Provident Financial Services
PFSNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $23.15 Prior regular-session close from the quote source.
- $22.94–$23.12 Regular-session low and high so far today.
- 571.2K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Jan 27 projected Projected for 2027-01-27 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $17.71–$25.49 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own PFS if that engine proves durable and returns exceed the modest growth the market already prices.
PFS price history
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Investment thesis
What must happen next
Continuing increases in total assets (via organic loan growth and selective acquisitions) will keep driving top-line revenue because Provident converts new assets into net interest and noninterest income.StrengtheningMateriality: High
assets rose from 14,210,810,000 (2023) to 24,051,825,000 (2024) to 24,980,710,000 (2025). If asset growth is durable, revenue and earnings can compound; if it stops or reverses, the growth story collapses and multiples should compress.
Watch: large deposit outflows or weaker deposit gathering vs competitors (deposit funding pressure).
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
assets rose from 14,210,810,000 (2023) to 24,051,825,000 (2024) to 24,980,710,000 (2025).
Open source ↗The business is converting reported earnings into operating cash (improving cash conversion), implying earnings quality rather than accounting one‑offs drove the 2025 profit increase.HoldingMateriality: High
operating_cash_flow rose from 173,396,000 (2023) to 426,381,000 (2024) to 442,264,000 (2025). High-quality earnings that produce cash support dividends, buybacks, and de‑risking; if cash conversion reverses it signals weaker underlying profitability or rising credit losses.
Watch: material increases in loan loss provisions or charge-offs that would reduce future cash flow.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow rose from 173,396,000 (2023) to 426,381,000 (2024) to 442,264,000 (2025).
Open source ↗Provident’s rising book equity provides capital capacity to support further asset growth without immediate equity dilution, enabling internal funding of growth if returns exceed the bank’s cost of capital.HoldingMateriality: Medium
stockholders' equity increased from 1,690,596,000 (2023) to 2,601,207,000 (2024) to 2,833,212,000 (2025). If equity supports growth, the company can compound book value and avoid shareholder dilution; if equity is eroded by losses or regulatory demands, growth will require dilution or asset sales.
Watch: a material increase in credit losses that reduces retained earnings and regulatory capital.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
stockholders' equity increased from 1,690,596,000 (2023) to 2,601,207,000 (2024) to 2,833,212,000 (2025).
Open source ↗
Full investment case & evidence
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Original research
Continuing increases in total assets (via organic loan growth and selective acquisitions) will keep driving top-line revenue because Provident converts new assets into net interest and noninterest income. If asset growth is durable, revenue and earnings can compound; if it stops or reverses, the growth story collapses and multiples should compress.
The business is converting reported earnings into operating cash (improving cash conversion), implying earnings quality rather than accounting one‑offs drove the 2025 profit increase. High-quality earnings that produce cash support dividends, buybacks, and de‑risking; if cash conversion reverses it signals weaker underlying profitability or rising credit losses.
Provident’s rising book equity provides capital capacity to support further asset growth without immediate equity dilution, enabling internal funding of growth if returns exceed the bank’s cost of capital. If equity supports growth, the company can compound book value and avoid shareholder dilution; if equity is eroded by losses or regulatory demands, growth will require dilution or asset sales.
All standing thesis claims
Original report summary
that engine proves durable and returns exceed the modest growth the market already prices.
Bull case and bear case
Bull case and bear case for Provident Financial Services
Where the evidence on Provident Financial Services stands: Holding on the latest evidence (Nov 8, 2026). Of its 3 thesis points, 1 strengthening and 2 holding.
Bull case: what the evidence supports
Continuing increases in total assets (via organic loan growth and selective acquisitions) will keep driving top-line revenue because Provident converts new assets into net interest and noninterest income.
The business is converting reported earnings into operating cash (improving cash conversion), implying earnings quality rather than accounting one‑offs drove the 2025 profit increase.
Provident’s rising book equity provides capital capacity to support further asset growth without immediate equity dilution, enabling internal funding of growth if returns exceed the bank’s cost of capital.
Bear case: what would count against it
large deposit outflows or weaker deposit gathering vs competitors (deposit funding pressure).
material increases in loan loss provisions or charge-offs that would reduce future cash flow.
a material increase in credit losses that reduces retained earnings and regulatory capital.
Thesis-Break Engine
Thesis-break watch · Provident Financial Services
No break has crossed Provident Financial Services’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedRegulation FD disclosure.
Provident Financial Services filed an SEC 8-K on 2026-10-30: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Provident Financial Services filed an SEC 8-K on 2026-10-29: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedRegulation FD disclosure.
Provident Financial Services filed an SEC 8-K on 2026-10-29: Regulation FD disclosure. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- large deposit outflows or weaker deposit gathering vs competitors (deposit funding pressure).
- material increases in loan loss provisions or charge-offs that would reduce future cash flow.
- a material increase in credit losses that reduces retained earnings and regulatory capital.
PFS news
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Financial statements
PFS income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
PFS: quick answers
- When does Provident Financial Services (PFS) report earnings next?
- Provident Financial Services's next results are projected for January 27, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 29, 2026. Earnings calendar
- What is PFS's short interest?
- As of October 30, 2026, 5.9M PFS shares were sold short, 4.52% of its shares outstanding, down 3.0% from the count before. At the stock's average daily volume that is 7.8 days to cover. FINRA publishes the count twice a month. PFS short interest history
- Have members of Congress traded PFS?
- 32 trades in PFS have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed PFS trade