Provident Financial Services (PFS)
Market Price (6/24/2026): $23.37 | Market Cap: $3.1 BilSector: Financials | Industry: Regional Banks
Provident Financial Services (PFS)
Market Price (6/24/2026): $23.37Market Cap: $3.1 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 14% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% Weak multi-year price returns3Y Excs Rtn is -16% Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 80% Key risksPFS key risks include [1] deteriorating credit quality, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 14% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% |
| Weak multi-year price returns3Y Excs Rtn is -16% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 80% |
| Key risksPFS key risks include [1] deteriorating credit quality, Show more. |
Qualitative Assessment
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Provident Financial Services (PFS) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. Provident Financial Services significantly exceeded earnings expectations for fiscal Q1 2026. The company reported earnings per share (EPS) of $0.61 on April 29, 2026, surpassing the consensus estimate of $0.55 by $0.06, representing a 10.91% beat. While revenue for the quarter, at $225.20 million, was slightly below analyst expectations, the strong EPS performance indicated robust profitability with a 1.29% Return on Assets (ROA) and an adjusted Return on Tangible Common Equity (ROTCE) of 16.6%. This positive earnings surprise likely instilled investor confidence and contributed to the stock's appreciation.
2. The company demonstrated strong commercial loan growth and a record pipeline in fiscal Q1 2026. Provident Financial Services reported commercial loan originations of $649 million in Q1 2026, an 8% increase year-over-year. The commercial loan portfolio grew by $161 million, an annualized rate of 3.9%, with Commercial & Industrial (C&I) loans showing particular strength at a 10% annualized growth rate. By the end of March 2026, the company achieved a record commercial loan pipeline of $3.1 billion, which supports its loan growth guidance for 2026. This operational strength suggests future revenue potential and enhanced asset quality.
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Provident Financial Services (PFS) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. Provident Financial Services significantly exceeded earnings expectations for fiscal Q1 2026. The company reported earnings per share (EPS) of $0.61 on April 29, 2026, surpassing the consensus estimate of $0.55 by $0.06, representing a 10.91% beat. While revenue for the quarter, at $225.20 million, was slightly below analyst expectations, the strong EPS performance indicated robust profitability with a 1.29% Return on Assets (ROA) and an adjusted Return on Tangible Common Equity (ROTCE) of 16.6%. This positive earnings surprise likely instilled investor confidence and contributed to the stock's appreciation.
2. The company demonstrated strong commercial loan growth and a record pipeline in fiscal Q1 2026. Provident Financial Services reported commercial loan originations of $649 million in Q1 2026, an 8% increase year-over-year. The commercial loan portfolio grew by $161 million, an annualized rate of 3.9%, with Commercial & Industrial (C&I) loans showing particular strength at a 10% annualized growth rate. By the end of March 2026, the company achieved a record commercial loan pipeline of $3.1 billion, which supports its loan growth guidance for 2026. This operational strength suggests future revenue potential and enhanced asset quality.
3. Analysts revised price targets upward, maintaining a "Buy" consensus for the stock. Following the positive developments, several analysts adjusted their price targets for Provident Financial Services. Analysts have a consensus "Buy" rating for PFS, with an average price target of $25.00, implying an upside of approximately 8.89% from the stock's price as of June 8, 2026. For instance, on May 1, 2026, Keefe, Bruyette & Woods maintained a "Buy" rating and raised its price target from $25.00 to $26.00. This increasing analyst confidence and higher price targets likely fueled positive investor sentiment during the period.
