Provident Financial Services Balance Sheet Health
Financial Health criteria checks 6/6
Provident Financial Services has total assets of $24.0B and total equity of $2.6B. Total deposits are $18.4B, and total loans are $18.6B. It earns a Net Interest Margin of 3.2%. It has sufficient allowance for bad loans, which are currently at 0.5% of total loans. Cash and short-term investments are $386.1M.
Key information
9.2x
Asset to equity ratio
3.2%
Net interest margin
| Total deposits | US$18.38b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.5% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$386.06m |
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 (9.2x) is low.
Allowance for Bad Loans: PQ3 has a sufficient allowance for bad loans (213%).
Low Risk Liabilities: 86% 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 (77%).
Low Risk Deposits: PQ3's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: PQ3 has an appropriate level of bad loans (0.5%).