Provident Financial Services (FRA:PQ3) Scaled Net Operating Assets : 0.09 (As of Dec. 2024)

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What is Provident Financial Services Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Provident Financial Services's operating assets for the quarter that ended in Dec. 2024 was €20,128.5 Mil. Provident Financial Services's operating liabilities for the quarter that ended in Dec. 2024 was €18,280.4 Mil. Provident Financial Services's Total Assets for the quarter that ended in Sep. 2024 was €21,662.3 Mil. Therefore, Provident Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.09.

Provident Financial Services Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Provident Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(22772.821	-	18280.418)	/	13031.313
=	0.34

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	22969.493	-	196.672
=	22772.821

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	20485.34	-	2204.922	-	0
=	18280.418

Provident Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(20128.507	-	18280.418)	/	21662.306
=	0.09

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	22969.493	-	2840.986
=	20128.507

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	20485.34	-	2204.922	-	0
=	18280.418

* 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 Business Description

Industry

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Traded in Other Exchanges

PFS:USA

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.