Provident Financial Services (PFS) Revenue & Revenue Breakdown
Provident Financial Services Revenue Highlights
Latest Revenue (Y)
$695.65M
Latest Revenue (Q)
$270.09M
Main Segment (Y)
Wealth Management Fees
Provident Financial Services Revenue by Period
Provident Financial Services Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $695.65M | 37.66% |
| 2022-12-31 | $505.34M | 11.60% |
| 2021-12-31 | $452.83M | 17.62% |
| 2020-12-31 | $385.00M | 6.42% |
| 2019-12-31 | $361.77M | 0.67% |
| 2018-12-31 | $359.35M | 7.62% |
| 2017-12-31 | $333.90M | 6.35% |
| 2016-12-31 | $313.96M | 2.90% |
| 2015-12-31 | $305.10M | 8.94% |
| 2014-12-31 | $280.06M | 7.65% |
| 2013-12-31 | $260.16M | -0.30% |
| 2012-12-31 | $260.95M | 4.87% |
| 2011-12-31 | $248.83M | 3.38% |
| 2010-12-31 | $240.69M | 12.21% |
| 2009-12-31 | $214.50M | 6.04% |
| 2008-12-31 | $202.28M | 9.06% |
| 2007-12-31 | $185.47M | -5.60% |
| 2006-12-31 | $196.48M | -6.74% |
| 2005-12-31 | $210.68M | 10.01% |
| 2004-12-31 | $191.51M | 24.59% |
| 2003-12-31 | $153.71M | 11.21% |
| 2002-12-31 | $138.21M | 497.39% |
| 2001-12-31 | $23.14M | - |
Provident Financial Services generated $695.65M in revenue during NA 2023, up 37.66% compared to the previous quarter, and up 193.58% compared to the same period a year ago.
Provident Financial Services Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $270.09M | 46.33% |
| 2024-03-31 | $184.57M | 0.78% |
| 2023-12-31 | $183.14M | 58.49% |
| 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 | $137.93M | 14.56% |
| 2022-06-30 | $120.41M | 5.00% |
| 2022-03-31 | $114.67M | 0.11% |
| 2021-12-31 | $114.54M | -0.04% |
| 2021-09-30 | $114.59M | 2.26% |
| 2021-06-30 | $112.06M | 0.38% |
| 2021-03-31 | $111.64M | 2.24% |
| 2020-12-31 | $109.19M | 6.41% |
| 2020-09-30 | $102.61M | 21.88% |
| 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 | $92.39M | 5.96% |
| 2019-03-31 | $87.19M | -6.19% |
| 2018-12-31 | $92.95M | 1.36% |
| 2018-09-30 | $91.70M | 4.07% |
| 2018-06-30 | $88.12M | 1.77% |
| 2018-03-31 | $86.58M | 1.62% |
| 2017-12-31 | $85.20M | -0.14% |
| 2017-09-30 | $85.32M | 1.73% |
| 2017-06-30 | $83.87M | 5.50% |
| 2017-03-31 | $79.50M | -1.98% |
| 2016-12-31 | $81.10M | 2.61% |
| 2016-09-30 | $79.04M | 1.68% |
| 2016-06-30 | $77.73M | 2.16% |
| 2016-03-31 | $76.09M | -4.41% |
| 2015-12-31 | $79.60M | 6.62% |
| 2015-09-30 | $74.66M | -5.04% |
| 2015-06-30 | $78.62M | 8.84% |
| 2015-03-31 | $72.23M | -3.35% |
| 2014-12-31 | $74.73M | 0.61% |
| 2014-09-30 | $74.28M | 9.67% |
| 2014-06-30 | $67.73M | 6.97% |
| 2014-03-31 | $63.32M | -1.91% |
| 2013-12-31 | $64.55M | -1.79% |
| 2013-09-30 | $65.73M | -0.49% |
| 2013-06-30 | $66.05M | 3.46% |
| 2013-03-31 | $63.84M | -3.21% |
| 2012-12-31 | $65.96M | 3.86% |
| 2012-09-30 | $63.51M | -0.65% |
| 2012-06-30 | $63.92M | -5.39% |
| 2012-03-31 | $67.56M | 7.43% |
| 2011-12-31 | $62.89M | -0.34% |
| 2011-09-30 | $63.11M | 1.43% |
| 2011-06-30 | $62.22M | 2.64% |
| 2011-03-31 | $60.62M | -0.28% |
| 2010-12-31 | $60.79M | -0.08% |
| 2010-09-30 | $60.84M | 0.92% |
| 2010-06-30 | $60.28M | 2.56% |
| 2010-03-31 | $58.78M | 4.64% |
| 2009-12-31 | $56.17M | 2.88% |
| 2009-09-30 | $54.60M | 3.35% |
| 2009-06-30 | $52.83M | 3.80% |
| 2009-03-31 | $50.90M | -4.61% |
| 2008-12-31 | $53.35M | 0.43% |
| 2008-09-30 | $53.13M | 7.90% |
| 2008-06-30 | $49.24M | 2.63% |
| 2008-03-31 | $47.97M | 7.03% |
| 2007-12-31 | $44.82M | - |
Provident Financial Services generated $270.09M in revenue during Q2 2024, up 46.33% compared to the previous quarter, and up 207.00% 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Debit Card | $2.96M | $3.12M | $5.67M | $5.97M | $5.73M |
| Deposit Account | $12.96M | $12.55M | $10.92M | $10.31M | $13.12M |
| Insurance Commissions And Fees | $13.93M | - | - | - | - |
| Wealth Management Fees | $27.67M | $27.87M | $30.76M | $25.73M | $22.50M |
| Banking | $15.92M | $15.68M | $16.59M | $16.29M | $18.85M |
