Provident Financial Services Inc
PFS NYSE Savings Institution, Federally Chartered Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$73.1M
7.1%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
627.4%
42.7 pts
Net income
Profit after all expenses, interest and tax.
$291M
152.0%
Return on equity
Net income as a share of average shareholders' equity.
10.7%
5.3 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.40 EPS (TTM)
What Provident Financial Services Inc does
No business description yet.
- Legal name
- PROVIDENT FINANCIAL SERVICES INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Accession · CIK
- 0001628280-26-012814
0001178970
Revenue and margins
Provident Financial Services Inc had $73.1M of revenue in fiscal 2025, up 7.1% on the year before.
FY16
Revenue $35.9M
FY17
Revenue $36.5M
FY18
Revenue $37.3M
FY19
Revenue $41.4M
FY20
Revenue $45.5M
FY21
Revenue $57.6M
FY22
Revenue $55.0M
FY23
Revenue $57.5M
FY24
Revenue $68.3M
FY25
Revenue $73.1M
Q3 '23
Revenue $14.2M
Q4 '23
Revenue $13.7M
Q1 '24
Revenue $16.3M
Q2 '24
Revenue $17.6M
Q3 '24
Revenue $17.9M
Q4 '24
Revenue $16.5M
Q1 '25
Revenue $18.9M
Q2 '25
Revenue $18.3M
Q3 '25
Revenue $17.7M
Q4 '25
Revenue $18.0M
Q1 '26
Revenue $20.6M
Q2 '26
Revenue $19.6M
FY16
Net interest share 720.3%
Efficiency ratio 511.9%
FY17
Net interest share 762.6%
Efficiency ratio 514.8%
FY18
Net interest share 806.4%
Efficiency ratio 514.3%
FY19
Net interest share 720.5%
Efficiency ratio 487.4%
FY20
Net interest share 686.5%
Efficiency ratio 500.1%
FY21
Net interest share 635.9%
Efficiency ratio 434.4%
FY22
Net interest share 759.4%
Efficiency ratio 473.3%
FY23
Net interest share 694.4%
Efficiency ratio 478.6%
FY24
Net interest share 879.5%
Efficiency ratio 670.0%
FY25
Net interest share 1,040.3%
Efficiency ratio 627.4%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 678.0%
Efficiency ratio 462.3%
Q4 '23
Net interest share 700.9%
Efficiency ratio 555.0%
Q1 '24
Net interest share 575.2%
Efficiency ratio 441.1%
Q2 '24
Net interest share 802.2%
Efficiency ratio 654.2%
Q3 '24
Net interest share 1,029.1%
Efficiency ratio 761.9%
Q4 '24
Net interest share 1,100.4%
Efficiency ratio 813.3%
Q1 '25
Net interest share 963.1%
Efficiency ratio 616.1%
Q2 '25
Net interest share 1,023.7%
Efficiency ratio 627.1%
Q3 '25
Net interest share 1,096.3%
Efficiency ratio 638.0%
Q4 '25
Net interest share 1,097.0%
Efficiency ratio 637.3%
Q1 '26
Net interest share 940.1%
Efficiency ratio 568.4%
Q2 '26
Net interest share 1,031.7%
Efficiency ratio 607.0%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 5.5% a year. Loss periods are shown in red.
