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Provident Financial Services (PFS) Revenue & Revenue Breakdown

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Provident Financial Services Revenue Highlights

Latest Revenue (Y)

$1.05B

Latest Revenue (Q)

$279.55M

Main Segment (Y)

Wealth Management Fees

Provident Financial Services Revenue by Period

Provident Financial Services Revenue by Year

DateRevenueChange
2024-12-31$1.05B131.76%
2023-12-31$451.38M-10.68%
2022-12-31$505.34M11.60%
2021-12-31$452.83M17.62%
2020-12-31$385.00M6.42%
2019-12-31$361.77M0.67%
2018-12-31$359.35M7.62%
2017-12-31$333.90M6.35%
2016-12-31$313.96M2.90%
2015-12-31$305.10M8.94%
2014-12-31$280.06M7.65%
2013-12-31$260.16M-0.30%
2012-12-31$260.95M4.87%
2011-12-31$248.83M3.38%
2010-12-31$240.69M12.21%
2009-12-31$214.50M6.04%
2008-12-31$202.28M9.06%
2007-12-31$185.47M-5.60%
2006-12-31$196.48M-6.74%
2005-12-31$210.68M10.01%
2004-12-31$191.51M24.59%
2003-12-31$153.71M11.21%
2002-12-31$138.21M497.39%
2001-12-31$23.14M-

Provident Financial Services generated $1.05B in revenue during NA 2024, up 131.76% compared to the previous quarter, and up 289.17% compared to the same period a year ago.

Provident Financial Services Revenue by Quarter

DateRevenueChange
2024-09-30$279.55M3.51%
2024-06-30$270.07M46.32%
2024-03-31$184.57M0.78%
2023-12-31$183.14M58.49%
2023-09-30$115.56M-2.48%
2023-06-30$118.49M-9.18%
2023-03-31$130.48M-1.40%
2022-12-31$132.33M-4.07%
2022-09-30$137.93M14.56%
2022-06-30$120.41M5.00%
2022-03-31$114.67M0.11%
2021-12-31$114.54M-0.04%
2021-09-30$114.59M2.26%
2021-06-30$112.06M0.38%
2021-03-31$111.64M2.24%
2020-12-31$109.19M6.41%
2020-09-30$102.61M21.88%
2020-06-30$84.19M-5.41%
2020-03-31$89.01M-1.76%
2019-12-31$90.61M-1.06%
2019-09-30$91.58M-0.88%
2019-06-30$92.39M5.96%
2019-03-31$87.19M-6.19%
2018-12-31$92.95M1.36%
2018-09-30$91.70M4.07%
2018-06-30$88.12M1.77%
2018-03-31$86.58M1.62%
2017-12-31$85.20M-0.14%
2017-09-30$85.32M1.73%
2017-06-30$83.87M5.50%
2017-03-31$79.50M-1.98%
2016-12-31$81.10M2.61%
2016-09-30$79.04M1.68%
2016-06-30$77.73M2.16%
2016-03-31$76.09M-4.41%
2015-12-31$79.60M6.62%
2015-09-30$74.66M-5.04%
2015-06-30$78.62M8.84%
2015-03-31$72.23M-3.35%
2014-12-31$74.73M0.61%
2014-09-30$74.28M9.67%
2014-06-30$67.73M6.97%
2014-03-31$63.32M-1.91%
2013-12-31$64.55M-1.79%
2013-09-30$65.73M-0.49%
2013-06-30$66.05M3.46%
2013-03-31$63.84M-3.21%
2012-12-31$65.96M3.86%
2012-09-30$63.51M-0.65%
2012-06-30$63.92M-5.39%
2012-03-31$67.56M7.43%
2011-12-31$62.89M-0.34%
2011-09-30$63.11M1.43%
2011-06-30$62.22M2.64%
2011-03-31$60.62M-0.28%
2010-12-31$60.79M-0.08%
2010-09-30$60.84M0.92%
2010-06-30$60.28M2.56%
2010-03-31$58.78M4.64%
2009-12-31$56.17M2.88%
2009-09-30$54.60M3.35%
2009-06-30$52.83M3.80%
2009-03-31$50.90M-4.61%
2008-12-31$53.35M0.43%
2008-09-30$53.13M7.90%
2008-06-30$49.24M2.63%
2008-03-31$47.97M7.03%
2007-12-31$44.82M-

Provident Financial Services generated $279.55M in revenue during Q3 2024, up 3.51% compared to the previous quarter, and up 235.92% compared to the same period a year ago.

