PROVIDENT FINANCIAL SERVICES INC PFS

Financials SIC 6035 - Savings Institution, Federally Chartered NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Savings Institutions and Other Depository Credit Intermediation derived NYSE

Provident Financial Services, Inc.

The Company is a Delaware corporation which became the holding company for Provident Bank (the "Bank") on January 15, 2003, following the completion of the Bank's conversion to a New Jersey-chartered capital stock savings bank. On January 15, 2003, the Company issued an aggregate of 59,618,300 shares of its common stock, par value $0.01 per share in a subscription offering, and contributed $4.8 million in cash and 1,920,000 shares of its common stock, which amounted to $24.0 million in aggregate, to The Provident Bank Foundation, a charitable foundation established by the Bank. The Company recognized an expense, net of income tax benefit, equal to the cash and fair value of the stock during 2003. Conversion costs were deferred and deducted from the proceeds of the shares sold in the offering. As a result of the conversion and related stock offering, the Company raised $567.2 million in net proceeds, of which $293.2 million was utilized to acquire all of the outstanding common stock of the Bank. The Company owns all of the outstanding common stock of the Bank, and as such, is a bank holding company subject to regulation by the Board of Governors of the Federal Reserve System ("Federal Reserve Board" or "Federal Reserve").

Last close 23.24 2026-10-23
Market cap $3.03B 2026-06-30 share count
52-week range 17.70 - 25.49

Valuation FY2025 figures against the last close

P/S41.5x
P/E10.4x
P/FCF7.0x
EV/EBITDA—
Dividend yield4.2%
Diluted EPS2.23

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $73.1M$68.3M$57.5M$55.0M$57.6M$45.5M$41.4M$37.3M$36.5M$35.9M
Interest expense $760.6M$600.6M$399.5M$417.6M$36.3M$50.7M$73.5M$59.2M$45.6M$43.7M
Pre-tax income $408.2M$149.6M$175.8M$240.1M$227.1M$127.6M$147.1M$143.9M$140.5M$124.8M
Income tax $117.0M$34.1M$47.4M$64.5M$59.2M$30.6M$34.5M$25.5M$46.5M$37.0M
Net income $291.0M$116.0M$128.0M$176.0M$168.0M$97.0M$112.6M$118.4M$93.9M$87.8M
EPS, basic 2.231.051.722.352.201.391.741.821.461.38
EPS, diluted 2.231.051.712.352.191.391.741.821.451.38
Shares, diluted (wtd. avg.) 130.5M109.7M74.9M74.8M76.6M69.6M64.7M65.1M64.6M63.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $209.1M$205.9M$180.2M$186.4M$685.2M$418.1M$145.7M$104.7M$190.8M$144.3M
Property, plant and equipment $113.3M$119.6M$71.0M$79.8M$80.6M$75.9M$55.2M$58.1M$63.2M$84.1M
Goodwill $624.1M$624.1M$443.6M$443.6M$443.6M$443.0M$420.6M$411.6M$411.6M$411.6M
Total assets $24.98B$24.05B$14.21B$13.78B$13.78B$12.92B$9.81B$9.73B$9.85B$9.50B
Total liabilities $22.15B$21.45B$12.52B$12.19B$12.08B$11.30B$8.39B$8.37B$8.55B$8.25B
Retained earnings $1.15B$989.1M$974.5M$918.2M$814.5M$718.1M$695.3M$651.1M$586.1M$550.8M
Total equity $2.83B$2.60B$1.69B$1.60B$1.70B$1.62B$1.41B$1.36B$1.30B$1.25B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $442.3M$426.4M$173.4M$200.3M$156.8M$103.3M$136.9M$155.7M$117.2M$127.3M
Depreciation and amortisation $14.2M$12.6M$8.7M$9.8M$9.0M$7.6M$7.7M$8.0M$9.0M$9.4M
Capital expenditure $11.5M$1.3M$7.5M$9.4M$13.8M$12.8M$4.9M$3.2M$3.2M$5.0M
Investing cash flow -$1.05B$507.7M-$469.6M-$647.6M-$716.6M-$504.4M$42.9M$46.7M-$306.3M-$580.8M
Financing cash flow $615.6M-$908.4M$290.0M-$78.7M$739.9M$746.7M-$135.7M-$250.6M$235.7M$495.6M
Dividends paid $125.9M$101.0M$72.4M$72.0M$71.5M$65.8M$72.8M$53.6M$60.0M$45.4M
Buybacks $0$0$0$46.5M$20.7M$21.2M$19.9M$13.2M$443.0K$1.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000226.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 35.9M Net income, FY2016: 87.8M Revenue, FY2017: 36.5M Net income, FY2017: 93.9M Revenue, FY2018: 37.3M Net income, FY2018: 118.4M Revenue, FY2019: 41.4M Net income, FY2019: 112.6M Revenue, FY2020: 45.5M Net income, FY2020: 97M Revenue, FY2021: 57.6M Net income, FY2021: 168M Revenue, FY2022: 55M Net income, FY2022: 176M Revenue, FY2023: 57.5M Net income, FY2023: 128M Revenue, FY2024: 68.3M Net income, FY2024: 116M Revenue, FY2025: 73.1M Net income, FY2025: 291M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $35.9M $36.5M $37.3M $41.4M $45.5M $57.6M $55.0M $57.5M $68.3M $73.1M
Gross profit — — — — — — — — — —
Net income $87.8M $93.9M $118.4M $112.6M $97.0M $168.0M $176.0M $128.0M $116.0M $291.0M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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