FY16
Net income $87.8M
FY17
Net income $93.9M
FY18
Net income $118M
FY19
Net income $113M
FY20
Net income $97.0M
FY21
Net income $168M
FY22
Net income $176M
FY23
Net income $128M
FY24
Net income $116M
FY25
Net income $291M
Q3 '23
Net income $28.5M
Q4 '23
Net income $27.3M
Q1 '24
Net income $32.1M
Q2 '24
Net income −$11.5M
Q3 '24
Net income $46.4M
Q4 '24
Net income $48.5M
Q1 '25
Net income $64.0M
Q2 '25
Net income $72.0M
Q3 '25
Net income $71.7M
Q4 '25
Net income $83.4M
Q1 '26
Net income $79.4M
Q2 '26
Net income $78.1M
FY16
Diluted EPS $1.38
FY17
Diluted EPS $1.45
FY18
Diluted EPS $1.82
FY19
Diluted EPS $1.74
FY20
Diluted EPS $1.39
FY21
Diluted EPS $2.19
FY22
Diluted EPS $2.35
FY23
Diluted EPS $1.71
FY24
Diluted EPS $1.05
FY25
Diluted EPS $2.23
Q3 '23
Diluted EPS $0.38
Q4 '23
Diluted EPS $0.36
Q1 '24
Diluted EPS $0.43
Q2 '24
Diluted EPS −$0.11
Q3 '24
Diluted EPS $0.36
Q4 '24
Diluted EPS $0.37
Q1 '25
Diluted EPS $0.49
Q2 '25
Diluted EPS $0.55
Q3 '25
Diluted EPS $0.55
Q4 '25
Diluted EPS $0.64
Q1 '26
Diluted EPS $0.61
Q2 '26
Diluted EPS $0.60
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 7.0%
ROTE 10.5%
Efficiency ratio 511.9%
FY17
ROE 7.4%
ROTE 10.6%
Efficiency ratio 514.8%
FY18
ROE 8.9%
ROTE 12.5%
Efficiency ratio 514.3%
FY19
ROE 8.1%
ROTE 11.3%
Efficiency ratio 487.4%
FY20
ROE 6.4%
ROTE 8.2%
Efficiency ratio 500.1%
FY21
ROE 10.1%
ROTE 13.4%
Efficiency ratio 434.4%
FY22
ROE 10.7%
ROTE 15.2%
Efficiency ratio 473.3%
FY23
ROE 7.8%
ROTE 10.3%
Efficiency ratio 478.6%
FY24
ROE 5.4%
ROTE 5.8%
Efficiency ratio 670.0%
FY25
ROE 10.7%
ROTE 13.2%
Efficiency ratio 627.4%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Provident Financial Services Inc returned $126M to shareholders in fiscal 2025, 29% of free cash flow. The diluted share count rose 19.0%.
FY16
Dividends $45.4M
Buybacks $1.6M
FY17
Dividends $60.0M
Buybacks $0.4M
FY18
Dividends $53.6M
Buybacks $13.2M
FY19
Dividends $72.8M
Buybacks $19.9M
FY20
Dividends $65.8M
Buybacks $21.2M
FY21
Dividends $71.5M
Buybacks $20.7M
FY22
Dividends $72.0M
Buybacks $46.5M
FY23
Dividends $72.4M
Buybacks $0.0M
FY24
Dividends $101M
Buybacks $0.0M
FY25
Dividends $126M
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends $18.1M
Buybacks $0.0M
Q4 '23
Dividends $17.6M
Buybacks $0.0M
Q1 '24
Dividends $18.1M
Buybacks —
Q2 '24
Dividends $19.0M
Buybacks —
Q3 '24
Dividends $31.4M
Buybacks —
Q4 '24
Dividends $32.4M
Buybacks —
Q1 '25
Dividends $31.9M
Buybacks $0.0M
Q2 '25
Dividends $31.3M
Buybacks $0.0M
Q3 '25
Dividends $31.3M
Buybacks —
Q4 '25
Dividends $31.3M
Buybacks —
Q1 '26
Dividends $31.4M
Buybacks $10.3M
Q2 '26
Dividends $30.4M
Buybacks $0.0M
Dividends
Buybacks
FY16
Diluted shares 0.06B
FY17
Diluted shares 0.06B
FY18
Diluted shares 0.07B
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.07B
FY21
Diluted shares 0.08B
FY22
Diluted shares 0.07B
