Provident Financial Services, Inc (PFS) financial statements (2021 and earlier)

Company profile

Business Address 830 BERGEN AVENUE
JERSEY CITY, NJ 07306
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments533511455371188262208
Cash and cash equivalents532510454371187261208
Short-term investments1111111
Total current assets:533511455371188262208
Noncurrent Assets
Operating lease, right-of-use asset41423940424345
Property, plant and equipment76735554555556
Intangible assets, net (including goodwill), including:444467436436422438438
Goodwill443   421  
Intangible assets, net (excluding goodwill)1   2  
Other undisclosed intangible assets, net (including goodwill) 467436436 438438
Total noncurrent assets:561582529531519536538
Other undisclosed assets11,82511,7799,5309,1839,1029,1219,192
TOTAL ASSETS:12,92012,87110,51410,0859,8099,9189,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt854   550  
Total current liabilities:854   550  
Noncurrent Liabilities
Other undisclosed liabilities10,44611,2709,1038,6727,8458,5218,547
Total liabilities:11,30011,2709,1038,6728,3958,5218,547
Stockholders' equity
Stockholders' equity attributable to parent1,6201,6021,4101,4131,4141,3981,391
Common stock1111111
Treasury stock, value(59)(45)(275)(274)(269)(293)(277)
Additional paid in capital9629611,0101,0091,0071,0281,026
Accumulated other comprehensive income18131315474
Retained earnings718694686686695683666
Unearned esop shares(20)(23)(23)(24)(25)(28)(28)
Total stockholders' equity:1,6201,6021,4101,4131,4141,3981,391
TOTAL LIABILITIES AND EQUITY:12,92012,87110,51410,0859,8099,9189,938

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues31272223232528
Net investment income29252223232528
Cost of revenue2(6)(11)(15)(3)(1)(10)
Provision for loan, lease, and other losses (6)(11)(15) (1)(10)
Gross profit:3320128202418
Operating expenses(16)(14)(12)(12)(12)(12)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
7857775
Operating income:241443151911
Nonoperating income
(Bank Owned Life Insurance Income)
2221211
Interest and debt expense(11)(11)(12)(16)(18)(19)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes38322433344140
Income from continuing operations before income taxes:53361820344133
Income tax expense(12)(9)(4)(5)(8)(10)(9)
Net income available to common stockholders, diluted:41271415263124

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:41271415263124
Other comprehensive income (loss)41(2)11(3)39
Comprehensive income, net of tax, attributable to parent:45281226233433

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: