Provident Financial Services (PFS) Financials

$18.00 -0.22 (-1.21%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$18.00 +0.00 (+0.03%)

As of 08/1/2025 04:10 PM Eastern

Annual Income Statements for Provident Financial Services

This table shows Provident Financial Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	84	88	94	118	113	97	168	176	128	116
Consolidated Net Income / (Loss)	84	88	94	118	113	97	168	176	128	116
Net Income / (Loss) Continuing Operations	84	88	94	118	113	97	168	176	128	116
Total Pre-Tax Income	120	125	140	144	147	128	227	240	176	150
Total Revenue	305	314	334	359	362	385	453	505	479	695
Net Interest Income / (Expense)	250	259	278	301	298	313	366	418	399	601
Total Interest Income	292	302	324	360	371	363	402	466	616	1,046
Loans and Leases Interest Income	255	266	93	315	324	324	365	418	556	944
Investment Securities Interest Income	37	36	229	44	44	37	35	47	56	95
Federal Funds Sold and Securities Borrowed Interest Income	0.06	0.50	1.27	1.73	2.72	2.40	2.73	2.02	3.43	7.06
Total Interest Expense	42	44	46	59	73	51	36	49	216	446
Deposits Interest Expense	15	17	19	31	45	34	27	39	159	350
Long-Term Debt Interest Expense	27	27	26	28	28	17	9.80	9.93	57	96
Total Non-Interest Income	55	55	56	59	64	72	87	88	80	94
Trust Fees by Commissions	17	18	18	18	23	26	31	28	28	31
Other Service Charges	32	32	31	33	35	37	38	42	32	39
Net Realized & Unrealized Capital Gains on Investments	0.65	0.06	0.06	2.22	0.07	0.08	0.26	0.18	0.03	-2.99
Other Non-Interest Income	5.35	5.47	6.69	5.51	6.30	10	18	17	20	28
Provision for Credit Losses	4.35	5.40	5.60	24	13	30	-24	5.00	28	88
Total Non-Interest Expense	181	184	188	192	202	228	250	260	275	458
Salaries and Employee Benefits	100	106	109	111	117	131	143	147	148	218
Net Occupancy & Equipment Expense	39	38	39	40	43	48	53	56	55	81
Marketing Expense	4.23	3.69	3.90	3.84	4.12	4.40	3.95	5.19	4.82	5.15
Property & Liability Insurance Claims	5.04	4.89	3.89	3.48	1.32	3.12	6.26	5.20	8.58	13
Other Operating Expenses	29	28	29	31	34	38	40	39	47	55
Amortization Expense	4.07	3.39	2.67	2.13	2.74	3.43	3.66	3.29	2.95	29
Restructuring Charge	-	-	-	-	-	-	0.00	4.13	7.83	57
Income Tax Expense	36	37	47	26	34	31	59	64	47	34
Basic Earnings per Share	$1.33	$1.38	$1.46	$1.82	$1.74	$1.39	$2.20	$2.35	$1.72	$1.05
Weighted Average Basic Shares Outstanding	62.95M	63.64M	64.38M	64.94M	64.60M	69.55M	76.47M	74.70M	74.84M	109.67M
Diluted Earnings per Share	$1.33	$1.38	$1.45	$1.82	$1.74	$1.39	$2.19	$2.35	$1.71	$1.05
Weighted Average Diluted Shares Outstanding	63.11M	63.85M	64.58M	65.10M	64.73M	69.63M	76.56M	74.78M	74.87M	109.71M
Weighted Average Basic & Diluted Shares Outstanding	62.90M	63.60M	64.30M	65M	65.96M	77.79M	77.11M	75.33M	75.60M	130.49M
Cash Dividends to Common per Share	-	-	$0.93	$0.82	$1.12	$0.92	$0.94	-	$0.96	$0.96

This table shows Provident Financial Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	43	49	41	32	29	27	32	-11	46	49	64
Consolidated Net Income / (Loss)	43	49	41	32	29	27	32	-11	46	49	64
Net Income / (Loss) Continuing Operations	43	49	41	32	29	27	32	-11	46	49	64
Total Pre-Tax Income	60	67	55	44	37	40	43	-21	65	63	92
Total Revenue	138	132	130	118	116	115	114	164	211	206	209
Net Interest Income / (Expense)	109	114	108	99	96	96	94	142	184	182	182
Total Interest Income	122	137	144	150	158	164	164	248	323	312	305
Loans and Leases Interest Income	109	124	129	135	143	149	148	223	292	281	273
Investment Securities Interest Income	12	13	14	14	14	14	15	23	28	29	32
Federal Funds Sold and Securities Borrowed Interest Income	0.50	0.31	0.85	0.95	0.89	0.76	1.18	1.86	2.43	1.60	0.68
Total Interest Expense	12	23	35	51	62	68	70	106	139	130	124
Deposits Interest Expense	9.56	18	28	36	45	51	53	81	110	106	97
Long-Term Debt Interest Expense	2.68	4.73	7.72	14	17	18	18	25	29	24	26
Total Non-Interest Income	28	18	22	19	19	19	21	22	27	24	27
Trust Fees by Commissions	6.79	6.60	6.92	6.92	6.99	6.84	7.49	7.77	7.62	7.66	7.33
Other Service Charges	18	7.33	9.66	7.06	7.27	7.73	6.71	9.67	11	11	12
Net Realized & Unrealized Capital Gains on Investments	-0.00	0.03	-0.01	0.03	0.01	-0.01	-0.00	-2.97	0.00	-0.01	0.09
Other Non-Interest Income	4.10	4.31	5.59	5.38	5.04	4.41	6.61	7.81	7.94	5.55	7.74
Provision for Credit Losses	8.41	-	6.00	9.75	13	-0.12	0.19	70	9.30	8.37	0.64
Total Non-Interest Expense	69	65	69	65	66	75	71	115	136	135	116
Salaries and Employee Benefits	38	35	39	35	36	39	40	55	63	60	62
Net Occupancy & Equipment Expense	14	13	14	14	13	14	15	20	23	22	24
Marketing Expense	1.37	1.50	1.23	1.38	1.13	1.08	0.97	1.17	1.52	1.49	1.06
Property & Liability Insurance Claims	1.40	1.24	1.94	2.13	1.63	2.89	2.27	3.10	4.18	3.41	3.39
Other Operating Expenses	11	12	12	9.95	11	15	9.83	11	16	18	16
Amortization Expense	0.78	0.78	0.76	0.75	0.72	0.72	0.71	6.48	12	9.51	9.50
Restructuring Charge	2.89	-	1.10	1.96	2.29	2.48	2.20	19	16	20	0.00
Income Tax Expense	17	18	14	12	8.84	12	11	-9.83	19	14	28
Basic Earnings per Share	$0.58	$0.66	$0.54	$0.43	$0.38	$0.37	$0.43	($0.11)	$0.36	$0.37	$0.49
Weighted Average Basic Shares Outstanding	74.30M	74.70M	74.65M	74.82M	74.91M	74.84M	75.26M	102.96M	129.94M	109.67M	130.33M
Diluted Earnings per Share	$0.58	$0.66	$0.54	$0.43	$0.38	$0.36	$0.43	($0.11)	$0.36	$0.37	$0.49
Weighted Average Diluted Shares Outstanding	74.39M	74.78M	74.70M	74.83M	74.91M	74.87M	75.28M	102.96M	130.00M	109.71M	130.38M
Weighted Average Basic & Diluted Shares Outstanding	75.28M	75.33M	75.56M	75.61M	75.61M	75.60M	75.98M	130.49M	130.49M	130.49M	130.66M

