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Provident Financial Services Inc

Provident Financial Services Inc

PFS · NYSE · Financial Services / Banks - Regional

22.77USD-0.17 (-0.74%)

Price History

Full chart

Market Stats

Previous Close22.94
Open22.81
Day Range22.58 – 22.81
52-Week Range16.93 – 25.25
Volume581.39K
Market Cap2.98B
P/E (TTM)9.52
Forward P/E9.02
EPS2.40
Dividend Yield4.20%
Beta0.77
50-Day Avg23.86
200-Day Avg22.36

About

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, retail and industrial properties, and office buildings; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; residential mortgage loans; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning; and insurance agency operations. Further, it sells insurance and investment products, including annuities; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Anthony J. Labozzetta
  • Employees1.82K
  • Headquarters239 Washington Street, Jersey City, NJ, United States, 07302, USA
  • Websitehttps://www.provident.bank

Leadership

  • Mr. Anthony J. LabozzettaPresident, CEO & Director · b. 1964
  • Mr. Ravi VakacherlaExecutive VP and Chief Information & Operations Officer
  • Mr. George ListaCEO & President Provident Protection Plus, Inc. · b. 1960
  • Mr. Christopher P. MartinExecutive Chairman · b. 1956
  • Mr. Adriano M. Duarte CPAExecutive VP & CFO · b. 1972
  • Mr. Michael Anthony PeritoSenior VP & Investor Relations Officer
  • Mr. Bennett Allen MacDougallExecutive VP, General Counsel & Corporate Secretary · b. 1970
  • Mr. Vito GiannolaExecutive VP & Chief Banking Officer · b. 1977
  • Ms. Kim StrignileSenior VP of HR business partner director
  • Mr. William Joseph FinkExecutive VP & Chief Lending Officer of Provident Bank · b. 1958

