Provident Financial Services, Inc. (PFS)

PFS Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	451.38	496.95	477.17	355.28	348.67
Revenue Growth (YoY)	-9.17%	4.15%	34.31%	1.90%	3.88%
Gross Profit	451.38	496.95	477.17	355.28	348.67
Selling, General & Admin	208.58	208.69	200	183.18	163.7
Other Operating Expenses	67.02	48.16	50.05	44.55	37.88
Operating Expenses	275.6	256.85	250.05	227.73	201.58
Operating Income	175.78	240.11	227.12	127.55	147.09
Pretax Income	175.78	240.11	227.12	127.55	147.09
Income Tax	47.38	64.46	59.2	30.6	34.46
Net Income	128.4	175.65	167.92	96.95	112.63
Net Income Growth	-26.90%	4.60%	73.20%	-13.92%	-4.86%
Shares Outstanding (Basic)	75	75	76	70	65
Shares Outstanding (Diluted)	75	75	77	70	65
Shares Change	0.12%	-2.32%	9.96%	7.56%	-0.57%
EPS (Basic)	1.72	2.35	2.20	1.39	1.74
EPS (Diluted)	1.71	2.35	2.19	1.39	1.74
EPS Growth	-27.23%	7.31%	57.55%	-20.11%	-4.40%
Free Cash Flow	166.01	190.92	143.05	91.42	132.04
Free Cash Flow Per Share	2.22	2.56	1.87	1.31	2.04
Dividend Per Share	0.960	0.960	0.930	0.920	1.120
Dividend Growth	0%	3.23%	1.09%	-17.86%	36.59%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	38.94%	48.32%	47.60%	35.90%	42.19%
Profit Margin	28.45%	35.34%	35.19%	27.29%	32.30%
Free Cash Flow Margin	36.78%	38.42%	29.98%	25.73%	37.87%
Effective Tax Rate	26.95%	26.85%	26.06%	23.99%	23.42%
EBITDA	197.97	263.8	249.85	147.58	165.92
EBITDA Margin	43.86%	53.08%	52.36%	41.54%	47.59%
Depreciation & Amortization	22.19	23.69	22.73	20.02	18.83
EBIT	175.78	240.11	227.12	127.55	147.09
EBIT Margin	38.94%	48.32%	47.60%	35.90%	42.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).