This table details how cash moves in and out of Provident Financial Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1.54	42	47	-48	44	346	180	-526	-6.25	26
Net Cash From Operating Activities	115	127	117	156	137	103	157	200	173	426
Net Cash From Continuing Operating Activities	115	127	117	156	137	103	157	200	173	426
Net Income / (Loss) Continuing Operations	84	88	94	118	113	97	168	176	128	116
Consolidated Net Income / (Loss)	84	88	94	118	113	97	168	176	128	116
Provision For Loan Losses	4.35	5.40	5.60	24	13	32	-23	5.00	28	88
Depreciation Expense	14	13	12	10	10	11	13	13	12	41
Amortization Expense	12	12	11	9.43	17	20	27	24	19	21
Non-Cash Adjustments to Reconcile Net Income	1.44	7.42	44	4.38	2.21	-18	5.93	-11	-2.91	126
Changes in Operating Assets and Liabilities, net	-0.08	1.79	-49	-10	-18	-38	-33	-5.66	-11	36
Net Cash From Investing Activities	-409	-581	-306	47	43	-504	-717	-648	-470	508
Net Cash From Continuing Investing Activities	-409	-581	-306	47	43	-504	-717	-648	-470	508
Purchase of Property, Leasehold Improvements and Equipment	-5.91	-5.00	-3.23	-3.16	-4.88	-13	-14	-9.41	-7.49	-1.31
Acquisitions	-26	-	0.00	0.00	-15	78	-	0.00	0.00	195
Purchase of Investment Securities	-729	-910	-734	-415	-378	-405	-1,446	-1,171	-915	-854
Sale of Property, Leasehold Improvements and Equipment	0.02	0.01	21	0.03	0.00	0.95	0.04	0.02	0.11	0.00
Sale and/or Maturity of Investments	352	334	410	465	441	-166	744	533	453	1,169
Net Cash From Financing Activities	292	496	236	-251	-136	747	740	-79	290	-908
Net Cash From Continuing Financing Activities	292	496	236	-251	-136	747	740	-79	290	-908
Net Change in Deposits	133	631	162	116	274	985	1,396	-670	-269	-292
Issuance of Debt	748	390	670	695	1,243	2,430	905	3,982	535	857
Repayment of Debt	-550	-485	-540	-995	-1,560	-2,581	-1,469	-3,272	98	-1,371
Repurchase of Common Equity	0.00	-1.56	-0.44	-13	-20	-21	-21	-47	0.00	0.00
Payment of Dividends	-41	-45	-60	-54	-73	-66	-71	-72	-72	-101
Other Financing Activities, Net	2.63	6.63	4.29	0.82	0.38	-0.52	-0.07	-1.02	-0.89	-1.32
Cash Interest Paid	42	44	46	59	74	49	36	47	210	397
Cash Income Taxes Paid	41	34	41	15	34	37	57	51	46	36

This table details how cash moves in and out of Provident Financial Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-93	1.64	47	-25	-20	-9.01	-22	132	-46	-38	28
Net Cash From Operating Activities	56	42	58	27	42	46	41	77	69	239	89
Net Cash From Continuing Operating Activities	56	42	58	27	42	46	41	77	69	239	89
Net Income / (Loss) Continuing Operations	43	49	41	32	29	27	32	-11	46	49	64
Consolidated Net Income / (Loss)	43	49	41	32	29	27	32	-11	46	49	64
Provision For Loan Losses	9.99	1.79	6.74	9.75	13	-0.86	-0.32	70	9.30	8.88	0.64
Depreciation Expense	3.27	3.23	3.04	2.91	2.88	2.86	2.80	9.55	16	13	13
Amortization Expense	5.49	4.86	4.50	-0.37	10	4.88	4.50	2.69	-2.05	15	7.88
Non-Cash Adjustments to Reconcile Net Income	-8.31	0.69	-0.45	-1.10	-6.14	4.78	1.43	-5.76	5.36	125	-3.97
Changes in Operating Assets and Liabilities, net	2.48	-17	3.69	-16	-6.16	7.35	0.92	12	-6.14	29	6.77
Net Cash From Investing Activities	-0.64	-171	20	-264	-93	-132	55	763	-17	-293	-176
Net Cash From Continuing Investing Activities	-0.64	-171	20	-264	-93	-132	55	762	-16	-293	-176
Purchase of Property, Leasehold Improvements and Equipment	-1.94	-1.53	-0.61	-2.35	-2.94	-1.59	-0.54	-0.98	-1.29	1.50	-1.14
Purchase of Investment Securities	-159	-306	-110	-360	-195	-251	-29	-183	-195	-447	-422
Sale of Property, Leasehold Improvements and Equipment	-	-	0.06	-	-	0.04	0.00	-	-	-	2.35
Sale and/or Maturity of Investments	161	137	130	98	105	120	85	752	179	153	244
Net Cash From Financing Activities	-148	130	-30	212	32	77	-118	-707	-99	15	116
Net Cash From Continuing Financing Activities	-148	130	-30	212	32	77	-118	-707	-99	15	116
Net Change in Deposits	-191	-126	-258	-35	-123	147	-187	-367	20	242	-166
Issuance of Debt	1,299	1,719	261	186	62	26	0.00	221	-0.06	636	570
Repayment of Debt	-1,238	-1,445	-14	79	110	-78	88	-542	-88	-830	-255
Payment of Dividends	-18	-17	-19	-18	-18	-18	-18	-19	-31	-32	-32
Other Financing Activities, Net	-0.06	-0.01	-0.88	-0.00	-	-0.01	-1.24	-0.05	-0.03	-	-1.85
Cash Interest Paid	12	21	34	48	62	67	66	71	116	144	126
Cash Income Taxes Paid	18	25	0.96	26	12	7.60	1.32	17	17	0.74	1.03

