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Provident Financial Services PFS Business Segments — Provision for Credit Losses

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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 pfs:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalAndProvisionForOtherCreditLosses.

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
Subordinated debt8,3828,48716,75816,907
Total interest expense123,915129,214245,238252,832
Net interest income202,680187,094396,423368,822
Provision charge for credit losses9,334(2,888)7,218(2,250)
Net interest income after provision for credit losses193,346189,982389,205371,072
Non-interest income:
Fees12,25910,73622,72220,391
Wealth management income7,5176,94814,92014,275

Item 1. FINANCIAL STATEMENTS.

FAQ

What is Provident Financial Services's business segments — provision for credit losses?
Provident Financial Services (PFS) reported business segments — provision for credit losses of $9.33M in Q2 2026.
How has Provident Financial Services's business segments — provision for credit losses changed year-over-year?
Provident Financial Services's business segments — provision for credit losses increased by 423.2% year-over-year, from -$2.89M to $9.33M.
What is the long-term trend for Provident Financial Services's business segments — provision for credit losses?
Over 2 years (2022 to 2024), Provident Financial Services's business segments — provision for credit losses has grown at a 318.3% compound annual growth rate (CAGR), from $5M to $87.56M.
What does business segments — provision for credit losses mean?
This metric represents the expense set aside to cover potential future losses from the loan portfolio based on credit risk assessments. It is a vital indicator of the bank's asset quality and management's outlook on credit risk.

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