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Stock Movement Drivers
Fundamental Drivers
The 12.3% change in PFS stock from 2/28/2026 to 6/23/2026 was primarily driven by a 6.7% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.81 | 23.38 | 12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 870 | 887 | 1.9% |
| Net Income Margin (%) | 33.5% | 34.6% | 3.3% |
| P/E Multiple | 9.3 | 10.0 | 6.7% |
| Shares Outstanding (Mil) | 131 | 131 | 0.0% |
| Cumulative Contribution | 12.3% |
Market Drivers
2/28/2026 to 6/23/2026| Return | Correlation | |
|---|---|---|
| PFS | 12.3% | |
| Market (SPY) | 7.2% | 31.7% |
| Sector (XLF) | 5.3% | 64.3% |
Fundamental Drivers
The 24.5% change in PFS stock from 11/30/2025 to 6/23/2026 was primarily driven by a 121.2% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.77 | 23.38 | 24.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 604 | 887 | 46.9% |
| Net Income Margin (%) | 15.6% | 34.6% | 121.2% |
| P/E Multiple | 25.9 | 10.0 | -61.5% |
| Shares Outstanding (Mil) | 130 | 131 | -0.4% |
| Cumulative Contribution | 24.5% |
Market Drivers
11/30/2025 to 6/23/2026| Return | Correlation | |
|---|---|---|
| PFS | 24.5% | |
| Market (SPY) | 8.0% | 28.3% |
| Sector (XLF) | 1.9% | 56.2% |
Fundamental Drivers
The 46.7% change in PFS stock from 5/31/2025 to 6/23/2026 was primarily driven by a 84.9% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.94 | 23.38 | 46.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 789 | 887 | 12.4% |
| Net Income Margin (%) | 18.7% | 34.6% | 84.9% |
| P/E Multiple | 14.1 | 10.0 | -29.3% |
| Shares Outstanding (Mil) | 130 | 131 | -0.1% |
| Cumulative Contribution | 46.7% |
Market Drivers
5/31/2025 to 6/23/2026| Return | Correlation | |
|---|---|---|
| PFS | 46.7% | |
| Market (SPY) | 25.9% | 37.1% |
| Sector (XLF) | 7.4% | 59.9% |
Fundamental Drivers
The 72.6% change in PFS stock from 5/31/2023 to 6/23/2026 was primarily driven by a 70.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.55 | 23.38 | 72.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 521 | 887 | 70.2% |
| Net Income Margin (%) | 33.0% | 34.6% | 4.6% |
| P/E Multiple | 5.9 | 10.0 | 69.5% |
| Shares Outstanding (Mil) | 75 | 131 | -42.8% |
| Cumulative Contribution | 72.6% |
Market Drivers
5/31/2023 to 6/23/2026| Return | Correlation | |
|---|---|---|
| PFS | 72.6% | |
| Market (SPY) | 82.4% | 45.3% |
| Sector (XLF) | 78.1% | 63.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PFS Return | 40% | -8% | -11% | 11% | 10% | 19% | 67% |
| Peers Return | 31% | -6% | 0% | 19% | 22% | 20% | 116% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| PFS Win Rate | 75% | 33% | 50% | 42% | 50% | 67% | |
| Peers Win Rate | 72% | 48% | 50% | 57% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| PFS Max Drawdown | -18% | -25% | -42% | -25% | -24% | -14% | |
| Peers Max Drawdown | -20% | -30% | -39% | -19% | -25% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSFS, VLY, FNB, MTB, CFG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/23/2026 (YTD)
How Low Can It Go
| Event | PFS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.5% | -18.8% |
| % Gain to Breakeven | 25.8% | 23.1% |
| Time to Breakeven | 82 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.2% | -9.5% |
| % Gain to Breakeven | 35.6% | 10.5% |
| Time to Breakeven | 59 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.6% | -6.7% |
| % Gain to Breakeven | 57.7% | 7.1% |
| Time to Breakeven | 545 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.3% | -24.5% |
| % Gain to Breakeven | 23.8% | 32.4% |
| Time to Breakeven | 117 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.6% | -33.7% |
| % Gain to Breakeven | 135.8% | 50.9% |
| Time to Breakeven | 352 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.6% | -17.9% |
| % Gain to Breakeven | 40.1% | 21.8% |
| Time to Breakeven | 94 days | 123 days |
In The Past
Provident Financial Services's stock fell -20.5% during the 2025 US Tariff Shock. Such a loss loss requires a 25.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | PFS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.5% | -18.8% |
| % Gain to Breakeven | 25.8% | 23.1% |
| Time to Breakeven | 82 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.2% | -9.5% |
| % Gain to Breakeven | 35.6% | 10.5% |
| Time to Breakeven | 59 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.6% | -6.7% |
| % Gain to Breakeven | 57.7% | 7.1% |
| Time to Breakeven | 545 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.6% | -33.7% |
| % Gain to Breakeven | 135.8% | 50.9% |
| Time to Breakeven | 352 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.6% | -17.9% |
| % Gain to Breakeven | 40.1% | 21.8% |
| Time to Breakeven | 94 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -45.4% | -53.4% |
| % Gain to Breakeven | 83.0% | 114.4% |
| Time to Breakeven | 605 days | 1085 days |
In The Past
Provident Financial Services's stock fell -20.5% during the 2025 US Tariff Shock. Such a loss loss requires a 25.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Provident Financial Services (PFS)
Provident Financial Services (PFS) operates as the holding company for Provident Bank, providing a comprehensive range of financial services primarily to individuals, families, and businesses. The company functions as a traditional community bank offering deposit and loan products, while also extending its services into wealth management, insurance, and investment product sales. Additionally, PFS engages in real estate investment trust activities by acquiring mortgage loans and manages real estate properties acquired through foreclosure.
