Provident Financial Services PFS Business Segments — Data processing expense
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Where this comes from
Reported directly by Provident Financial Services in its filing.
Tagged under the XBRL concept us-gaap:InformationTechnologyAndDataProcessing.
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 business segments — data processing expense?
- Provident Financial Services (PFS) reported business segments — data processing expense of $9.65M in Q1 2026.
- How has Provident Financial Services's business segments — data processing expense changed year-over-year?
- Provident Financial Services's business segments — data processing expense increased by 0.4% year-over-year, from $9.61M to $9.65M.
- What is the long-term trend for Provident Financial Services's business segments — data processing expense?
- Over 3 years (2022 to 2025), Provident Financial Services's business segments — data processing expense has grown at a 19.9% compound annual growth rate (CAGR), from $21.73M to $37.42M.
- What does business segments — data processing expense mean?
- This metric represents the costs incurred for technology infrastructure, software licensing, and digital banking platform maintenance within the segment. As financial services become increasingly digitized, this expense highlights the bank's investment in operational scalability and customer-facing technology. It is a vital indicator of the firm's commitment to modernizing its service delivery channels.