Provident Financial Services Inc
Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio compr… Read more
Provident Financial Services Inc (PFS) - Net Assets
Latest net assets as of December 2025: $2.83 Billion USD
Based on the latest financial reports, Provident Financial Services Inc (PFS) has net assets worth $2.83 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.98 Billion) and total liabilities ($22.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.83 Billion |
| % of Total Assets | 11.34% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | -78.45% |
| 10-Year Change | 126.33% |
| Growth Volatility | 109.91 |
Provident Financial Services Inc - Net Assets Trend (2000–2025)
This chart illustrates how Provident Financial Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Provident Financial Services Inc (2000–2025)
The table below shows the annual net assets of Provident Financial Services Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.83 Billion | +8.92% |
| 2024-12-31 | $2.60 Billion | +53.86% |
| 2023-12-31 | $1.69 Billion | +5.81% |
| 2022-12-31 | $1.60 Billion | -87.84% |
| 2021-12-31 | $13.14 Billion | +12.16% |
| 2020-12-31 | $11.72 Billion | +34.95% |
| 2019-12-31 | $8.68 Billion | +538.97% |
| 2018-12-31 | $1.36 Billion | +4.64% |
| 2017-12-31 | $1.30 Billion | +3.75% |
| 2016-12-31 | $1.25 Billion | +4.66% |
| 2015-12-31 | $1.20 Billion | +4.54% |
| 2014-12-31 | $1.14 Billion | +13.19% |
| 2013-12-31 | $1.01 Billion | +3.01% |
| 2012-12-31 | $981.25 Million | +3.02% |
| 2011-12-31 | $952.48 Million | +3.34% |
| 2010-12-31 | $921.69 Million | +4.20% |
| 2009-12-31 | $884.55 Million | -13.16% |
| 2008-12-31 | $1.02 Billion | +1.78% |
| 2007-12-31 | $1.00 Billion | -1.80% |
| 2006-12-31 | $1.02 Billion | -5.31% |
| 2005-12-31 | $1.08 Billion | -5.32% |
| 2004-12-31 | $1.14 Billion | +39.12% |
| 2003-12-31 | $817.12 Million | +150.64% |
| 2002-12-31 | $326.01 Million | +11.60% |
| 2001-12-31 | $292.13 Million | +11.05% |
| 2000-12-31 | $263.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Provident Financial Services Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 338.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.15 Billion | 40.74% |
| Common Stock | $1.38 Million | 0.05% |
| Other Comprehensive Income | $-76.18 Million | -2.69% |
| Other Components | $1.75 Billion | 61.90% |
| Total Equity | $2.83 Billion | 100.00% |
Provident Financial Services Inc Competitors by Market Cap
The table below lists competitors of Provident Financial Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Curbline Properties Corp.
NYSE:CURB
|
$2.57 Billion |
|
Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A
NYSE:FOUR-PA
|
$2.57 Billion |
|
Fortress Transportation and Preferred Series B
NASDAQ:FTAIO
|
$2.58 Billion |
|
Metaplanet Inc.
PINK:MTPLF
|
$2.58 Billion |
|
ASR Microelectronics Co. Ltd. A
SHG:688220
|
$2.57 Billion |
|
Hainan Mining Co Ltd
SHG:601969
|
$2.57 Billion |
|
YUNDA Holding Co Ltd
SHE:002120
|
$2.57 Billion |
|
Graham Holdings Co
NYSE:GHC
|
$2.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Provident Financial Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,601,207,000 to 2,833,212,000, a change of 232,005,000 (8.9%).
- Net income of 291,160,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 59,172,000.