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue196.80M107.66M201.45M208.34M258.69M305.68M314.09M339.12M335.94M326.04M318.09M308.26M305.87M296.93M320.53M347.00M357.71M379.54M418.50M435.26M435.74M489.15M553.97M695.65M1.14B1.38B
Growth (%)--45.29%+87.12%+3.42%+24.17%+18.16%+2.75%+7.97%-0.94%-2.95%-2.44%-3.09%-0.77%-2.92%+7.95%+8.26%+3.08%+6.10%+10.27%+4.00%+0.11%+12.26%+13.25%+25.58%+63.91%+21.25%
Cost of Revenue91.75M86.42M76.04M55.79M70.78M95.61M118.93M154.23M147.35M141.79M113.07M88.63M60.92M42.27M45.12M46.25M49.15M51.24M82.85M86.60M82.27M13.49M53.63M244.53M533.09M515.79M
Gross Profit105.05M21.24M125.41M152.55M187.91M210.08M195.16M184.89M188.59M184.25M205.02M219.63M244.95M254.66M275.41M300.75M308.56M328.30M335.65M348.67M353.47M475.66M500.34M451.12M607.16M866.82M
Gross Margin53.38%19.73%62.25%73.22%72.64%68.72%62.13%54.52%56.14%56.51%64.45%71.25%80.08%85.77%85.92%86.67%86.26%86.50%80.20%80.10%81.12%97.24%90.32%64.85%53.25%62.69%
Operating Expense54.83M-13.93M89.09M126.78M119.33M124.18M118.27M134.02M132.01M299.07M138.75M142.45M148.83M148.76M169.99M180.59M183.78M187.82M191.74M201.58M225.91M248.54M260.23M275.34M457.55M458.66M
Operating Income50.22M35.16M36.33M25.77M68.58M85.90M76.89M50.87M56.58M-114.82M66.27M77.19M96.12M105.90M105.42M120.16M124.78M140.48M143.92M147.09M127.55M227.12M240.11M175.78M149.62M408.16M
Operating Margin25.52%32.66%18.03%12.37%26.51%28.10%24.48%15.00%16.84%-35.22%20.83%25.04%31.43%35.66%32.89%34.63%34.88%37.01%34.39%33.79%29.27%46.43%43.34%25.27%13.12%29.52%
EBITDA-44.74M46.08M50.04M91.41M112.77M96.55M65.00M70.48M-102.43M77.02M86.85M105.45M114.68M116.55M133.88M137.54M152.10M154.02M165.96M147.59M249.85M263.81M197.97M204.20M473.67M
EBITDA Margin-41.56%22.87%24.02%35.33%36.89%30.74%19.17%20.98%-31.42%24.21%28.17%34.47%38.62%36.36%38.58%38.45%40.07%36.80%38.13%33.87%51.08%47.62%28.46%17.91%34.26%
Net Income20.90M24.08M26.58M18.74M49.30M58.50M53.69M37.38M41.64M-121.82M49.70M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M291.16M
Net Income Margin10.62%22.37%13.19%9.00%19.06%19.14%17.09%11.02%12.40%-37.36%15.63%18.60%21.99%23.75%22.97%24.13%24.55%24.75%28.29%25.88%22.25%34.33%31.71%18.46%10.13%21.06%
R&D----------00000000--------
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------
Interest Expense084.52M63.24M54.63M67.19M95.01M117.61M147.70M132.25M111.54M77.57M59.73M44.92M36.77M40.47M41.90M43.75M45.64M59.15M73.50M50.74M36.32M48.63M216.37M445.52M512.21M
Interest Expense % of Total Revenue0.00%78.51%31.39%26.22%25.97%31.08%37.44%43.55%39.37%34.21%24.39%19.38%14.69%12.38%12.63%12.08%12.23%12.03%14.13%16.89%11.64%7.42%8.78%31.10%39.07%37.05%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.64B2.87B3.92B4.28B6.43B6.05B5.74B6.36B6.55B6.84B6.82B7.10B7.28B7.49B8.52B8.91B9.50B9.85B9.73B9.81B12.92B13.78B13.78B14.21B24.05B24.98B
Total Liabilities2.38B2.58B3.59B3.47B5.30B4.98B4.72B5.36B5.53B5.95B5.90B6.14B6.30B6.48B7.38B7.72B8.25B8.55B8.37B1.13B1.20B637.06M12.19B12.52B21.45B22.15B
Total Equity263.07M292.13M326.01M817.12M1.14B1.08B1.02B1.00B1.02B884.55M921.69M952.48M981.25M1.01B1.14B1.20B1.25B1.30B1.36B8.68B11.72B13.14B1.60B1.69B2.60B2.83B
Cash53.36M107.40M101.35M106.23M121.19M107.35M89.39M83.74M66.31M120.82M52.23M69.63M103.82M101.22M103.76M102.23M144.30M190.83M142.66M186.75M532.35M712.46M186.51M180.25M205.91M211.48M
Total Debt-195.77M323.08M736.33M1.19B996.55M840.99M1.57B1.27B1.02B969.68M920.18M803.26M1.20B3.02B3.42B2.19B2.71B2.45B1.98B2.06B1.08B2.23B1.53B2.42B2.52B
Net Debt-88.36M221.73M630.10M1.07B889.20M751.60M1.49B1.20B897.12M917.45M850.55M699.44M1.10B1.41B1.61B1.47B1.55B1.30B938.40M668.75M-75.41M1.16B1.35B2.22B2.31B