Its core offerings include various deposit products such as savings, checking, money market, and certificate of deposit accounts. On the lending side, PFS specializes in a diverse loan portfolio encompassing commercial real estate loans, commercial business loans, residential mortgages for one- to four-family properties, commercial construction financing, and a variety of consumer loans including home equity, auto, and personal loans. Beyond these, the company provides essential banking services like cash management, online and mobile banking, and business credit cards, alongside wealth management services such as investment management, financial planning, and trust administration.
Provident Financial Services serves a broad customer base, from individual consumers and families seeking personal banking and wealth management solutions to small and medium-sized businesses requiring commercial lending and cash management services. Its primary market footprint extends across northern and central New Jersey, as well as specific counties in Pennsylvania and New York, where it maintains a network of full-service branch offices to cater to its local communities.
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A regional Bank of America, focused on providing comprehensive banking, lending, and wealth management services to individuals and businesses primarily in New Jersey, Pennsylvania, and New York.
Like a scaled-down U.S. Bank or PNC, offering a full spectrum of financial services from checking accounts to commercial loans and wealth management, concentrated within its tri-state region of New Jersey, Pennsylvania, and New York.
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- Banking Deposit Accounts: Provides various types of deposit accounts including savings, checking, money market, CDs, and IRA products.
- Commercial Loans: Offers loans for commercial real estate, business operations, and construction projects.
- Residential Mortgage Loans: Provides fixed-rate and adjustable-rate mortgage loans for one- to four-family residential properties.
- Consumer Loans: Offers a range of personal loans such as home equity, auto, marine, and unsecured lines of credit.
- Business & Digital Banking Services: Delivers cash management, payroll origination, remote deposit capture, escrow management, and online/mobile banking solutions.
- Wealth Management Services: Provides investment management, trust and estate administration, financial planning, and private banking.
- Insurance & Investment Products: Sells various insurance and investment products, including annuities.
- Real Estate Investment & Management: Operates as a real estate investment trust and manages/sells properties acquired through foreclosure.
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Provident Financial Services (PFS) primarily serves a diverse customer base of individuals, families, and businesses. Its major customer categories include:
- Individuals and Families: This category includes customers who utilize personal banking services such as savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. It also encompasses borrowers for fixed-rate and adjustable-rate mortgage loans, home equity loans and lines of credit, marine loans, personal loans, unsecured lines of credit, auto, and recreational vehicle loans.
- Businesses and Commercial Entities: This category comprises a wide range of businesses, from small to medium-sized enterprises to larger commercial entities. These customers benefit from commercial real estate loans (secured by multi-family apartment buildings, office buildings, retail, and industrial properties), commercial business loans, commercial construction loans, cash management services, remote deposit capture, payroll origination, escrow account management, and business credit cards.
- Wealth Management Clients: This specialized category includes individuals, families, and potentially institutional clients seeking comprehensive financial services. These clients leverage Provident Financial Services for investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking services.
