PROVIDENT FINANCIAL SERVICES INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PROVIDENT FINANCIAL SERVICES INC reported net income of $291.2M (+152.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Real estate secured loans | $773.2M | $655.9M | $408.9M | $304.3M |
| Commercial loans | $318.3M | $251.8M | $128.9M | $99.0M |
| Consumer loans | $42.0M | $36.6M | $18.4M | $14.4M |
| Available for sale debt securities and Federal Home Loan Bank stock | $128.6M | $85.9M | $46.8M | $36.6M |
| Held to maturity debt securities | $7.7M | $8.9M | $9.4M | $9.9M |
| Deposits, federal funds sold and other short-term investments | $3.0M | $7.1M | $3.4M | $2.0M |
| Total interest and dividend income | $1.3B | $1.0B | $615.8M | $466.2M |
| Deposits | $400.0M | $349.5M | $159.5M | $38.7M |
| Borrowed funds | $78.8M | $73.5M | $55.9M | $9.3M |
| Subordinated debentures | $33.5M | $22.5M | $1.1M | $615.0K |
| Total interest expense | $512.2M | $445.5M | $216.4M | $48.6M |
| Net interest income | $760.6M | $600.6M | $399.5M | $417.6M |
| Provision charge for credit losses | $3.6M | $87.6M | $27.9M | — |
| Net interest income after provision for credit losses | $757.0M | $513.0M | $371.6M | $409.2M |
| Fees | $42.8M | $34.1M | $24.4M | $28.1M |
| Wealth management income | $29.3M | $30.5M | $27.7M | $27.9M |
| Insurance agency income | $18.3M | $16.2M | $13.9M | $11.4M |
| Bank-owned life insurance | $10.1M | $11.7M | $6.5M | $6.0M |
| Net gain (loss) on securities transactions | $843.0K | ($3.0M) | $30.0K | $181.0K |
| Other income | $8.5M | $4.5M | $7.3M | $14.2M |
| Total non-interest income | $109.8M | $94.1M | $79.8M | $87.8M |
| Compensation and employee benefits | $253.1M | $218.3M | $148.5M | $147.2M |
| Net occupancy expense | $52.8M | $45.0M | $32.3M | $34.6M |
| Data processing expense | $37.4M | $35.6M | $23.0M | $21.8M |
| FDIC Insurance | $12.9M | $13.0M | $8.6M | $5.2M |
| Advertising and promotion expense | $5.5M | $5.1M | $4.8M | $5.2M |
| Amortization of intangibles | $37.1M | $28.9M | $3.0M | $3.3M |
| Merger-related expenses | $0 | $56.9M | $7.8M | — |
| Other operating expenses | $59.8M | $54.7M | $47.4M | $43.0M |
| Total non-interest expense | $458.7M | $457.5M | $275.6M | $256.8M |
| Income before income tax expense | $408.2M | $149.6M | $175.8M | $240.1M |
| Income tax expense | $117.0M | $34.1M | $47.4M | $64.5M |
| Net income | $291.2M | $115.5M | $128.4M | $175.6M |
| Basic earnings per share (in dollars per share) | $2.23 | $1.05 | $1.72 | $2.35 |
| Average basic shares outstanding (in shares) | 130.5M | 109.7M | 74.8M | 74.7M |
| Diluted earnings per share (in dollars per share) | $2.23 | $1.05 | $1.71 | $2.35 |
| Average diluted shares outstanding (in shares) | 130.5M | 109.7M | 74.9M | 74.8M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Real estate secured loans | $195.4M | $191.5M | $197.3M | $192.8M |
| Commercial loans | $82.8M | $77.9M | $81.9M | $78.9M |
| Consumer loans | $10.0M | $9.9M | $10.8M | $10.5M |
| Available for sale debt securities, equity securities and Federal Home Loan Bank stock | $36.0M | $33.3M | $33.6M | $31.4M |
| Held to maturity debt securities | $1.8M | $1.8M | $1.9M | $2.0M |
| Due from banks, Federal funds sold and other short-term investments | $751.0K | $686.0K | $764.0K | $788.0K |
| Total interest and dividend income | $326.6M | $315.1M | $326.3M | $316.3M |
| Deposits | $91.8M | $91.9M | $102.1M | $96.3M |
| Borrowed funds | $23.7M | $21.0M | $21.3M | $24.5M |
| Subordinated debt | $8.4M | $8.4M | $8.5M | $8.5M |
| Total interest expense | $123.9M | $121.3M | $131.9M | $129.2M |
