Provident Financial Services, Inc.

NYSE:PFS Stock Report

Market Cap: US$3.0b

Provident Financial Services Past Earnings Performance

Past criteria checks 5/6

Provident Financial Services has been growing earnings at an average annual rate of 9.3%, while the Banks industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 14.6% per year. Provident Financial Services's return on equity is 10.7%, and it has net margins of 34.6%.

Key information

9.31%

Earnings growth rate

-5.67%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate14.62%
Return on equity10.71%
Net Margin34.60%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 04

PFS: Net Interest Margin Expansion And Cost Discipline Will Support Future Returns

Analysts have lifted their price target on Provident Financial Services by $1 to $25, citing expectations for steady profitability, gradual net interest margin gains of roughly 4 to 5 basis points per quarter, solid expense control, and an entry valuation around 8.2x the 2026 P/E with an estimated dividend yield near 4.5%. Analyst Commentary Bullish Takeaways Bullish analysts highlight the raised US$25 price target as reflecting confidence that the stock’s current valuation around 8.2x estimated 2026 P/E leaves room for upside if the company meets execution goals.
Seeking Alpha • May 11

Provident Financial Services Remains Compelling As Its Quality Shines Through

Summary Provident Financial Services remains a compelling 'buy' despite recent underperformance versus the S&P 500. PFS demonstrates robust asset quality, attractive valuation, and continued earnings growth, with net profits rising from $64M to $79.4M. Deposit declines are offset by reduced high-cost brokered deposits and loan growth, supporting margin expansion and profitability. Credit quality metrics warrant monitoring, but current levels are not sufficient to alter the bullish thesis. Read the full article on Seeking Alpha
Narrative Update • May 08

PFS: Net Interest Margin Expansion And Expense Discipline Will Support Future Returns

Analyst price targets for Provident Financial Services have moved up by $0.60 to $25.20. Analysts point to expectations for steady profitability, net interest margin expansion and disciplined expense management as key supports for the updated view.
Narrative Update • Apr 21

PFS: Net Interest Margins And Dividend Yield Will Support Balanced Future Returns

Narrative Update The analyst price target for Provident Financial Services is now set at $25, with analysts pointing to steady profitability, gradual net interest margin expansion of about 4 to 5 bps a quarter, tight expense control and a current valuation around 8.2x projected 2026 earnings with a dividend yield near 4.5% as key supports for this view. Analyst Commentary Recent Street research around Provident Financial Services clusters around a shared $25 price target, but the reasoning behind that view splits into clearly optimistic and more cautious camps.
Narrative Update • Apr 07

PFS: Net Interest Margin Expansion And Dividend Yield Will Support Future Upside

The analyst price target for Provident Financial Services has been nudged slightly lower from $25.00 to about $24.60, as analysts balance expectations for continued profitability and net interest margin expansion with views that the shares trade near peer P/E multiples and face some capital constraints. Analyst Commentary Recent research paints a mixed picture for Provident Financial Services, with some analysts pointing to earnings power and income potential, while others highlight valuation and capital as reasons for restraint.
Narrative Update • Mar 24

PFS: Net Interest Margin Expansion And Dividend Yield Will Support Forward Upside

Analysts have maintained the $25 price target for Provident Financial Services, citing continued profitability, steady net interest margin expansion, disciplined expense management, and what they view as a reasonable P/E and dividend yield at current levels. Analyst Commentary Recent Street research around Provident Financial Services centers on how its current P/E, dividend yield, and balance sheet constraints line up with execution on profitability and interest margin trends.
Narrative Update • Mar 10

PFS: Neutral Ratings And Share Repurchases Will Support Constructive Forward Outlook

Narrative Update: Provident Financial Services The analyst price target for Provident Financial Services has been reaffirmed at $25, as analysts highlight that the shares trade in line with peers and view the current P/E and margin assumptions as consistent with the bank's capital constraints. Analyst Commentary Recent research coverage frames Provident Financial Services as fairly valued at its current P/E, with the $25 price target repeated across reports.
Narrative Update • Feb 23

PFS: Share Repurchases And Refined P/E Assumptions Will Guide Balanced Future Outlook

Analysts recently raised their price target on Provident Financial Services by $2 to $25, attributing the change to updated assumptions regarding the discount rate, profit margin, and future P/E, while maintaining their fair value estimate at $25. Analyst Commentary Analysts updated their work on Provident Financial Services alongside the new US$25 price target, using revised assumptions around discount rate, profit margin, and future P/E to fine tune their view of the shares.
Narrative Update • Feb 08