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Anthony J. Labozzetta President and Chief Executive Officer
Mr. Labozzetta has served as President and Chief Executive Officer of Provident Financial Services and Provident Bank since January 2022. He previously held the role of President and Chief Operating Officer for both entities starting in August 2020. Prior to joining Provident, he was President and Chief Executive Officer of SB One Bancorp and SB One Bank from January 2010. His earlier career included serving as Executive Vice President of TD Bank from 2006 to 2010, and he began his professional journey as a certified public accountant with Deloitte LLP.
Thomas M. Lyons Senior Executive Vice President and Chief Financial Officer
Mr. Lyons has been the Senior Executive Vice President and Chief Financial Officer of Provident Financial Services and Provident Bank since January 2019. Before this, he served as Executive Vice President and Chief Financial Officer of Provident and Provident Bank since January 2011.
Christopher Martin Executive Chairman
Mr. Martin has served as Executive Chairman of Provident Financial Services since January 2022. He was previously the Chief Executive Officer of Provident and Provident Bank from August 2020, and prior to that, held the titles of Chief Executive Officer and President since September 2009. Before joining Provident, Mr. Martin served as president and chief executive officer of First Sentinel Bancorp, Inc., which Provident Financial Services, Inc. acquired in July 2004. He also serves on the board of directors of the Federal Home Loan Bank of New York.
Bennett MacDougall Executive Vice President, General Counsel, and Corporate Secretary
Mr. MacDougall has held the position of Executive Vice President, General Counsel, and Corporate Secretary of Provident Financial Services since August 2023. His previous role was Senior Vice President and General Counsel of Provident Bank.
George Lista President & Chief Executive Officer, Provident Protection Plus, Inc.
Mr. Lista has been the President of Provident Protection Plus, Inc., a wholly-owned subsidiary of Provident Bank (formerly SB One Insurance Agency, Inc.), since 2001. He brings over 35 years of experience in the insurance industry to his role.
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Key Risks to Provident Financial Services (PFS)
- Economic and Interest Rate Fluctuations: Provident Financial Services' financial performance is highly sensitive to changes in market interest rates and broader economic conditions. An inverted yield curve, consistently high short-term rates, or a sudden drop in interest rates could negatively affect the company's net interest margin and overall earnings. Furthermore, economic downturns or shifts in policy could impact borrower creditworthiness and loan repayment capabilities, posing a threat to asset quality and profitability.
- Competitive Market Pressures and Rising Funding/Deposit Costs: The company operates in a highly competitive financial services landscape, contending with larger banks, credit unions, and emerging fintech companies. This intense competition can hinder Provident Financial Services' ability to expand its deposit base and loan portfolio, thereby impacting its profitability and market share. The "brutal" competition for core deposits leads to persistent pressure from rising funding and deposit costs, which can further squeeze the bank's net interest margin.
- Regulatory and Compliance Risks: As a financial institution, Provident Financial Services is subject to extensive and stringent regulatory requirements. Failure to comply with these standards can lead to significant fines, sanctions, and reputational damage. Past regulatory actions, such as a Department of Justice Consent Order related to Lakeland Bank (with which PFS merged), highlight the ongoing need for rigorous compliance measures and robust internal control environments.
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- Neobanks and Digital-Only Banks: These agile, tech-first institutions (e.g., Chime, Ally Bank, Varo) operate with significantly lower overhead than traditional banks with extensive branch networks. They offer compelling digital-first experiences, often with higher interest rates on deposits and lower fees, directly threatening Provident Financial Services' ability to attract and retain customers for core deposit products such as savings, checking, and money market accounts.
- Online Lenders and Fintech Platforms: Specialised fintech companies are disrupting various lending segments. For example, online mortgage lenders (like Rocket Mortgage) offer streamlined digital application processes and faster approvals for residential real estate loans. Similarly, other platforms provide quick and convenient options for consumer loans (e.g., home equity, personal loans) and small commercial business loans. These offerings directly compete with Provident Financial Services' loan portfolio by siphoning off customers who prioritize speed, convenience, and potentially more competitive rates offered through digital channels.
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For Provident Financial Services (PFS), the addressable markets for their main products and services are sized as follows:
-
Retail Banking (including deposit products, checking, savings, and consumer loans): The U.S. retail banking market is estimated at approximately $0.87 trillion in 2025.
