Provident Financial Services Inc (Provident) is a bank holding company, which operates through Provident Bank. It offers services such as personal banking, business banking and wealth management services. The bank provides product and services which includes array of deposits, account checking, saving, insurance, loans and investment management credit card, provident investment and fiduciary services. It also offers digital banking, asset management, mobile banking, online banking, bill payment, fixed deposit and advisory services. The bank serves to individuals, families and businesses across Northern and central New Jersey, Queens County, New York and Eastern Pennsylvania. Provident is headquartered in Jersey City, New Jersey, the US.
Headquarters
United States of America
Address
239 Washington Street, Jersey City, New Jersey, 07302
Website
www.provident.bank
Telephone
1 201 3331000
No of Employees
1,109
Industry
Financial Services
Ticker Symbol & Exchange
PFS (NYSE)
Revenue (2022)
$695.6M
25.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-26.9%
(2022 vs 2021)
Market Cap*
$1.2B
Net Profit Margin (2022)
XYZ
-41.8%
(2022 vs 2021)
* As of and is in US$
Provident Financial Services Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Commercial Real Estate Loans | Personal Banking Services |
| Multi-family Loans | Insurance Services |
| Construction Loans | Wealth Management Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Regulatory Approval | In April, the company secured approval from the Board of Governors of the Federal Reserve System to merge with Lakeland Bancorp. |
| 2024 | Regulation/Government Policy | In March, Provident Financial Services, Inc. and Lakeland Bancorp, Inc. received approval from the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance for Provident and Lakeland to complete their merger. |
| 2023 | Others | In December, the company extended its merger agreement with Lakeland Bancorp, Inc. |
Competitor Comparison
| Key Parameters | Provident Financial Services Inc | Bank of America Corp | Fulton Financial Corp | Community Bank System Inc | First Commonwealth Financial Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Jersey City | Charlotte | Lancaster | Dewitt | Indiana |
| State/Province | New Jersey | North Carolina | Pennsylvania | New York | Pennsylvania |
| No. of Employees | 1,109 | 213,000 | 3,400 | 2,687 | 1,437 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christopher P Martin | Chairman | Executive Board | 2022 | 67 |
| Anthony Labozzetta | President; Director; Chief Executive Officer | Executive Board | 2022 | 60 |
| Thomas M. Lyons | Chief Financial Officer; Senior Executive Vice President | Senior Management | 2019 | 59 |
| Adriano M. Duarte | Chief Accounting Officer; Executive Vice President | Senior Management | 2023 | 52 |
| John Kuntz | Senior Executive Vice President - Provident; Chief Administrative Officer; Secretary; General Counsel | Senior Management | 2019 | 68 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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