- PFS Ticker
- 🇺🇸 NYSE Exchange
- 959 Employees
- 💰 Financials Sector
- 💴 Thrifts & Mortgage Finance Industry
- Christopher P. Martin CEO
Financial statements — Provident Financial Services
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20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|
Total Revenue |
|
440M | 440M | 420M | 380M | 360M |
Cost Of Revenue |
|
32M | 13M | 24M | 5.6M | 5.4M |
Gross Profit |
|
400M | 420M | 390M | 370M | 350M |
Research and Development |
|
0 | 0 | 0 | 0 | 0 |
Selling General and Admin |
|
32M | 30M | 29M | 29M | 29M |
Operating Expense |
|
310M | 290M | 270M | 240M | 230M |
Operating Income |
|
130M | 150M | 140M | 140M | 120M |
Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
EBIT |
|
130M | 150M | 140M | 140M | 120M |
Interest Income |
|
0 | 0 | 0 | 0 | 0 |
Pretax Income |
|
130M | 150M | 140M | 140M | 120M |
Income Tax |
|
31M | 34M | 26M | 47M | 37M |
Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
Net Income |
|
97M | 110M | 120M | 94M | 88M |
Net Income Basic |
|
97M | 110M | 120M | 94M | 88M |
20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|
Current cash |
|
0 | 0 | 0 | 0 | 0 |
Short term investments |
|
1.7B | 1.5B | 1.6B | 1.6B | 1.6B |
Receivables |
|
46M | 29M | 31M | 30M | 27M |
Inventory |
|
0 | 0 | 0 | 0 | 0 |
Other current assets |
|
0 | 0 | 0 | 0 | 0 |
Current assets |
|
12B | 8.9B | 8.9B | 9B | 8.6B |
Long term investments |
|
1.1B | 880M | 810M | 840M | 860M |
Property plant equipment |
|
76M | 55M | 58M | 63M | 84M |
Goodwill |
|
0 | 0 | 0 | 0 | 0 |
Intangible assets |
|
470M | 440M | 420M | 420M | 420M |
Other assets |
|
520M | 390M | 340M | 350M | 340M |
Total assets |
|
13B | 9.8B | 9.7B | 9.8B | 9.5B |
Accounts payable |
|
0 | 0 | 0 | 0 | 0 |
Current long term debt |
|
1.2B | 1.1B | 1.4B | 1.7B | 1.6B |
Other current liabilities |
|
9.9B | 7.1B | 6.9B | 6.7B | 6.6B |
Total current liabilities |
|
11B | 8.3B | 8.3B | 8.5B | 8.2B |
Long term debt |
|
0 | 0 | 0 | 0 | 0 |
Other liabilities |
|
230M | 140M | 69M | 64M | 58M |
Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
Total Liabilities |
|
11B | 8.4B | 8.4B | 8.5B | 8.2B |
Common stock |
|
70M | 65M | 65M | 64M | 64M |
Retained earning |
|
720M | 700M | 650M | 590M | 550M |
Treasury stock |
|
-59M | -270M | -270M | -260M | -260M |
Capital surplus |
|
• | • | • | • | • |
Shareholder equity |
|
1.6B | 1.4B | 1.4B | 1.3B | 1.3B |
Net tangible assets |
|
1.2B | 980M | 940M | 880M | 830M |
20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|
Net Income |
|
97M | 110M | 120M | 94M | 88M |
Depreciation |
|
20M | 10M | 10M | 12M | 13M |
Changes in receivables |
|
17M | -2.4M | 1.8M | 2.6M | 1.3M |
Changes in inventories |
|
0 | 0 | 0 | 0 | 0 |
Cash change |
|
270M | 45M | -53M | 47M | -8.4M |
Cash flow |
|
110M | 140M | 160M | 120M | 130M |
Capital expenditures |
|
-13M | -4.9M | -3.2M | -3.2M | -5M |
Investments |
|
• | • | • | • | • |
Investing activity other |
|
• | • | • | • | • |
Total investing cash flows |
|
-510M | -43M | -47M | -310M | -580M |
Dividends paid |
|
66M | • | • | • | • |
Net borrowings |
|
-10B | -7.6B | -7.4B | -7.1B | -6.9B |
Other financing cash flows |
|
• | • | • | • | • |
Cash flow financing |
|
750M | -140M | -250M | 240M | 500M |
Exchange rate effect |
|
• | • | • | • | • |
Analyst Recommendations
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Provident Financial Services, Inc. operates as a holding company for the Provident Bank, which provides banking services to individual and corporate customers in northern and central New Jersey and eastern Pennsylvania. It attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans, and consumer loans. The firm also invests in mortgage backed securities and other permissible investments. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.