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Provident Financial Services PFS Operating Lease Liability - Undiscounted Excess Amount

Operating Lease Liability - Undiscounted Excess Amount at other companies

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M&T BankMTB
$97M+5.4%
PRO
Provident Financial HoldingsPROV
$194K+56.5%
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Capital City Bank GroupCCBG
$7M-10.9%
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Dime Community BancsharesDCOM
$3.29M-3.3%
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Financial InstitutionsFISI
$18.54M+22.5%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$685K-19.6%

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$3.17B+34.1%
Enterprise value$5.42B+19.3%
P/E10.2×-0.1×
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:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount.

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
Twelve months ended:Operating leasesOperating leases
202612,421
202711,188
20289,914
20298,868
Thereafter22,073
Total future minimum lease payments71,090
Amounts representing interest8,269
Present value of net future minimum lease payments$$62,821

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's operating lease liability - undiscounted excess amount?
Provident Financial Services (PFS) reported operating lease liability - undiscounted excess amount of $8.27M in Q2 2026.
How has Provident Financial Services's operating lease liability - undiscounted excess amount changed year-over-year?
Provident Financial Services's operating lease liability - undiscounted excess amount increased by 11.5% year-over-year, from $7.42M to $8.27M.
What is the long-term trend for Provident Financial Services's operating lease liability - undiscounted excess amount?
Over 5 years (2020 to 2025), Provident Financial Services's operating lease liability - undiscounted excess amount has grown at a 1.2% compound annual growth rate (CAGR), from $7.09M to $7.54M.
What does operating lease liability - undiscounted excess amount mean?
This represents the difference between the total undiscounted future lease payments and the present value of those payments recorded on the balance sheet. It effectively quantifies the interest component embedded within operating lease obligations. It is a measure of the financing cost inherent in the lease portfolio.

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