FY23
Diluted shares 0.07B
FY24
Diluted shares 0.11B
FY25
Diluted shares 0.13B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $6.9B
Deposits $6.6B
FY17
Loans $7.3B
Deposits $6.7B
FY18
Loans $7.2B
Deposits $6.8B
FY19
Loans $7.3B
Deposits $7.1B
FY20
Loans $9.7B
Deposits $9.8B
FY21
Loans $9.5B
Deposits $11.2B
FY22
Loans $10.2B
Deposits $10.6B
FY23
Loans $10.8B
Deposits $10.3B
FY24
Loans $18.6B
Deposits $18.6B
FY25
Loans $19.3B
Deposits $19.3B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $9.5B | $10.2B | $10.8B | $18.6B | $19.3B |
| Deposits | $11.2B | $10.6B | $10.3B | $18.6B | $19.3B |
| Loans / deposits | 84.6% | 96.2% | 104.6% | 100.0% | 100.3% |
| Total assets | $13.8B | $13.8B | $14.2B | $24.1B | $25.0B |
| Shareholders' equity | $1.7B | $1.6B | $1.7B | $2.6B | $2.8B |
| Goodwill | $444M | $444M | $444M | $624M | $624M |
| Provision / loans | −0.3% | 0.1% | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $35.9M | $36.5M | $37.3M | $41.4M | $45.5M | $57.6M | $55.0M | $57.5M | $68.3M | $73.1M |
| Net interest income | $259M | $278M | $301M | $298M | $313M | $366M | $418M | $399M | $601M | $761M |
| Noninterest income | $55.4M | $55.7M | $58.7M | $63.8M | $72.4M | $86.8M | $87.8M | $79.8M | $94.1M | $110M |
| Noninterest expense | $184M | $188M | $192M | $202M | $228M | $250M | $260M | $275M | $458M | $459M |
| Provision for credit losses | $5.4M | $5.6M | $23.7M | $13.1M | $29.7M | −$24.3M | $8.4M | — | — | — |
| Interest expense | $43.7M | $45.6M | $59.2M | $73.5M | $50.7M | $36.3M | $48.6M | $216M | — | — |
| Pretax income | $125M | $140M | $144M | $147M | $128M | $227M | $240M | $176M | $150M | $408M |
| Income tax | $37.0M | $46.5M | $25.5M | $34.5M | $30.6M | $59.2M | $64.5M | $47.4M | $34.1M | $117M |
| Net income | $87.8M | $93.9M | $118M | $113M | $97.0M | $168M | $176M | $128M | $116M | $291M |
| Diluted EPS | $1.38 | $1.45 | $1.82 | $1.74 | $1.39 | $2.19 | $2.35 | $1.71 | $1.05 | $2.23 |
| Diluted shares | 0.06B | 0.06B | 0.07B | 0.06B | 0.07B | 0.08B | 0.07B | 0.07B | 0.11B | 0.13B |
| Cash flow | ||||||||||
| Cash from operations | $127M | $117M | $156M | $137M | $103M | $157M | $200M | $173M | $426M | $442M |
| Capital expenditure | $5.0M | $3.2M | $3.2M | $4.9M | $12.8M | $13.8M | $9.4M | $7.5M | $1.3M | $11.5M |
| Free cash flow | $122M | $114M | $153M | $132M | $90.5M | $143M | $191M | $166M | $425M | $431M |
| Depreciation and amortization | $12.8M | $11.6M | $10.1M | $10.4M | $11.0M | $12.7M | $13.1M | $11.7M | $41.5M | $51.3M |
| Share buybacks | $1.6M | $0.4M | $13.2M | $19.9M | $21.2M | $20.7M | $46.5M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $45.4M | $60.0M | $53.6M | $72.8M | $65.8M | $71.5M | $72.0M | $72.4M | $101M | $126M |
