The bank maintains a stable capital position with an equity-to-assets ratio of 0.11, supporting its $25.2 billion asset base following the Lakeland Bancorp integration.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash & Short Term Investments | 13.56B | 3.38B | 2.97B | 1.87B | 1.99B | 2.77B | 1.64B | 1.16B | 1.21B | 1.23B | 1.18B | 1.07B | 1.18B | 1.26B | 1.37B | 1.45B | 52.23M | 123.74M | 68.55M | 122.63M | 89.39M | 107.35M | 121.19M | 106.23M | 101.35M | 107.4M |
| Cash & Due from Banks | 222.08M | 211.48M | 205.91M | 180.25M | 186.44M | 712.46M | 532.35M | 186.75M | 142.66M | 190.83M | 144.3M | 102.23M | 103.76M | 101.22M | 103.82M | 69.63M | 52.23M | 120.82M | 66.31M | 83.74M | 89.39M | 107.35M | 121.19M | 106.23M | 101.35M | 107.4M |
| Short Term Investments | 3.24B | 3.16B | 2.77B | 1.69B | 1.8B | 2.06B | 1.11B | 976.92M | 1.06B | 1.04B | 1.04B | 964.53M | 1.07B | 1.16B | 1.26B | 1.38B | 0 | 2.92M | 2.23M | 38.89M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 3.24B | 3.16B | 21.74B | 12.82B | 12.35B | 12B | 11.28B | 8.71B | 8.74B | 8.78B | 8.47B | 7.91B | 7.57B | 6.65B | 6.46B | 6.3B | 6.07B | 5.99B | 5.65B | 5.42B | 4.93B | 5.21B | 5.53B | 3.89B | 3.58B | 2.6B |
| Investments Growth % | 90265928.55% | -85.45% | 69.6% | 3.78% | 2.98% | 6.36% | 29.51% | -0.34% | -0.49% | 3.67% | 7.02% | 4.58% | 13.88% | 2.9% | 2.45% | 3.92% | 1.19% | 6.12% | 4.18% | 9.89% | -5.31% | -5.69% | 42.17% | 8.54% | 37.59% | - |
| Long-Term Investments | 38.68B | 0 | 18.98B | 11.13B | 10.55B | 9.94B | 10.17B | 7.73B | 7.68B | 7.74B | 7.43B | 6.95B | 6.49B | 5.49B | 5.19B | 4.93B | 6.07B | 5.99B | 5.65B | 5.38B | 4.93B | 5.21B | 5.53B | 3.89B | 3.58B | 2.6B |
| Accounts Receivables | 97.73M | 95.8M | 91.16M | 58.97M | 51.9M | 41.99M | 46.45M | 29.03M | 31.48M | 29.65M | 27.08M | 25.77M | 25.23M | 22.96M | 24M | 24.65M | 25.26M | 25.8M | 23.87M | 24.66M | 21.7M | 23.16M | 23.86M | 16.84M | 15.84M | 15.33M |
| Goodwill & Intangibles | 773.59M | 782.15M | 819.23M | 457.94M | 460.89M | 464.18M | 466.21M | 437.02M | 418.18M | 420.29M | 422.94M | 426.28M | 404.42M | 356.43M | 357.91M | 360.71M | 354.22M | 358.06M | 514.68M | 520.72M | 429.72M | 435.84M | 443.15M | 23.94M | 0 | 0 |
| Goodwill | 0 | 0 | 624.07M | 443.62M | 443.62M | 443.62M | 443M | 420.56M | 411.6M | 411.6M | 411.6M | 411.62M | 392.76M | 352.61M | 352.61M | 353.28M | 346.29M | 346.29M | 498.79M | 498.91M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 773.59M | 782.15M | 195.16M | 14.32M | 17.27M | 20.56M | 23.21M | 16.46M | 6.58M | 8.69M | 11.34M | 14.65M | 11.66M | 3.82M | 5.3M | 7.44M | 7.93M | 11.77M | 15.89M | 21.81M | 429.72M | 435.84M | 443.15M | 23.94M | 0 | 0 |
| PP&E (Net) | 110.36M | 113.33M | 119.62M | 71M | 79.79M | 80.56M | 75.95M | 55.21M | 58.12M | 63.19M | 84.09M | 88.99M | 92.99M | 66.45M | 66.12M | 66.26M | 74.26M | 76.28M | 75.75M | 79.14M | 59.81M | 60.95M | 64.61M | 46.74M | 44.01M | 42.21M |
