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.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income on loans | 944.3a | 556.24a | 417.65a |
| Interest income on cash and debt securities | 101.84a | 59.59a | 48.53a |
| Total interest income | 1,046.14a | 615.82a | 466.18a |
| Total interest expense | -445.52a | -216.37a | -48.63a |
| Net interest income | 600.61a | 399.45a | 417.55a |
| Provision for credit losses | -87.56a | -28.17a | -5a |
| Net interest income after provision | 513.05a | 371.29a | 412.55a |
| Non interest income | — | — | — |
| Wealth management income | 30.53a | 27.67a | 27.87a |
| Insurance agency income | 16.2a | 13.93a | 11.44a |
| Other non-interest income | 47.38a | 38.23a | 48.48a |
| Total non-interest income | 94.11a | 79.83a | 87.79a |
| Non interest expense | — | — | — |
| Compensation and employee benefits | -218.34a | -148.5a | -147.2a |
| Net occupancy expense | -45.01a | -32.27a | -34.57a |
| Data processing expense | -35.58a | -22.99a | -21.73a |
| Other non interest expense | -158.61a | -71.58a | -56.73a |
| Total non-interest expense | -457.55a | -275.34a | -260.23a |
| Income tax expense | -34.09a | -47.38a | -64.46a |
| Net income | 115.53a | 128.4a | 175.65a |
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