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PFS

Provident Financial Services, Inc.

PFS

Provident Financial Services, Inc. • NYSE
$19.18 ▼ -0.36% (-0.07)
Market Cap $2.51 B
52w High $21.21
52w Low $14.34
Dividend Yield 0.96%
P/E 9.64
Volume 546.35K
Outstanding Shares 130.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $353.7M ▲ $113.092M ▼ $71.72M ▼ 20.277% ▼ $0.55 $118.034M ▼
Q2-2025 $343.383M ▲ $114.614M ▼ $71.981M ▲ 20.962% ▲ $0.55 ▲ $119.061M ▲
Q1-2025 $332.376M ▲ $116.267M ▲ $64.028M ▲ 19.264% ▲ $0.49 ▲ $108.562M ▲
Q4-2024 $0 $0 $0 0% $0.37 ▲ $0
Q3-2024 $0 $0 $0 0% $0.36 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.443B ▲ $24.833B ▲ $22.066B ▲ $2.767B ▲
Q2-2025 $3.279B ▲ $24.547B ▲ $21.84B ▲ $2.708B ▲
Q1-2025 $3.113B ▲ $24.225B ▲ $21.566B ▲ $2.659B ▲
Q4-2024 $2.975B ▲ $24.052B ▲ $21.451B ▲ $2.601B ▼
Q3-2024 $244.089M $24.043B $21.421B $2.621B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $71.72M ▼ $98.034M ▼ $-242.306M ▲ $186.961M ▼ $42.689M ▲ $96.708M ▼
Q2-2025 $71.981M ▲ $186.767M ▲ $-426.734M ▼ $264.816M ▲ $24.849M ▼ $182.561M ▲
Q1-2025 $64.028M ▲ $88.515M ▼ $-176.477M ▲ $116.099M ▲ $28.137M ▲ $87.373M ▼
Q4-2024 $48.524M ▲ $239.288M ▲ $-292.818M ▼ $15.38M ▼ $0 ▼ $240.784M ▲
Q3-2024 $46.405M $69.182M $-14.601M $824.978M $877.279M $67.892M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Banking
Banking
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Debit Card
Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $10.00M ▲$0 ▼$10.00M ▲$10.00M ▲
Insurance Commissions And Fees
Insurance Commissions And Fees
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Wealth Management Fees Member
Wealth Management Fees Member
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years and jumped sharply most recently, likely reflecting a larger balance sheet and possibly acquisition activity. However, profits have not grown in line with revenue. Earnings per share and net income are below prior peaks, suggesting margin pressure from higher funding costs, competitive pricing, or integration expenses. The bank remains solidly profitable, but the story has shifted from simple growth to one of managing thinner margins and extracting efficiencies from a larger, more complex franchise.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets stepping up to a much higher level than a few years ago. Equity has grown as well, which supports this larger footprint and provides a stronger capital base. At the same time, borrowings have risen, indicating greater use of wholesale funding or other debt, which can increase sensitivity to interest rates and funding markets. On-hand cash is modest relative to total assets, which is typical for a bank but makes asset quality, deposit stability, and liquidity management especially important to watch. Overall, this looks like a conservative but now more leveraged community bank balance sheet that must be carefully managed in a changing rate environment.

Cash Flow

Cash Flow Operating cash generation has been consistently positive and has improved over time, indicating that the core banking activities are producing dependable cash inflows. Free cash flow tracks operating cash very closely, because physical investment needs (capital spending) are low for a bank. This points to a business model that can usually fund its own growth and shareholder returns from internal cash, so long as credit quality and funding remain stable. Cash flow does not appear to be a weakness; the main risks lie more in the balance sheet structure and earnings resilience than in raw cash generation.

Competitive Edge

Competitive Edge Provident operates as a long-established regional and community-focused bank with deep roots in New Jersey and surrounding markets. Its reputation for conservative lending and risk management is a key strength, appealing to customers who value stability over aggressiveness. The bank’s mix of traditional banking, wealth management, and insurance creates a broader relationship with clients than many smaller peers, which can support loyalty and cross-selling. On the other hand, it competes against much larger national banks with bigger technology budgets, as well as digital-first players. Its moat rests more on trust, relationships, and local presence than on scale, so maintaining service quality and prudent underwriting is central to its position.

Innovation and R&D

Innovation and R&D Provident is not a disruptor, but it has been a disciplined adopter of modern banking technology. Its investment in a modern core system (Fiserv DNA), its ProvidentConnect digital banking suite, and its partnership-driven digital small-business lending platform show a clear effort to modernize without abandoning its relationship-based model. The “high-tech, high-touch” approach aims to blend convenience with personal service, which can be attractive in its regional markets. Innovation spend is focused on integration, digital lending, and data-driven customer service rather than experimental projects. Execution risk remains—especially fully leveraging the new core and expanding digital capabilities—but the groundwork for further digital improvement appears to be in place.

Summary

Provident Financial Services today looks like a larger, more modernized community bank that has grown its revenue base and balance sheet meaningfully, but is seeing more pressure on profitability than in earlier years. Strengths include conservative credit culture, diversified services (banking, wealth, insurance), stable and rising cash generation, and a thoughtful, partnership-based approach to digital innovation. Key watchpoints include margin compression in a volatile rate environment, higher leverage from greater use of debt, integration and execution risk as the bank scales, and ongoing competition from big banks and fintechs. The long-term story hinges on whether Provident can turn its expanded platform and upgraded technology into better efficiency and steadier earnings, while preserving its historic reputation for prudence and community focus.

NEWS

November 25, 2025 · 1:30 PM UTC

Provident Bank and The Provident Bank Foundation Launch Crisis Response Fund to Address Food Insecurity

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November 6, 2025 · 8:00 AM UTC

For the Second Consecutive Year, Provident Bank Announces $50,000 in Grants to 6 Non-Profit Organizations

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November 5, 2025 · 4:16 PM UTC

Stonegate Capital Partners Updates Coverage on Provident Financial Services Inc (PFS) 2025 Q3

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November 4, 2025 · 6:00 AM UTC

IDEAYA Biosciences Reports Third Quarter 2025 Financial Results and Provides Business Update

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October 30, 2025 · 4:03 PM UTC

CORRECTION -- Provident Financial Services, Inc. Declares Quarterly Cash Dividend

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