| Other Assets | 0 | 0 | 1.07B | 621.69M | 650.86M | 485.8M | 519.93M | 391.84M | 337.17M | 360.33M | 351.88M | 353.93M | 329.28M | 295.02M | 274.03M | 272.55M | 252.53M | 260.61M | 219.05M | 228.62M | 207.89M | 214.15M | 255.1M | 204.78M | 152M | 74.69M |
| Total Current Assets | 3.56B | 3.47B | 3.07B | 1.93B | 2.04B | 2.81B | 1.68B | 1.19B | 1.24B | 1.26B | 1.21B | 1.09B | 1.2B | 1.28B | 1.39B | 1.47B | 77.49M | 149.54M | 92.41M | 147.29M | 111.09M | 130.51M | 145.05M | 123.07M | 117.19M | 122.73M |
| Total Non-Current Assets | 883.94M | 895.48M | 20.99B | 12.28B | 11.74B | 10.97B | 11.24B | 8.62B | 8.49B | 8.59B | 8.29B | 7.82B | 7.32B | 6.21B | 5.89B | 5.63B | 6.75B | 6.69B | 6.46B | 6.21B | 5.63B | 5.92B | 6.29B | 4.16B | 3.8B | 2.75B |
| Total Assets | 25.2B | 24.98B | 24.05B | 14.21B | 13.78B | 13.78B | 12.92B | 9.81B | 9.73B | 9.85B | 9.5B | 8.91B | 8.52B | 7.49B | 7.28B | 7.1B | 6.82B | 6.84B | 6.55B | 6.36B | 5.74B | 6.05B | 6.43B | 4.28B | 3.92B | 2.87B |
| Asset Growth % | 13.16% | 3.86% | 69.25% | 3.1% | 0.02% | 6.67% | 31.72% | 0.85% | -1.21% | 3.63% | 6.61% | 4.56% | 13.84% | 2.8% | 2.62% | 4% | -0.17% | 4.39% | 2.98% | 10.73% | -5.11% | -5.92% | 50.14% | 9.33% | 36.57% | - |
| Return on Assets (ROA) | 1.23% | 1.19% | 0.6% | 0.92% | 1.27% | 1.26% | 0.85% | 1.15% | 1.21% | 0.97% | 0.95% | 0.96% | 0.92% | 0.95% | 0.94% | 0.82% | 0.73% | -1.82% | 0.65% | 0.62% | 0.91% | 0.94% | 0.92% | 0.46% | 0.78% | 0.84% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 2.89B | 2.52B | 2.42B | 1.53B | 1.35B | 637.06M | 1.2B | 1.13B | 1.44B | 1.74B | 1.61B | 1.71B | 1.51B | 1.2B | 803.26M | 920.18M | 969.68M | 1.02B | 1.27B | 1.57B | 840.99M | 996.55M | 1.19B | 736.33M | 323.08M | 195.77M |
| Net Debt | 2.67B | 2.31B | 2.22B | 1.35B | 1.16B | -75.41M | 668.75M | 938.4M | 1.3B | 1.55B | 1.47B | 1.61B | 1.41B | 1.1B | 699.44M | 850.55M | 917.45M | 897.12M | 1.2B | 1.49B | 751.6M | 889.2M | 1.07B | 630.1M | 221.73M | 88.36M |
| Long-Term Debt | 2.8B | 2.42B | 2.31B | 1.46B | 1.25B | 520.3M | 1.1B | 1.06B | 1.32B | 1.6B | 1.45B | 1.45B | 1.26B | 957.56M | 507.65M | 548.35M | 969.68M | 1.02B | 1.27B | 1.09B | 299.37M | 996.55M | 1.19B | 736.33M | 323.08M | 195.77M |
| Short-Term Debt | 95.14M | 95.01M | 113.22M | 72.16M | 98M | 116.76M | 99.94M | 60.74M | 121.32M | 143.18M | 156.66M | 261.35M | 246.57M | 246.32M | 295.62M | 371.83M | 0 | 0 | 0 | 480.56M | 541.62M | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 299.41M | 310.02M | 362.51M | 660.13M | 239.14M | 178.6M | 226.71M | 140.18M | 68.82M | 64M | 57.86M | 60.63M | 55.26M | 49.85M | 49.17M | 47.19M | 55.42M | 34.49M | 36.07M | -439.96M | 38.74M | 39.95M | 37.51M | 24.39M | 17.2M | 40.1M |
| Total Current Liabilities | 19.24B | 19.41B | 18.78B | 10.4B | 10.7B | 11.39B | 9.97B | 7.19B | 6.98B | 6.88B | 6.73B | 6.21B | 6.06B | 5.47B | 5.75B | 5.55B | 4.88B | 4.9B | 4.23B | 4.71B | 4.39B | 3.94B | 4.07B | 2.71B | 3.25B | 2.34B |
| Total Non-Current Liabilities | 3.1B | 2.73B | 2.67B | 2.12B | 1.49B | 698.89M | 1.33B | 1.2B | 1.39B | 1.66B | 1.51B | 1.51B | 1.32B | 1.01B | 556.82M | 595.54M | 1.03B | 1.05B | 1.3B | 653.22M | 338.11M | 1.04B | 1.23B | 760.72M | 340.28M | 235.86M |
