PROVIDENT FINANCIAL SERVICES INCPFS
| Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
---|
Net income | 50 | 57 | 67 | 71 | 74 | 84 | 88 | 94 | 118 | 113 | 97 | 168 | 176 | 128 |
---|
Depreciation and amortization expense | 11 | 10 | 9 | 9 | 11 | 14 | 13 | 12 | 10 | 10 | 11 | 13 | 13 | 12 |
---|
Provision for Loan, Lease, and Other Losses | - | - | - | - | - | - | - | - | - | - | - | - | 8 | - |
---|
Provision charge (benefit) for credit losses | - | - | - | - | - | - | - | - | - | - | - | - | - | 28 |
---|
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | - | - | - | - | - | - | - | - | - | - | 2 | 2 | -3 | 0 |
---|
Deferred tax expense | -4 | -4 | -1 | 6 | 4 | 0 | 3 | 41 | -19 | 2 | -8 | 12 | 2 | 3 |
---|
Amortization of operating lease right-of-use assets | - | - | - | - | - | - | - | - | - | - | - | 10 | 11 | 10 |
---|
Income on Bank-owned life insurance | 6 | 5 | -5 | 7 | 6 | 5 | 5 | 7 | 6 | 6 | 6 | 8 | 6 | 6 |
---|
Net amortization of premiums and discounts on securities | -10 | -13 | -17 | -13 | -10 | -11 | -11 | -10 | -9 | -8 | -10 | -16 | -13 | -8 |
---|
Accretion of net deferred loan fees | 1 | 2 | 3 | 4 | 3 | 5 | 3 | 5 | 6 | 6 | 9 | 8 | 9 | 9 |
---|
Amortization of Debt Discount (Premium) | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
---|
Originations of loans held for sale | 18 | 21 | 37 | 31 | 13 | 12 | 35 | 25 | 36 | 16 | 87 | 48 | 22 | 19 |
---|
Proceeds from Sale, Loan, Held-for-Sale | 19 | 23 | 39 | 32 | 14 | 13 | 37 | 26 | 37 | 17 | 89 | 50 | 21 | 23 |
---|
ESOP expense | - | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 2 | 4 | 4 | 3 |
---|
Allocation Of Sap Shares | - | 3 | 4 | 5 | 6 | 5 | 4 | 5 | 6 | 7 | 5 | 5 | 9 | 8 |
---|
Allocation of stock options | - | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
---|
Net gain on sale of loans | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
---|
Net gain on securities transactions | - | - | - | - | - | - | - | - | 2 | 0 | 0 | 0 | 0 | 0 |
---|
Net loss (gain) on sale of premises and equipment | 0 | -0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | - | 1 | 0 | 0 | -0 |
---|
Net gain on sale of foreclosed assets | - | - | - | - | - | - | - | - | - | - | - | 0 | 9 | 3 |
---|
(Increase) decrease in accrued interest receivable | -1 | -1 | -1 | -1 | -1 | 1 | 1 | 3 | 2 | -2 | -8 | -4 | 10 | 7 |
---|
(Increase) decrease in accrued interest receivable | -1 | -1 | -1 | -1 | -1 | 1 | 1 | 3 | 2 | -2 | -8 | -4 | 10 | 7 |
---|
Decrease (increase) in other assets | 16 | 14 | 9 | 16 | 22 | 5 | -6 | 52 | -5 | 46 | 107 | -10 | 56 | -25 |
---|
(Decrease) increase in other liabilities | 1 | -9 | 2 | 0 | 8 | 5 | -3 | 6 | 5 | 25 | 60 | -48 | 61 | -29 |
---|
Decrease (increase) in other assets | 16 | 14 | 9 | 16 | 22 | 5 | -6 | 52 | -5 | 46 | 107 | -10 | 56 | -25 |
---|
(Decrease) increase in other liabilities | 1 | -9 | 2 | 0 | 8 | 5 | -3 | 6 | 5 | 25 | 60 | -48 | 61 | -29 |
---|
Net cash provided by operating activities | 92 | 94 | 108 | 99 | 96 | 115 | 127 | 117 | 156 | 137 | 107 | 158 | 200 | 173 |
---|
Net (increase) decrease in loans | - | - | - | - | - | - | - | - | -79 | 80 | 718 | -253 | 649 | 626 |
---|
Proceeds from Sale of Foreclosed Assets | - | 16 | 16 | 14 | 6 | 4 | 6 | 5 | 8 | - | - | - | 16 | 4 |
