PFS (Provident Financial Services) Credit Losses Provision : $88.5 Mil (As of Mar. 2025)

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What is Provident Financial Services Credit Losses Provision?

Provident Financial Services's credit losses provision for the three months ended in Mar. 2025 was $0.6 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was $88.5 Mil.

Provident Financial Services's quarterly credit losses provision declined from Sep. 2024 ($9.3 Mil) to Dec. 2024 ($8.9 Mil) and declined from Dec. 2024 ($8.9 Mil) to Mar. 2025 ($0.6 Mil).

Provident Financial Services's annual credit losses provision increased from Dec. 2022 ($5.0 Mil) to Dec. 2023 ($28.2 Mil) and increased from Dec. 2023 ($28.2 Mil) to Dec. 2024 ($87.6 Mil).

Provident Financial Services Credit Losses Provision Historical Data

The historical data trend for Provident Financial Services's Credit Losses Provision 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 Credit Losses Provision Chart

Provident Financial Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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31.53

-22.82

5.00

28.17

87.56

Provident Financial Services Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															-0.32	69.71	9.30	8.88	0.64

Provident Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $88.5 Mil.

Provident Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Provident Financial Services Inc (NYSE:PFS) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

PQ3:Germany

Address

239 Washington Street, Jersey, NJ, USA, 07302

Website

https://www.provident.bank

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The Company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes. 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.

Executives

George Lista	officer: President/CEO SB One Insurance	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy	officer: SVP, CRO of Provident Bank, other: General Auditor	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Christopher P Martin	officer: President
Edward J Leppert	director	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Frank L Fekete	director
Walter Sierotko	officer: EVP/CLO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola	officer: EVP & Chief Retail Banking Ofc	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta	director, officer: President and COO	SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
James P Dunigan	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Bennett Macdougall	officer: EVP, General Counsel, Sec	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Adriano M. Duarte	officer: EVP & CAO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney	director	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Ravi Vakacherla	officer: Chief Digital & Innovation Off	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray	officer: SVP & Chief Wealth Mgmt Ofc	239 WASHINGTON STREET, JERSEY CITY NJ 07302