PFS

MKT CAP:$3B

Provident Financial Services, Inc.

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$22.36+$2.61 (+13.22%)

Apr 24, 2026

Company Details

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company's deposit products inc...

CEO

Anthony J. Labozzetta

IPO Date

Jan 16, 2003

Website

www.provident.bank

Key Metrics TTM

Revenue

$1.4B

+29.4% YoY

Net Income

$291M

EPS (Diluted)

$2.23

Free Cash Flow

$429M

Revenue / Share

$10.59

Gross Margin

62.7%

Operating Margin

29.5%

Net Margin

21.1%

FCF Margin

31.0%

P/S

2.1x

P/E

10.0x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 27, 2026

$1.4B+21.3%EPS $2.23

Q4 2025

Feb 27, 2026

$353M+19.4%EPS $0.64

Q3 2025

Nov 6, 2025

$354M+11.1%EPS $0.55

Q2 2025

Aug 7, 2025

$343M+27.1%EPS $0.55

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$121M	$123M	$59M
Q2 22	$127M	$118M	$54M
Q3 22	$150M	$128M	$60M
Q4 22	$155M	$131M	$67M
Q1 23	$166M	$124M	$55M
Q2 23	$169M	$109M	$44M
Q3 23	$178M	$103M	$37M
Q4 23	$183M	$116M	$40M
Q1 24	$185M	$115M	$43M
Q2 24	$270M	$94M	-$21M
Q3 24	$318M	$170M	$65M
Q4 24	$296M	$157M	$63M
Q1 25	$332M	$208M	$92M
Q2 25	$343M	$217M	$102M
Q3 25	$354M	$215M	$102M
Q4 25	$353M	$227M	$112M

Valuation

Quarter	P/S	P/E
Q1 22	6.0x	17.8x
Q2 22	5.9x	18.4x
Q3 22	5.6x	17.8x
Q4 22	5.3x	16.6x
Q1 23	4.9x	16.9x
Q2 23	4.5x	17.6x
Q3 23	4.4x	19.4x
Q4 23	4.2x	22.7x
Q1 24	4.1x	24.3x
Q2 24	3.6x	38.1x
Q3 24	3.0x	30.9x
Q4 24	2.7x	25.2x
Q1 25	2.4x	19.7x
Q2 25	2.3x	12.6x
Q3 25	2.2x	11.4x
Q4 25	2.1x	10.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$51M	$42M
Q2 22	$51M	$53M
Q3 22	$56M	$54M
Q4 22	$42M	$41M
Q1 23	$58M	$57M
Q2 23	$27M	$25M
Q3 23	$42M	$39M
Q4 23	$46M	$45M
Q1 24	$41M	$41M
Q2 24	$77M	$76M
Q3 24	$69M	$68M
Q4 24	$239M	$241M
Q1 25	$89M	$87M
Q2 25	$187M	$183M
Q3 25	$98M	$97M
Q4 25	$69M	$62M

Capital Expenditures

Quarter	CapEx
Q1 22	$9M
Q2 22	$3M
Q3 22	$2M
Q4 22	$2M
Q1 23	$613.0K
Q2 23	$2M
Q3 23	$3M
Q4 23	$2M
Q1 24	$536.0K
Q2 24	$977.0K
Q3 24	$1M
Q4 24	$1M
Q1 25	$1M
Q2 25	$4M
Q3 25	$1M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-0.8%	+7.9%
Q2 22	+4.5%	+19.5%
Q3 22	+22.1%	+23.8%
Q4 22	+27.1%	+25.5%
Q1 23	+36.8%	+78.7%
Q2 23	+33.1%	+70.6%
Q3 23	+18.2%	+55.5%
Q4 23	+17.8%	+62.6%
Q1 24	+11.4%	+27.9%
Q2 24	+59.5%	+131.9%
Q3 24	+79.3%	+80.5%
Q4 24	+61.5%	+62.5%
Q1 25	+80.1%	+69.9%
Q2 25	+27.1%	-17.3%
Q3 25	+11.1%	-0.4%
Q4 25	+19.4%	+3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	2.9%
Q2 22	$4M	3.4%
Q3 22	$3M	2.0%
Q4 22	$3M	1.9%
Q1 23	$4M	2.4%
Q2 23	$3M	1.7%
Q3 23	$3M	1.5%
Q4 23	$1M	0.8%
Q1 24	$2M	1.2%
Q2 24	$3M	1.0%
Q3 24	$3M	1.1%
Q4 24	$4M	1.3%
Q1 25	$2M	0.7%
Q2 25	$3M	0.8%
Q3 25	$3M	0.7%
Q4 25	$3M	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$38M	$1M
Q2 22	$39M	$1M
Q3 22	$39M	$1M
Q4 22	$36M	$1M
Q1 23	$41M	$1M
Q2 23	$37M	$1M
Q3 23	$37M	$1M
Q4 23	$42M	$1M
Q1 24	$42M	$966.0K
Q2 24	$58M	$1M
Q3 24	$69M	—
Q4 24	$65M	—
Q1 25	$66M	$1M
Q2 25	$67M	$1M
Q3 25	$67M	$2M
Q4 25	$77M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$433M	$2.1B	$2.5B
Q2 22	$277M	$1.9B	$2.2B
Q3 22	$183M	$1.8B	$2.0B
Q4 22	$186M	$1.8B	$2.0B
Q1 23	$234M	$1.8B	$2.1B
Q2 23	$209M	$1.7B	$2.0B
Q3 23	$189M	$1.7B	$1.8B
Q4 23	$180M	$1.7B	$1.9B
Q1 24	$158M	$1.7B	$1.8B
Q2 24	$290M	$2.6B	$2.9B
Q3 24	$244M	$25.0K	$244M
Q4 24	$206M	$2.8B	$3.0B
Q1 25	$234M	$2.9B	$3.1B
Q2 25	$259M	$3.0B	$3.3B
Q3 25	$302M	$3.1B	$3.4B
Q4 25	$211M	$3.2B	$3.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	76M	-0.4%	-0.9%
Q2 22	74M	-2.0%	-3.1%
Q3 22	74M	-0.0%	-3.0%
Q4 22	74M	+0.1%	-2.3%
Q1 23	75M	+0.3%	-1.6%
Q2 23	75M	+0.2%	+0.6%
Q3 23	75M	+0.1%	+0.7%
Q4 23	75M	+0.2%	+0.8%
Q1 24	75M	+0.3%	+0.8%
Q2 24	103M	+36.8%	+37.6%
Q3 24	130M	+26.3%	+73.5%
Q4 24	130M	+0.1%	+73.5%
Q1 25	130M	+0.2%	+73.2%
Q2 25	130M	+0.0%	+26.7%
Q3 25	130M	+0.0%	+0.4%
Q4 25	131M	+0.1%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$108.3K	1K
Q2 22	$113.7K	1K
Q3 22	$134.2K	1K
Q4 22	$138.3K	1K
Q1 23	$147.4K	1K
Q2 23	$150.6K	1K
Q3 23	$157.9K	1K
Q4 23	$165.1K	1K
Q1 24	$166.4K	1K
Q2 24	$243.5K	1K
Q3 24	$287.0K	1K
Q4 24	$168.7K	2K
Q1 25	$189.6K	2K
Q2 25	$195.9K	2K
Q3 25	$201.8K	2K
Q4 25	$194.4K	2K

Revenue / Employee