Provident Financial Services's Total Assets for the quarter that ended in Dec. 2023 was $14,210.8 Mil.
Warning Sign:
If a company builds assets at 8.2% a year, faster than its revenue growth rate of 4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Provident Financial Services's average Total Assets Growth Rate was 4.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 3.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.50% per year.
During the past 13 years, Provident Financial Services's highest 3-Year average Total Assets Growth Rate was 31.70%. The lowest was -4.50%. And the median was 5.70%.
Total Assets is connected with ROA %. Provident Financial Services's annualizedROA % for the quarter that ended in Dec. 2023 was 0.77%. Total Assets is also linked to Revenue through Asset Turnover. Provident Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
Provident Financial Services Total Assets Historical Data
The historical data trend for Provident Financial Services's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Provident Financial Services Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Total Assets
9,808.58
12,919.74
13,781.20
13,783.44
14,210.81
Provident Financial Services Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
13,783.44
13,778.91
14,029.60
14,086.83
14,210.81
Provident Financial Services Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Provident Financial Services's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Provident Financial Services (NYSE:PFS) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Provident Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Provident Financial Services Total Assets Related Terms
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Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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