This table presents Provident Financial Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	8,912	9,500	9,845	9,726	9,809	12,920	13,781	13,783	14,211	24,052
Cash and Due from Banks	101	93	140	143	187	532	506	187	180	206
Trading Account Securities	1,438	1,529	1,515	1,543	1,431	1,557	-	2,193	2,054	3,116
Loans and Leases, Net of Allowance	6,476	6,942	7,266	7,195	7,277	9,721	0.00	10,161	10,765	18,466
Loans and Leases	6,538	7,003	7,326	7,251	7,333	9,823	-	10,249	10,872	18,659
Allowance for Loan and Lease Losses	61	62	60	56	56	101	-	88	107	193
Loans Held for Sale	-	-	-	-	-	-	-	-	1.79	162
Premises and Equipment, Net	89	84	63	58	55	76	81	80	71	120
Intangible Assets	-	-	-	-	-	466	464	461	458	819
Other Assets	381	431	441	369	421	566	519	703	601	1,163
Total Liabilities & Shareholders' Equity	8,912	9,500	9,845	9,726	9,809	12,920	13,781	13,783	14,211	24,052
Total Liabilities	7,716	8,249	8,547	8,367	8,395	11,300	1,639	12,186	12,520	21,451
Interest Bearing Deposits	5,924	6,554	6,714	6,830	7,103	9,838	1,461	10,563	10,293	18,624
Short-Term Debt	1,708	1,613	1,743	1,442	-	1,176	-	1,337	1,970	2,020
Long-Term Debt	-	-	-	-	1,125	25	-	10	11	402
Other Long-Term Liabilities	84	82	90	94	167	261	179	275	247	405
Total Equity & Noncontrolling Interests	1,196	1,252	1,299	1,359	1,414	1,620	1,697	1,598	1,691	2,601
Total Preferred & Common Equity	1,196	1,252	1,299	1,359	1,414	1,620	1,697	1,598	1,691	2,601
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,196	1,252	1,299	1,359	1,414	1,620	1,697	1,598	1,691	2,601
Common Stock	995	1,001	1,009	1,018	1,004	959	971	979	987	1,836
Retained Earnings	508	551	586	651	695	718	815	918	975	989
Treasury Stock	-269	-264	-260	-272	-269	-59	-80	-127	-128	-88
Accumulated Other Comprehensive Income / (Loss)	-2.55	-3.40	-7.47	-12	3.82	18	6.86	-165	-141	-135
Other Equity Adjustments	-35	-32	-29	-25	-21	-16	-15	-6.80	-2.20	0.00

This table presents Provident Financial Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	13,604	13,779	14,030	14,087	14,131	24,070	24,043	24,225
Cash and Due from Banks	185	234	209	189	158	291	244	234
Trading Account Securities	2,223	2,204	2,130	2,028	2,022	2,997	3,077	3,212
Loans and Leases, Net of Allowance	9,958	10,131	10,428	10,560	10,736	18,571	18,603	18,600
Loans and Leases	10,047	10,224	10,531	10,668	10,843	18,759	18,795	18,791
Allowance for Loan and Lease Losses	89	93	102	108	106	188	191	192
Loans Held for Sale	-	-	-	-	-	4.45	5.76	150
Premises and Equipment, Net	81	72	71	71	69	127	125	115
Intangible Assets	462	460	459	459	457	852	839	810
Other Assets	695	663	732	779	687	1,229	1,148	1,104
Total Liabilities & Shareholders' Equity	13,604	13,779	14,030	14,087	14,131	24,070	24,043	24,225
Total Liabilities	12,053	1,565	12,387	12,464	12,436	21,515	21,421	21,566
Interest Bearing Deposits	10,686	1,351	10,261	10,141	10,099	18,353	18,376	18,449
Short-Term Debt	1,064	-	1,850	2,022	2,058	2,302	2,215	2,336
Long-Term Debt	10	11	11	11	11	413	414	403
Other Long-Term Liabilities	293	203	266	290	268	447	417	378
Total Equity & Noncontrolling Interests	1,551	1,640	1,642	1,623	1,695	2,556	2,621	2,659
Total Preferred & Common Equity	1,551	1,640	1,642	1,623	1,695	2,556	2,621	2,659
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,551	1,637	1,642	1,623	1,695	2,556	2,621	2,659
Common Stock	976	982	984	986	989	1,868	1,870	1,838
Retained Earnings	886	941	954	965	988	958	973	1,021
Treasury Stock	-127	-128	-128	-128	-129	-129	-129	-90
Accumulated Other Comprehensive Income / (Loss)	-174	-148	-162	-195	-152	-140	-93	-110