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Commercial Banking (including commercial real estate loans, commercial business loans, and cash management services): The U.S. commercial banking market is estimated at approximately $732.5 billion in 2025. Specifically for Pennsylvania, the commercial banking market size is $43.2 billion in 2026.
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Residential Real Estate (Mortgage) Loans: The total single-family mortgage origination volume in the U.S. is estimated at $2.0 trillion in 2025, with a projection to reach $2.2 trillion in 2026.
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Wealth Management Services (including investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking): The U.S. private banking market is valued at $59.54 billion in 2025 and is expected to grow to $94.89 billion by 2030. The broader North America wealth management market (assets under management) was $1.25 trillion in 2020 and is projected to grow to $3.43 trillion by 2030.
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Insurance and Investment Products (Annuities): U.S. individual annuity sales reached an estimated $461.3 billion in 2025. The Life Insurance & Annuities industry in New Jersey is projected to be $84.0 billion in 2026.
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Here are the expected drivers of future revenue growth for Provident Financial Services (PFS) over the next 2-3 years:
- Strategic Merger Integration and Synergies: The completion of the merger with Lakeland Bancorp in May 2024 is a significant driver. This merger is expected to create a larger financial institution, enhancing market reach and competitive edge. The integration is anticipated to lead to operational synergies and expanded product offerings, contributing to revenue growth.
- Commercial Loan and Deposit Growth: Provident Financial Services is focused on robust commercial lending, particularly within the middle-market segment (clients with $75 million to $500 million in size). Management plans to invest in revenue-producing hires to drive both loan and deposit growth, with projections for 4% to 6% growth in loans and deposits in 2026.
- Expansion of Fee-Based Businesses: The company emphasizes the increasing contributions from its fee-based businesses, notably Provident Protection Plus (insurance) and Beacon Trust (wealth management). These segments have demonstrated strong organic growth, with Provident Protection Plus showing over 16% organic growth over 12 months, and Beacon Trust's assets under management growing. Strategic initiatives are in place to expand market presence in these areas.
- Digital Transformation and Core System Upgrade: Provident Financial Services is investing in digital platforms to improve customer experience and streamline operations, including enhancing online and mobile banking services. A major core system conversion is planned for Fall 2026 to boost scalability and digital capabilities, which is expected to improve efficiency and attract tech-savvy customers.
- Geographic and Lending Capability Expansion: Beyond the Lakeland merger, the company is actively pursuing initiatives to broaden its market reach and diversify revenue streams. This includes the launch of a new small business lending platform and the expansion of specialty lending capabilities such as Asset Based, Mortgage Warehouse, and Healthcare Lending. The company also aims to explore underserved regions or acquire smaller institutions in adjacent areas.
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Share Repurchases
- On January 26, 2026, Provident Financial Services announced its tenth stock repurchase program, which will commence upon the completion of the existing program that has 814,247 shares remaining.
- The new authorization, combined with the remaining shares from the existing program, allows for the repurchase of up to 2.15% of outstanding shares, or approximately 2.81 million shares.
- The repurchase program does not have an expiration date and allows for various repurchase methods, including open market purchases.
Outbound Investments
- In May 2024, Provident Financial Services successfully merged with Lakeland Bancorp, Inc.
- This merger resulted in an expansion of Provident Financial Services' total assets by $10.59 billion.
- The strategic acquisition aimed to enhance PFS's market reach, competitive edge, customer base, and product offerings.
Capital Expenditures
- For the last 12 months (prior to March 2026), Provident Financial Services reported capital expenditures of -$11.54 million.
