Provident Financial Services PFS Bank Owned Life Insurance
Bank Owned Life Insurance 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:BankOwnedLifeInsurance.
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 bank owned life insurance?
- Provident Financial Services (PFS) reported bank owned life insurance of $413.34M in Q1 2026.
- How has Provident Financial Services's bank owned life insurance changed year-over-year?
- Provident Financial Services's bank owned life insurance increased by 1.3% year-over-year, from $407.99M to $413.34M.
- What is the long-term trend for Provident Financial Services's bank owned life insurance?
- Over 5 years (2020 to 2025), Provident Financial Services's bank owned life insurance has grown at a 12.0% compound annual growth rate (CAGR), from $234.61M to $414.37M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. It serves as a tax-advantaged investment vehicle used to offset the costs of employee benefit plans. The growth of this asset reflects the bank's long-term strategy for managing benefit liabilities.