This table displays calculated financial ratios and metrics derived from Provident Financial Services' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.94%	2.90%	6.35%	7.62%	0.67%	6.42%	17.62%	11.60%	-5.16%	44.95%
EBITDA Growth	14.01%	2.81%	8.94%	0.23%	6.79%	-9.10%	67.83%	3.92%	-25.38%	2.49%
EBIT Growth	13.99%	3.84%	12.58%	2.45%	2.20%	-13.28%	78.06%	5.72%	-26.79%	-14.88%
NOPAT Growth	13.70%	4.87%	7.00%	26.01%	-4.86%	-13.92%	73.20%	4.60%	-26.90%	-10.03%
Net Income Growth	13.70%	4.87%	7.00%	26.01%	-4.86%	-13.92%	73.20%	4.60%	-26.90%	-10.03%
EPS Growth	9.02%	3.76%	5.07%	25.52%	-4.40%	-20.11%	57.55%	7.31%	-27.23%	-38.60%
Operating Cash Flow Growth	12.97%	10.83%	-7.92%	32.84%	-12.07%	-24.56%	51.80%	27.74%	-13.44%	145.90%
Free Cash Flow Firm Growth	54.60%	176.48%	-165.13%	533.25%	4.64%	-149.34%	-4,848.58%	202.39%	-106.37%	-106.98%
Invested Capital Growth	9.41%	-1.35%	6.17%	-7.89%	-9.36%	11.10%	330.43%	-75.74%	24.64%	36.82%
Revenue Q/Q Growth	1.62%	0.48%	1.24%	2.20%	-0.64%	5.07%	1.20%	3.65%	-3.54%	15.10%
EBITDA Q/Q Growth	-0.29%	1.37%	0.96%	3.66%	-3.03%	15.28%	0.23%	4.83%	-11.88%	26.15%
EBIT Q/Q Growth	-0.21%	1.48%	1.79%	4.78%	-5.04%	17.43%	-0.36%	6.75%	-13.53%	18.11%
NOPAT Q/Q Growth	0.35%	1.21%	-3.18%	15.94%	-8.01%	17.75%	-1.91%	7.16%	-14.47%	22.49%
Net Income Q/Q Growth	0.35%	1.21%	-3.18%	15.94%	-8.01%	17.75%	-1.91%	7.16%	-14.47%	22.49%
EPS Q/Q Growth	-0.75%	1.47%	-3.97%	16.67%	-8.42%	14.88%	-3.52%	7.80%	-14.93%	0.96%
Operating Cash Flow Q/Q Growth	6.55%	12.24%	-12.10%	-2.34%	4.05%	41.68%	-13.41%	4.18%	2.29%	82.67%
Free Cash Flow Firm Q/Q Growth	31.15%	-52.03%	-317.92%	440.13%	81.95%	-3.07%	-1,129.81%	6,839.40%	32.17%	17.55%
Invested Capital Q/Q Growth	-1.39%	3.54%	7.62%	-2.11%	-8.60%	-7.20%	422.90%	12.21%	0.42%	-4.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	47.72%	47.68%	48.84%	45.49%	48.25%	41.21%	58.81%	54.76%	43.09%	30.47%
EBIT Margin	39.38%	39.74%	42.07%	40.05%	40.66%	33.13%	50.16%	47.51%	36.68%	21.54%
Profit (Net Income) Margin	27.44%	27.97%	28.14%	32.94%	31.13%	25.18%	37.08%	34.76%	26.79%	16.63%
Tax Burden Percent	69.67%	70.36%	66.88%	82.26%	76.58%	76.01%	73.94%	73.15%	73.05%	77.21%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	30.33%	29.64%	33.12%	17.74%	23.42%	23.99%	26.06%	26.85%	26.95%	22.79%
Return on Invested Capital (ROIC)	3.01%	3.04%	3.18%	4.05%	4.22%	3.62%	2.24%	2.33%	3.88%	2.66%
ROIC Less NNEP Spread (ROIC-NNEP)	3.01%	3.04%	3.18%	4.05%	4.22%	3.62%	2.24%	2.33%	3.88%	2.66%
Return on Net Nonoperating Assets (RNNOA)	4.14%	4.13%	4.19%	4.86%	3.91%	2.77%	7.88%	8.33%	3.93%	2.73%
Return on Equity (ROE)	7.16%	7.17%	7.37%	8.91%	8.12%	6.39%	10.13%	10.66%	7.81%	5.38%
Cash Return on Invested Capital (CROIC)	-5.97%	4.40%	-2.80%	12.27%	14.04%	-6.90%	-122.35%	124.24%	-18.06%	-28.44%
Operating Return on Assets (OROA)	1.38%	1.36%	1.45%	1.47%	1.51%	1.12%	1.70%	1.74%	1.26%	0.78%
Return on Assets (ROA)	0.96%	0.95%	0.97%	1.21%	1.15%	0.85%	1.26%	1.27%	0.92%	0.60%
Return on Common Equity (ROCE)	7.16%	7.17%	7.37%	8.91%	8.12%	6.39%	10.13%	10.66%	7.81%	5.38%
Return on Equity Simple (ROE_SIMPLE)	7.00%	7.01%	7.23%	8.71%	7.97%	5.99%	9.89%	10.99%	7.59%	4.44%
Net Operating Profit after Tax (NOPAT)	84	88	94	118	113	97	168	176	128	116
NOPAT Margin	27.44%	27.97%	28.14%	32.94%	31.13%	25.18%	37.08%	34.76%	26.79%	16.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	46.75%	47.11%	45.66%	43.15%	45.25%	47.58%	44.17%	41.30%	43.52%	43.77%
Operating Expenses to Revenue	59.19%	58.54%	56.25%	53.36%	55.72%	59.15%	55.22%	51.50%	57.45%	65.86%
Earnings before Interest and Taxes (EBIT)	120	125	140	144	147	128	227	240	176	150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	146	150	163	163	175	159	266	277	207	212
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.75	1.05	1.01	0.89	0.90	0.73	0.96	0.89	0.75	0.93
Price to Tangible Book Value (P/TBV)	1.16	1.59	1.49	1.29	1.30	1.02	1.32	1.25	1.03	1.36
Price to Revenue (P/Rev)	2.94	4.19	3.92	3.38	3.52	3.05	3.59	2.81	2.65	3.50
Price to Earnings (P/E)	10.71	14.98	13.92	10.25	11.31	12.12	9.68	8.08	9.91	21.04
Dividend Yield	4.77%	3.58%	4.75%	5.36%	4.77%	6.15%	4.43%	5.09%	5.71%	5.15%
Earnings Yield	9.34%	6.67%	7.19%	9.75%	8.84%	8.25%	10.33%	12.37%	10.09%	4.75%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.99	0.96	0.90	0.87	0.65	0.09	0.88	0.84	0.93
Enterprise Value to Revenue (EV/Rev)	8.20	9.03	8.72	6.99	6.12	4.79	2.47	5.11	6.41	6.69
Enterprise Value to EBITDA (EV/EBITDA)	17.19	18.95	17.85	15.38	12.67	11.62	4.20	9.33	14.88	21.96
Enterprise Value to EBIT (EV/EBIT)	20.83	22.73	20.72	17.46	15.04	14.46	4.93	10.75	17.48	31.06
Enterprise Value to NOPAT (EV/NOPAT)	29.90	32.30	30.98	21.23	19.64	19.02	6.66	14.70	23.93	40.23