- The company plans a core system conversion in 2026 and is investing in expanding its banking and wealth management services, indicating areas of focus for future capital expenditures.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Provident Financial Services Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 | |
| PFS Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 12/16/2025 |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.18 |
| Mkt Cap | 7.4 |
| Rev LTM | 1,946 |
| Op Inc LTM | - |
| FCF LTM | 518 |
| FCF 3Y Avg | 518 |
| CFO LTM | 570 |
| CFO 3Y Avg | 571 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 3.3% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 31.5% |
| CFO/Rev 3Y Avg | 32.1% |
| FCF/Rev LTM | 28.4% |
| FCF/Rev 3Y Avg | 28.9% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA077853 | METFORMIN HYDROCHLORIDE | metformin hydrochloride | tablet | 7282006 | 1.3% | 0.4% | -19.9% | -12.0% | 185.6% |
| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA077853 | METFORMIN HYDROCHLORIDE | metformin hydrochloride | tablet | 7282006 | 1.3% | 0.4% | -19.9% | -12.0% | 185.6% |
Price Behavior
| Market Price | $23.38 | |
| Market Cap ($ Bil) | 3.1 | |
| First Trading Date | 01/16/2003 | |
| Distance from 52W High | -0.6% | |
| 50 Days | 200 Days | |
| DMA Price | $22.33 | $20.48 |
| DMA Trend | up | up |
| Distance from DMA | 4.7% | 14.2% |
| 3M | 1YR | |
| Volatility | 22.0% | 26.9% |
| Downside Capture | 45.10 | 66.15 |
| Upside Capture | 70.43 | 94.86 |
| Correlation (SPY) | 31.5% | 37.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.90 | 0.90 | 0.64 | 0.68 | 0.93 | 1.02 |
| Up Beta | 1.73 | 0.90 | 0.66 | 0.81 | 1.08 | 1.02 |
| Down Beta | 0.95 | 0.18 | 0.25 | 0.58 | 0.87 | 0.93 |
| Up Capture | 26% | 66% | 68% | 74% | 93% | 108% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 22 | 34 | 65 | 125 | 362 |
| Down Capture | 116% | 163% | 77% | 56% | 86% | 102% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 18 | 28 | 55 | 119 | 376 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PFS | |
|---|---|---|---|---|
| PFS | 51.6% | 27.0% | 1.51 | - |
| Sector ETF (XLF) | 8.7% | 14.6% | 0.35 | 59.9% |
| Equity (SPY) | 24.6% | 12.5% | 1.48 | 36.2% |
| Gold (GLD) | 21.8% | 27.6% | 0.70 | 3.9% |
| Commodities (DBC) | 16.7% | 18.8% | 0.69 | -13.5% |
| Real Estate (VNQ) | 12.3% | 13.8% | 0.60 | 37.4% |
| Bitcoin (BTCUSD) | -38.0% | 42.5% | -1.01 | 19.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PFS | |
|---|---|---|---|---|
| PFS | 3.8% | 30.9% | 0.16 | - |
| Sector ETF (XLF) | 9.6% | 18.6% | 0.39 | 63.0% |
| Equity (SPY) | 13.1% | 17.1% | 0.59 | 46.5% |
| Gold (GLD) | 16.8% | 18.3% | 0.74 | 0.9% |
| Commodities (DBC) | 7.3% | 19.4% | 0.28 | 8.6% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.03 | 49.2% |
| Bitcoin (BTCUSD) | 9.7% | 54.1% | 0.38 | 18.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PFS | |
|---|---|---|---|---|
| PFS | 6.5% | 33.7% | 0.27 | - |
| Sector ETF (XLF) | 13.3% | 22.2% | 0.55 | 70.1% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 52.4% |
| Gold (GLD) | 11.9% | 16.1% | 0.61 | -0.8% |
| Commodities (DBC) | 5.9% | 18.0% | 0.25 | 17.2% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 53.5% |
| Bitcoin (BTCUSD) | 57.0% | 66.5% | 0.97 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | 1.2% | 0.9% | 0.1% |
