Provident Financial Services, Inc. (PFS)

PFS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,126	944.3	556.24	417.65	365.07	324
Interest Income on Investments	133.67	101.84	59.59	48.53	37.27	39.31
Total Interest Income	1,260	1,046	615.82	466.18	402.34	363.31
Interest Paid on Deposits	401.69	349.52	159.46	38.7	26.51	33.59
Interest Paid on Borrowings	113.3	96	56.91	9.93	9.8	17.15
Total Interest Expense	514.99	445.52	216.37	48.63	36.32	50.74
Net Interest Income	744.89	600.61	399.45	417.55	366.02	312.57
Net Interest Income Growth (YoY)	44.73%	50.36%	-4.33%	14.08%	17.10%	4.90%
Trust Income	29.28	30.53	27.67	27.87	30.76	25.73
Gain (Loss) on Sale of Assets	-	-	-0.15	0.02	0.04	0.95
Gain (Loss) on Sale of Investments	0.14	-2.99	0.03	0.18	0.26	0.08
Other Non-Interest Income	76.28	66.57	52.28	59.72	52.36	45.67
Total Non-Interest Income	105.7	94.11	79.83	87.79	83.41	72.43
Non-Interest Income Growth (YoY)	18.89%	17.89%	-9.07%	5.25%	15.16%	13.54%
Revenues Before Loan Losses	850.59	694.73	479.28	505.34	449.43	385
Provision for Loan Losses	13.67	87.56	28.17	5	-24.34	29.72
Revenue	836.92	607.16	451.12	500.34	473.77	355.28
Revenue Growth (YoY)	59.19%	34.59%	-9.84%	5.61%	33.35%	1.90%
Salaries and Employee Benefits	236.56	206.15	137.7	133.46	133.4	122.88
Occupancy Expenses	36.13	28.87	18.58	34.57	32.93	27.14
Federal Deposit Insurance	13.56	12.96	8.58	5.2	6.26	3.12
Amortization of Goodwill & Intangibles	38.01	28.93	2.95	3.29	3.66	3.43
Selling, General & Administrative	72.14	69.07	52.3	40.67	33.68	33.16
Other Non-Interest Expense	61.73	54.71	47.4	38.93	40.13	38.01
Total Non-Interest Expense	458.11	400.68	267.51	256.1	250.05	227.73
EBT Excluding Unusual Items	378.8	206.48	183.61	244.23	223.72	127.55
Other Unusual Items	-	-	-	-	3.4	-
Pretax Income	358.62	149.62	175.78	240.11	227.12	127.55
Income Tax Expense	102.37	34.09	47.38	64.46	59.2	30.6
Net Income	256.25	115.53	128.4	175.65	167.92	96.95
Net Income to Common	256.25	115.53	128.4	175.65	167.92	96.95
Net Income Growth	171.70%	-10.03%	-26.90%	4.60%	73.20%	-13.92%
Basic Shares Outstanding	130	110	75	75	76	70
Diluted Shares Outstanding	130	110	75	75	77	70
Shares Change (YoY)	36.13%	46.53%	0.12%	-2.32%	9.96%	7.56%
EPS (Basic)	1.97	1.05	1.72	2.35	2.20	1.39
EPS (Diluted)	1.96	1.05	1.71	2.35	2.19	1.39
EPS Growth	99.22%	-38.60%	-27.23%	7.31%	57.55%	-20.11%
Dividend Per Share	0.240	0.960	0.960	0.960	0.930	0.920
Dividend Growth	-75.00%	-	-	3.23%	1.09%	-
Effective Tax Rate	28.54%	22.79%	26.96%	26.85%	26.06%	23.99%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q