PFS: Share Repurchases And Revised P/E Range Will Shape Balanced Future Upside

Analysts have lifted their fair value estimate for Provident Financial Services from $23.13 to $25.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations reflected in recent Street research. Analyst Commentary Recent Street research has focused on how the updated fair value estimate of US$25.00 lines up with expectations around earnings power, capital deployment, and the appropriate P/E range for Provident Financial Services.
Analysis Article • Feb 01

Provident Financial Services (NYSE:PFS) Has Announced A Dividend Of $0.24

The board of Provident Financial Services, Inc. ( NYSE:PFS ) has announced that it will pay a dividend on the 27th of...
Narrative Update • Jan 25

PFS: Share Repurchases Will Support Future Upside As Credit Costs Remain Contained

Analysts have held their price target for Provident Financial Services steady at $23.13. This reflects largely unchanged views on its fair value as small tweaks to inputs like the discount rate, revenue growth, profit margin and future P/E feed into a broadly consistent valuation framework.
Narrative Update • Jan 10

PFS: Share Repurchases And Steady Credit Costs Will Support Future Upside

Analysts reaffirmed their price target on Provident Financial Services at US$23.13, citing largely unchanged assumptions for the discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their current valuation view. What's in the News From July 1, 2025 to September 30, 2025, Provident Financial Services repurchased 1,335 shares for about US$0.02 million, representing 0.001022% of shares under its ongoing buyback program (Key Developments).
Narrative Update • Dec 24

PFS: Improving Credit Quality Will Drive Future Earnings Upside

Analysts have nudged their price target on Provident Financial Services higher, raising fair value by approximately $0.50 per share to about $23.13, citing slightly higher long term profitability and a modestly richer expected earnings multiple. What's in the News Completed a multi year share repurchase program launched on January 29, 2021, retiring a total of 3,065,903 shares, or about 3.94% of shares outstanding, for $69.23 million (company filing) The latest repurchase tranche from July 1, 2025 to September 30, 2025 totaled 1,335 shares, or roughly 0.001022% of shares, for $0.02 million (company filing) Reported third quarter 2025 net loan charge offs of $5.4 million, down from $6.8 million in the prior year quarter, indicating modest improvement in credit costs (company results) Valuation Changes Fair Value has risen slightly, increasing by about $0.50 per share from approximately $22.63 to $23.13.
Narrative Update • Dec 10

PFS: Improving Credit Quality Will Drive Future Upside Potential

Analysts nudged their price target on Provident Financial Services modestly higher to approximately $22.63 per share, reflecting slightly lower discount rate assumptions and sustained expectations for steady revenue growth, resilient profit margins, and a stable forward earnings multiple. What's in the News Completed share repurchase program announced January 29, 2021, with a total of 3,065,903 shares bought back for $69.23 million, representing 3.94% of shares outstanding (Key Developments) The latest tranche from July 1 to September 30, 2025 included the repurchase of 1,335 shares for $0.02 million, a marginal 0.001022% of shares, signaling a final clean up of the program (Key Developments) Third quarter 2025 net loan charge offs declined to $5.4 million from $6.8 million a year earlier, indicating improving credit quality trends (Key Developments) Valuation Changes Fair Value Estimate: Unchanged at approximately $22.63 per share, indicating no revision to the intrinsic value assessment.
Narrative Update • Nov 26

PFS: Share Buyback Activity And Charge-Off Improvements Will Drive Positive Momentum

Narrative Update: Analyst Price Target Adjustment for Provident Financial Services Analysts have maintained their price target for Provident Financial Services at $22.63, indicating continued confidence in the company's valuation, which is supported by largely unchanged financial forecasts. What's in the News Between July 1, 2025 and September 30, 2025, Provident Financial Services completed the repurchase of 1,335 shares for $0.02 million as part of its ongoing buyback program.
Narrative Update • Nov 07

PFS: Share Buyback And Lower Charge-Offs Signal Upside Potential Ahead

Analysts have slightly adjusted their price target for Provident Financial Services, maintaining it at $22.63. Updated estimates indicate a modest decrease in projected revenue growth and profit margins.
Analysis Article • Nov 03

Provident Financial Services (NYSE:PFS) Is Due To Pay A Dividend Of $0.24

The board of Provident Financial Services, Inc. ( NYSE:PFS ) has announced that it will pay a dividend on the 28th of...
Narrative Update • Oct 22

Analysts Lift Provident Financial Price Target Amid Improved Margins and Share Buyback Completion

Analysts have raised their price target for Provident Financial Services from $22.08 to $22.63 per share, citing slight increases in profit margin and future earnings estimates, even though projected revenue growth is expected to be marginally lower. What's in the News Provident Financial Services, Inc.
Analysis Article • Jul 28

Provident Financial Services (NYSE:PFS) Has Announced A Dividend Of $0.24

Provident Financial Services, Inc. ( NYSE:PFS ) will pay a dividend of $0.24 on the 29th of August. This means the...
Seeking Alpha • Feb 17

Provident Financial Services: Reported Earnings Could Almost Double In 2025

Summary Provident Financial Services is a U.S. regional bank focused on mortgage lending in New Jersey, Pennsylvania, and New York. The bank's Q4 2024 results reflected the final costs of the merger with Lakeland Bancorp. Looking ahead to 2025, the bank expects no additional merger costs and a stable net interest margin. Coupled with loan growth and operational synergies, this should result in earnings close to $2.00/share, earning PFS a Buy rating. PFS boasts low credit costs and a high capital buffer. As such, the main risk in the investment case remains the effect on the net interest margin from Fed policy normalization. Read the full article on Seeking Alpha
Analysis Article • Nov 02

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services, Inc. ( NYSE:PFS ) will pay a dividend of $0.24 on the 29th of November. Based on this...
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New Narrative • Sep 24

The Company-Lakeland Merger To Ignite Revenue Growth, Net Margin Improvements, And Strengthen Financial Stability

The Provident-Lakeland merger offers significant cross-selling opportunities in insurance and wealth management, aiming to boost revenues.
Analysis Article • Jul 29

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services, Inc. ( NYSE:PFS ) has announced that it will pay a dividend of $0.24 per share on the...
Seeking Alpha • Feb 14

Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger

Summary Provident Financial Services, the parent of Provident Bank, gets a Buy rating today, contrarian to the bearish or cautious consensus from Wall Street and the SA quant system. The bank has expected future EPS and revenue growth, a 6% dividend yield that beats several regional bank peers, an expanding loan portfolio, and growth potential from Lakeland Bank merger. Provident has a low risk profile, with less than 5% of the loan book exposed to office loans. The share price appears to be fairly priced and valued. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Provident Financial Services makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PFS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 268863073540
31 Dec 258672913490
30 Sep 258372563450
30 Jun 258232313460
31 Mar 257001473350
31 Dec 246071163040
30 Sep 24526942740
30 Jun 24428762360
31 Mar 244411202110
31 Dec 234511282090
30 Sep 234641502040
30 Jun 234911652070
31 Mar 235001722100
31 Dec 225001762090
30 Sep 224791642090
30 Jun 224631582070
31 Mar 224681632030
31 Dec 214741682000
30 Sep 214751711990
30 Jun 214571611970
31 Mar 214081311880
31 Dec 20355971830
30 Sep 20332821740
30 Jun 20326871670
31 Mar 20336971670
31 Dec 193491131640
30 Sep 193521221610
30 Jun 193521271580
31 Mar 193411211560
31 Dec 183361181550
30 Sep 183281021550
30 Jun 18322931550
31 Mar 18331981540
31 Dec 17328941520
30 Sep 17325971520
30 Jun 17318931510
31 Mar 17312901490
31 Dec 16309881480
30 Sep 16307871470
30 Jun 16302841450
31 Mar 16304851440
31 Dec 15301841430
30 Sep 15296831370
30 Jun 15295821370

Quality Earnings: PFS has high quality earnings.

Growing Profit Margin: PFS's current net profit margins (34.6%) are higher than last year (21.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PFS's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: PFS's earnings growth over the past year (107.9%) exceeds its 5-year average (9.3% per year).

Earnings vs Industry: PFS earnings growth over the past year (107.9%) exceeded the Banks industry 22.8%.

Return on Equity

High ROE: PFS's Return on Equity (10.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 06:34
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Provident Financial Services, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullD.A. Davidson & Co.
Jacob CivielloD.A. Davidson & Co.
Feddie StricklandHovde Group, LLC