| 1/28/2026 | 0.0% | 4.9% | -4.3% |
| 10/30/2025 | -1.1% | -1.0% | 6.7% |
| 7/24/2025 | 3.8% | -0.7% | 9.0% |
| 4/25/2025 | -2.0% | -1.1% | -0.9% |
| 1/29/2025 | -4.6% | -1.8% | -5.4% |
| 10/30/2024 | -1.8% | 14.5% | 12.2% |
| 7/26/2024 | 2.4% | -4.3% | 4.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 14 |
| # Negative | 12 | 10 | 10 |
| Median Positive | 1.1% | 1.9% | 6.4% |
| Median Negative | -1.9% | -2.8% | -4.5% |
| Max Positive | 5.2% | 14.5% | 20.9% |
| Max Negative | -4.6% | -13.4% | -13.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | 1.2% | 0.9% | 0.1% |
| 1/28/2026 | 0.0% | 4.9% | -4.3% |
| 10/30/2025 | -1.1% | -1.0% | 6.7% |
| 7/24/2025 | 3.8% | -0.7% | 9.0% |
| 4/25/2025 | -2.0% | -1.1% | -0.9% |
| 1/29/2025 | -4.6% | -1.8% | -5.4% |
| 10/30/2024 | -1.8% | 14.5% | 12.2% |
| 7/26/2024 | 2.4% | -4.3% | 4.4% |
| 4/19/2024 | 5.2% | 10.5% | 19.6% |
| 1/26/2024 | 1.1% | -9.2% | -13.9% |
| 10/27/2023 | -1.9% | 5.2% | 6.7% |
| 7/28/2023 | 0.3% | -3.9% | -13.5% |
| 4/28/2023 | -0.1% | -13.4% | -5.0% |
| 1/27/2023 | -0.7% | 4.9% | 2.0% |
| 10/28/2022 | 0.1% | -0.0% | -0.2% |
| 7/29/2022 | 1.6% | 0.7% | 1.0% |
| 4/29/2022 | 0.3% | 1.4% | 5.9% |
| 1/28/2022 | 0.8% | 0.6% | -2.7% |
| 10/29/2021 | -0.3% | 1.2% | -2.1% |
| 7/30/2021 | -0.7% | 0.9% | 3.5% |
| 4/30/2021 | -1.9% | 4.5% | 6.1% |
| 1/29/2021 | -2.7% | 2.5% | 10.5% |
| 10/30/2020 | 4.4% | 1.0% | 20.9% |
| 7/30/2020 | -4.5% | -7.0% | -4.8% |
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 14 |
| # Negative | 12 | 10 | 10 |
| Median Positive | 1.1% | 1.9% | 6.4% |
| Median Negative | -1.9% | -2.8% | -4.5% |
| Max Positive | 5.2% | 14.5% | 20.9% |
| Max Negative | -4.6% | -13.4% | -13.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/09/2019 | 10-Q |
| 03/31/2019 | 05/10/2019 | 10-Q |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 6152026 | 23.41 | 3,528 | 82,590 | 2,475,236 | Form |
| 2 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 5122026 | 22.40 | 2,556 | 57,254 | 2,447,472 | Form |
| 3 | McCracken, Robert E | Direct | Sell | 2262026 | 22.13 | 6,177 | 136,697 | 1,516,303 | Form | |
| 4 | Martin, Christopher P | Executive Chairman | Direct | Sell | 2062026 | 23.45 | 1,050 | 24,622 | 14,070,000 | Form |
| 5 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 11102025 | 18.35 | 8,262 | 151,605 | 1,993,840 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 6152026 | 23.41 | 3,528 | 82,590 | 2,475,236 | Form |
| 2 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 5122026 | 22.40 | 2,556 | 57,254 | 2,447,472 | Form |
| 3 | McCracken, Robert E | Direct | Sell | 2262026 | 22.13 | 6,177 | 136,697 | 1,516,303 | Form | |
| 4 | Martin, Christopher P | Executive Chairman | Direct | Sell | 2062026 | 23.45 | 1,050 | 24,622 | 14,070,000 | Form |
| 5 | Lista, George | Pres/CEO Prov Protection Plus | Direct | Sell | 11102025 | 18.35 | 8,262 | 151,605 | 1,993,840 | Form |
| 6 | Christy, James A | EVP, CRO of Provident Bank | Direct | Sell | 9152025 | 19.90 | 3,000 | 59,700 | 788,697 | Form |
| 7 | Pugliese, John | Direct | Sell | 9122025 | 19.91 | 25,000 | 497,750 | 1,750,228 | Form | |
| 8 | Martin, Christopher P | Executive Chairman | Direct | Sell | 6132025 | 17.07 | 55,668 | 949,974 | 10,256,918 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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