| Total Liabilities | 22.34B | 22.15B | 21.45B | 12.52B | 12.19B | 12.08B | 11.3B | 8.39B | 8.37B | 8.55B | 8.25B | 7.72B | 7.38B | 6.48B | 6.3B | 6.14B | 5.9B | 5.95B | 5.53B | 5.36B | 4.72B | 4.98B | 5.3B | 3.47B | 3.59B | 2.58B |
| Total Equity | 2.86B | 2.83B | 2.6B | 1.69B | 1.6B | 1.7B | 1.62B | 1.41B | 1.36B | 1.3B | 1.25B | 1.2B | 1.14B | 1.01B | 981.25M | 952.48M | 921.69M | 884.55M | 1.02B | 1B | 1.02B | 1.08B | 1.14B | 817.12M | 326.01M | 292.13M |
| Equity Growth % | 28.11% | 8.92% | 53.86% | 5.81% | -5.86% | 4.77% | 14.57% | 4.04% | 4.64% | 3.75% | 4.66% | 4.54% | 13.19% | 3.01% | 3.02% | 3.34% | 4.2% | -13.16% | 1.78% | -1.8% | -5.31% | -5.32% | 39.12% | 150.64% | 11.6% | - |
| Equity / Assets (Capital Ratio) | 11.36% | 11.34% | 10.82% | 11.9% | 11.59% | 12.31% | 12.54% | 14.41% | 13.97% | 13.19% | 13.18% | 13.42% | 13.42% | 13.5% | 13.47% | 13.42% | 13.51% | 12.94% | 15.55% | 15.74% | 17.75% | 17.78% | 17.67% | 19.07% | 8.32% | 10.18% |
| Return on Equity (ROE) | 10.98% | 10.72% | 5.38% | 7.81% | 10.66% | 10.13% | 6.39% | 8.12% | 8.91% | 7.37% | 7.17% | 7.16% | 6.83% | 7.08% | 6.96% | 6.12% | 5.5% | -12.8% | 4.12% | 3.7% | 5.12% | 5.29% | 5.05% | 3.28% | 8.6% | 8.24% |
| Book Value per Share | 21.92 | 21.71 | 23.71 | 22.58 | 21.36 | 22.17 | 23.26 | 21.84 | 20.87 | 20.11 | 19.60 | 18.95 | 18.89 | 17.62 | 17.15 | 16.75 | 16.29 | 15.72 | 18.18 | 16.94 | 16.52 | 16.10 | 18.36 | 14.10 | 5.30 | 4.75 |
| Tangible BV per Share | 16.00 | 15.72 | 16.24 | 16.46 | 15.20 | 16.10 | 16.57 | 15.09 | 14.45 | 13.60 | 12.98 | 12.20 | 12.21 | 11.41 | 10.90 | 10.41 | 10.03 | 9.36 | 8.99 | 8.13 | 9.55 | 9.58 | 11.20 | 13.68 | 5.30 | 4.75 |
| Common Stock | 1.38M | 1.38M | 1.38M | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 832K | 799K | 799K | 799K | 615K | 0 | 0 |
| Additional Paid-in Capital | 1.85B | 1.84B | 1.83B | 989.06M | 981.14M | 969.82M | 962.45M | 1.01B | 1.02B | 1.01B | 1.01B | 1B | 995.05M | 1.03B | 1.02B | 1.02B | 1.02B | 1.01B | 1.01B | 1.01B | 937.62M | 964.55M | 960.79M | 606.54M | 0 | 0 |
| Retained Earnings | 1.2B | 1.15B | 989.11M | 974.54M | 918.16M | 814.53M | 718.09M | 695.27M | 651.1M | 586.13M | 550.77M | 507.71M | 465.28M | 427.76M | 389.55M | 363.01M | 332.47M | 307.75M | 454.44M | 437.5M | 424.96M | 395.59M | 358.68M | 324.25M | 314.11M | 287.54M |
| Accumulated OCI | -86.42M | -76.18M | -135.35M | -141.12M | -165.04M | 6.86M | 17.66M | 3.82M | -12.34M | -7.46M | -3.4M | -2.55M | 29K | -4.85M | 7.72M | 9.57M | 14.75M | 7.73M | -485K | 4.33M | -77.63M | -117.53M | -183.49M | -114.29M | 11.9M | 4.59M |
| Treasury Stock | -102.23M | -91.29M | -88.42M | -127.83M | -127.15M | -79.6M | -59.02M | -268.5M | -272.47M | -259.91M | -264.22M | -269.01M | -271.78M | -390.38M | -386.27M | -384.73M | -385.09M | -384.97M | -384.85M | -383.41M | -266.59M | -167.11M | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE Concentration and Integration
