established in 1839, provident bank has a strong history of service and stability. as we expanded, our capabilities grew to rival larger regional and national banks. however, our advantage over those larger banks is that we have also maintained our commitment to providing personal service. we serve individual and commercial customers with a wide scope of products and services. from personal checking to commercial loans, each account comes with individual attention from a provident banker. provident bank is the wholly owned subsidiary of provident financial services, inc. (nyse:pfs) and serves its customers through an extensive network of more than 80 branches throughout new jersey and pennsylvania and telephone and online banking systems. member fdic
Company profile
Ticker
PFS
Exchange
CEO
Christopher Martin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
421547151
PFS stock data
Latest filings (excl ownership)
8-K
Provident Financial Services, Inc. Reports Second Quarter 2024 Results Inclusive of Merger-Related Costs and Declares Quarterly Cash Dividend
26 Jul 24
8-K
Q2 2024 Results Presentation
26 Jul 24
S-8
Registration of securities for employees
31 May 24
8-K
Departure of Directors or Certain Officers
29 May 24
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 24
8-K
Combines the Best of Two Highly Regarded Banks to Create the Premier
16 May 24
8-K
Announces Completion of Subordinated Notes Offering
13 May 24
8-K
Announces Pricing and Upsizing of Subordinated Notes Offering
10 May 24
424B5
Prospectus supplement for primary offering
10 May 24
FWP
Free writing prospectus
9 May 24
Transcripts
PFS
Earnings call transcript
2024 Q1
19 Apr 24
PFS
Earnings call transcript
2023 Q4
26 Jan 24
PFS
Earnings call transcript
2023 Q3
27 Oct 23
PFS
Earnings call transcript
2023 Q2
28 Jul 23
PFS
Earnings call transcript
2023 Q2
28 Jul 23
PFS
Earnings call transcript
2023 Q1
28 Apr 23
PFS
Earnings call transcript
2022 Q4
27 Jan 23
PFS
Earnings call transcript
2022 Q3
28 Oct 22
PFS
Earnings call transcript
2022 Q2
29 Jul 22
PFS
Earnings call transcript
2022 Q1
29 Apr 22
Latest ownership filings
11-K
Annual report of employee stock purchases
28 Jun 24
4
John Pugliese
6 Jun 24
4
Nadine Duchemin-Leslie
30 May 24
4
FRANK L FEKETE
30 May 24
4
Ursuline F Foley
30 May 24
4
Brian Flynn
30 May 24
4
James P Dunigan
30 May 24
4
Brian Gragnolati
30 May 24
4
James E. Hanson II
30 May 24
4
EDWARD J LEPPERT
30 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 158.35 mm | 158.35 mm | 158.35 mm | 158.35 mm | 158.35 mm | 158.35 mm |
Cash burn (monthly) | 7.30 mm | 6.29 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 28.23 mm | 24.33 mm | n/a | n/a | n/a | n/a |
Cash remaining | 130.12 mm | 134.03 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.8 | 21.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
39.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 194 |
Opened positions | 176 |
Closed positions | 5 |
Increased positions | 5 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 737.64 bn |
Total shares | 51.89 mm |
Total puts | 1.90 k |
Total calls | 24.20 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 11.27 mm | $164.17 bn |
Vanguard | 8.59 mm | $125.16 bn |
Dimensional Fund Advisors | 5.14 mm | $74.85 bn |
STT State Street | 4.44 mm | $64.68 bn |
American Century Companies | 2.32 mm | $33.87 bn |
Geode Capital Management | 1.65 mm | $24.08 bn |
Millennium Management | 1.63 mm | $23.74 bn |
BK Bank Of New York Mellon | 1.03 mm | $15.00 bn |
MS Morgan Stanley | 913.44 k | $13.31 bn |
NTRS Northern Trust | 745.38 k | $10.86 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jun 24 | Pugliese John | Common Stock | Gift | Dispose G | No | No | 0 | 1,000 | 0.00 | 107,515 |
28 May 24 | Thomas Shara | Common Stock | Grant | Acquire A | No | No | 0 | 32,020 | 0.00 | 539,717 |
28 May 24 | Mccracken Robert E | Common Stock | Grant | Acquire A | No | No | 0 | 6,177 | 0.00 | 69,303 |
28 May 24 | Pugliese John | Common Stock | Grant | Acquire A | No | No | 0 | 6,177 | 0.00 | 108,515 |
28 May 24 | Harding Matthew K. | Common Stock | Grant | Acquire A | No | No | 0 | 6,177 | 0.00 | 64,219 |
Press releases
Provident Financial Services, Inc. Reports Second Quarter 2024 Results Inclusive of Merger-Related Costs and Declares Quarterly Cash Dividend
25 Jul 24
Provident Strengthens Healthcare Lending Team with the Addition of Vik Venkataraman as Senior Relationship Manager
11 Jul 24
Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc.
16 May 24
Provident Financial Services, Inc. Announces Completion of Subordinated Notes Offering and Expected Merger Closing Date for the Lakeland Bancorp, Inc. Merger
13 May 24
Provident Financial Services, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering
9 May 24