| Net interest income | $202.7M | $193.7M | $194.3M | $187.1M |
| Provision charge for credit losses | $9.3M | ($2.1M) | $7.0M | ($2.9M) |
| Net interest income after provision for credit losses | $193.3M | $195.9M | $187.3M | $190.0M |
| Fees | $12.3M | $10.5M | $11.3M | $10.7M |
| Wealth management income | $7.5M | $7.4M | $7.3M | $6.9M |
| Insurance agency income | $5.4M | $6.8M | $3.9M | $4.9M |
| Bank-owned life insurance | $3.8M | $4.0M | $2.7M | $2.6M |
| Net gain (loss) on securities transactions | ($309.0K) | $0 | $67.0K | $0 |
| Gain on sale of SBA loans | $945.0K | — | — | — |
| Other income | $2.3M | $2.7M | $2.2M | $1.9M |
| Total non-interest income | $32.0M | $31.5M | $27.4M | $27.1M |
| Compensation and employee benefits | $67.3M | $66.2M | $63.2M | $63.2M |
| Net occupancy expense | $12.5M | $15.0M | $12.8M | $13.0M |
| Data processing expense | $9.4M | $9.6M | $9.1M | $9.6M |
| FDIC insurance | $3.2M | $2.8M | $3.4M | $3.3M |
| Amortization of intangibles | $8.6M | $8.6M | $9.5M | $9.5M |
| Advertising and promotion expense | $1.5M | $938.0K | $1.6M | $1.4M |
| Core system conversion expense | $1.5M | — | $0 | $0 |
| Other operating expenses | $15.4M | $14.0M | $13.5M | $14.5M |
| Total non-interest expense | $119.3M | $117.1M | $113.1M | $114.6M |
| Income before income tax expense | $106.1M | $110.2M | $101.6M | $102.4M |
| Income tax expense | $27.9M | $30.8M | $29.9M | $30.5M |
| Net income | $78.1M | $79.4M | $71.7M | $72.0M |
| Basic earnings per share (in dollars per share) | $0.60 | $0.61 | $0.55 | $0.55 |
| Weighted average basic shares outstanding (in shares) | 130.3M | 130.5M | 130.5M | 130.5M |
| Diluted earnings per share (in dollars per share) | $0.60 | $0.61 | $0.55 | $0.55 |
| Weighted average diluted shares outstanding (in shares) | 130.4M | 130.6M | 130.6M | 130.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $211.5M | $205.9M | $180.2M | $186.5M |
| Available for sale debt securities, at fair value | $3.2B | $2.8B | $1.7B | $1.8B |
| Held to maturity debt securities, (net of $16,000 allowance as of December 31, 2025 and $14,000 as of December 31, 2024, respectively) | $282.1M | $327.6M | $363.1M | $387.9M |
| Equity securities, at fair value | $19.9M | $19.1M | $1.3M | $1.1M |
| Federal Home Loan Bank and other stock | $115.7M | $112.8M | — | — |
| Loans held for sale | $14.7M | $162.5M | — | — |
| Loans held for investment | $19.5B | $18.7B | $10.9B | $10.2B |
| Less allowance for credit losses | $184.8M | $193.4M | $107.2M | $88.0M |
| Net loans | $19.3B | $18.6B | $10.8B | $10.2B |
| Foreclosed assets, net | $2.0M | $9.5M | $11.7M | $2.1M |
| Banking premises and equipment, net | $113.3M | $119.6M | $71.0M | $79.8M |
| Accrued interest receivable | $95.8M | $91.2M | $59.0M | $51.9M |
| Intangible assets | $782.2M | $819.2M | $457.9M | $460.9M |
| Bank-owned life insurance | $414.4M | $405.9M | $243.1M | $239.0M |
| Other assets | $445.1M | $543.7M | $287.8M | $341.1M |
| Total assets | $25.0B | $24.1B | $14.2B | $13.8B |
| Demand deposits | $14.4B | $13.8B | $8.0B | $8.4B |
| Savings deposits | $1.6B | $1.7B | $1.2B | $1.4B |
| Certificates of deposit of $250,000 or more | $930.0M | $789.3M | $218.5M | $504.6M |
| Other time deposits | $2.4B | $2.4B | $877.4M | $246.8M |
| Total deposits | $19.3B | $18.6B | $10.3B | $10.6B |
| Mortgage escrow deposits | $40.3M | $42.2M | $36.8M | $35.7M |
| Borrowed funds | $2.1B | $2.0B | $2.0B | $1.3B |
| Subordinated debentures | $406.6M | $401.6M | $10.7M | $10.5M |
| Other liabilities | $310.0M | $362.5M | $210.1M | $239.1M |
