# PROVIDENT FINANCIAL SERVICES INC

Summary updated: 2026-10-02T11:44:57.889588Z
Canonical: https://finbar.com/research/companies/provident-financial-services-inc

## Overview

Provident Financial Services, Inc. is a U.S. bank holding company whose principal subsidiary, Provident Bank, provides regional banking and financial services. Its offerings include consumer and business deposits, lending, cash-management and payment services, and wealth, insurance and digital-banking services. The bank traces its roots to 1839; the holding company became its parent in 2003. [1](https://app.finbar.com/go?id=P15430023)[2](https://app.finbar.com/go?id=P112639224)[3](https://investorrelations.provident.bank/corporate-profile/default.aspx)

The company is concentrated in New Jersey, eastern Pennsylvania and parts of New York, with 141 full-service offices reported at year-end 2025. [4](https://app.finbar.com/go?id=P35237877) Its public-facing promise is “Commitment You Can Count On,” and its stated focus includes serving individuals, families and businesses and supporting communities. [5](https://www.provident.bank/about-us) Provident reported $25.66 billion in assets at June 30, 2026; for FY2025, net interest income and non-interest income together were approximately $870 million. [6](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Reports-Second-Quarter-Earnings/default.aspx)[7](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Announces-Fourth-Quarter-and-Full-Year-Earnings-and-Annual-Meeting-Date/default.aspx)
[1](https://app.finbar.com/go?id=P15430023)[2](https://app.finbar.com/go?id=P112639224)[3](https://investorrelations.provident.bank/corporate-profile/default.aspx)[4](https://app.finbar.com/go?id=P35237877)[5](https://www.provident.bank/about-us)[6](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Reports-Second-Quarter-Earnings/default.aspx)[7](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Announces-Fourth-Quarter-and-Full-Year-Earnings-and-Annual-Meeting-Date/default.aspx)[3](https://investorrelations.provident.bank/corporate-profile/default.aspx)[5](https://www.provident.bank/about-us)[6](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Reports-Second-Quarter-Earnings/default.aspx)[7](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Announces-Fourth-Quarter-and-Full-Year-Earnings-and-Annual-Meeting-Date/default.aspx)

## Products & services

Provident Financial Services offers commercial and business lending, including equipment loans, working-capital lines of credit, letters of credit, owner-occupied real estate loans and asset-based lending. Its asset-based facilities are secured by eligible receivables, inventory or fixed assets, with borrowing capacity tied to collateral values. [8](https://app.finbar.com/go?id=P116081654)[9](https://app.finbar.com/go?id=P12834734) Multi-family real estate loans generally cover properties with five or more units; stated terms include loan-to-value ratios up to 80%, minimum debt-service coverage of 1.15x and amortization periods up to 30 years. Residential mortgage products include fixed-rate terms of 10–30 years, biweekly-payment and jumbo loans, and adjustable-rate mortgages with initial fixed periods of five, seven or 10 years. The company also offers fixed-rate home equity loans and floating-rate home equity lines of credit. [10](https://app.finbar.com/go?id=P39047247)[11](https://app.finbar.com/go?id=P112972744)[12](https://app.finbar.com/go?id=P70902779)

Deposit products include savings, checking, interest-bearing checking, money-market accounts and certificates of deposit, alongside investment, insurance and IRA products. Business services include cash management, remote deposit capture, payroll origination, escrow-account management and business credit cards; customers can also access online and mobile banking. [2](https://app.finbar.com/go?id=P112639224) Through Beacon Trust and Beacon Investment Advisory Services, the company provides investment management, trust and estate administration, financial planning, and tax compliance and planning. Its insurance agency, Provident Protection Plus, offers property-and-casualty and life-and-health coverage through about 20 carriers. [13](https://app.finbar.com/go?id=P28994549)[14](https://app.finbar.com/go?id=P38430937)[15](https://app.finbar.com/go?id=P97584668)

