← PROVIDENT FINANCIAL SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $87.8m |
$93.9m
+7.00%
|
$118.4m
+26.01%
|
$112.6m
-4.86%
|
$97.0m
-13.92%
|
$167.9m
+73.20%
|
$175.6m
+4.60%
|
$128.4m
-26.90%
|
$115.5m
-10.03%
|
$291.2m
+152.03%
|
— | |
| Depreciation and amortization | $12.8m | $11.6m | $10.1m | $10.4m | $11.0m | $12.7m | $13.1m | $11.7m | $41.5m | $51.3m | $63.1m | |
| Amortization of Intangible Assets | $3.4m | $2.7m | $2.1m | $2.7m | $3.4m | $3.7m | $3.3m | $3.0m | $28.9m | $37.1m | — | |
| Depreciation | $9.4m | $9.0m | $8.0m | $7.7m | $7.6m | $9.0m | $9.8m | $8.7m | $12.6m | $14.2m | $63.1m | |
| Deferred Income Tax Expense (Benefit) | $3.2m | $40.6m | ($18.5m) | $1.7m | ($7.9m) | $12.4m | $2.2m | $2.7m | ($12.3m) | $24.5m | $21.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.2m | $778k | $1.9m | $2.0m | $969k | $961k | $1.0m | $1.7m | $1.3m | $2.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($1.3m) | ($2.6m) | ($1.8m) | $2.4m | $8.5m | $4.5m | $8.4m | $27.9m | $83.6m | $4.1m | — | |
| Increase (Decrease) in Other Operating Assets | ($5.7m) | $52.1m | ($5.3m) | $46.2m | $106.8m | ($10.3m) | $56.3m | ($25.1m) | ($23.2m) | $13.1m | — | |
| Increase (Decrease) in Other Operating Liabilities | ($2.8m) | $6.1m | $4.8m | $25.3m | $59.9m | ($48.1m) | $60.5m | ($29.0m) | $17.3m | ($52.5m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $127.3m |
$117.2m
-7.92%
|
$155.7m
+32.84%
|
$136.9m
-12.07%
|
$106.9m
-21.92%
|
$158.2m
+47.96%
|
$200.3m
+26.63%
|
$173.4m
-13.44%
|
$426.4m
+145.90%
|
$442.3m
+3.73%
|
$370.5m
-16.23%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $14k | $20k | $25k | $0 | $947k | $42k | $22k | ($154k) | $0 | $681k | ($5.7m) | |
| Payments to Acquire Property, Plant, and Equipment | $5.0m | $3.2m | $3.2m | $4.9m | $12.8m | $13.8m | $9.4m | $7.5m | $1.3m | $11.5m | ($20.1m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $211.4m | $220.1m | $196.7m | $223.8m | $350.3m | $393.2m | $278.8m | $189.5m | $335.3m | $511.8m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($580.8m) | ($306.3m) | $46.7m | $42.9m | ($508.0m) | ($717.9m) | ($647.6m) | ($469.6m) | $507.7m | ($1.1b) | ($1.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $485.2m | $539.7m | $804.4m | $1.5b | $2.3b | — | — | — | $1.4b | $352.4m | ($127.5m) | |
| Debt and Equity Securities, Gain (Loss) | ($64k) | ($57k) | $2.2m | $72k | $81k | $255k | $181k | $30k | ($3.0m) | $843k | — | |
| Proceeds from Issuance of Long-term Debt | $355.0m | $347.0m | $695.0m | $1.2b | $2.4b | $913.7m | $4.0b | $534.8m | — | — | ($304.5m) | |
| Payments for Repurchase of Common Stock | $1.6m | $443k | $13.2m | $19.9m | $21.2m | $20.7m | $46.5m | $0 | $0 | $0 | — | |
| Dividends paid | $45.4m | $60.0m | $53.6m | $72.8m | $65.8m | $71.5m | $72.0m | $72.4m | $101.0m | $125.9m | ($124.4m) | |
| Payments of Dividends | $45.4m | $60.0m | $53.6m | $72.8m | $65.8m | $71.5m | $72.0m | $72.4m | $101.0m | $125.9m | ($124.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $495.6m |
$235.7m
-52.45%
|
($250.6m)
-206.34%
|
($135.7m)
+45.85%
|
$746.7m
+650.22%
|
$739.9m
-0.91%
|
($78.7m)
-110.64%
|
$290.0m
+468.42%
|
($908.4m)
-413.28%
|
$615.6m
+167.77%
|
$731.1m
+18.76%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $42.1m | $46.5m | ($48.2m) | $44.1m | $345.6m | $180.1m | ($526.0m) | ($6.3m) | $25.7m | $5.5m | $228.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $190.8m | $142.7m | $186.7m | $532.4m | $712.5m | $186.5m | $180.3m | $205.9m | $211.5m | $228.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $8.4m | — | — | — | $13.0m | |
| Bank Owned Life Insurance Income | $5.5m | $6.7m | $5.5m | $6.3m | $6.5m | $7.9m | $6.0m | $6.5m | $11.7m | $10.1m | — | |
| Gain (Loss) on Sales of Loans, Net | $2.0m | $1.4m | $1.3m | $990k | $1.7m | $1.9m | $1.5m | $2.0m | $1.8m | $3.9m | — | |
| Proceeds from Stock Options Exercised | $6.2m | $3.0m | $1.0m | $139k | $0 | $887k | $0 | $790k | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $102.7m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $411.6m | $411.6m | $411.6m | $420.6m | $443.0m | $444.4m | $443.6m | $443.6m | $624.1m | $624.1m | — | |
| Income Tax Expense (Benefit) | $37.0m | $46.5m | $25.5m | $34.5m | $30.6m | $59.2m | $64.5m | $47.4m | $34.1m | $117.0m | — | |
| Noncash Merger Related Costs | — | — | — | — | — | — | — | $7.8m | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $29.7m | ($24.3m) | — | — | $87.6m | $4.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.