| 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 23: Wealth Management Fees (37.67%), Banking (21.68%), Insurance Commissions And Fees (18.97%), Deposit Account (17.64%), and Debit Card (4.03%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wealth Management Fees Member | $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 | $6.24M | $4.08M | - | - | - | - | - |
| Deposit Account | $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 | $3.28M | $3.19M |
| Debit Card | $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 | $1.49M | $1.31M |
| Banking | $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 | $4.77M | $4.50M |
| Insurance Commissions And Fees | $4.79M | $5.99M | $3.85M | $4.10M | $2.87M | $2.85M | $3.42M | $2.43M | $2.85M | $2.73M | $1.71M | - | - | - | - | - | - | - | - | - |
| 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 Mar 24: Wealth Management Fees Member (36.91%), Insurance Commissions And Fees (23.62%), Banking (19.73%), Deposit Account (16.34%), and Debit Card (3.39%).
Provident Financial Services Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SASR | Sandy Spring Bancorp | $704.60M | $184.70M |
| PFS | Provident Financial Services | $695.65M | $270.09M |
| BY | Byline Bancorp | $534.34M | $146.44M |
| CFB | CrossFirst Bankshares | $455.32M | $134.39M |
| FMBH | First Mid Bancshares | $386.95M | $111.11M |
| PGC | Peapack-Gladstone Financial | $377.41M | $100.88M |
| CNOB | ConnectOne Bancorp | $373.75M | $134.41M |
| CTBI | Community Trust Ban | $327.31M | $92.36M |
| HFWA | Heritage Financial | $303.13M | $81.83M |
| NFBK | Northfield Bancorp, Inc. (Staten Island, NY) | $220.69M | $63.08M |
| BWFG | Bankwell Financial Group | $193.30M | $48.55M |
| CBAN | Colony Bankcorp | $160.55M | $42.83M |
| NRIM | Northrim BanCorp | $158.09M | $39.42M |
| FIBK | First Interstate BancSystem | $147.00M | $242.30M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| ECBK | ECB Bancorp | $55.83M | $16.68M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $33.45M | $8.40M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
PFS Revenue FAQ
What is Provident Financial Services’s yearly revenue?
Provident Financial Services's yearly revenue for 2023 was $695.65M, representing an increase of 37.66% compared to 2022. The company's yearly revenue for 2022 was $505.34M, representing an increase of 11.60% compared to 2021. PFS's yearly revenue for 2021 was $452.83M, representing an increase of 17.62% compared to 2020.
What is Provident Financial Services’s quarterly revenue?
Provident Financial Services's quarterly revenue for Q2 2024 was $270.09M, a 46.33% increase from the previous quarter (Q1 2024), and a 127.93% increase year-over-year (Q2 2023). The company'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). PFS's quarterly revenue for Q4 2023 was $183.14M, a 58.49% increase from the previous quarter (Q3 2023), and a 38.40% increase year-over-year (Q4 2022).
What is Provident Financial Services’s revenue growth rate?
Provident Financial Services's revenue growth rate for the last 3 years (2021-2023) was 53.62%, and for the last 5 years (2019-2023) was 92.29%.
What are Provident Financial Services’s revenue streams?
Provident Financial Services's revenue streams in c 23 are Debit Card, Deposit Account, Insurance Commissions And Fees, Wealth Management Fees, and Banking. Debit Card generated $2.96M in revenue, accounting 4.03% of the company's total revenue, down -5.15% year-over-year. Deposit Account generated $12.96M in revenue, accounting 17.64% of the company's total revenue, up 3.23% year-over-year. Insurance Commissions And Fees generated $13.93M in revenue, accounting 18.97% of the company's total revenue Wealth Management Fees generated $27.67M in revenue, accounting 37.67% of the company's total revenue, down -0.72% year-over-year. Banking generated $15.92M in revenue, accounting 21.68% of the company's total revenue, up 1.56% year-over-year.
What is Provident Financial Services’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Provident Financial Services was Wealth Management Fees. This segment made a revenue of $27.67M, representing 37.67% of the company's total revenue.