Provident Financial Services (PFS) Rent Expense (2009 - 2026)
Provident Financial Services' (PFS) quarterly Rent Expense came in at $15.0 million in Q1 2026, up 7.6% YoY from $13.9 million in Q1 2025, and up 14.58% on a QoQ basis from $13.1 million in Q4 2025.
Provident Financial Services (PFS) Rent Expense (2009 - 2026) Analysis & Trends
Provident Financial Services (PFS) has 18 years of Rent Expense data on file, last reported at $15.0 million in Q1 2026.
- Quarterly Rent Expense rose 7.6% year-over-year to $15.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $53.8 million (up 6.79% YoY) and the FY2025 annual result came in at $52.8 million, up 17.27% from the prior year.
- Rent Expense climbed to $15.0 million in Q1 2026, from $13.1 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $15.0 million in Q1 2026 to a low of $7.8 million in Q4 2023.
- A 5-year average of $10.6 million and a median of $9.3 million in 2022 frame the typical range for Rent Expense.
- Annual changes were most pronounced in 2023 — Rent Expense declined 9.86% — and 2025, when it surged 63.46%.
- Tracing PFS's Rent Expense over 5 years: stood at $8.3 million in 2022, then fell by 6.11% to $7.8 million in 2023, then jumped by 61.11% to $12.6 million in 2024, then increased by 4.11% to $13.1 million in 2025, then rose by 14.58% to $15.0 million in 2026.
- The last three Rent Expense figures came in at $15.0 million (Q1 2026), $13.1 million (Q4 2025), and $12.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 154.00 Mn |
| 10 | Provident Financial Services | 3.09 Bn | 2.84 Bn | - | 12.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.46 Mn |
| Jun 30, 2026 | 12.46 Mn |
| Mar 31, 2026 | 14.99 Mn |
| Mar 31, 2026 | 14.99 Mn |
| Dec 31, 2025 | 13.08 Mn |
| Dec 31, 2025 | 13.08 Mn |
| Sep 30, 2025 | 12.77 Mn |
| Sep 30, 2025 | 12.77 Mn |
| Jun 30, 2025 | 13.01 Mn |
| Jun 30, 2025 | 13.01 Mn |
| Mar 31, 2025 | 13.93 Mn |
| Mar 31, 2025 | 13.93 Mn |
| Dec 31, 2024 | 12.56 Mn |
| Dec 31, 2024 | 12.56 Mn |
| Sep 30, 2024 | 12.79 Mn |
| Sep 30, 2024 | 12.79 Mn |
| Jun 30, 2024 | 11.14 Mn |
| Jun 30, 2024 | 11.14 Mn |
| Mar 31, 2024 | 8.52 Mn |
| Mar 31, 2024 | 8.52 Mn |