| Total liabilities | $22.1B | $21.5B | $12.5B | $12.2B |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,619,949 shares outstanding as of December 31, 2025, and 130,489,493 shares outstanding as of December 31, 2024 | 1.4M | 1.4M | 832.0K | 832.0K |
| Additional paid-in capital | $1.8B | $1.8B | $989.1M | $981.1M |
| Retained earnings | $1.2B | $989.1M | $974.5M | $918.2M |
| Accumulated other comprehensive (loss) income, net of tax | ($76.2M) | ($135.4M) | ($141.1M) | ($165.0M) |
| Treasury stock | ($91.3M) | ($88.4M) | ($127.8M) | ($127.2M) |
| Total stockholders’ equity | $2.8B | $2.6B | $1.7B | $1.6B |
| Total liabilities and stockholders’ equity | $25.0B | $24.1B | $14.2B | $13.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $228.3M | $222.1M | — | — |
| Available for sale debt securities, at fair value | $3.3B | $3.2B | $3.1B | $3.0B |
| Held to maturity debt securities, (net of $22,000 allowance as of June 30, 2026 (unaudited) and $16,000 allowance as of December 31, 2025) | $266.2M | $267.7M | $292.1M | $308.7M |
| Equity securities, at fair value | $20.1M | $19.9M | $19.7M | $19.4M |
| Federal Home Loan Bank stock | $130.7M | $132.5M | $119.6M | $127.0M |
| Loans held for sale | $5.5M | $7.5M | $14.3M | $6.9M |
| Loans held for investment | $20.0B | $19.6B | $19.3B | $19.1B |
| Less allowance for credit losses | $184.7M | $177.0M | $187.0M | $187.9M |
| Net loans | $19.9B | $19.5B | $19.1B | $18.9B |
| Foreclosed assets, net | $963.0K | $2.0M | $2.0M | $963.0K |
| Banking premises and equipment, net | $112.2M | $110.4M | $113.1M | $115.7M |
| Accrued interest receivable | $98.1M | $97.7M | $94.6M | $92.7M |
| Intangible assets | $765.0M | $773.6M | $790.7M | $800.2M |
| Bank-owned life insurance | $415.3M | $413.3M | $412.3M | $409.9M |
| Other assets | $473.5M | $444.2M | $432.3M | $470.0M |
| Total assets | $25.7B | $25.2B | $24.8B | $24.5B |
| Demand deposits | $14.5B | $14.3B | $14.2B | $13.8B |
| Savings deposits | $1.6B | $1.6B | $1.6B | $1.6B |
| Certificates of deposit of $250,000 or more | $965.7M | $942.7M | $886.1M | $842.4M |
| Other time deposits | $2.5B | $2.2B | $2.5B | $2.4B |
| Total deposits | $19.5B | $19.1B | $19.1B | $18.7B |
| Mortgage escrow deposits | $47.8M | $48.3M | $46.3M | $50.3M |
| Borrowed funds | $2.4B | $2.5B | $2.2B | $2.4B |
| Subordinated debentures | $409.1M | $407.8M | $405.3M | $404.1M |
| Other liabilities | $346.8M | $299.4M | $308.6M | $302.2M |
| Total liabilities | $22.8B | $22.3B | $22.1B | $21.8B |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,423,051 shares outstanding as of June 30, 2026 and 130,619,949 outstanding as of December 31, 2025 | 1.4M | 1.4M | 1.4M | 1.4M |
| Additional paid-in capital | $1.9B | $1.8B | $1.8B | $1.8B |
| Retained earnings | $1.3B | $1.2B | $1.1B | $1.1B |
| Accumulated other comprehensive loss | ($91.9M) | ($86.4M) | ($87.2M) | ($103.8M) |
| Treasury stock | ($102.8M) | ($102.2M) | ($91.3M) | ($91.3M) |
| Total stockholders’ equity | $2.9B | $2.9B | $2.8B | $2.7B |
| Total liabilities and stockholders’ equity | $25.7B | $25.2B | $24.8B | $24.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $291.2M | $115.5M | $128.4M | $175.6M |
| Depreciation and amortization expense | $51.3M | $41.5M | $11.7M | $13.1M |
| Provision charge for credit losses on loans and securities | $4.1M | $87.6M | — | — |
| Provision (benefit) charge for credit losses on off-balance sheet credit exposures | ($545.0K) | — | $264.0K | ($3.4M) |
| Deferred tax expense (benefit) | $24.5M | ($12.3M) | $2.7M | $2.2M |
| Amortization of operating lease right-of-use assets | $14.2M | $13.1M | $10.5M | $10.6M |