---|
Proceeds from Sale of Finance Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 |
---|
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities | 49 | 79 | 77 | 98 | 41 | 37 | 63 | 56 | 40 | 43 | 62 | 48 | 74 | 41 |
---|
Proceeds from Sale of Foreclosed Assets | - | 16 | 16 | 14 | 6 | 4 | 6 | 5 | 8 | - | - | - | 16 | 4 |
---|
Purchases of investment securities held to maturity | 60 | 82 | 89 | 98 | 73 | 44 | 80 | 48 | 44 | 20 | 49 | 35 | 27 | 17 |
---|
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities | 49 | 79 | 77 | 98 | 41 | 37 | 63 | 56 | 40 | 43 | 62 | 48 | 74 | 41 |
---|
Proceeds from sales of securities available for sale | - | - | - | - | - | - | - | - | 2 | - | 14 | 9 | - | - |
---|
Purchases of investment securities held to maturity | 60 | 82 | 89 | 98 | 73 | 44 | 80 | 48 | 44 | 20 | 49 | 35 | 27 | 17 |
---|
Proceeds from maturities calls and paydowns of securities available for sale | 507 | 421 | 489 | 351 | 208 | 212 | 211 | 220 | 197 | 224 | 350 | 393 | 279 | 190 |
---|
Proceeds from sales of securities available for sale | - | - | - | - | - | - | - | - | 2 | - | 14 | 9 | - | - |
---|
Purchases of securities available for sale | - | - | - | - | - | - | - | - | 237 | 117 | 249 | 1,401 | 290 | 40 |
---|
Proceeds from maturities calls and paydowns of securities available for sale | 507 | 421 | 489 | 351 | 208 | 212 | 211 | 220 | 197 | 224 | 350 | 393 | 279 | 190 |
---|
Proceeds from Sale of Federal Home Loan Bank Stock | - | - | - | - | - | - | 57 | 130 | 145 | 172 | 116 | 31 | 163 | 213 |
---|
Purchases of securities available for sale | - | - | - | - | - | - | - | - | 237 | 117 | 249 | 1,401 | 290 | 40 |
---|
Purchases of Federal Home Loan Bank stock | - | - | - | - | - | - | 54 | 136 | 133 | 161 | 107 | 6 | 197 | 223 |
---|
Proceeds from Sale of Federal Home Loan Bank Stock | - | - | - | - | - | - | 57 | 130 | 145 | 172 | 116 | 31 | 163 | 213 |
---|
Net Cash and Cash Equivalents (Paid) Received in Acquisition | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
---|
Purchases of Federal Home Loan Bank stock | - | - | - | - | - | - | 54 | 136 | 133 | 161 | 107 | 6 | 197 | 223 |
---|
BOLI claim benefits received | 2 | - | - | - | - | 1 | - | 4 | 2 | 2 | 7 | 8 | 1 | 4 |
---|
Purchases of loans | 90 | 80 | 74 | 35 | 131 | 95 | 29 | - | 1 | - | - | 5 | 7 | 9 |
---|
Proceeds from sales of premises and equipment | 2 | 12 | 1 | 0 | 2 | 0 | 0 | 21 | 0 | - | 1 | 0 | 0 | 0 |
---|
Purchases of premises and equipment | 9 | 9 | 8 | 8 | 16 | 6 | 5 | 3 | 3 | 5 | 13 | 14 | 9 | 7 |
---|
Net cash used in investing activities | -89 | -279 | -185 | -239 | -69 | -409 | -581 | -306 | 47 | 43 | -508 | -718 | -648 | -470 |
---|
Increase (Decrease) in Deposits | -21 | 279 | 272 | -227 | -180 | 131 | 630 | 161 | 116 | 272 | 977 | 1,396 | -671 | -271 |
---|
Increase in mortgage escrow deposits | - | - | - | - | - | - | 1 | 1 | -0 | 1 | 7 | 0 | 1 | 1 |
---|
Purchase of treasury stock | 0 | 4 | 9 | 6 | 4 | 2 | 2 | 0 | 13 | 20 | 21 | 21 | 47 | - |
---|
Purchase of employee restricted shares to fund statutory tax withholding | - | - | - | - | - | - | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 |
---|
