Provident Financial Services Inc

Common Name

Provident Financial Services

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

1,753

Ticker

PFS

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.provident.bank

Description

Provident Financial Services Inc. is a financial holding company primarily involved in providing traditional banking services. It offers a range of retail and commercial banking products, including ch... Show more

Financial Statements of Provident Financial Services

Below are the financial statements of Provident Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Assets	—	—
Cash and due from banks	205.91^a	180.24^a
Short-term investments	0.03^a	0.01^a
Total cash and cash equivalents	205.94^a	180.26^a
Available for sale debt securities, at fair value	2,768.92^a	1,690.11^a
Held to maturity debt securities (net of $14,000 allowance as of December 31, 2024 and $31,000 as of December 31, 2023, respectively)	327.62^a	363.08^a
Equity securities, at fair value	19.11^a	1.27^a
Federal Home Loan Bank and other stock	112.77^a	79.22^a
Loans held for sale	162.45^a	1.79^a
Loans held for investment	18,659.37^a	10,871.92^a
Less allowance for credit losses	-193.43^a	-107.2^a
Net loans	18,628.39^a	10,766.5^a
Foreclosed assets, net	9.47^a	11.65^a
Banking premises and equipment, net	119.62^a	71^a
Accrued interest receivable	91.16^a	58.97^a
Goodwill and other intangible assets	819.23^a	457.94^a
Bank-owned life insurance	405.89^a	243.05^a
Other assets	543.7^a	287.77^a
Total assets	24,051.83^a	14,210.81^a
Deposits	—	—
Demand deposits	13,775.99^a	8,020.89^a
Savings deposits	1,679.67^a	1,175.68^a
Certificates of deposit of $250 thousand or more	789.34^a	218.55^a
Other time deposits	2,378.81^a	877.39^a
Total deposits	18,623.81^a	10,292.51^a
Liabilities and stockholders’ equity	—	—
Mortgage escrow deposits	42.25^a	36.84^a
Borrowed funds	2,020.44^a	1,970.03^a
Subordinated debentures	401.61^a	10.7^a
Other liabilities	362.52^a	210.13^a
Total liabilities	21,450.62^a	12,520.21^a
Stockholders’ equity	—	—
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued	0^a	0^a
Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,489,493 shares outstanding as of December 31, 2024, and 75,537,186 shares outstanding as of December 31, 2023	1.38^a	0.83^a
Additional paid-in capital	1,834.5^a	989.06^a
Retained earnings	989.11^a	974.54^a
Accumulated other comprehensive (loss) income, net of tax	-135.36^a	-141.12^a
Treasury stock	-88.42^a	-127.83^a
Unallocated common stock held by the Employee Stock Ownership Plan	0^a	-4.9^a
Common stock acquired by deferred compensation plans	0^a	-2.69^a
Deferred compensation plans	0^a	2.69^a
Total stockholders’ equity	2,601.21^a	1,690.6^a
Total liabilities and stockholders’ equity	24,051.83^a	14,210.81^a

Verified Sources Behind Provident Financial Services’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Provident Financial Services’s data sources below and access millions more through our Disclosure Search.

a. Provident Financial Services's 10-K 2024

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Provident Financial Services Inc

Financial Statements of Provident Financial Services

Verified Sources Behind Provident Financial Services’s Financial Fundamentals Data

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