Provident Financial Services Inc income statement
In fiscal 2025, Provident Financial Services Inc reported revenue of $870m, up 25.3% on the year before and net income of $291m, or $2.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 212 | 241 | 249 | 261 | 260 | 280 | 305 | 314 | 334 | 359 | 362 | 385 | 453 | 505 | 479 | 695 | 870 | 907 |
| Interest expense | 112 | 78 | 60 | 45 | 37 | 40 | 42 | 44 | 46 | 59 | 73 | 51 | 36 | 49 | 216 | — | — | — |
| Net interest income | 181 | 209 | 216 | 217 | 216 | 239 | 250 | 259 | 278 | 301 | 298 | 313 | 366 | 418 | 399 | 601 | 761 | 788 |
| Non-interest income | 31 | 32 | 33 | 44 | 44 | 41 | 55 | 55 | 56 | 59 | 64 | 72 | 87 | 88 | 80 | 94 | 110 | 119 |
| Non-interest expense | 297 | 139 | 142 | 149 | 149 | 170 | 181 | 184 | 188 | 192 | 202 | 228 | 250 | 260 | 275 | 458 | 459 | 464 |
| Provision for credit losses | 30 | 36 | 29 | 16 | 6 | 5 | 4 | 5 | 6 | 24 | 13 | 30 | −24 | 8 | 28 | 84 | 4 | 11 |
| Income before tax | −115 | 66 | 77 | 96 | 106 | 105 | 120 | 125 | 140 | 144 | 147 | 128 | 227 | 240 | 176 | 150 | 408 | 430 |
| Income tax | 7 | 17 | 20 | 29 | 35 | 32 | 36 | 37 | 47 | 26 | 34 | 31 | 59 | 64 | 47 | 34 | 117 | 117 |
| Net income | −122 | 50 | 57 | 67 | 71 | 74 | 84 | 88 | 94 | 118 | 113 | 97 | 168 | 176 | 128 | 116 | 291 | 313 |
| Diluted EPS | −$2.16 | $0.88 | $1.01 | $1.18 | $1.23 | $1.22 | $1.33 | $1.38 | $1.45 | $1.82 | $1.74 | $1.39 | $2.19 | $2.35 | $1.71 | $1.05 | $2.23 | $2.40 |
| Diluted shares (average) | 56m | 57m | 57m | 57m | 57m | 61m | 63m | 64m | 65m | 65m | 65m | 70m | 77m | 75m | 75m | 110m | 131m | 131m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 211 | 206 | 209 | 214 | 222 | 226 | 225 | 235 |
| Net interest income | 184 | 182 | 182 | 187 | 194 | 197 | 194 | 203 |
| Non-interest income | 27 | 24 | 27 | 27 | 27 | 28 | 31 | 32 |
| Non-interest expense | 136 | 134 | 116 | 115 | 113 | 115 | 117 | 119 |
| Provision for credit losses | 10 | 8 | 0 | −3 | 5 | 2 | −5 | 10 |
| Income before tax | 65 | 63 | 92 | 102 | 102 | 112 | 110 | 106 |
| Income tax | 19 | 14 | 28 | 30 | 30 | 29 | 31 | 28 |
| Net income | 46 | 49 | 64 | 72 | 72 | 83 | 79 | 78 |
| Diluted EPS | $0.36 | $0.40 | $0.49 | $0.55 | $0.55 | $0.64 | $0.61 | $0.60 |
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