Enterprise Value to Operating Cash Flow (EV/OCF)	21.79	22.28	24.83	16.14	16.16	17.85	7.14	12.89	17.72	10.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.33	0.00	7.01	5.90	0.00	0.00	0.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.43	1.29	1.34	1.06	0.80	0.74	0.00	0.84	1.17	0.93
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.80	0.02	0.00	0.01	0.01	0.15
Financial Leverage	1.37	1.36	1.32	1.20	0.93	0.77	3.51	3.58	1.01	1.03
Leverage Ratio	7.45	7.52	7.59	7.36	7.04	7.49	8.05	8.37	8.51	8.92
Compound Leverage Factor	7.45	7.52	7.59	7.36	7.04	7.49	8.05	8.37	8.51	8.92
Debt to Total Capital	58.81%	56.30%	57.30%	51.49%	44.31%	42.58%	0.00%	45.76%	53.95%	48.22%
Short-Term Debt to Total Capital	58.81%	56.30%	57.30%	51.49%	0.00%	41.69%	0.00%	45.40%	53.66%	40.22%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	44.31%	0.89%	0.00%	0.36%	0.29%	8.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.19%	43.70%	42.70%	48.51%	55.69%	57.42%	100.00%	54.24%	46.05%	51.78%
Debt to EBITDA	11.73	10.77	10.69	8.82	6.45	7.57	0.00	4.87	9.59	11.44
Net Debt to EBITDA	11.04	10.16	9.83	7.95	5.38	4.21	0.00	4.20	8.72	10.47
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	6.45	0.16	0.00	0.04	0.05	1.90
Debt to NOPAT	20.40	18.37	18.55	12.18	9.99	12.39	0.00	7.67	15.43	20.97
Net Debt to NOPAT	19.19	17.31	17.06	10.98	8.33	6.90	0.00	6.61	14.02	19.18
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	9.99	0.26	0.00	0.06	0.08	3.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-166	127	-83	358	375	-185	-9,153	9,372	-597	-1,236
Operating Cash Flow to CapEx	1,950.19%	2,555.89%	0.00%	4,963.95%	2,804.69%	869.68%	1,139.39%	2,133.45%	2,348.58%	32,622.88%
Free Cash Flow to Firm to Interest Expense	-3.96	2.90	-1.81	6.06	5.10	-3.65	-252.04	192.73	-2.76	-2.78
Operating Cash Flow to Interest Expense	2.74	2.91	2.57	2.63	1.86	2.04	4.32	4.12	0.80	0.96
Operating Cash Flow Less CapEx to Interest Expense	2.60	2.80	2.95	2.58	1.80	1.80	3.94	3.93	0.77	0.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.04	0.04	0.03	0.03	0.04	0.03	0.04
Fixed Asset Turnover	3.35	3.63	4.53	5.92	6.38	5.87	5.79	6.30	6.36	7.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,904	2,865	3,041	2,801	2,539	2,821	12,142	2,946	3,671	5,023
Invested Capital Turnover	0.11	0.11	0.11	0.12	0.14	0.14	0.06	0.07	0.14	0.16
Increase / (Decrease) in Invested Capital	250	-39	177	-240	-262	282	9,321	-9,196	726	1,352
Enterprise Value (EV)	2,503	2,836	2,910	2,513	2,212	1,844	1,119	2,581	3,073	4,647
Market Capitalization	896	1,316	1,307	1,214	1,274	1,175	1,625	1,420	1,272	2,431
Book Value per Share	$18.19	$18.86	$19.45	$20.26	$21.43	$20.62	$21.93	$21.22	$22.36	$19.93
Tangible Book Value per Share	$11.71	$12.49	$13.15	$14.02	$14.80	$14.68	$15.93	$15.10	$16.30	$13.66
Total Capital	2,904	2,865	3,041	2,801	2,539	2,821	1,697	2,946	3,671	5,023
Total Debt	1,708	1,613	1,743	1,442	1,125	1,201	0.00	1,348	1,981	2,422
Total Long-Term Debt	0.00	0.00	0.00	0.00	1,125	25	0.00	10	11	402
Net Debt	1,607	1,520	1,603	1,300	938	669	-506	1,161	1,800	2,216
Capital Expenditures (CapEx)	5.89	4.98	-18	3.14	4.88	12	14	9.39	7.38	1.31
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,708	1,613	1,743	1,442	1,125	1,201	10,445	1,348	1,981	2,422
Total Depreciation and Amortization (D&A)	25	25	23	20	27	31	39	37	31	62
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$1.38	$1.46	$1.82	$1.74	$1.39	$2.20	$2.35	$1.72	$1.05
Adjusted Weighted Average Basic Shares Outstanding	62.95M	63.64M	64.38M	64.94M	64.60M	69.55M	76.47M	74.70M	74.84M	109.67M
Adjusted Diluted Earnings per Share	$1.33	$1.38	$1.45	$1.82	$1.74	$1.39	$2.19	$2.35	$1.71	$1.05
Adjusted Weighted Average Diluted Shares Outstanding	63.11M	63.85M	64.58M	65.10M	64.73M	69.63M	76.56M	74.78M	74.87M	109.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.74	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.79M	66.45M	66.84M	66.57M	65.96M	77.79M	77.11M	75.33M	75.60M	130.49M
Normalized Net Operating Profit after Tax (NOPAT)	84	88	94	118	113	97	168	179	134	159
Normalized NOPAT Margin	27.44%	27.97%	28.14%	32.94%	31.13%	25.18%	37.08%	35.36%	27.98%	22.95%
Pre Tax Income Margin	39.38%	39.74%	42.07%	40.05%	40.66%	33.13%	50.16%	47.51%	36.68%	21.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.87	2.85	3.08	2.43	2.00	2.51	6.25	4.94	0.81	0.34
NOPAT to Interest Expense	2.00	2.01	2.06	2.00	1.53	1.91	4.62	3.61	0.59	0.26
EBIT Less CapEx to Interest Expense	2.73	2.74	3.46	2.38	1.93	2.28	5.88	4.74	0.78	0.33
NOPAT Less CapEx to Interest Expense	1.86	1.89	2.44	1.95	1.47	1.68	4.24	3.42	0.56	0.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.31%	51.67%	63.84%	45.28%	64.64%	67.89%	42.57%	41.00%	56.42%	87.39%
Augmented Payout Ratio	49.31%	53.45%	64.31%	56.40%	82.28%	89.72%	54.90%	67.49%	56.42%	87.39%

