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Provident Financial Services PFS Business Segments — Noninterest Expense

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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:NoninterestExpense.

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
Advertising and promotion expense1,5131,4292,4512,489
Core system conversion expense1,5081,508
Other operating expenses15,38214,48829,35530,911
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

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's business segments — noninterest expense?
Provident Financial Services (PFS) reported business segments — noninterest expense of $119.26M in Q2 2026.
How has Provident Financial Services's business segments — noninterest expense changed year-over-year?
Provident Financial Services's business segments — noninterest expense increased by 4.1% year-over-year, from $114.61M to $119.26M.
What is the long-term trend for Provident Financial Services's business segments — noninterest expense?
Over 3 years (2022 to 2025), Provident Financial Services's business segments — noninterest expense has grown at a 20.8% compound annual growth rate (CAGR), from $260.23M to $458.66M.
What does business segments — noninterest expense mean?
This metric aggregates all operating costs incurred by the segment, excluding interest expenses, to provide a comprehensive view of the segment's overhead. It is a primary measure of operational efficiency and cost management discipline. A lower ratio of noninterest expense to revenue generally indicates a more efficient and profitable banking operation.

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