NYSE · Financial Statements

Provident Financial Services, Inc (PFS) Financial Statements

$23.44 NYSE: PFS Market Cap $3.06B

Provident Financial Services, Inc most recently reported annual revenue of $1.4B, net profit of $291.0M. Revenue grew at an average annual rate of 26.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Provident Financial Services, Inc: Revenue rose from $358.0M in 2016 to $1.4B in 2025, a change of +286.3% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 34.9% to 29.5%, a shift of -5.4 percentage points; the most recent year shows net profit of $291.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$358.0M$380.0M$419.0M$435.0M$436.0M$489.0M$554.0M$696.0M$1.1B$1.4B
Operating Expenses$233.0M$239.0M$275.0M$288.0M$308.0M$262.0M$314.0M$520.0M$991.0M$974.0M
Operating Profit$125.0M$140.0M$144.0M$147.0M$128.0M$227.0M$240.0M$176.0M$150.0M$408.0M
Operating Margin34.9%37.0%34.4%33.8%29.3%46.4%43.3%25.3%13.1%29.5%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$44.0M$46.0M$59.0M$73.0M$51.0M$36.0M$49.0M$216.0M$446.0M$512.0M
Depreciation$13.0M$12.0M$10.0M$19.0M$20.0M$23.0M$24.0M$22.0M$55.0M$66.0M
Profit Before Tax$125.0M$140.0M$144.0M$147.0M$128.0M$227.0M$240.0M$176.0M$150.0M$408.0M
Tax$29.6M$33.1M$17.7M$23.4M$24.0M$26.1M$26.9M$26.9M$22.8M$28.7M
Net Profit$88.0M$94.0M$118.0M$113.0M$97.0M$168.0M$176.0M$128.0M$116.0M$291.0M
EPS$1.38$1.45$1.82$1.74$1.39$2.19$2.35$1.71$1.05$2.23
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$178.0M$183.0M$185.0M$270.0M$318.0M$296.0M$332.0M$343.0M$354.0M$353.0M$347.0M$327.0M
Operating Expenses$140.0M$143.0M$142.0M$291.0M$253.0M$233.0M$241.0M$241.0M$252.0M$241.0M$236.0M$253.0M
Operating Profit$37.0M$40.0M$43.0M$-21.0M$65.0M$63.0M$92.0M$102.0M$102.0M$112.0M$110.0M$74.0M
Operating Margin21.1%21.7%23.3%-7.9%20.5%21.2%27.6%29.8%28.7%31.8%31.8%22.7%
Interest$62.0M$68.0M$70.0M$106.0M$139.0M$130.0M$124.0M$129.0M$132.0M$127.0M$121.0M$124.0M
Profit Before Tax$37.0M$40.0M$43.0M$-21.0M$65.0M$63.0M$92.0M$102.0M$102.0M$112.0M$110.0M$106.0M
Tax$23.6M$31.3M$25.3M$46.1M$28.9M$22.6M$30.3M$29.7M$29.4M$25.7M$27.9M$26.3M
Net Profit$29.0M$27.0M$32.0M$-11.0M$46.0M$49.0M$64.0M$72.0M$72.0M$83.0M$79.0M$78.0M
EPS$0.38$0.36$0.43$-0.11$0.36$0.37$0.49$0.55$0.55$0.64$0.61$0.60

Over the 10 years reported for Provident Financial Services, Inc, borrowings increased from $1.6B in 2016 to $2.5B in 2025, cash stood at $211.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.18 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.5B$9.8B$9.7B$9.8B$12.9B$13.8B$13.8B$14.2B$24.1B$25.0B
Current Assets$1.2B$1.3B$1.2B$1.2B$1.7B$2.8B$2.0B$1.9B$3.1B$3.5B
Cash$144.0M$191.0M$143.0M$187.0M$532.0M$712.0M$186.0M$180.0M$206.0M$211.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$27.0M$30.0M$31.0M$29.0M$46.0M$42.0M$52.0M$59.0M$91.0M$96.0M
Fixed Assets$84.0M$63.0M$58.0M$55.0M$76.0M$81.0M$80.0M$71.0M$120.0M$113.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$8.5B$8.8B$8.7B$8.7B$11.3B$12.0B$12.4B$12.8B$21.7B$3.2B
Other Assets$412.0M$412.0M$412.0M$421.0M$443.0M$444.0M$444.0M$444.0M$624.0M$0
Total Liabilities$8.2B$8.5B$8.4B$8.4B$11.3B$12.1B$12.2B$12.5B$21.5B$22.1B
Current Liabilities$6.7B$6.9B$7.0B$7.2B$10.0B$11.4B$10.7B$10.4B$18.8B$19.4B
Borrowings$1.6B$1.7B$1.4B$1.1B$1.2B$637.0M$1.3B$1.5B$2.4B$2.5B
Other Liabilities$6.6B$6.8B$6.9B$7.3B$10.1B$11.4B$10.8B$11.0B$19.0B$19.6B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$1.3B$1.3B$1.4B$1.4B$1.6B$1.7B$1.6B$1.7B$2.6B$2.8B

For Provident Financial Services, Inc, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $431.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$127.0M$117.0M$156.0M$137.0M$103.0M$157.0M$200.0M$173.0M$426.0M$442.0M
Investing Cash Flow$-586.0M$-310.0M$44.0M$38.0M$-517.0M$-730.0M$-657.0M$-477.0M$506.0M$-1.1B
Financing Cash Flow$634.0M$164.0M$102.0M$252.0M$963.0M$1.4B$-717.0M$-269.0M$-293.0M$653.0M
Net Cash Flow$42.0M$47.0M$-48.0M$44.0M$272.0M$180.0M$-526.0M$-6.0M$26.0M$6.0M
Free Cash Flow$122.0M$114.0M$153.0M$132.0M$90.0M$143.0M$191.0M$166.0M$425.0M$431.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.26
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y37.11%
Return 3Y53.05%
Return 5Y45.44%

Provident Financial Services, Inc (PFS) financials — frequently asked questions

What is Provident Financial Services, Inc's annual revenue?

Provident Financial Services, Inc (PFS) reported annual revenue of $1.4B in its most recent fiscal year.

What is Provident Financial Services, Inc's net profit?

Provident Financial Services, Inc (PFS) reported net profit of $291.0M in its most recent fiscal year.

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