| Income on Bank-owned life insurance | ($10.1M) | ($11.7M) | ($6.5M) | ($6.0M) |
| Net amortization of premiums and discounts on securities | $16.7M | $7.1M | $8.3M | $12.7M |
| Accretion of net deferred loan fees | ($7.1M) | ($7.2M) | ($8.7M) | ($9.3M) |
| Amortization of premiums on purchased loans, net | $275.0K | $314.0K | $206.0K | $270.0K |
| Originations of loans held for sale | ($86.0M) | ($70.0M) | ($19.4M) | ($22.3M) |
| Loans transferred to held for sale | $0 | $151.3M | — | — |
| Proceeds from sales of loans held for sale | $208.9M | $62.4M | $22.9M | $20.5M |
| ESOP expense | $0 | $2.6M | $3.1M | $4.1M |
| Allocation of stock award shares | 10.4M | 9.5M | 7.6M | 9.4M |
| Allocation of stock options | $17.0K | $77.0K | $144.0K | $198.0K |
| Net gain on sale of loans | ($3.9M) | ($1.8M) | ($2.0M) | ($1.5M) |
| Net (gain) loss on securities transactions | ($843.0K) | $3.0M | ($30.0K) | ($181.0K) |
| Net (gain) loss on sale of premises and equipment | ($681.0K) | $0 | $154.0K | ($22.0K) |
| Net loss (gain) on sale of foreclosed assets | $11.0K | ($214.0K) | ($2.9M) | ($8.5M) |
| Increase in accrued interest receivable | ($4.6M) | ($5.0M) | ($7.1M) | ($9.9M) |
| (Increase) decrease in other assets | ($13.1M) | $23.2M | $25.1M | ($56.3M) |
| (Decrease) increase in other liabilities | ($52.5M) | $17.3M | ($29.0M) | $60.5M |
| Net cash provided by operating activities | $442.3M | $426.4M | $173.4M | $200.3M |
| Net increase in loans | ($817.7M) | ($194.0M) | ($625.7M) | ($649.2M) |
| Purchases of loans | ($321.0K) | $0 | ($9.3M) | ($7.0M) |
| Proceeds from sales of loans held for investment | $0 | $0 | $2.0M | — |
| Proceeds from sales of foreclosed assets | $5.8M | $708.0K | $4.3M | $16.2M |
| Proceeds from maturities, calls and paydowns of investment securities held to maturity | $60.0M | $51.8M | $40.8M | $73.8M |
| Purchases of investment securities held to maturity | ($15.3M) | ($18.4M) | ($17.1M) | ($27.0M) |
| Proceeds from sales of securities available for sale | $1.7M | $566.9M | $0 | $0 |
| Proceeds from maturities calls and paydowns of securities available for sale | $511.8M | $335.3M | $189.5M | $278.8M |
| Purchases of available for sale debt securities | ($787.1M) | ($404.0M) | ($40.1M) | ($290.4M) |
| Proceeds from redemption of Federal Home Loan Bank stock | $379.4M | $205.1M | $212.5M | $163.0M |
| Purchases of Federal Home Loan Bank stock | ($382.3M) | ($238.0M) | ($223.2M) | ($197.3M) |
| Cash received, net of cash consideration paid for acquisition | $0 | $194.5M | — | $0 |
| BOLI claim benefits received | $906.0K | $9.0M | $3.9M | $970.0K |
| Proceeds from sales of premises and equipment | $2.3M | $0 | $105.0K | $22.0K |
| Purchases of premises and equipment | ($11.5M) | ($1.3M) | ($7.5M) | ($9.4M) |
| Net cash (used in) provided by investing activities | ($1.1B) | $507.7M | ($469.6M) | ($647.6M) |
| Net increase (decrease) in deposits | $654.9M | ($291.6M) | ($270.5M) | ($671.0M) |
| (Decrease) increase in mortgage escrow deposits | ($2.0M) | ($122.0K) | $1.1M | $1.3M |
| Purchase of treasury stock | $0 | $0 | $0 | ($46.5M) |
| Purchase of employee restricted shares to fund statutory tax withholding | -2.9M | -1.3M | -1.7M | -1.0M |
| Cash dividends paid to stockholders | ($125.9M) | ($101.0M) | ($72.4M) | ($72.0M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $157.6M | $79.4M | $207.7M | $136.0M |
| Depreciation and amortization expense | $23.6M | $11.8M | $39.4M | $26.3M |
| Provision for credit losses on loans and securities | $4.9M | ($4.7M) | $2.2M | ($2.3M) |