In 2025, commercial loans represented 26.9% of total loans, multi-family loans 19.0%, and consumer loans 3.2%; home equity loans and lines of credit made up 99.2% of consumer loans. Asset-management fees accounted for 87.3% of total wealth-management income. [8](https://app.finbar.com/go?id=P116081654)[10](https://app.finbar.com/go?id=P39047247)[16](https://app.finbar.com/go?id=P94948126)[17](https://app.finbar.com/go?id=P93569587)
[8](https://app.finbar.com/go?id=P116081654)[9](https://app.finbar.com/go?id=P12834734)[10](https://app.finbar.com/go?id=P39047247)[11](https://app.finbar.com/go?id=P112972744)[12](https://app.finbar.com/go?id=P70902779)[2](https://app.finbar.com/go?id=P112639224)[13](https://app.finbar.com/go?id=P28994549)[14](https://app.finbar.com/go?id=P38430937)[15](https://app.finbar.com/go?id=P97584668)[16](https://app.finbar.com/go?id=P94948126)[17](https://app.finbar.com/go?id=P93569587)

## Geographic presence

Provident Financial Services’ lending is concentrated around its offices in New Jersey, eastern Pennsylvania, and Queens, Nassau, and Orange counties in New York. [18](https://app.finbar.com/go?id=P154780745) At June 30, 2026, New Jersey accounted for 60.3% of its commercial real estate, multifamily, and construction loans; New York, 16.3%; Pennsylvania, 12.2%; and other states, 11.1%. These figures cover those loan categories, not the full loan portfolio. [19](https://app.finbar.com/go?id=P154780757)

The company reports a single business segment and does not provide state-level revenue, deposits, or employee distribution in the cited filing. [20](https://app.finbar.com/go?id=P154780699)
[18](https://app.finbar.com/go?id=P154780745)[19](https://app.finbar.com/go?id=P154780757)[20](https://app.finbar.com/go?id=P154780699)

## Business segments

Provident Financial Services reports one business segment: its consolidated banking business. The company’s chief operating decision maker evaluates performance and allocates resources on a company-wide basis, rather than treating individual business lines as separate reportable segments. The single reported segment therefore represents 100% of reported segment operations; the company does not disclose separate segment contribution percentages. This structure is affirmed in its 2025 Form 10-K and Q2 2026 Form 10-Q. [21](https://app.finbar.com/go?id=P18454245)[20](https://app.finbar.com/go?id=P154780699)

The segment encompasses community banking for individuals, families, and businesses, including deposit-taking and commercial real estate, commercial business, residential mortgage, and consumer lending. Subsidiaries also provide fiduciary and wealth management and insurance brokerage services; these activities are not reported as separate segments. [22](https://app.finbar.com/go?id=P110037441)
[21](https://app.finbar.com/go?id=P18454245)[20](https://app.finbar.com/go?id=P154780699)[22](https://app.finbar.com/go?id=P110037441)[23](https://investorrelations.provident.bank/sec-filings/documents/default.aspx)[24](https://www.provident.bank/commercial-banking)[25](https://www.provident.bank/business-planning)

## Company history

Provident’s banking roots date to February 27, 1839, when the Provident Institution for Savings in Jersey City was established by an act of the New Jersey Legislature. Provident Financial Services became the holding company for Provident Bank on January 15, 2003, when the bank converted to a New Jersey-chartered stock savings bank. [26](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/175-Years-Old-and-Still-Buzzing-The-Provident-Bank-Celebrates-Milestone-Anniversary-in-February/default.aspx)[1](https://app.finbar.com/go?id=P15430023)

The company expanded through a series of acquisitions, including First Savings Bank in 2004, First Morris Bank & Trust in 2007, Beacon Trust Company and Beacon Global Asset Management in 2011, and Team Capital Bank in 2014. [27](https://investorrelations.provident.bank/news-events/press-releases/press-release/2003/Provident-Financial-Services-Inc.-and-First-Sentinel-Bancorp-Inc.-To-Merge-in-Accretive-642-Million-Stock-and-Cash-Transaction-Creating-New-Jerseys-8th-Largest-Bank-12-22-2003/default.aspx)[28](https://investorrelations.provident.bank/news-events/press-releases/press-release/2007/Provident-Financial-Services-Inc.-Completes-Acquisition-of-First-Morris-Bank--Trust/default.aspx)[29](https://investorrelations.provident.bank/news-events/press-releases/press-release/2011/The-Provident-Bank-Completes-Acquisition-of-Beacon-Trust-Company-and-Beacon-Global-Asset-Management-Inc/default.aspx)[30](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/Provident-Financial-Services-Inc.-Completes-Acquisition-of-Team-Capital-Bank/default.aspx) It later completed its merger with SB One Bancorp in 2020 and Lakeland Bancorp in 2024, bringing the Lakeland Bank business into Provident Bank. [31](https://investorrelations.provident.bank/news-events/press-releases/press-release/2020/Provident-Financial-Services-Inc.-Completes-Merger-with-SB-One-Bancorp/default.aspx)[32](https://www.provident.bank/press-releases/provident-financial-services-inc-completes-merger-with-lakeland-bancorp-inc)
[1](https://app.finbar.com/go?id=P15430023)[26](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/175-Years-Old-and-Still-Buzzing-The-Provident-Bank-Celebrates-Milestone-Anniversary-in-February/default.aspx)[27](https://investorrelations.provident.bank/news-events/press-releases/press-release/2003/Provident-Financial-Services-Inc.-and-First-Sentinel-Bancorp-Inc.-To-Merge-in-Accretive-642-Million-Stock-and-Cash-Transaction-Creating-New-Jerseys-8th-Largest-Bank-12-22-2003/default.aspx)[28](https://investorrelations.provident.bank/news-events/press-releases/press-release/2007/Provident-Financial-Services-Inc.-Completes-Acquisition-of-First-Morris-Bank--Trust/default.aspx)[29](https://investorrelations.provident.bank/news-events/press-releases/press-release/2011/The-Provident-Bank-Completes-Acquisition-of-Beacon-Trust-Company-and-Beacon-Global-Asset-Management-Inc/default.aspx)[30](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/Provident-Financial-Services-Inc.-Completes-Acquisition-of-Team-Capital-Bank/default.aspx)[31](https://investorrelations.provident.bank/news-events/press-releases/press-release/2020/Provident-Financial-Services-Inc.-Completes-Merger-with-SB-One-Bancorp/default.aspx)[32](https://www.provident.bank/press-releases/provident-financial-services-inc-completes-merger-with-lakeland-bancorp-inc)

## Sources

1. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P15430023)
2. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112639224)
3. [investorrelations.provident.bank](https://investorrelations.provident.bank/corporate-profile/default.aspx)
4. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P35237877)
5. [www.provident.bank](https://www.provident.bank/about-us)
6. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Reports-Second-Quarter-Earnings/default.aspx)
7. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2026/Provident-Financial-Services-Inc--Announces-Fourth-Quarter-and-Full-Year-Earnings-and-Annual-Meeting-Date/default.aspx)
8. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P116081654)
9. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12834734)
10. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39047247)
11. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112972744)
12. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70902779)
13. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28994549)
14. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38430937)
15. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97584668)
16. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94948126)
17. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P93569587)
18. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154780745)
19. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154780757)
20. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154780699)
21. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18454245)
22. [PROVIDENT FINANCIAL SERVICES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P110037441)
23. [investorrelations.provident.bank](https://investorrelations.provident.bank/sec-filings/documents/default.aspx)
24. [www.provident.bank](https://www.provident.bank/commercial-banking)
25. [www.provident.bank](https://www.provident.bank/business-planning)
26. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/175-Years-Old-and-Still-Buzzing-The-Provident-Bank-Celebrates-Milestone-Anniversary-in-February/default.aspx)
27. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2003/Provident-Financial-Services-Inc.-and-First-Sentinel-Bancorp-Inc.-To-Merge-in-Accretive-642-Million-Stock-and-Cash-Transaction-Creating-New-Jerseys-8th-Largest-Bank-12-22-2003/default.aspx)
28. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2007/Provident-Financial-Services-Inc.-Completes-Acquisition-of-First-Morris-Bank--Trust/default.aspx)
29. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2011/The-Provident-Bank-Completes-Acquisition-of-Beacon-Trust-Company-and-Beacon-Global-Asset-Management-Inc/default.aspx)
30. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2014/Provident-Financial-Services-Inc.-Completes-Acquisition-of-Team-Capital-Bank/default.aspx)
31. [investorrelations.provident.bank](https://investorrelations.provident.bank/news-events/press-releases/press-release/2020/Provident-Financial-Services-Inc.-Completes-Merger-with-SB-One-Bancorp/default.aspx)
32. [www.provident.bank](https://www.provident.bank/press-releases/provident-financial-services-inc-completes-merger-with-lakeland-bancorp-inc)

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