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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 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 |
|---|---|---|---|---|
| Non-interest expense: | ||||
| Compensation and employee benefits | 67,289 | 63,249 | 133,485 | 125,615 |
| Net occupancy expense | 12,464 | 13,011 | 27,449 | 26,938 |
| Data processing expense | 9,388 | 9,599 | 19,034 | 19,203 |
| FDIC insurance | 3,155 | 3,341 | 5,995 | 6,727 |
| Amortization of intangibles | 8,559 | 9,497 | 17,122 | 18,998 |
| Advertising and promotion expense | 1,513 | 1,429 | 2,451 | 2,489 |
| Core system conversion expense | 1,508 | — | 1,508 | — |
Item 1. FINANCIAL STATEMENTS.
FAQ
- What is Provident Financial Services's business segments — data processing expense?
- Provident Financial Services (PFS) reported business segments — data processing expense of $9.39M in Q2 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 decreased by 2.2% year-over-year, from $9.6M to $9.39M.
- 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.
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