Provident Financial Services Revenue Breakdown

Provident Financial Services Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Insurance Commissions And Fees$16.20M$13.93M---
Deposit Account$16.90M$12.96M$12.55M$10.92M$10.31M
Debit Card$4.65M$2.96M$3.12M$5.67M$5.97M
Wealth Management Fees$30.53M$27.67M$27.87M$30.76M$25.73M
Banking$21.55M$15.92M$15.68M$16.59M$16.29M
Insurance Agency Income--$11.44M$10.22M$3.51M

Provident Financial Services's latest annual revenue breakdown by segment (product or service), as of Dec 24: Wealth Management Fees (33.99%), Banking (23.99%), Deposit Account (18.81%), Insurance Commissions And Fees (18.03%), and Debit Card (5.18%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Debit Card$2.45M$1.51M$688.00K$1.50M$761.00K$706.00K$752.00K$756.00K$846.00K$770.00K$876.00K$913.00K$2.10M$1.78M$1.81M$1.69M$1.26M$1.21M$1.46M$1.47M
Banking$10.95M$6.60M$4.00M$8.04M$3.81M$4.07M$3.98M$4.04M$3.91M$3.73M$3.83M$3.82M$4.65M$4.28M$4.60M$4.17M$3.34M$4.19M$4.73M$4.86M
Insurance Commissions And Fees$7.78M$3.63M$4.79M$5.99M$3.85M$4.10M$2.87M$2.85M$3.42M$2.43M$2.85M$2.73M$1.71M-------
Deposit Account$8.50M$5.09M$3.32M$6.55M$3.05M$3.36M$3.23M$3.29M$3.07M$2.96M$2.96M$2.91M$2.56M$2.50M$2.79M$2.47M$2.07M$2.98M$3.26M$3.39M
Wealth Management Fees Member-$7.62M$7.49M$6.92M$6.92M$6.79M$7.02M$7.47M$7.92M$7.86M$7.13M$6.85M$5.98M$6.25M$6.08M-----
Wealth Management Fees------$6.60M$7.84M$6.66M$6.10M----------

Provident Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Banking (36.90%), Deposit Account (28.63%), Insurance Commissions And Fees (26.20%), and Debit Card (8.27%).

Provident Financial Services Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PFSProvident Financial Services$1.05B$279.55M
SASRSandy Spring Bancorp$672.27M$170.10M
CNOBConnectOne Bancorp$517.89M$134.98M
CFBCrossFirst Bankshares$455.32M$134.39M
CTBICommunity Trust Ban$313.44M$95.38M
HFWAHeritage Financial$309.71M$81.65M
NFBKNorthfield Bancorp, Inc. (Staten Island, NY)$237.91M$62.90M
PGCPeapack-Gladstone Financial$228.13M$56.62K
BWFGBankwell Financial Group$191.99M$46.36M
FIBKFirst Interstate BancSystem$178.10M$46.40M
FNWDFinward Bancorp$71.60M$22.47M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$7.66M
AFBIAffinity Bancshares$30.61M$12.87M
ECBKECB Bancorp$26.04M$9.81M
BYByline Bancorp$14.46K$146.44M
FMBHFirst Mid Bancshares-$44.35M
CBANColony Bankcorp-$44.69M
NRIMNorthrim BanCorp-$39.42M
GSBCGreat Southern Bancorp-$91.36M

PFS Revenue FAQ

What is Provident Financial Services’s yearly revenue?

Provident Financial Services's yearly revenue for 2024 was $1.05B, representing an increase of 131.76% compared to 2023. The company's yearly revenue for 2023 was $451.38M, representing a decrease of -10.68% compared to 2022. PFS's yearly revenue for 2022 was $505.34M, representing an increase of 11.60% compared to 2021.

What is Provident Financial Services’s quarterly revenue?

Provident Financial Services's quarterly revenue for Q3 2024 was $279.55M, a 3.51% increase from the previous quarter (Q2 2024), and a 141.92% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $270.07M, a 46.32% increase from the previous quarter (Q1 2024), and a 127.92% increase year-over-year (Q2 2023). PFS's quarterly revenue for Q1 2024 was $184.57M, a 0.78% increase from the previous quarter (Q4 2023), and a 41.46% increase year-over-year (Q1 2023).

What is Provident Financial Services’s revenue growth rate?

Provident Financial Services's revenue growth rate for the last 3 years (2022-2024) was 107.02%, and for the last 5 years (2020-2024) was 171.72%.

What are Provident Financial Services’s revenue streams?

Provident Financial Services's revenue streams in c 24 are Insurance Commissions And Fees, Deposit Account, Debit Card, Wealth Management Fees, and Banking. Insurance Commissions And Fees generated $16.2M in revenue, accounting 18.03% of the company's total revenue, up 16.27% year-over-year. Deposit Account generated $16.9M in revenue, accounting 18.81% of the company's total revenue, up 30.43% year-over-year. Debit Card generated $4.65M in revenue, accounting 5.18% of the company's total revenue, up 56.97% year-over-year. Wealth Management Fees generated $30.53M in revenue, accounting 33.99% of the company's total revenue, up 10.35% year-over-year. Banking generated $21.55M in revenue, accounting 23.99% of the company's total revenue, up 35.37% year-over-year.

What is Provident Financial Services’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Provident Financial Services was Wealth Management Fees. This segment made a revenue of $30.53M, representing 33.99% of the company's total revenue.