Provident Financial Services PFS Bank Owned Life Insurance Income
Bank Owned Life Insurance Income 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:BankOwnedLifeInsuranceIncome.
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 income?
- Provident Financial Services (PFS) reported bank owned life insurance income of $4.03M in Q1 2026.
- How has Provident Financial Services's bank owned life insurance income changed year-over-year?
- Provident Financial Services's bank owned life insurance income increased by 92.8% year-over-year, from $2.09M to $4.03M.
- What is the long-term trend for Provident Financial Services's bank owned life insurance income?
- Over 4 years (2021 to 2025), Provident Financial Services's bank owned life insurance income has grown at a 6.3% compound annual growth rate (CAGR), from $7.93M to $10.13M.
- What does bank owned life insurance income mean?
- This represents the income or increase in cash surrender value derived from life insurance policies purchased by the bank on the lives of key employees or officers. It serves as a tax-advantaged financial instrument used to offset the costs of employee benefit plans. Fluctuations in this metric are often driven by changes in the underlying investment performance of the insurance policies.