Provident Financial Services PFS Business Segments — Net occupancy expense

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FAQ

What is Provident Financial Services's business segments — net occupancy expense?

Provident Financial Services (PFS) reported business segments — net occupancy expense of $12.46M in Q2 2026.

How has Provident Financial Services's business segments — net occupancy expense changed year-over-year?

Provident Financial Services's business segments — net occupancy expense decreased by 4.2% year-over-year, from $13.01M to $12.46M.

What is the long-term trend for Provident Financial Services's business segments — net occupancy expense?

Over 3 years (2022 to 2025), Provident Financial Services's business segments — net occupancy expense has grown at a 15.2% compound annual growth rate (CAGR), from $34.57M to $52.79M.

What does business segments — net occupancy expense mean?

This metric measures the net costs related to the maintenance, rent, and utilities of the physical branch network and corporate facilities used by the segment. It reflects the overhead burden of maintaining a physical presence in the bank's operating regions. Managing this expense is critical for maintaining profitability in a community-oriented banking model.