| Dividends and buybacks | $46.9M | $60.4M | $66.8M | $92.7M | $87.0M | $92.2M | $119M | $72.4M | $101M | $126M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $144M | $191M | $105M | $146M | $418M | $685M | $186M | $180M | $206M | $209M |
| Loans, net | $6.9B | $7.3B | $7.2B | $7.3B | $9.7B | $9.5B | $10.2B | $10.8B | $18.6B | $19.3B |
| Deposits | $6.6B | $6.7B | $6.8B | $7.1B | $9.8B | $11.2B | $10.6B | $10.3B | $18.6B | $19.3B |
| Property and equipment, net | $84.1M | $63.2M | $58.1M | $55.2M | $75.9M | $80.6M | $79.8M | $71.0M | $120M | $113M |
| Goodwill | $412M | $412M | $412M | $421M | $443M | $444M | $444M | $444M | $624M | $624M |
| Total assets | $9.5B | $9.8B | $9.7B | $9.8B | $12.9B | $13.8B | $13.8B | $14.2B | $24.1B | $25.0B |
| Total liabilities | $8.2B | $8.5B | $8.4B | $8.4B | $11.3B | $12.1B | $12.2B | $12.5B | $21.5B | $22.1B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $1.3B | $1.3B | $1.4B | $1.4B | $1.6B | $1.7B | $1.6B | $1.7B | $2.6B | $2.8B |
| Margins | ||||||||||
| Net margin | 244.6% | 257.5% | 317.5% | 272.4% | 212.9% | 291.7% | 319.4% | 223.2% | 169.2% | 398.3% |
| FCF margin | 340.7% | 312.5% | 409.2% | 319.3% | 198.7% | 248.5% | 347.2% | 288.4% | 622.5% | 589.2% |
| Net interest share of revenue | 720.3% | 762.6% | 806.4% | 720.5% | 686.5% | 635.9% | 759.4% | 694.4% | 879.5% | 1,040.3% |
| Efficiency ratio | 511.9% | 514.8% | 514.3% | 487.4% | 500.1% | 434.4% | 473.3% | 478.6% | 670.0% | 627.4% |
| Returns | ||||||||||
| Return on equity | 7.0% | 7.4% | 8.9% | 8.1% | 6.4% | 10.1% | 10.7% | 7.8% | 5.4% | 10.7% |
| Return on assets | 0.9% | 1.0% | 1.2% | 1.2% | 0.9% | 1.3% | 1.3% | 0.9% | 0.6% | 1.2% |
| Return on tangible equity | 10.5% | 10.6% | 12.5% | 11.3% | 8.2% | 13.4% | 15.2% | 10.3% | 5.8% | 13.2% |
| Growth | ||||||||||
| Revenue growth | — | 1.6% | 2.2% | 10.9% | 10.1% | 26.4% | −4.5% | 4.6% | 18.7% | 7.1% |
| Net income growth | — | 7.0% | 26.0% | −4.9% | −13.9% | 73.2% | 4.6% | −26.9% | −10.0% | 152.0% |
| EPS growth | — | 5.1% | 25.5% | −4.4% | −20.1% | 57.6% | 7.3% | −27.2% | −38.6% | 112.4% |
| FCF growth | — | −6.8% | 33.8% | −13.4% | −31.5% | 58.1% | 33.5% | −13.1% | 156.2% | 1.3% |
| Share count change | — | 1.1% | 0.8% | −0.6% | 7.6% | 10.0% | −2.3% | 0.1% | 46.5% | 19.0% |
| Financial health | ||||||||||
| Loans / deposits | 105.9% | 108.2% | 105.3% | 102.5% | 98.8% | 84.6% | 96.2% | 104.6% | 100.0% | 100.3% |
| Provision / loans | 0.1% | 0.1% | 0.3% | 0.2% | 0.3% | −0.3% | 0.1% | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 13.9% | 8.9% | 8.5% | 11.8% | 28.2% | 24.0% | 17.1% | 13.0% | 1.9% | 15.8% |
| Payouts / FCF | 38.4% | 53.0% | 43.8% | 70.2% | 96.1% | 64.5% | 62.1% | 43.7% | 23.8% | 29.2% |
| Quality scores | ||||||||||
| Accruals ratio | −0.4% | −0.2% | −0.4% | −0.2% | −0.1% | 0.1% | −0.2% | −0.3% | −1.6% | −0.6% |
Source: SEC EDGAR XBRL filings (CIK 0001178970). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.