PFS PROVIDENT FINANCIAL SERVICES INC
FY2025 10-K
PROVIDENT FINANCIAL SERVICES INC (PFS) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Merger with Lakeland Bancorp added $10.59B assets, $7.91B loans, $8.62B deposits, and 68 branches, total consideration $876.8M including $180.4M goodwill
- • Emphasis on commercial real estate loans: 38.3% of portfolio, with largest commercial mortgage loan $70.7M secured by 29 properties in 16 states
Management Discussion & Analysis
- • Revenue: Net interest income $760.6M in 2025, up $160.0M YoY from $600.6M in 2024
- • Profitability: Net interest margin 3.39% in 2025 vs 3.26% in 2024; net interest rate spread 2.77% vs 2.63%
Risk Factors
- • DOJ Consent Order requiring $12M loan subsidy fund investment and two branches in majority-Black and Hispanic Newark area, impacting costs and management focus
- • Exposure to New York CRE office loans of $775.5M (~15% of CRE portfolio), sensitive to real estate market conditions and potential losses
Financial SummaryXBRL
Revenue
$73M
Net Income
$291M
Net Margin
398.3%
ROE
10.3%
Total Assets
$25.0B
EPS (Diluted)
$2.23
Operating Cash Flow
$442M
Source: XBRL data from PROVIDENT FINANCIAL SERVICES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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