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-121.11M98.63M126.84M101.72M103.59M87.46M70.54M62.55M23.51M92.26M93.83M108.29M119.92M101.67M114.87M127.31M117.22M155.72M136.93M106.91M158.18M200.31M173.40M426.38M442.26M
Investing Cash Flow--270.26M-970.11M-534.28M124.70M290.11M261.50M8.57M-284.58M-366.36M-88.50M-279.43M-185.11M-259.34M-74.55M-408.68M-580.80M-306.34M46.70M42.87M-507.98M-717.94M-647.56M-469.60M507.67M-1.05B
Financing Cash Flow-189.25M1.03B318.44M-238.58M-440.13M-374.18M-30.54M149.94M398.04M-75.27M203.00M111.01M136.82M-24.58M292.28M495.56M235.65M-250.60M-135.71M746.68M739.86M-78.70M289.95M-908.37M615.62M
Capital Expenditure07.96M5.93M8.77M8.65M4.15M6.14M9.20M6.37M8.12M8.51M8.55M7.66M7.71M16.44M5.91M5.00M3.23M3.16M4.88M12.82M13.80M9.41M7.49M1.31M11.54M
Free Cash Flow-113.15M92.71M118.07M93.07M99.44M81.32M61.34M56.17M15.39M83.75M85.29M100.63M112.21M85.23M108.96M122.31M113.99M152.56M132.04M94.09M144.38M190.90M165.91M425.07M430.73M
Dividends Paid---8.61M14.87M21.59M24.32M24.84M24.70M24.87M24.98M26.80M40.73M32.32M36.12M41.28M45.37M59.98M53.60M72.81M65.82M71.48M72.02M72.45M100.96M125.91M
FCF to OCF-93.43%93.99%93.09%91.50%95.99%92.98%86.96%89.81%65.45%90.78%90.89%92.93%93.57%83.83%94.86%96.08%97.24%97.97%96.43%88.00%91.27%95.30%95.68%99.69%97.39%
Dividend Paid to FCF---7.29%15.98%21.71%29.90%40.49%43.97%161.59%29.83%31.43%40.47%28.80%42.38%37.89%37.09%52.62%35.14%55.14%69.96%49.51%37.73%43.67%23.75%29.23%

Earnings

Report DateJan 27, 2003Apr 29, 2003Jul 17, 2003Oct 30, 2003Jan 22, 2004Apr 22, 2004Jul 26, 2004Oct 25, 2004Jan 26, 2005Apr 27, 2005Jul 28, 2005Oct 28, 2005Jan 26, 2006Apr 26, 2006Jul 27, 2006Oct 26, 2006Jan 25, 2007Apr 25, 2007Jul 26, 2007Oct 25, 2007Jan 24, 2008Apr 23, 2008Jul 24, 2008Oct 23, 2008Jan 29, 2009May 1, 2009Jul 23, 2009Oct 22, 2009Jan 29, 2010Apr 22, 2010Jul 30, 2010Oct 29, 2010Jan 28, 2011Apr 28, 2011Jul 29, 2011Oct 28, 2011Jan 27, 2012Apr 27, 2012Jul 27, 2012Oct 26, 2012Feb 1, 2013Apr 26, 2013Jul 26, 2013Oct 25, 2013Jan 31, 2014Apr 25, 2014Jul 25, 2014Oct 29, 2014Jan 30, 2015Apr 24, 2015Jul 31, 2015Oct 30, 2015Jan 29, 2016Apr 29, 2016Jul 29, 2016Oct 28, 2016Jan 27, 2017Apr 28, 2017Jul 28, 2017Oct 27, 2017Jan 26, 2018Apr 27, 2018Jul 27, 2018Oct 26, 2018Feb 1, 2019Apr 26, 2019Jul 26, 2019Oct 25, 2019Jan 31, 2020Apr 30, 2020Jul 30, 2020Oct 30, 2020Jan 29, 2021Apr 30, 2021Jul 30, 2021Oct 29, 2021Jan 28, 2022Apr 29, 2022Jul 29, 2022Oct 28, 2022Jan 27, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 18, 2024Jul 25, 2024Oct 29, 2024Jan 28, 2025Apr 23, 2025Jul 24, 2025Oct 28, 2025Jan 27, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate0.180.160.170.160.150.160.190.200.220.210.230.220.230.220.220.220.200.190.180.170.170.160.190.200.220.150.090.140.160.150.190.230.240.240.250.270.270.270.280.280.270.280.290.300.320.300.310.330.340.330.330.350.330.340.330.350.360.360.360.370.390.430.380.460.490.460.470.450.430.340.150.180.360.430.450.470.470.460.520.580.630.590.430.430.400.400.370.470.500.470.500.540.560.550.560.60
EPS Actual0.150.140.150.140.150.190.160.200.250.220.210.230.230.220.220.230.240.180.170.180.120.190.190.250.130.160.120.160.120.200.230.240.230.240.250.270.260.320.280.280.290.310.340.280.300.300.280.300.340.320.350.330.340.330.340.360.350.370.380.410.360.430.300.540.500.480.380.490.400.250.240.400.560.630.580.490.490.580.530.580.660.540.430.380.360.43-0.110.360.490.510.550.550.640.610.60-
Surprise-16.67%-12.50%-11.76%-12.50%0.00%18.75%-15.79%0.00%13.64%4.76%-8.70%4.55%0.00%0.00%0.00%4.55%20.00%-5.26%-5.56%5.88%-29.41%18.75%0.00%25.00%-40.91%6.67%33.33%14.29%-25.00%33.33%21.05%4.35%-4.17%0.00%0.00%0.00%-3.70%18.52%0.00%0.00%7.41%10.71%17.24%-6.67%-6.25%0.00%-9.68%-9.09%0.00%-3.03%6.06%-5.71%3.03%-2.94%3.03%2.86%-2.78%2.78%5.56%10.81%-7.69%0.00%-21.05%17.39%2.04%4.35%-19.15%8.89%-6.98%-26.47%60.00%122.22%55.56%46.51%28.89%4.26%4.26%26.09%1.92%0.00%4.76%-8.47%0.00%-11.63%-10.00%7.50%-129.73%-23.40%-2.00%8.51%10.00%1.85%14.29%10.91%7.14%-
TimingAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap2.98B
Enterprise Value5.63B
Trailing P/E9.52
Forward P/E9.02
PEG Ratio1.61
Price / Sales3.33
Price / Book1.02
EPS2.40
Book Value22.29
Revenue (TTM)894.28M
Gross Profit (TTM)894.28M
Profit Margin34.97%
Operating Margin52.27%
Return on Equity11.14%
Return on Assets1.25%
Shares Outstanding130.42M
Shares Float126.33M
Beta0.77
Dividend Yield4.20%
Dividend Rate0.96
Payout Ratio40.00%

