Provident Financial Services Balance Sheet Health
Financial Health criteria checks 6/6
Provident Financial Services has total assets of $14.1B and total equity of $1.7B. Total deposits are $10.1B, and total loans are $10.7B. It earns a Net Interest Margin of 3.2%. It has sufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are $275.7M.
Key information
8.3x
Asset to equity ratio
3.2%
Net interest margin
Total deposits | US$10.10b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.4% |
Allowance for bad loans | Sufficient |
Current ratio | Low |
Cash & equivalents | US$275.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PQ3's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: PQ3 has a sufficient allowance for bad loans (224%).
Low Risk Liabilities: 81% of PQ3's liabilities are made up of primarily low risk sources of funding.
Loan Level: PQ3 has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: PQ3's Loans to Deposits ratio (106%) is appropriate.
Level of Bad Loans: PQ3 has an appropriate level of bad loans (0.4%).