Headquartered in Jersey City, NJ Fiscal year ends December NYSE: PFS provident.bank
Provident Financial Services, Inc. (NYSE: PFS) is the holding company for Provident Bank, a community-oriented bank founded in 1839. It had roughly $25.8 billion in assets as of September 30, 2026. The bank operates branches throughout New Jersey; Bucks, Lehigh and Northampton counties in Pennsylvania; and Orange, Queens and Nassau counties in New York. It expanded its footprint through its merger with Lakeland Bancorp, Inc.
Revenue comes primarily from net interest income. The loan portfolio of about $20.2 billion is heavily weighted toward commercial lending, at 87.5% of total loans, including:
- commercial mortgage
- multi-family
- construction
- commercial and industrial loans
- mortgage warehouse lines
The bank also offers residential mortgage and consumer loans. These are funded by a deposit base of about $19.8 billion spanning non-interest bearing, savings, money market, NOW and certificate of deposit accounts.
Fee-based revenue comes from:
- deposit and loan fees
- wealth management and fiduciary services through its subsidiary Beacon Trust Company
- insurance agency services through Provident Protection Plus, Inc.
- bank-owned life insurance
- SBA loan sales Updated
Record net interest income of $208.0 million beat expectations on both lines, with a $3.03 billion loan pipeline priced near 6.50% still to come. The offset: non-performing loans climbed to $140.1 million.
Earned income has a ceiling. But passive income from dividends operates differently: Once established, cash flows in regardless of effort, and the only limit on it is how much you invest in…
Provident Financial Services, Inc. (NYSE: PFS) is the holding company for Provident Bank, a community-oriented bank founded in 1839. It had roughly $25.8 billion in assets as of September 30, 2026.
The Wall Street consensus 12-month price target for PFS is $27.83.
