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Provident Financial Services PFS Gain (Loss) on Sales of Loans, Net

Gain (Loss) on Sales of Loans, Net at other companies

Valley National Bank logo
Valley National BankVLY
$1.74M-14.0%
Prosperity Bancshares logo
Prosperity BancsharesPB
$1.36M+41.0%
Pioneer Bancorp, Inc. logo
Pioneer Bancorp, Inc.PBFS
$187K+1,458%
Financial Institutions logo
Financial InstitutionsFISI
$125K+6.8%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$795K-11.0%
SPF
South Plains Financial, Inc.SPFI
$2.73M+2.9%

Other financials

Income statement

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Revenue$234.7M+9.6%
Net income$78.1M+8.6%
EPS (diluted)$0.60+9.1%

Balance sheet

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Cash & equivalents$228.3M-11.8%
Total debt$2.5B+1.6%
Total equity$2.9B+7.4%
Total assets$25.7B+4.5%

Cash flow

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Operating cash flow$118.8M-36.4%
CapEx$10.2M+143%
Free cash flow$108.6M-40.5%

Valuation

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Market cap$3.19B+34.8%
Enterprise value$5.44B+19.7%
P/E10.2×0.0×
P/S3.5×+0.7×

Profitability

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Net margin34.5%+7.0pp
FCF margin38.6%-30.3pp

Returns & leverage

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Return on equity11.1%+2.4pp
Debt / equity0.9×0.0×

Where this comes from

Reported directly by Provident Financial Services in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnSalesOfLoansNet.

The source filing: Provident Financial Services’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 3:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054777
Line itemSix months ended June 30, 2026Six months ended June 30, 2025
Proceeds from sales of loans held for sale29,956170,708
Allocation of stock award expense5,1214,802
Allocation of stock option expense17
Net gain on sale of loans(2,070)(1,760)
Net loss (gain) on securities transactions309(87)
Net gain on sale of premises and equipment(992)(624)
Net (gain) loss on sale of foreclosed assets(117)11
Increase in accrued interest receivable(2,320)(1,554)

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's gain (loss) on sales of loans, net?
Provident Financial Services (PFS) reported gain (loss) on sales of loans, net of $1.1M in Q2 2026.
How has Provident Financial Services's gain (loss) on sales of loans, net changed year-over-year?
Provident Financial Services's gain (loss) on sales of loans, net decreased by 20.8% year-over-year, from $1.39M to $1.1M.
What is the long-term trend for Provident Financial Services's gain (loss) on sales of loans, net?
Over 4 years (2021 to 2025), Provident Financial Services's gain (loss) on sales of loans, net has grown at a 20.2% compound annual growth rate (CAGR), from $1.86M to $3.87M.
What does gain (loss) on sales of loans, net mean?
This metric reflects the net profit or loss realized from selling loans in the secondary market, calculated as the difference between the sale proceeds and the carrying value of the loans. It is a primary driver of non-interest income for banks actively involved in mortgage banking or loan portfolio optimization.

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