This table displays calculated financial ratios and metrics derived from Provident Financial Services' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.37%	15.52%	13.78%	-1.59%	-16.22%	-13.28%	-12.26%	38.22%	82.21%	79.43%	82.36%
EBITDA Growth	5.28%	20.37%	-9.58%	-27.16%	-26.95%	-36.96%	-19.61%	-119.67%	57.26%	92.35%	124.57%
EBIT Growth	19.72%	29.15%	-7.10%	-18.54%	-37.76%	-40.89%	-21.86%	-148.86%	74.53%	57.69%	113.76%
NOPAT Growth	16.51%	31.45%	-7.79%	-18.42%	-34.26%	-44.30%	-20.86%	-146.63%	62.56%	77.66%	99.58%
Net Income Growth	16.51%	31.45%	-7.79%	-18.42%	-34.26%	-44.30%	-20.86%	-135.89%	62.56%	77.66%	99.58%
EPS Growth	18.37%	34.69%	-6.90%	-18.87%	-34.48%	-45.45%	-20.37%	-125.58%	-5.26%	2.78%	13.95%
Operating Cash Flow Growth	65.43%	23.39%	14.00%	-45.98%	-26.01%	9.14%	-28.69%	179.90%	65.98%	416.63%	113.76%
Free Cash Flow Firm Growth	-134.38%	199.59%	-1,722.16%	-436.19%	-286.15%	-107.55%	183.65%	-104.28%	-54.40%	-86.61%	-118.48%
Invested Capital Growth	13.05%	-75.74%	501.89%	34.82%	39.27%	24.64%	-69.21%	50.47%	43.60%	36.82%	43.41%
Revenue Q/Q Growth	14.56%	-4.07%	-1.40%	-9.18%	-2.48%	-0.69%	-0.24%	43.07%	28.56%	-2.21%	1.38%
EBITDA Q/Q Growth	8.60%	9.47%	-17.02%	-26.16%	8.91%	-5.53%	-9.25%	-118.07%	970.79%	15.54%	23.55%
EBIT Q/Q Growth	12.16%	11.97%	-18.25%	-20.65%	-14.31%	6.35%	8.06%	-149.61%	406.10%	-3.90%	46.48%
NOPAT Q/Q Growth	10.69%	12.93%	-17.34%	-21.05%	-10.80%	-4.33%	17.46%	-146.51%	410.97%	4.56%	31.95%
Net Income Q/Q Growth	10.69%	12.93%	-17.34%	-21.05%	-10.80%	-4.33%	17.46%	-135.80%	504.05%	4.56%	31.95%
EPS Q/Q Growth	9.43%	13.79%	-18.18%	-20.37%	-11.63%	-5.26%	19.44%	-125.58%	427.27%	2.78%	32.43%
Operating Cash Flow Q/Q Growth	11.34%	-24.67%	36.82%	-52.93%	52.50%	11.12%	-10.60%	84.75%	-9.57%	245.88%	-63.01%
Free Cash Flow Firm Q/Q Growth	-59.49%	3,662.00%	-209.82%	91.41%	-14.86%	30.31%	1,315.96%	-120.99%	13.19%	15.77%	-20.44%
Invested Capital Q/Q Growth	1.03%	12.21%	315.02%	-71.35%	4.37%	0.42%	2.52%	40.02%	-0.39%	-4.31%	7.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	49.91%	56.95%	47.93%	38.97%	43.52%	41.40%	43.91%	-5.55%	37.56%	44.38%	54.08%
EBIT Margin	43.56%	50.84%	42.15%	36.82%	32.36%	34.65%	37.54%	-13.02%	30.99%	30.45%	44.00%
Profit (Net Income) Margin	31.48%	37.06%	31.07%	27.01%	24.70%	23.80%	28.02%	-7.01%	22.04%	23.56%	30.67%
Tax Burden Percent	72.27%	72.90%	73.72%	73.35%	76.35%	68.68%	74.66%	53.87%	71.11%	77.38%	69.71%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.73%	27.10%	26.28%	26.65%	23.65%	31.32%	25.34%	0.00%	28.89%	22.62%	30.29%
Return on Invested Capital (ROIC)	6.20%	2.48%	2.27%	4.60%	3.91%	3.45%	1.62%	-1.06%	2.99%	3.77%	5.28%
ROIC Less NNEP Spread (ROIC-NNEP)	6.20%	2.48%	2.27%	4.60%	3.91%	3.45%	1.62%	-0.91%	2.99%	3.77%	5.28%
Return on Net Nonoperating Assets (RNNOA)	3.30%	8.89%	7.66%	4.09%	3.83%	3.49%	6.16%	-0.99%	3.28%	3.86%	5.83%
Return on Equity (ROE)	9.50%	11.37%	9.93%	8.69%	7.73%	6.94%	7.79%	-2.04%	6.27%	7.63%	11.12%
Cash Return on Invested Capital (CROIC)	-5.62%	124.24%	-140.59%	-24.25%	-28.04%	-18.06%	107.33%	-38.55%	-33.68%	-28.44%	-32.45%
Operating Return on Assets (OROA)	1.57%	1.86%	1.60%	1.38%	1.16%	1.19%	1.25%	-0.35%	0.98%	1.11%	1.81%
Return on Assets (ROA)	1.14%	1.36%	1.18%	1.01%	0.89%	0.81%	0.93%	-0.19%	0.70%	0.86%	1.26%
Return on Common Equity (ROCE)	9.50%	11.37%	9.92%	8.69%	7.73%	6.94%	7.78%	-2.04%	6.27%	7.63%	11.12%
Return on Equity Simple (ROE_SIMPLE)	10.57%	0.00%	10.50%	10.05%	9.25%	0.00%	7.08%	2.99%	3.60%	0.00%	5.55%
Net Operating Profit after Tax (NOPAT)	43	49	41	32	29	27	32	-15	46	49	64
NOPAT Margin	31.48%	37.06%	31.07%	27.01%	24.70%	23.80%	28.02%	-9.11%	22.04%	23.56%	30.67%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.15%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	38.77%	37.48%	41.30%	42.47%	43.49%	47.15%	49.20%	46.18%	41.92%	40.73%	41.65%
Operating Expenses to Revenue	50.35%	49.16%	53.26%	54.95%	56.79%	65.46%	62.30%	70.46%	64.59%	65.48%	55.69%
Earnings before Interest and Taxes (EBIT)	60	67	55	44	37	40	43	-21	65	63	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	75	63	46	50	48	50	-9.08	79	91	113
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.85	0.89	0.81	0.70	0.67	0.75	0.63	0.42	0.92	0.93	0.84
Price to Tangible Book Value (P/TBV)	1.21	1.25	1.12	0.97	0.93	1.03	0.86	0.63	1.36	1.36	1.21
Price to Revenue (P/Rev)	2.69	2.81	2.53	2.21	2.19	2.65	2.31	2.12	4.01	3.50	2.84
Price to Earnings (P/E)	8.01	8.08	7.66	6.95	7.24	9.91	8.92	14.07	25.68	21.04	15.19
Dividend Yield	5.50%	5.09%	5.48%	6.33%	6.68%	5.71%	6.78%	8.47%	5.17%	5.15%	5.59%
Earnings Yield	12.48%	12.37%	13.05%	14.40%	13.81%	10.09%	11.21%	7.11%	3.89%	4.75%	6.58%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.88	0.09	0.80	0.80	0.84	0.79	0.66	0.92	0.93	0.88
Enterprise Value to Revenue (EV/Rev)	4.52	5.11	2.10	5.39	5.90	6.41	6.43	6.88	7.96	6.69	6.01
Enterprise Value to EBITDA (EV/EBITDA)	8.34	9.33	4.06	11.06	12.51	14.88	15.34	25.18	28.65	21.96	17.30
Enterprise Value to EBIT (EV/EBIT)	9.79	10.75	4.65	12.38	14.42	17.48	18.20	35.42	37.94	31.06	23.91
Enterprise Value to NOPAT (EV/NOPAT)	13.44	14.70	6.37	16.95	19.52	23.93	24.85	45.78	50.96	40.23	32.18
