Provident Financial Services, Inc. logo

Provident Financial Services, Inc. (PFS)

Common Stock · Currency in USD · XNYS

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income. These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.

Company Info

SIC6035
Composite FIGIBBG000P23KW4
CIK0001178970
IPOJan 16, 2003
Sectorsavings institution, federally chartered

Highlights

Market Cap$2.78B
EPS$2.20
P/E Ratio9.70
Revenue$72.01M
Gross Profit$70.90M
Net Income$286.88M
Employees1,866
WSO130,696,286
Phone(201) 333-1000

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Analysis

Share Price Chart

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Provident Financial Services, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.

Returns By Period

Provident Financial Services, Inc. (PFS) has returned 7.90% so far this year and 42.47% over the past 12 months. Looking at the last ten years, PFS has achieved an annualized return of 0.52%, underperforming the Benchmark (SPY), which averaged 12.23% per year.

PFS

1M-0.09%
6M7.36%
YTD7.90%
1Y42.47%
5Y-1.54%
10Y0.52%

Benchmark (SPY)

1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%

Monthly Returns

The table below presents the monthly returns of Provident Financial Services, Inc. (PFS) with color gradation from worst to best to easily spot seasonal factors.

JanFebMarAprMayJunJulAugSepOctNovDec
202612.16%-4.97%2.42%0.52%
2025-2.57%1.05%-6.07%-3.42%1.89%5.54%4.71%10.96%-1.43%-4.64%5.27%3.24%
2024-7.44%-9.48%-2.67%0.27%-3.03%-1.71%29.65%2.64%-1.17%1.41%12.22%-11.03%
20238.91%-0.47%-17.61%-9.15%-8.63%1.93%13.46%-11.45%-8.11%-7.93%8.95%19.17%
2022-0.58%-1.41%-0.85%-6.27%3.61%-3.13%9.83%-5.03%-15.77%13.63%0.09%-5.40%
20212.38%10.13%8.21%6.08%4.64%-9.88%-6.45%-0.41%6.25%5.14%-5.84%0.29%
2020-8.17%-12.83%-35.54%17.53%-5.44%10.39%-5.54%-3.09%-6.37%11.50%13.30%12.18%
20193.69%9.06%-7.04%1.84%-10.24%1.85%-1.14%-1.45%3.94%1.09%-3.26%1.40%
2018-2.92%-4.93%3.14%1.99%7.42%-2.62%-6.86%-1.37%-2.77%-1.01%4.82%-6.94%
2017-7.83%-0.41%-4.33%0.27%-9.08%8.42%3.47%-6.75%7.41%1.80%-0.07%-1.82%
2016-0.25%2.00%-3.49%2.81%6.94%-1.99%7.59%18.52%4.47%

Performance Indicators

The charts below present risk-adjusted performance metrics for Provident Financial Services, Inc. (PFS) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

-2.00-1.000.001.002.003.00PFS: 0.85SPY: 0.92

Sortino ratio

-6.00-4.00-2.000.002.004.00PFS: 1.25SPY: 1.40

Omega ratio

0.501.001.502.00PFS: 1.16SPY: 1.22

Calmar ratio

0.002.004.006.00SPY: 1.20PFS: 1.38

Martin ratio

0.001.003.00PFS: 0.24SPY: 0.42

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.

The chart below shows the rolling Sharpe ratio of PFS compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Volatility Chart

The current Provident Financial Services, Inc. volatility is 1.00%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.

Income Statement

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.