| Provision charge for credit losses on off-balance sheet credit exposures | $2.3M | $2.5M | $2.6M | $69.0K |
| Deferred tax expense | $3.7M | $4.7M | $13.9M | $7.2M |
| Amortization of operating lease right-of-use assets | $7.3M | $3.7M | $10.4M | $7.0M |
| Income on Bank-owned life insurance | ($7.8M) | ($4.0M) | ($7.3M) | ($4.7M) |
| Net amortization of premiums and discounts on securities | $8.6M | $3.7M | $12.4M | $8.4M |
| Accretion of net deferred loan fees | ($4.5M) | ($2.0M) | ($4.8M) | ($3.0M) |
| Amortization of premiums on purchased loans, net | $152.0K | $78.0K | $187.0K | $129.0K |
| Originations of loans held for sale | ($24.9M) | ($14.1M) | ($62.3M) | ($36.1M) |
| Proceeds from sales of loans held for sale | $30.0M | $18.4M | $186.1M | $170.7M |
| Allocation of stock award expense | 5.1M | 2.7M | 7.4M | 4.8M |
| Allocation of stock option expense | $0 | $0 | $17.0K | $17.0K |
| Net gain on sale of loans | ($2.1M) | ($967.0K) | ($2.7M) | ($1.8M) |
| Net loss (gain) on securities transactions | $309.0K | $0 | ($153.0K) | ($87.0K) |
| Net gain on sale of premises and equipment | ($992.0K) | ($1.2M) | ($681.0K) | ($624.0K) |
| Net (gain) loss on sale of foreclosed assets | ($117.0K) | — | $11.0K | $11.0K |
| Increase in accrued interest receivable | ($2.3M) | ($1.9M) | ($3.5M) | ($1.6M) |
| (Increase) decrease in other assets | ($34.0M) | ($3.0M) | $26.5M | $25.1M |
| Increase (decrease) in other liabilities | $36.8M | ($10.6M) | ($53.9M) | ($60.4M) |
| Net cash provided by operating activities | $203.5M | $84.7M | $373.3M | $275.3M |
| Net increase in loans | ($535.3M) | ($139.8M) | ($601.1M) | ($419.6M) |
| Purchases of loans | $0 | $0 | ($321.0K) | ($321.0K) |
| Proceeds from sales of foreclosed assets | $1.1M | — | $5.8M | $0 |
| Proceeds from maturities, calls and paydowns of held to maturity debt securities | $25.6M | $15.2M | $48.4M | $29.4M |
| Purchases of investment securities held to maturity | ($10.0M) | ($842.0K) | ($13.5M) | ($10.9M) |
| Proceeds from sales of available for sale debt securities | $23.9M | $0 | $1.7M | $1.7M |
| Proceeds from maturities, calls and paydowns of available for sale debt securities | $271.3M | $101.3M | $346.6M | $242.9M |
| Purchases of available for sale debt securities | ($437.7M) | ($190.4M) | ($622.8M) | ($430.0M) |
| Proceeds from redemption of Federal Home Loan Bank stock | $199.0M | $101.7M | $269.1M | $185.7M |
| Purchases of Federal Home Loan Bank stock | ($214.0M) | ($118.5M) | ($275.9M) | ($199.9M) |
| BOLI claim benefits received | $4.0M | $0 | $906.0K | $906.0K |
| Proceeds from sales of premises and equipment | $2.8M | $2.7M | $2.3M | $2.3M |
| Purchases of premises and equipment | ($13.9M) | ($3.7M) | ($6.7M) | ($5.3M) |
| Net cash (used in) investing activities | ($683.1M) | ($232.4M) | ($845.5M) | ($603.2M) |
| Net increase in deposits | $266.5M | ($178.4M) | $472.4M | $84.7M |
| Increase in mortgage escrow deposits | $7.5M | $8.1M | $4.0M | $8.0M |
| Cash dividends paid to stockholders | ($61.7M) | ($31.4M) | ($94.6M) | ($63.2M) |
| Purchase of treasury stock | ($10.3M) | ($10.3M) | — | — |
| Purchase of employee restricted shares to fund statutory tax withholding | -2.7M | -2.1M | -2.9M | -2.8M |
| Stock options exercised | $1.5M | $1.4M | — | — |
| Proceeds from long-term borrowings | $50.0M | $50.0M | $554.5M | — |
| Payments on long-term borrowings | ($102.8M) | ($2.8M) | ($352.4M) | ($327.7M) |
| Net increase in short-term borrowings | $348.4M | $323.8M | ($13.2M) | $177.4M |
PROVIDENT FINANCIAL SERVICES INC score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.