Provident Financial Services PFS Derivative Assets - Net Reduction from Master Netting Arrangements
Derivative Assets - Net Reduction from Master Netting Arrangements at other companies
Other financials
Where this comes from
Reported directly by Provident Financial Services in its filing.
Tagged under the XBRL concept us-gaap:DerivativeAssetNotOffsetPolicyElectionDeduction.
The official record: Provident Financial Services’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Provident Financial Services's derivative assets - net reduction from master netting arrangements?
- Provident Financial Services (PFS) reported derivative assets - net reduction from master netting arrangements of $1.26M in Q1 2026.
- What does derivative assets - net reduction from master netting arrangements mean?
- This represents the reduction in the reported value of derivative assets due to the application of master netting agreements and collateral offsets. It provides a clearer view of the net credit risk exposure the company faces from its derivative counterparties. Understanding this reduction is essential for evaluating the true counterparty risk profile of the bank's derivative portfolio.