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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 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 item | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Subordinated debt | 8,382 | 8,487 | 16,758 | 16,907 |
| Total interest expense | 123,915 | 129,214 | 245,238 | 252,832 |
| Net interest income | 202,680 | 187,094 | 396,423 | 368,822 |
| Provision charge for credit losses | 9,334 | (2,888) | 7,218 | (2,250) |
| Net interest income after provision for credit losses | 193,346 | 189,982 | 389,205 | 371,072 |
| Non-interest income: | ||||
| Fees | 12,259 | 10,736 | 22,722 | 20,391 |
| Wealth management income | 7,517 | 6,948 | 14,920 | 14,275 |
Item 1. FINANCIAL STATEMENTS.
FAQ
- What is Provident Financial Services's provision for credit losses?
- Provident Financial Services (PFS) reported provision for credit losses of $9.33M in Q2 2026.
- How has Provident Financial Services's provision for credit losses changed year-over-year?
- Provident Financial Services's provision for credit losses increased by 423.2% year-over-year, from -$2.89M to $9.33M.
- 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.
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