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Provident Financial Services PFS Business Segments — Net Income

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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:NetIncomeLoss.

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
Total non-interest expense119,258114,614236,399230,881
Income before income tax expense106,061102,443216,233194,296
Income tax expense27,91430,46258,66858,287
Net income$78,147$71,981$157,565$136,009
Basic earnings per share$0.60$0.55$1.21$1.04
Weighted average basic shares outstanding130,330,787130,484,287130,421,508130,405,490
Diluted earnings per share$0.60$0.55$1.21$1.04
Weighted average diluted shares outstanding130,388,396130,500,143130,488,792130,440,958

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's business segments — net income?
Provident Financial Services (PFS) reported business segments — net income of $78.15M in Q2 2026.
How has Provident Financial Services's business segments — net income changed year-over-year?
Provident Financial Services's business segments — net income increased by 8.6% year-over-year, from $71.98M to $78.15M.
What is the long-term trend for Provident Financial Services's business segments — net income?
Over 3 years (2022 to 2025), Provident Financial Services's business segments — net income has grown at a 18.3% compound annual growth rate (CAGR), from $175.65M to $291.16M.
What does business segments — net income mean?
This metric represents the final profit generated by the segment after accounting for all interest income, noninterest income, operating expenses, provisions for credit losses, and taxes. It is the ultimate measure of the segment's financial performance and its contribution to the overall holding company's value. Consistent growth in net income is a primary indicator of a healthy and sustainable banking business.

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