Provident Financial Services Inc Income Statement

Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 30.25M35.50M28.90M16.00M5.50M4.65M4.35M5.40M5.60M23.70M13.10M29.72M-24.34M8.40M28.17M87.56M
Revenue 212.47M240.52M248.53M260.95M260.16M280.06M305.10M313.96M333.90M359.35M361.77M385.00M452.83M505.34M479.28M694.73M
Interest income
Interest income - Loans 417.65M556.24M944.30M
Interest income - Investments 32.32M36.12M41.28M45.37M59.98M53.60M72.81M56.01M102.01M109.01M61.21M105.41M
Interest Income - Debt Securities 45.19M43.14M36.16M29.14M25.25M27.72M28.84M27.59M189.90M215.23M223.36M224.93M252.34M304.32M408.94M655.87M
Interest Income - Fed Funds 0.34M0.25M0.12M0.08M0.04M0.05M0.06M0.50M1.27M1.73M2.72M2.40M2.73M2.02M3.43M7.06M
Interest Income - Total 292.56M286.53M275.72M262.26M252.78M279.36M291.78M302.31M323.85M359.83M371.47M363.31M402.34M466.18M615.82M1,046.14M
Interest expenses
Interest Expense - Deposits 74.56M47.70M36.55M25.35M18.03M15.33M14.52M16.95M19.44M30.69M45.49M33.59M26.51M38.70M159.46M349.52M
Interest Expense - Debt 36.99M29.86M23.18M19.57M18.74M25.14M27.38M26.80M26.20M28.50M28.00M16.60M8.60M9.50M56.00M74.90M
Interest Expense - Others 9.31M55.86M73.52M
Interest Expenses 111.54M77.57M59.73M44.92M36.77M40.47M41.90M43.75M45.64M59.15M73.50M50.74M36.32M48.63M216.37M445.52M
Interest Income - Net 181.02M208.97M215.99M217.34M216.01M238.89M249.88M258.57M278.20M300.68M297.97M312.57M366.02M417.55M399.45M600.61M
Non-interest income
Interest Income - Total 150.77M173.47M187.09M201.34M210.51M234.24M245.53M253.17M272.60M276.98M284.87M282.85M390.36M412.55M371.29M513.05M
Financial Services Fees 26.05M27.22M28.08M28.32M23.85M29.97M28.13M24.40M34.11M
Service Charges 24.22M23.68M25.42M30.34M26.03M21.93M26.28M26.05M27.22M
Investment Gain (Loss) 1.40M0.89M0.71M4.50M1.00M0.25M0.65M0.06M0.06M2.22M0.07M0.08M0.26M0.18M0.03M-2.99M
Investment Banking Income 1.92M1.18M1.28M1.96M1.47M1.41M0.88M2.03M1.45M1.34M0.99M1.71M1.85M1.51M2.02M1.76M
Other Non-Interest Income 19.62M29.47M25.05M23.91M14.41M10.87M8.83M19.49M19.22M30.02M22.44M26.90M7.93M5.99M8.58M12.96M
Non-Interest Income 31.45M31.55M32.54M43.61M44.15M41.17M55.22M55.39M55.70M58.68M63.79M72.43M86.81M87.79M79.83M94.11M
Operating Items
Amortization - Intangibles 5.11M3.83M3.03M2.47M1.62M2.76M4.07M3.39M2.67M2.13M2.74M3.42M3.66M3.29M2.95M28.93M
Research & Development 9.32M8.98M9.50M10.32M10.55M13.67M12.70M13.23M13.92M14.66M16.84M20.77M19.75M21.73M22.99M35.58M
Wages, Salaries and Other 68.74M69.86M74.90M79.81M83.00M92.22M99.69M106.14M109.35M111.50M116.85M130.87M143.37M147.20M148.50M218.34M
Rent Expense 20.17M19.78M21.13M20.49M20.56M23.96M26.03M24.85M25.29M25.06M25.89M27.14M32.93M34.57M32.27M45.01M
Restructuring Costs 4.13M7.83M56.87M
Other Operating Expenses 267.54M109.99M111.81M118.02M117.65M132.37M141.86M145.70M148.61M152.01M158.85M179.82M197.37M199.81M212.25M320.09M
Operating Expenses 297.04M138.75M142.45M148.83M148.76M169.99M180.59M183.78M187.82M191.74M201.58M227.73M250.05M260.23M275.34M457.55M
Operating Income -40.19M23.20M27.02M33.64M
EBIT -40.19M23.20M27.02M33.64M142.67M145.89M162.06M168.53M186.12M203.07M220.59M178.29M263.43M288.74M392.14M595.14M
Net income details
EBT -114.82M66.27M77.19M96.12M105.90M105.42M120.16M124.78M140.48M143.92M147.09M127.55M227.12M240.11M175.78M149.62M
Tax Provisions 12.38M20.30M19.84M28.86M35.37M31.79M36.44M36.98M46.53M25.53M34.45M30.60M59.20M64.46M47.38M34.09M
Profit After Tax -121.82M49.70M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M
Income from Continuing Operations -127.20M45.97M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M
Consolidated Net Income -127.20M45.97M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M
Income towards Parent Company -127.20M45.97M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M
Net Income towards Common Stockholders -127.20M45.97M57.34M67.27M70.53M73.63M83.72M87.80M93.95M118.39M112.63M96.95M167.92M175.65M128.40M115.53M
Additional items
EPS (Basic) -2.160.881.011.181.231.221.331.381.461.821.741.392.202.351.721.05
EPS (Weighted Average and Diluted) -2.160.881.011.181.231.221.331.381.451.821.741.392.192.351.711.05
Shares Outstanding (Weighted Average) 60.26M60.35M60.46M60.16M
Tax Rate 30.64%25.71%30.02%33.40%30.15%30.33%29.64%33.12%17.74%23.42%23.99%26.06%26.85%26.95%22.79%