Provident Financial Services PFS Provision for Credit Losses
Provision for Credit Losses at other companies
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Where this comes from
Reported directly by Provident Financial Services in its filing.
Tagged under the XBRL concept pfs:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalAndProvisionForOtherCreditLosses.
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 provision for credit losses?
- Provident Financial Services (PFS) reported provision for credit losses of -$2.12M in Q1 2026.
- How has Provident Financial Services's provision for credit losses changed year-over-year?
- Provident Financial Services's provision for credit losses decreased by 431.7% year-over-year, from $638K to -$2.12M.
- What is the long-term trend for Provident Financial Services's provision for credit losses?
- Over 2 years (2021 to 2024), Provident Financial Services's provision for credit losses has grown at a 89.7% compound annual growth rate (CAGR), from -$24.34M to $87.56M.
- What does provision for credit losses mean?
- This represents the periodic charge to earnings intended to maintain the allowance for credit losses at a level sufficient to cover estimated lifetime losses within the loan portfolio. It reflects management's assessment of credit risk and economic conditions affecting the bank's lending activities. A higher provision indicates an expectation of increased credit deterioration or portfolio growth.