Enterprise Value to Operating Cash Flow (EV/OCF)	11.46	12.89	5.29	15.19	17.29	17.72	19.01	17.00	20.59	10.90	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.28	0.00	0.00	0.00	0.00	0.35	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.84	0.01	1.13	1.25	1.17	1.22	1.06	1.00	0.93	1.03
Long-Term Debt to Equity	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.16	0.16	0.15	0.15
Financial Leverage	0.53	3.58	3.37	0.89	0.98	1.01	3.79	1.09	1.10	1.03	1.10
Leverage Ratio	8.36	8.37	8.40	8.60	8.72	8.51	8.37	9.08	8.98	8.92	8.81
Compound Leverage Factor	8.36	8.37	8.40	8.60	8.72	8.51	8.37	9.08	8.98	8.92	8.81
Debt to Total Capital	40.92%	45.76%	0.64%	53.11%	55.61%	53.95%	54.96%	51.51%	50.07%	48.22%	50.74%
Short-Term Debt to Total Capital	40.52%	45.40%	0.00%	52.81%	55.32%	53.66%	54.68%	43.68%	42.18%	40.22%	43.28%
Long-Term Debt to Total Capital	0.40%	0.36%	0.64%	0.30%	0.29%	0.29%	0.29%	7.83%	7.89%	8.00%	7.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.08%	54.24%	99.16%	46.89%	44.39%	46.05%	45.04%	48.49%	49.93%	51.78%	49.26%
Debt to EBITDA	4.07	4.87	0.04	7.36	8.67	9.59	10.65	19.53	15.67	11.44	9.99
Net Debt to EBITDA	3.37	4.20	-0.83	6.53	7.87	8.72	9.84	17.44	14.21	10.47	9.13
Long-Term Debt to EBITDA	0.04	0.04	0.04	0.04	0.05	0.05	0.06	2.97	2.47	1.90	1.47
Debt to NOPAT	6.55	7.67	0.06	11.27	13.54	15.43	17.25	35.51	27.87	20.97	18.57
Net Debt to NOPAT	5.42	6.61	-1.30	10.01	12.28	14.02	15.93	31.71	25.28	19.18	16.99
Long-Term Debt to NOPAT	0.06	0.06	0.06	0.06	0.07	0.08	0.09	5.40	4.39	3.48	2.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.10%	0.00%	0.00%	0.00%	0.10%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-260	9,246	-10,153	-873	-1,002	-698	8,493	-1,783	-1,547	-1,303	-1,570
Operating Cash Flow to CapEx	2,911.42%	2,770.24%	10,538.29%	1,165.05%	1,419.65%	2,988.19%	7,725.56%	7,830.30%	5,362.95%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-21.20	400.00	-288.18	-17.18	-16.18	-10.21	121.00	-16.77	-11.15	-10.01	-12.70
Operating Cash Flow to Interest Expense	4.60	1.84	1.65	0.54	0.67	0.68	0.59	0.72	0.50	1.84	0.72
Operating Cash Flow Less CapEx to Interest Expense	4.44	1.77	1.63	0.49	0.63	0.65	0.58	0.71	0.49	1.85	0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.04	0.04
Fixed Asset Turnover	6.13	6.30	6.70	6.82	6.53	6.36	6.53	5.14	6.15	7.29	8.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,625	2,946	12,225	3,503	3,656	3,671	3,764	5,270	5,250	5,023	5,398
Invested Capital Turnover	0.20	0.07	0.07	0.17	0.16	0.14	0.06	0.12	0.14	0.16	0.17
Increase / (Decrease) in Invested Capital	303	-9,196	10,194	905	1,031	726	-8,461	1,768	1,594	1,352	1,634
Enterprise Value (EV)	2,202	2,581	1,097	2,797	2,931	3,073	2,980	3,500	4,806	4,647	4,745
Market Capitalization	1,313	1,420	1,320	1,146	1,087	1,272	1,070	1,076	2,422	2,431	2,241
Book Value per Share	$20.60	$21.22	$21.73	$21.74	$21.46	$22.36	$22.52	$33.63	$20.09	$19.93	$20.38
Tangible Book Value per Share	$14.47	$15.10	$15.62	$15.66	$15.40	$16.30	$16.45	$22.43	$13.66	$13.66	$14.17
Total Capital	2,625	2,946	1,651	3,503	3,656	3,671	3,764	5,270	5,250	5,023	5,398
Total Debt	1,074	1,348	11	1,860	2,033	1,981	2,069	2,715	2,629	2,422	2,739
Total Long-Term Debt	10	10	11	11	11	11	11	413	414	402	403
Net Debt	889	1,161	-223	1,651	1,844	1,800	1,910	2,424	2,385	2,216	2,505
Capital Expenditures (CapEx)	1.94	1.53	0.55	2.35	2.94	1.55	0.54	0.98	1.29	-1.50	-1.21
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.44	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,074	1,348	10,585	1,860	2,033	1,981	2,069	2,715	2,629	2,422	2,739
Total Depreciation and Amortization (D&A)	8.76	8.09	7.54	2.54	13	7.74	7.30	12	14	29	21
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	$0.66	$0.54	$0.43	$0.38	$0.37	$0.43	($0.11)	$0.36	$0.37	$0.49
Adjusted Weighted Average Basic Shares Outstanding	74.30M	74.70M	74.65M	74.82M	74.91M	74.84M	75.26M	102.96M	129.94M	109.67M	130.33M
Adjusted Diluted Earnings per Share	$0.58	$0.66	$0.54	$0.43	$0.38	$0.36	$0.43	($0.11)	$0.36	$0.37	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	74.39M	74.78M	74.70M	74.83M	74.91M	74.87M	75.28M	102.96M	130.00M	109.71M	130.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.28M	75.33M	75.56M	75.61M	75.61M	75.60M	75.98M	130.49M	130.49M	130.49M	130.66M
Normalized Net Operating Profit after Tax (NOPAT)	46	49	41	33	30	29	34	-1.68	57	64	64
Normalized NOPAT Margin	32.99%	37.06%	31.69%	28.22%	26.22%	25.28%	29.46%	-1.03%	27.30%	31.15%	30.67%
Pre Tax Income Margin	43.56%	50.84%	42.15%	36.82%	32.36%	34.65%	37.54%	-13.02%	30.99%	30.45%	44.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.91	2.91	1.56	0.86	0.60	0.58	0.61	-0.20	0.47	0.48	0.74
NOPAT to Interest Expense	3.55	2.12	1.15	0.63	0.46	0.40	0.46	-0.14	0.33	0.37	0.52
EBIT Less CapEx to Interest Expense	4.75	2.84	1.55	0.81	0.56	0.56	0.60	-0.21	0.46	0.49	0.75
NOPAT Less CapEx to Interest Expense	3.39	2.06	1.13	0.58	0.41	0.38	0.45	-0.15	0.33	0.38	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.11%	41.00%	41.77%	43.64%	48.02%	56.42%	60.03%	95.32%	91.31%	87.39%	77.77%
Augmented Payout Ratio	76.64%	67.49%	41.77%	43.64%	48.02%	56.42%	60.03%	95.32%	91.31%	87.39%	77.77%

