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Provident Financial Services, Inc.
NYSE: PFS Financials Bank 🔎 Screen
🏹 Trader: 🎯 Near 52W High | BRS 64 Forming View all →
$3.0B
Market Cap
8.9
P/E
1.77
PEG
ROCE
10.7%
ROE
0.95
D/E
OPM
-6.9%
% from 52W High
65
α RS
🔍 PFS is showing a near-52W-high setup because it's within 6.9% of its 52-week high, it matches 2 of 39 tracked screener presets, and RS Rating is 65. Net: Broad signal stack, not a recommendation. ? 52W High Conviction RS Rating
Sources
6.9% from 52W high · Conviction 2/39 · RS Rating 65
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🌏 Global Investor Returns
Currency-adjusted total returns for PFS including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
📊 Sector Averages
About

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. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company’s loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, retail and industrial properties, and office buildings; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; residential mortgage loans; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning; and insurance agency operations. Further, it sells insurance and investment products, including annuities; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding PFS
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 46.8K $991K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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📊 MIXED PFS Q1 2026: Net earnings $79M, EPS $0.61, ROA 1.29%, record loan pipeline.
Revenue & Profitability
Net earnings were $79 million ($0.61 per share), up 24% year-over-year. Pre-provision net revenue was $108 million (1.75% of average assets), up 13.5% from $95 million in Q1 2025. Net interest income was $194 million and non-interest income was $31.5 million. Tangible book value per share increased 2.1% to $16.03.
Outlook
Management now models no further Federal Reserve rate cuts for the remainder of 2026 (versus three cuts previously assumed). Deposit competition is described as 'heightened' with spreads compressing. Despite this, the company remains positive about its loan growth guidance of 4%-6% for full year 2026.
Growth Drivers
Commercial loan production increased 8% year-over-year to $649 million, with C&I loans growing at a 10% annualized rate. The insurance platform saw 21% revenue growth year-over-year. New hires in wealth management (Beacon Trust) are expected to accelerate growth, and there is a strong pipeline for SBA gain on sale. Geographic expansion includes adding talent in Westchester, the Philadelphia Main Line, and Cherry Hill.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Reported net interest margin was 3.40% (down 4 bps from Q4, due to purchase accounting), while core NIM expanded 3 bps to 3.04%. Management expects core NIM expansion of about 3 bps in Q2 and full-year NIM of 3.40%-3.45%. The efficiency ratio improved to 52% from the prior year. Quarterly core operating expenses are projected at $117-$119 million for the remainder of 2026.
Key Risks
A non-performing loan increase to 73 bps of total loans (from 40 bps in Q4) is primarily due to a bankruptcy affecting four related commercial loans totaling $82 million. However, management expects minimal loss given strong collateral values (weighted average LTV of 53%) and expects resolution by year-end. Macro events and geopolitical uncertainty are noted as influencing reserve forecasts.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 2026 saw record earnings, revenue, and strong loan and deposit growth, with EPS up 17% year-over-year. Asset quality improved, non-interest income rose, and guidance was raised for loan, deposit, and fee income growth. Competitive deposit markets and selective M&A remain key themes.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw 24% year-over-year net income growth, strong loan production, and record insurance revenue. Asset quality remains solid despite a rise in non-performing loans due to a single bankruptcy, with minimal losses expected. Guidance for 2026 is reaffirmed.
Q4 2025 Q4 2025 2026-01-28
Reported record Q4 revenue and profitability, with strong loan and deposit growth, robust credit quality, and expanding non-interest income. Guidance for 2026 includes continued margin expansion, disciplined expense management, and strategic investments in talent and technology.
Q3 2025 Q3 2025 2025-10-30
Record pre-tax, pre-provision earnings and revenue were achieved, driven by strong commercial loan and deposit growth, improved efficiency, and solid credit quality. Strategic investments in specialty lending and wealth management are supporting diversification and future growth.
Q2 2025 Q2 2025 2025-07-24
Record net income, strong loan growth, and improved asset quality drove higher margins and capital ratios. Management projects stable NIM, disciplined expenses, and continued organic growth, with optimism for the remainder of 2025.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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