Cash dividends paid to stockholders | 25 | 27 | 41 | 32 | 36 | 41 | 45 | 60 | 54 | 73 | 66 | 71 | 72 | 72 |
---|
Proceeds from Other Equity | - | - | 6 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 0 | - | - | - |
---|
Stock options exercised | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 3 | 1 | 0 | - | 1 | - | 1 |
---|
Stock options exercised | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 3 | 1 | 0 | - | 1 | - | 1 |
---|
Proceeds from long-term borrowings | 246 | 236 | - | 301 | 595 | 695 | 355 | 347 | 695 | 1,243 | 2,430 | 914 | 3,982 | 535 |
---|
Proceeds from long-term borrowings | 246 | 236 | - | 301 | 595 | 695 | 355 | 347 | 695 | 1,243 | 2,430 | 914 | 3,982 | 535 |
---|
Repayments of long-term borrowings | - | - | - | - | - | - | - | - | - | - | - | 1,454 | 3,253 | 58 |
---|
Repayments of long-term borrowings | - | - | - | - | - | - | - | - | - | - | - | 1,454 | 3,253 | 58 |
---|
Proceeds from (Repayments of) Short-Term Debt | 47 | -6 | -61 | 179 | -112 | 53 | 35 | 323 | -191 | -11 | -294 | -8 | -19 | 156 |
---|
Proceeds from (Repayments of) Short-Term Debt | 47 | -6 | -61 | 179 | -112 | 53 | 35 | 323 | -191 | -11 | -294 | -8 | -19 | 156 |
---|
Repayment of subordinated debentures | - | - | - | - | - | - | - | - | - | - | - | 15 | - | - |
---|
Repayment of subordinated debentures | - | - | - | - | - | - | - | - | - | - | - | 15 | - | - |
---|
Net cash provided by (used in) financing activities | -75 | 203 | 111 | 137 | -25 | 292 | 496 | 236 | -251 | -136 | 747 | 740 | -79 | 290 |
---|
Net cash provided by (used in) financing activities | -75 | 203 | 111 | 137 | -25 | 292 | 496 | 236 | -251 | -136 | 747 | 740 | -79 | 290 |
---|
Net (decrease) increase in cash and cash equivalents | - | - | - | - | - | - | - | - | - | 44 | 346 | 180 | -526 | -6 |
---|
Interest on deposits and borrowings | 79 | 61 | 45 | 37 | 40 | 42 | 44 | 46 | 59 | 74 | 49 | 36 | 47 | 210 |
---|
Income taxes | 18 | 26 | 26 | 29 | 26 | 41 | 34 | 41 | 15 | 34 | 37 | 57 | 51 | 46 |
---|
Transfer From Loans To Foreclosed Assets | 5 | 25 | 16 | 7 | 5 | 10 | 4 | 4 | 2 | 2 | 3 | 0 | 1 | - |
---|
Real Estate Owned, Transfer to Real Estate Owned | - | - | - | - | - | - | - | - | - | - | - | - | - | 15 |
---|
Investment securities | - | - | - | - | 158 | - | - | - | - | - | 255 | - | - | - |
---|
Loans, net | - | - | - | - | - | - | - | - | - | - | 1,753 | - | - | - |
---|
Bank-owned life insurance | - | - | - | - | - | - | - | - | - | - | 37 | - | - | - |
---|
Goodwill and other intangible assets, net | - | - | - | - | 50 | 25 | - | - | - | 22 | 32 | - | - | - |
---|
Bank premises and equipment | - | - | - | - | - | - | - | - | - | - | 17 | - | - | - |
---|
Other assets | - | - | - | - | 34 | 1 | - | - | - | 0 | 24 | - | - | - |
---|
Total non-cash assets acquired at fair value | - | - | - | - | 895 | 27 | - | - | - | 22 | 2,118 | - | - | - |
---|
Deposits | - | - | - | - | - | - | - | - | - | - | 1,758 | - | - | - |
---|
Borrowings and subordinated debt | - | - | - | - | 113 | - | - | - | - | - | 227 | - | - | - |
---|
Other Liabilities | - | - | - | - | -2 | 0 | - | - | - | - | - | - | - | - |
---|
Total liabilities assumed | - | - | - | - | 880 | 0 | - | - | - | - | - | - | - | - |
---|