Key Financial Trends

Provident Financial Services (NYSE: PFS) has shown a pattern of steady financial performance with some notable trends over the past 4 years based on quarterly data analysis from Q1 2023 through Q1 2025.

Positive Developments:

Net Income increased from approximately $32 million in Q1 2023 to about $64 million in Q1 2025, showing a doubling in quarterly net profit over two years.
Earnings Per Share (Diluted) grew from $0.43 in Q1 2023 to $0.49 in Q1 2025, reflecting improved profitability on a per-share basis.
Total Revenue rose steadily, from around $130 million in Q1 2023 to over $208 million by Q1 2025, an increase of about 60%.
Book Value per Share rose from roughly $22.5 in Q1 2023 to $20.38 in Q1 2025, indicating growing shareholder equity despite share count increase.
Return on Equity (ROE) improved, reaching 11.1% in Q1 2025 compared to lower levels in 2023, signifying better management of shareholders’ equity.
Provision for credit losses remained modest in early 2025 (only $0.64M in Q1 2025) compared to larger amounts in 2024, suggesting improved credit conditions or risk management.
Net interest income stayed strong, around $181 million in Q1 2025, supporting core earnings.
Adjusted share counts have increased moderately with diluted shares rising from approximately 75 million in early 2023 to over 130 million in 2025, reflecting capital growth and possible share issuances aligned with expansion.

Neutral Observations:

Operating expenses (including salaries and benefits) have increased but remain proportionate to revenue growth, maintaining stable operating efficiency levels.
The company continues to invest heavily in loans and leases, with the net loans & leases portfolio nearly doubling from ~$10 billion in early 2023 to almost $19 billion by Q1 2025, indicative of aggressive lending growth strategy.

Potential Concerns / Negative Trends:

Free Cash Flow to Firm (FCFF) remains negative and worsening, moving from positive in Q1 2023 to a significant negative $1.56 billion in Q1 2025, implying substantial capital spending and working capital needs that may pressure liquidity.
Debt metrics have increased substantially; net debt rose from negative (net cash) in Q1 2023 to over $2.5 billion by Q1 2025, increasing leverage risk.
Debt to EBITDA ratio has increased from below 5x in early 2023 to near 10x by Q1 2025, indicating higher financial leverage and potential risk if earnings do not keep pace.
Interest coverage ratios (EBIT or NOPAT compared to interest expense) have declined, with EBIT to interest expense ratio falling below 1.0 in Q1 2025, signaling tighter margins to cover interest obligations.
Dividend payout ratio is relatively high (78% in Q1 2025), which may limit retained earnings for growth and increase vulnerability in earnings downturns.
Provision for credit losses was elevated in prior periods (e.g., $69.7 million in Q2 2024), indicating past asset quality challenges, though improving lately.

Summary: Provident Financial Services demonstrates solid revenue and earnings growth with improving profitability metrics over the last four quarters, supporting a positive outlook. However, the company faces increased financial leverage and negative free cash flow trends that warrant monitoring. Elevated debt levels and high dividend payout ratios could constrain financial flexibility. Investors should weigh these growth achievements alongside leverage risks when considering PFS for investment.

08/02/25 03:41 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Provident Financial Services' Financials

When does Provident Financial Services' fiscal year end?

According to the most recent income statement we have on file, Provident Financial Services' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Provident Financial Services' net income changed over the last 9 years?

Provident Financial Services' net income appears to be on an upward trend, with a most recent value of $115.53 million in 2024, rising from $83.72 million in 2015. The previous period was $128.40 million in 2023. See Provident Financial Services' forecast for analyst expectations on what’s next for the company.

How has Provident Financial Services' revenue changed over the last 9 years?

Over the last 9 years, Provident Financial Services' total revenue changed from $305.10 million in 2015 to $694.73 million in 2024, a change of 127.7%.

How much debt does Provident Financial Services have?

Provident Financial Services' total liabilities were at $21.45 billion at the end of 2024, a 71.3% increase from 2023, and a 178.0% increase since 2015.

How much cash does Provident Financial Services have?

In the past 9 years, Provident Financial Services' cash and equivalents has ranged from $92.51 million in 2016 to $532.35 million in 2020, and is currently $205.94 million as of their latest financial filing in 2024.

How has Provident Financial Services' book value per share changed over the last 9 years?

Over the last 9 years, Provident Financial Services' book value per share changed from 18.19 in 2015 to 19.93 in 2024, a change of 9.6%.

Related Companies

This page (NYSE:PFS) was last updated on 8/2/2025 by MarketBeat.com Staff

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Provident Financial Services (PFS) Financials

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Provident Financial Services (PFS) Financials

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