Provident Financial Services (PFS) Rent Expense (2009 - 2026)
Provident Financial Services (PFS) reported Rent Expense of $15.0 million for Q1 2026, up 7.6% on a YoY basis from $13.9 million in Q1 2025, and up 14.58% quarter-over-quarter from $13.1 million in Q4 2025.
Provident Financial Services (PFS) Rent Expense (2009 - 2026) Analysis & Trends
Provident Financial Services has reported Rent Expense for 18 years, with the latest figure at $15.0 million in Q1 2026.
- For the quarter ending Q1 2026, Rent Expense rose 7.6% year-over-year to $15.0 million; the trailing twelve-month figure through Mar 2026 stood at $53.8 million (up 6.79% YoY), and the FY2025 full-year result was $52.8 million, up 17.27% from the prior year.
- Rent Expense for Q1 2026 stood at $15.0 million, up from $13.1 million in the prior quarter.
- The five-year high for Rent Expense was $15.0 million in Q1 2026, with the low at $7.8 million in Q4 2023.
- Historically, Rent Expense has averaged $10.6 million across 5 years, with a median of $9.3 million in 2022.
- Annual changes were most pronounced in 2023 — Rent Expense declined 9.86% — and 2025, when it surged 63.46%.
- Provident Financial Services' Rent Expense 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 634,000.00 |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 1.45 Mn |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Provident Financial Services | 3.07 Bn | 2.83 Bn | - | 14.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 7.80 Mn |
| Dec 31, 2023 | 7.80 Mn |