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Provident Financial Services PFS Data processing and equipment

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Segments

By segment

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Reportable Segment$9.39M-2.2%

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$3.23B+36.8%
Enterprise value$5.47B+20.7%
P/E10.3×+0.1×
P/S3.6×+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:InformationTechnologyAndDataProcessing.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Non-interest expense:
Compensation and employee benefits67,28963,249133,485125,615
Net occupancy expense12,46413,01127,44926,938
Data processing expense9,3889,59919,03419,203
FDIC insurance3,1553,3415,9956,727
Amortization of intangibles8,5599,49717,12218,998
Advertising and promotion expense1,5131,4292,4512,489
Core system conversion expense1,5081,508

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's data processing and equipment?
Provident Financial Services (PFS) reported data processing and equipment of $9.39M in Q2 2026.
How has Provident Financial Services's data processing and equipment changed year-over-year?
Provident Financial Services's data processing and equipment decreased by 2.2% year-over-year, from $9.6M to $9.39M.
What is the long-term trend for Provident Financial Services's data processing and equipment?
Over 4 years (2021 to 2025), Provident Financial Services's data processing and equipment has grown at a 17.3% compound annual growth rate (CAGR), from $19.76M to $37.42M.
What does data processing and equipment mean?
This represents the costs associated with maintaining the bank's core banking systems, digital platforms, and information technology infrastructure. It includes expenses for software licensing, data security, and outsourced processing services necessary for daily operations. Managing these costs is critical for maintaining operational efficiency in an increasingly digital banking environment.

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