Provident Financial Services, Inc. (PFS)

PFS Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	244.02	180.19	186.44	685.16	418.05	109.75
Investment Securities	1,106	768.85	765.48	786.47	614.35	481.03
Trading Asset Securities	142.04	105.16	151.19	66.5	109.11	39.31
Mortgage-Backed Securities	1,971	1,286	1,427	1,709	943.08	950.35
Total Investments	3,219	2,160	2,344	2,562	1,667	1,471
Gross Loans	18,811	10,886	10,263	9,595	9,841	7,341
Allowance for Loan Losses	-191.18	-107.2	-88.02	-80.74	-101.47	-55.53
Other Adjustments to Gross Loans	-16.62	-12.46	-14.14	-13.71	-18.53	-7.9
Net Loans	18,603	10,767	10,161	9,501	9,721	7,277
Property, Plant & Equipment	190.44	127.91	140.37	129.37	75.95	55.21
Goodwill	-	443.62	443.62	443.62	443	420.56
Other Intangible Assets	839.22	13.77	16.65	19.87	22.58	15.9
Accrued Interest Receivable	89.87	58.97	51.9	41.99	46.45	29.03
Restricted Cash	0.07	0.07	0.07	27.3	114.3	77
Long-Term Deferred Tax Assets	-	71.58	82.23	22.96	30.1	18.8
Other Real Estate Owned & Foreclosed	9.8	11.65	2.12	8.73	4.48	2.72
Other Long-Term Assets	744.47	297.72	286.81	305.21	317.38	274.28
Total Assets	24,043	14,211	13,783	13,781	12,920	9,809
Interest Bearing Deposits	4,028	7,871	7,811	8,100	6,779	5,110
Institutional Deposits	800.01	218.55	108.18	368.28	717.22	438.55
Non-Interest Bearing Deposits	13,548	2,203	2,644	2,766	2,341	1,554
Total Deposits	18,376	10,293	10,563	11,234	9,838	7,103
Short-Term Borrowings	1,046	688.83	608.39	62.47	142.6	337.36
Current Portion of Long-Term Debt	641.98	537.23	98	116.76	99.94	60.74
Current Portion of Leases	3.46	10.02	-	-	-	-
Long-Term Debt	414.18	10.7	10.49	10.28	25.14	-
Federal Home Loan Bank Debt, Long-Term	664.54	834.81	753.37	510.01	1,051	766.41
Long-Term Leases	65.02	50.02	63.37	50.24	-	-
Pension & Post-Retirement Benefits	-	13.07	13.92	18.67	20.73	25.35
Other Long-Term Liabilities	210.48	83.03	75.16	81.66	122.68	102.27
Total Liabilities	21,421	12,520	12,186	12,084	11,300	8,395
Common Stock	1.38	0.83	0.83	0.83	0.83	0.83
Additional Paid-In Capital	1,871	989.06	981.14	969.82	962.45	1,007
Retained Earnings	973	974.54	918.16	814.53	718.09	695.27
Treasury Stock	-129.15	-127.83	-127.15	-79.6	-59.02	-268.5
Comprehensive Income & Other	-95.51	-146.01	-175.27	-8.48	-2.56	-21.06
Shareholders' Equity	2,621	1,691	1,598	1,697	1,620	1,414
Total Liabilities & Equity	24,043	14,211	13,783	13,781	12,920	9,809
Total Debt	2,835	2,132	1,534	749.77	1,319	1,165
Net Cash (Debt)	-2,449	-1,846	-1,196	1.9	-791.54	-1,015
Net Cash Per Share	-25.54	-24.66	-15.99	0.02	-11.37	-15.69
Filing Date Shares Outstanding	130.49	75.31	74.73	76.21	76.61	64.51
Total Common Shares Outstanding	130.45	75.25	74.57	76.07	76.43	64.33
Book Value Per Share	20.09	22.47	21.43	22.31	21.19	21.98
Tangible Book Value	1,782	1,233	1,137	1,234	1,154	977.38
Tangible Book Value Per Share	13.66	16.39	15.25	16.22	15.10	15.19

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