- Other factors decreased equity by 118,327,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $291.16 Million | +10.28% |
| Other Comprehensive Income | $59.17 Million | +2.09% |
| Other Changes | $-118.33 Million | -4.18% |
| Total Change | $- | 8.92% |
Book Value vs Market Value Analysis
This analysis compares Provident Financial Services Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.28x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $4.75 | $20.34 | x |
| 2002-12-31 | $5.30 | $20.34 | x |
| 2003-12-31 | $14.10 | $20.34 | x |
| 2004-12-31 | $18.36 | $20.34 | x |
| 2005-12-31 | $16.10 | $20.34 | x |
| 2006-12-31 | $16.52 | $20.34 | x |
| 2007-12-31 | $16.94 | $20.34 | x |
| 2008-12-31 | $18.18 | $20.34 | x |
| 2009-12-31 | $15.72 | $20.34 | x |
| 2010-12-31 | $16.29 | $20.34 | x |
| 2011-12-31 | $16.75 | $20.34 | x |
| 2012-12-31 | $17.15 | $20.34 | x |
| 2013-12-31 | $17.62 | $20.34 | x |
| 2014-12-31 | $18.89 | $20.34 | x |
| 2015-12-31 | $18.95 | $20.34 | x |
| 2016-12-31 | $19.60 | $20.34 | x |
| 2017-12-31 | $20.11 | $20.34 | x |
| 2018-12-31 | $20.87 | $20.34 | x |
| 2019-12-31 | $21.84 | $20.34 | x |
| 2020-12-31 | $23.26 | $20.34 | x |
| 2021-12-31 | $22.17 | $20.34 | x |
| 2022-12-31 | $21.36 | $20.34 | x |
| 2023-12-31 | $22.58 | $20.34 | x |
| 2024-12-31 | $23.71 | $20.34 | x |
| 2025-12-31 | $21.71 | $20.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Provident Financial Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.28%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.06%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.82x
- Recent ROE (10.28%) is above the historical average (5.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.94% | 10.62% | 0.07x | 10.04x | $-5.41 Million |
| 2001 | 8.24% | 22.37% | 0.04x | 9.82x | $-5.13 Million |
| 2002 | 8.15% | 13.19% | 0.05x | 12.02x | $-6.02 Million |
| 2003 | 2.29% | 9.00% | 0.05x | 5.24x | $-62.97 Million |
| 2004 | 4.34% | 19.06% | 0.04x | 5.66x | $-64.38 Million |
| 2005 | 5.44% | 19.14% | 0.05x | 5.62x | $-49.13 Million |
| 2006 | 5.27% | 17.09% | 0.05x | 5.64x | $-48.23 Million |
| 2007 | 3.74% | 11.02% | 0.05x | 6.35x | $-62.70 Million |
| 2008 | 4.09% | 12.40% | 0.05x | 6.43x | $-60.22 Million |
| 2009 | -13.77% | -37.36% | 0.05x | 7.73x | $-210.28 Million |
| 2010 | 5.39% | 15.63% | 0.05x | 7.40x | $-42.46 Million |
| 2011 | 6.02% | 18.60% | 0.04x | 7.45x | $-37.90 Million |
| 2012 | 6.86% | 21.99% | 0.04x | 7.42x | $-30.86 Million |
| 2013 | 6.98% | 23.75% | 0.04x | 7.41x | $-30.54 Million |
| 2014 | 6.44% | 22.97% | 0.04x | 7.45x | $-40.78 Million |
| 2015 | 7.00% | 24.13% | 0.04x | 7.45x | $-35.88 Million |
| 2016 | 7.01% | 24.55% | 0.04x | 7.59x | $-37.38 Million |
| 2017 | 7.23% | 24.75% | 0.04x | 7.58x | $-35.92 Million |
| 2018 | 8.71% | 28.29% | 0.04x | 7.16x | $-17.51 Million |
| 2019 | 7.97% | 25.88% | 0.04x | 6.94x | $-28.75 Million |
| 2020 | 5.99% | 22.25% | 0.03x | 7.98x | $-65.03 Million |
| 2021 | 9.89% | 34.33% | 0.04x | 8.12x | $-1.79 Million |
| 2022 | 10.99% | 31.71% | 0.04x | 8.63x | $15.88 Million |
| 2023 | 7.59% | 18.46% | 0.05x | 8.41x | $-40.66 Million |
| 2024 | 4.44% | 10.13% | 0.05x | 9.25x | $-144.60 Million |
| 2025 | 10.28% | 21.06% | 0.06x | 8.82x | $7.84 Million |
Industry Comparison
This section compares Provident Financial Services Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Provident Financial Services Inc (PFS) | $2.83 Billion | 7.94% | 7.82x | $2.57 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |