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Provident Financial Services (PFS) Revenue & Revenue Breakdown

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Provident Financial Services Revenue Highlights

Latest Revenue (Y)

$695.65M

Latest Revenue (Q)

$279.55M

Main Segment (Y)

Wealth Management Fees

Provident Financial Services Revenue by Period

Provident Financial Services Revenue by Year

DateRevenueChange
2023-12-31$695.65M37.66%
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 $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

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 23Dec 22Dec 21Dec 20Dec 19
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
Debit Card$2.96M$3.12M$5.67M$5.97M$5.73M
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/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Insurance Commissions And Fees$3.63M$4.79M$5.99M$3.85M$4.10M$2.87M$2.85M$3.42M$2.43M$2.85M$2.73M$1.71M--------
Banking$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$4.77M
Debit Card$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$1.49M
Deposit Account$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$3.28M
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$6.24M-----
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 Sep 24: Wealth Management Fees Member (31.17%), Banking (26.99%), Deposit Account (20.81%), Insurance Commissions And Fees (14.85%), and Debit Card (6.18%).

Provident Financial Services Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SASRSandy Spring Bancorp$704.60M$170.10M
PFSProvident Financial Services$695.65M$279.55M
BYByline Bancorp$534.34M$146.44M
CFBCrossFirst Bankshares$455.32M$134.39M
FMBHFirst Mid Bancshares$386.95M$44.35M
PGCPeapack-Gladstone Financial$377.41M$56.62K
CNOBConnectOne Bancorp$373.75M$134.98M
CTBICommunity Trust Ban$327.31M$95.38M
HFWAHeritage Financial$303.13M$81.65M
NFBKNorthfield Bancorp, Inc. (Staten Island, NY)$220.69M$62.90M
BWFGBankwell Financial Group$193.30M$46.36M
CBANColony Bankcorp$160.55M$44.69M
NRIMNorthrim BanCorp$158.09M$39.42M
FIBKFirst Interstate BancSystem$147.00M$46.40M
FNWDFinward Bancorp$96.53M$22.47M
ECBKECB Bancorp$55.83M$9.81M
GSBCGreat Southern Bancorp$46.29M$91.36M
AFBIAffinity Bancshares$45.17M$12.87M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M

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 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 (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 Deposit Account, Insurance Commissions And Fees, Wealth Management Fees, Banking, and Debit Card. 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. Debit Card generated $2.96M in revenue, accounting 4.03% of the company's total revenue, down -5.15% 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.