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Provident Financial Services (Provident Financial Services) Revenue : $463.3 Mil (TTM As of Mar. 2024)


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What is Provident Financial Services Revenue?

Provident Financial Services's revenue for the three months ended in Mar. 2024 was $114.5 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $463.3 Mil. Provident Financial Services's Revenue per Share for the three months ended in Mar. 2024 was $1.52. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $6.18.

Warning Sign:

Provident Financial Services Inc revenue per share is in decline over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Provident Financial Services was -11.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was 5.00% per year. During the past 5 years, the average Revenue per Share Growth Rate was 4.00% per year. During the past 10 years, the average Revenue per Share Growth Rate was 3.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, Provident Financial Services's highest 3-Year average Revenue per Share Growth Rate was 101.80% per year. The lowest was 1.60% per year. And the median was 4.70% per year.


Provident Financial Services Revenue Historical Data

The historical data trend for Provident Financial Services's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Provident Financial Services Revenue Chart

Provident Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 361.77 385.00 452.83 505.34 479.28

Provident Financial Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 130.48 118.49 115.56 114.76 114.48

Competitive Comparison of Provident Financial Services's Revenue

For the Banks - Regional subindustry, Provident Financial Services's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Provident Financial Services's Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Provident Financial Services's Revenue distribution charts can be found below:

* The bar in red indicates where Provident Financial Services's Revenue falls into.



Provident Financial Services Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $463.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Provident Financial Services  (NYSE:PFS) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Provident Financial Services Revenue Related Terms

Thank you for viewing the detailed overview of Provident Financial Services's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Provident Financial Services (Provident Financial Services) Business Description

Traded in Other Exchanges
Address
239 Washington Street, Jersey, NJ, USA, 07302
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
Executives
James P Dunigan director 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola officer: EVP & Chief Retail Banking Ofc C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Walter Sierotko officer: EVP/CLO of Provident Bank 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Frank L Fekete director
Bennett Macdougall officer: EVP, General Counsel, Sec 239 WASHINGTON STREET, JERSEY CITY NJ 07302
George Lista officer: President/CEO SB One Insurance C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta director, officer: President and COO SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Adriano M. Duarte officer: EVP & CAO of Provident Bank 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding director 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney director C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy officer: SVP, CRO of Provident Bank, other: General Auditor 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Ravi Vakacherla officer: Chief Digital & Innovation Off 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray officer: SVP & Chief Wealth Mgmt Ofc 239 WASHINGTON STREET, JERSEY CITY NJ 07302
John Pugliese director 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Nadine Duchemin-leslie director 239 WASHINGTON STREET, JERSEY CITY NJ 07302