net Change in Short-term Borrowings $1.04B $293.88M $18.60M $156.30M $-18.95M $-8.44M $-294.03M $-10.59M $-190.86M $322.51M $35.31M
Long-term Debt Issued - - - $534.81M $3.98B $913.68M $2.43B $1.24B $695.00M $347.00M $355.00M
Long-term Debt Repaid $934.66M $352.36M $1.39B $58.44M $3.25B - $2.29B $1.55B $804.38M $539.75M $485.20M
Common Stock Repurchased - - - - $46.53M $20.71M $21.16M $19.87M $13.17M $443.00K $1.56M
Dividends Paid $221.00M $125.91M $100.96M $72.45M $72.02M $71.48M $65.82M $72.81M $53.60M $59.98M $45.37M
Financing Cash Flow $1.11B $615.62M $-908.37M $289.95M $-78.70M $739.86M $746.68M $-135.71M $-250.60M $235.65M $495.56M
Net Change in Cash $86.67M $5.54M $25.68M $-6.25M $-525.96M $180.11M $345.61M $44.09M $-48.17M $46.54M -
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Interest Expense $131.95M $138.82M $368.85M $253.17M
Income Before Tax $101.61M $65.25M $295.91M $86.91M
Income Tax Expense $29.89M $18.85M $88.18M $19.91M
Net Income $71.72M $46.41M $207.73M $67.00M
Basic EPS 0.55 0.36 1.59 0.65
Diluted EPS 0.55 0.36 1.59 0.65
Basic Shares Outstanding $130.51M $129.94M $130.44M $102.82M
Diluted Shares Outstanding $130.55M $130.00M $130.48M $102.85M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $299.19M $205.87M
Property Plant & Equipment $113.10M $119.62M
Total Assets $24.83B $24.05B
Total Liabilities $22.07B $21.45B
Common Stock $1.38M $1.38M
Retained Earnings $1.10B $989.11M
Treasury Stock $91.29M $88.42M
Total Stockholders Equity $2.77B $2.60B
Total Liabilities & Equity $24.83B $24.05B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $71.72M $46.41M $207.73M $67.00M
Depreciation & Amortization - - $39.38M $28.23M
Deferred Income Tax - - $13.89M $-1.02M
Operating Cash Flow - - $373.32M $187.09M
Capital Expenditure - - $6.67M $2.80M
Sales of Investments - - $346.55M $238.64M
Investing Cash Flow - - $-845.52M $800.49M
Debt Repayment - - $352.40M $278.43M
Dividends Paid - - $94.57M $68.55M
Financing Cash Flow - - $567.88M $-923.75M
Net Change in Cash - - $95.67M $63.83M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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