20252023202220212020201920182017201620152014201320122011
Liabilities And Equity (USD)24.98B14.21B13.78B13.78B12.92B9.81B9.73B9.85B9.50B8.91B8.52B7.49B7.28B7.10B
Equity Attributable To Parent (USD)2.83B1.69B1.60B1.70B1.62B1.41B1.36B1.30B1.25B1.20B1.14B1.01B981.25M952.48M
Equity Attributable To Noncontrolling Interest (USD)--------------
Equity (USD)2.83B1.69B1.60B1.70B1.62B1.41B1.36B1.30B1.25B1.20B1.14B1.01B981.25M952.48M
Noncurrent Liabilities (USD)--------------
Current Liabilities (USD)22.15B12.52B12.19B12.08B11.30B8.39B8.37B8.55B8.25B7.72B7.38B6.48B6.30B6.14B
Liabilities (USD)22.15B12.52B12.19B12.08B11.30B8.39B8.37B8.55B8.25B7.72B7.38B6.48B6.30B6.14B
Fixed Assets (USD)113.33M71.00M79.79M80.56M75.95M55.21M58.12M63.19M84.09M88.99M92.99M66.45M66.12M66.26M
Noncurrent Assets (USD)--------------
Current Assets (USD)24.98B14.21B13.78B13.78B12.92B9.81B9.73B9.85B9.50B8.91B8.52B7.49B7.28B7.10B
Assets (USD)24.98B14.21B13.78B13.78B12.92B9.81B9.73B9.85B9.50B8.91B8.52B7.49B7.28B7.10B

News and Insights

Provident Financial Services, Inc. Declares Quarterly Cash Dividend

Provident Financial Services, Inc. (NYSE: PFS) announced a quarterly cash dividend of $0.24 per common share, payable on February 27, 2026 to shareholders of record as of February 13, 2026.

Benzinga faviconBenzingaGlobe Newswire
Provident Bank Announces an Additional $50,000 in Grants to 5 Non-Profit Organizations

Provident Bank announced it awarded an additional $50,000 in grants to 5 non-profit organizations through the Federal Home Loan Bank of New York's Small Business Recovery Grant Program. Each organization received $10,000 to support their operations and community services. The grants aim to help organizations facing economic challenges from inflation, supply-chain constraints, and rising energy costs.

GlobeNewswire Inc. faviconGlobeNewswire Inc.Keith Buscio
Provident Financial Services, Inc. Announces Authorization of New Stock Repurchase Program

Provident Financial Services, Inc. announced authorization of its tenth stock repurchase program, allowing the company to repurchase up to 2.81 million shares (2.15% of outstanding shares) combined with remaining shares from the existing program. The authorization reflects management's confidence in earnings projections and strong balance sheet position, with repurchases to be conducted based on market conditions and capital levels.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
Earnings Volatility Watch: These 10 Stocks Could Swing 30% Or More This Week

Options markets are pricing in elevated post-earnings volatility for 10 stocks reporting this week, with implied moves of 30% or more. The list is dominated by regional banks, with Capitol Federal Financial topping the list. The Federal Reserve's policy decision on Wednesday is expected to magnify price swings.

Benzinga faviconBenzingaPiero Cingari
Provident Financial Services, Inc. Declares Quarterly Cash Dividend

Provident Financial Services announced a quarterly cash dividend of $0.24 per common share, payable on November 18, 2025, to stockholders of record as of November 14, 2025.

Benzinga faviconBenzingaGlobe Newswire
Provident Financial Services, Inc. Declares Quarterly Cash Dividend

Provident Financial Services announced a quarterly cash dividend of $0.24 per common share, payable on August 29, 2025, to stockholders of record as of August 15, 2025.

GlobeNewswire Inc. faviconGlobeNewswire Inc.Provident Financial Services, Inc.
Provident Bank Expands Newark Presence with New Branch, Reinforces Commitment to Local Community

Provident Bank, a leading New Jersey-based financial institution, announced the opening of its fourth branch in Newark, New Jersey. The new branch will provide the Newark community with convenient in-person banking services and access to experienced bankers. Provident Bank also announced partnerships with three local non-profit organizations, demonstrating its commitment to the community.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
Provident Bank Elevates Tara Brady to Chief Experience Officer to Drive Customer Experience and Brand Growth

Provident Bank has promoted Tara Brady to Chief Experience Officer, responsible for leading the bank's marketing and customer experience strategies to enhance customer-centric engagement and drive brand growth.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
Best Income Stocks to Buy for June 24th

PFS, BFS and GPRK made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 24, 2024.

Zacks Investment Research faviconZacks Investment ResearchZacks Equity Research
UBS Group (UBS) Closes UBS AG and Credit Suisse AG Merger

UBS Group (UBS) wraps up the merger between UBS AG and Credit Suisse AG. The company now aims to integrate the U.S. holding company business and Credit Suisse (Schweiz) AG operation.

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