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Provident Financial Services PFS Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

Columbia Financial, Inc. logo
Columbia Financial, Inc.CLBK
$1.06M+6.2%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$3.39M+6.2%

Other financials

Income statement

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Revenue$225.2M+7.9%
Net income$79.4M+24.0%
EPS (diluted)$0.61+24.5%

Balance sheet

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Cash & equivalents$222.1M-5.1%
Total debt$2.5B+5.7%
Total equity$2.9B+7.7%
Total assets$25.2B+4.0%

Cash flow

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Operating cash flow$84.7M-4.4%
CapEx$3.7M+223%
Free cash flow$81.0M-7.3%

Valuation

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Market cap$3.05B+23.4%
Enterprise value$5.37B+15.3%
P/E9.9×-6.8×
P/S3.4×+0.3×

Profitability

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Net margin34.6%+15.9pp
FCF margin47.8%-11.9pp

Returns & leverage

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Return on equity11.1%+4.3pp
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:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?
Provident Financial Services (PFS) reported non-cash lease expense of $3.67M in Q1 2026.
How has Provident Financial Services's non-cash lease expense changed year-over-year?
Provident Financial Services's non-cash lease expense increased by 3.6% year-over-year, from $3.54M to $3.67M.
What is the long-term trend for Provident Financial Services's non-cash lease expense?
Over 4 years (2021 to 2025), Provident Financial Services's non-cash lease expense has grown at a 9.0% compound annual growth rate (CAGR), from $10.07M to $14.2M.
What does non-cash lease expense mean?
Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.