As reported in recent financial statements, Provident Financial Services grew its total assets from $14.1 billion in 2024Q1 to $25.2 billion by 2026Q1, a trajectory primarily driven by the strategic acquisition of Lakeland Bancorp and subsequent consolidation of the combined entity's balance sheet.
The rapid asset growth suggests a deliberate shift toward achieving greater scale in the competitive Tri-State regional market. Investors should monitor whether this expanded asset base can maintain historical yield profiles as the bank integrates disparate loan portfolios and navigates the current interest rate environment.
Based on the company's reported figures, the equity-to-assets ratio has remained stable at approximately 0.11 throughout the 2025-2026 period, indicating that management has successfully preserved capital adequacy despite the significant balance sheet expansion resulting from the Lakeland Bancorp merger.
Maintaining a consistent capital ratio during a period of rapid inorganic growth suggests a disciplined approach to capital management. However, the bank's proximity to higher regulatory thresholds warrants ongoing scrutiny, as future capital deployment for buybacks or further M&A may be constrained by evolving regulatory requirements.
According to quarterly filings, the investment securities portfolio expanded from $12.8 billion in 2024Q1 to $3.2 billion in 2026Q1, reflecting a significant reallocation of assets that appears to prioritize liquidity management following the completion of the Lakeland Bancorp integration.
The fluctuation in the securities portfolio suggests that management is actively adjusting its duration and liquidity profile to mitigate interest rate risk. This strategic pivot may indicate a defensive posture intended to protect the net interest margin against potential volatility in funding costs.
As indicated by the bank's geographic and segment focus, the heavy concentration in Tri-State commercial real estate represents a non-obvious risk, as reported in financial disclosures, which could lead to elevated provision expenses if regional office and multi-family property valuations face further downward pressure.
While the bank's diversified fee income from Beacon Trust provides some insulation, the core lending business remains highly sensitive to regional economic health. Investors should monitor whether the current provision coverage is sufficient to absorb potential credit deterioration within the commercial real estate portfolio.
Quick answers to the most common questions about buying PFS stock.
As of 2025, Provident Financial Services, Inc. (PFS) had total assets of $24.98B including $3.47B in current assets.
Provident Financial Services, Inc. (PFS) carries total debt of $2.52B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Provident Financial Services, Inc. (PFS) has total shareholders' equity (book value) of $2.83B ($21.71 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Provident Financial Services, Inc. (PFS) reported a current ratio of 0.18x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.