Provident Financial Services, Inc. (PFS)

PFS Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	166.94	180.19	186.44	685.16	418.05
Investment Securities	3,116	768.85	765.48	786.47	614.35
Trading Asset Securities	-	105.16	151.19	66.5	109.11
Mortgage-Backed Securities	-	1,286	1,427	1,709	943.08
Total Investments	3,116	2,160	2,344	2,562	1,667
Gross Loans	37,338	10,886	10,263	9,595	9,841
Allowance for Loan Losses	-193.43	-107.2	-88.02	-80.74	-101.47
Other Adjustments to Gross Loans	-19.02	-12.46	-14.14	-13.71	-18.53
Net Loans	18,466	10,767	10,161	9,501	9,721
Property, Plant & Equipment	119.62	127.91	140.37	129.37	75.95
Goodwill	-	443.62	443.62	443.62	443
Other Intangible Assets	819.23	13.77	16.65	19.87	22.58
Loans Held for Sale	162.45	-	-	-	-
Accrued Interest Receivable	91.16	58.97	51.9	41.99	46.45
Restricted Cash	-	0.07	0.07	27.3	114.3
Long-Term Deferred Tax Assets	-	71.58	82.23	22.96	30.1
Other Real Estate Owned & Foreclosed	9.47	11.65	2.12	8.73	4.48
Other Long-Term Assets	988.6	297.72	286.81	305.21	317.38
Total Assets	24,052	14,211	13,783	13,781	12,920
Interest Bearing Deposits	4,058	7,871	7,811	8,100	6,779
Institutional Deposits	789.34	218.55	108.18	368.28	717.22
Non-Interest Bearing Deposits	13,776	2,203	2,644	2,766	2,341
Total Deposits	18,624	10,293	10,563	11,234	9,838
Short-Term Borrowings	-	688.83	608.39	62.47	142.6
Current Portion of Long-Term Debt	-	537.23	98	116.76	99.94
Current Portion of Leases	-	10.02	-	-	-
Long-Term Debt	2,422	10.7	10.49	10.28	25.14
Federal Home Loan Bank Debt, Long-Term	-	834.81	753.37	510.01	1,051
Long-Term Leases	-	50.02	63.37	50.24	-
Pension & Post-Retirement Benefits	-	13.07	13.92	18.67	20.73
Other Long-Term Liabilities	404.76	83.03	75.16	81.66	122.68
Total Liabilities	21,451	12,520	12,186	12,084	11,300
Common Stock	1.38	0.83	0.83	0.83	0.83
Additional Paid-In Capital	1,834	989.06	981.14	969.82	962.45
Retained Earnings	989.11	974.54	918.16	814.53	718.09
Treasury Stock	-88.42	-127.83	-127.15	-79.6	-59.02
Comprehensive Income & Other	-135.36	-146.01	-175.27	-8.48	-2.56
Shareholders' Equity	2,601	1,691	1,598	1,697	1,620
Total Liabilities & Equity	24,052	14,211	13,783	13,781	12,920
Total Debt	2,422	2,132	1,534	749.77	1,319
Net Cash (Debt)	-2,255	-1,846	-1,196	1.9	-791.54
Net Cash Per Share	-20.55	-24.66	-15.99	0.02	-11.37
Filing Date Shares Outstanding	130.07	75.31	74.73	76.21	76.61
Total Common Shares Outstanding	130.07	75.25	74.57	76.07	76.43
Book Value Per Share	20.00	22.47	21.43	22.31	21.19
Tangible Book Value	1,782	1,233	1,137	1,234	1,154
Tangible Book Value Per Share	13.70	16.39	15.25	16.22	15.10

Source: S&P Capital IQ. Banks template. Financial Sources.