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)
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
8-K
Announces Launch of Subordinated Notes Offering
9 May 24
FWP
Free writing prospectus
9 May 24
424B5
Prospectus supplement for primary offering
9 May 24
8-K
Regulation FD Disclosure
6 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
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
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) | 189.27 mm | 189.27 mm | 189.27 mm | 189.27 mm | 189.27 mm | 189.27 mm |
Cash burn (monthly) | 6.53 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 49.79 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 139.48 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 21.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
0.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 23 |
Opened positions | 2 |
Closed positions | 162 |
Increased positions | 6 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 3.22 bn |
Total shares | 276.40 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
State of Alaska, Department of Revenue | 46.47 k | $837.00 k |
Mirae Asset Global Investments | 31.87 k | $574.54 mm |
Valley National Advisers | 23.69 k | $427.00 k |
Arizona State Retirement System | 20.08 k | $362.06 mm |
New York State Teachers Retirement System | 19.98 k | $360.00 k |
First Hawaiian Bank | 18.75 k | $338.06 mm |
Umb Bank N A | 18.56 k | $334.71 mm |
IFP Advisors | 18.42 k | $332.06 mm |
Hennion & Walsh Asset Management | 15.09 k | $272.00 mm |
Mutual Of America Capital Management | 13.22 k | $238.39 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Mar 24 | Ravi Vakacherla | Common Stock | Grant | Acquire A | No | No | 0 | 4,710 | 0.00 | 9,737 |
4 Mar 24 | Thomas M Lyons | Common Stock | Grant | Acquire A | No | No | 0 | 5,820 | 0.00 | 202,709 |
4 Mar 24 | George Lista | Common Stock | Grant | Acquire A | No | No | 0 | 2,260 | 0.00 | 110,833 |
4 Mar 24 | Labozzetta Anthony J | Common Stock | Grant | Acquire A | No | No | 0 | 16,267 | 0.00 | 504,632 |
3 Mar 24 | Ravi Vakacherla | Common Stock | Payment of exercise | Dispose F | No | No | 14.83 | 336 | 4.98 k | 5,027 |
3 Mar 24 | Thomas M Lyons | Common Stock | Grant | Acquire A | No | No | 0 | 16,501 | 0.00 | 196,889 |
3 Mar 24 | George Lista | Common Stock | Grant | Acquire A | No | No | 0 | 3,331 | 0.00 | 108,573 |
3 Mar 24 | Labozzetta Anthony J | Common Stock | Grant | Acquire A | No | No | 0 | 36,544 | 0.00 | 488,365 |
3 Mar 24 | Christopher P Martin | Common Stock | Grant | Acquire A | No | No | 0 | 42,477 | 0.00 | 620,109 |
News
Earnings Scheduled For April 18, 2024
18 Apr 24
Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors
10 Apr 24
Unveiling 4 Analyst Insights On Provident Finl Servs
9 Apr 24
RBC Capital Maintains Outperform on Provident Finl Servs, Lowers Price Target to $18
9 Apr 24
RBC Capital Maintains Outperform on Provident Finl Servs, Lowers Price Target to $19
26 Mar 24
Press releases
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
Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering
9 May 24
Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
18 Apr 24