Analyst Ratings

Buy
Based on 5 analystsTarget 27.92
  • Strong Buy
    2
  • Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
77.47%
Insiders
2.78%
Retail / Other
19.75%

Top Institutional Holders

  • BlackRock Inc
    19.32M14.82%
  • Dimensional Fund Advisors, Inc.
    8.17M6.27%
  • Vanguard Portfolio Management, LLC
    8.06M6.18%
  • State Street Corp
    7.28M5.58%
  • Vanguard Capital Management, LLC
    5.61M4.30%
  • American Century Companies Inc
    4.29M3.29%
  • Geode Capital Management, LLC
    3.32M2.55%
  • Wellington Management Company LLP
    3.10M2.38%
  • Millennium Management LLC
    2.30M1.76%
  • Systematic Financial Management LP
    1.96M1.50%
  • Charles Schwab Investment Management Inc
    1.61M1.24%
  • Bank of New York Mellon Corp
    1.53M1.17%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    7.93M6.08%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.95M3.03%
  • Avantis US Small Cap Value ETF
    3.77M2.89%
  • iShares Russell 2000 ETF
    3.20M2.45%
  • Vanguard Small Cap Index
    2.85M2.18%
  • DFA US Small Cap Value I
    1.95M1.50%
  • Vanguard MStar Small Cap Value Index
    1.81M1.39%
  • Fidelity Small Cap Index
    1.42M1.09%

Dividends

20264×
0.24Nov 13, 20260.24Aug 14, 20260.24May 15, 20260.24Feb 13, 2026
20254×
0.24Nov 14, 20250.24Aug 15, 20250.24May 16, 20250.24Feb 14, 2025
20244×
0.24Nov 15, 20240.24Aug 16, 20240.24Apr 26, 20240.24Feb 8, 2024
20234×
0.24Nov 9, 20230.24Aug 10, 20230.24May 11, 20230.24Feb 9, 2023
20224×
0.24Nov 9, 20220.24Aug 11, 20220.24May 12, 20220.24Feb 10, 2022
20214×
0.24Nov 10, 20210.23Aug 12, 20210.23May 13, 20210.23Feb 11, 2021