For the quarter ending 2025-09-30, PFS had $42,689K increase in cash & cash equivalents over the period. $96,708K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 71,720 | 136,009 |
| Depreciation and amortization of intangibles | 13,067 | 26,312 |
| Provision charge for credit losses on loans and securities | 4,499 | -2,319 |
| Provision charge for credit losses on off-balance sheet credit exposures | 2,545 | 69 |
| Deferred tax expense (benefit) | 6,739 | 7,153 |
| Amortization of operating lease right-of-use assets | 3,352 | 7,015 |
| Income on bank-owned life insurance | 2,662 | 4,678 |
| Net amortization of premiums and discounts on securities | -3,986 | -8,449 |
| Accretion of net deferred loan fees | 1,832 | 3,012 |
| Amortization of premiums on purchased loans, net | 58 | 129 |
| Originations of loans held for sale | 26,224 | 36,107 |
| Proceeds from sales of loans held for sale | 15,371 | 170,708 |
| Esop expense | 0 | 0 |
| Allocation of stock award expense | 2,606 | 4,802 |
| Allocation of stock option expense | 0 | 17 |
| Net gain on sale of loans | 965 | 1,760 |
| Net (gain) loss on securities transactions | 66 | 87 |
| Net gain on sale of premises and equipment | 57 | 624 |
| Net loss (gain) on sale of foreclosed assets | 0 | -11 |
| Increase in accrued interest receivable | 1,933 | 1,554 |
| Decrease (increase) in other assets | -1,409 | -25,106 |
| (decrease) increase in other liabilities | 6,421 | -60,357 |
| Net cash provided by operating activities | 98,034 | 275,282 |
| Net increase in loans | 181,555 | 419,566 |
| Purchases of loans | 0 | 321 |
| Proceeds from sales of foreclosed assets | 5,779 | 0 |
| Proceeds from maturities, calls and paydowns of held to maturity debt securities | 18,962 | 29,424 |
| Purchases of investment securities held to maturity | 2,566 | 10,928 |
| Proceeds from sales of available for sale debt securities | 0 | 1,670 |
| Proceeds from maturities, calls and paydowns of available for sale debt securities | 103,685 | 242,868 |
| Purchases of available for sale debt securities | 192,755 | 430,010 |
| Proceeds from redemption of federal home loan bank stock | 83,423 | 185,663 |
| Purchases of federal home loan bank stock | 75,953 | 199,917 |
| Cash received, net of cash consideration paid for acquisition | 0 | 0 |
| Boli claim benefits received | 0 | 906 |
| Proceeds from sales of premises and equipment | 0 | 2,348 |
| Purchases of premises and equipment | 1,326 | 5,348 |
| Net cash (used in) provided by investing activities | -242,306 | -603,211 |
| Net increase (decrease) in deposits | 387,720 | 84,711 |
| Increase in mortgage escrow deposits | -4,036 | 8,044 |
| Cash dividends paid to stockholders | 31,348 | 63,223 |
| Purchase of employee restricted shares to fund statutory tax withholding | 25 | 2,842 |
| Proceeds from subordinated debentures | 0 | 0 |
| Proceeds from long-term borrowings | 50,000 | 504,500 |
| Payments on long-term borrowings | 24,700 | 327,702 |
| Net decrease in short-term borrowings | -190,650 | 177,427 |
| Net cash provided by (used in) financing activities | 186,961 | 380,915 |
| Net increase in cash and cash equivalents | 42,689 | 52,986 |
| Cash and cash equivalents at beginning of period | 205,939 | - |
| Cash and cash equivalents at end of period | 301,614 | - |
PROVIDENT FINANCIAL SERVICES INC (PFS)
PROVIDENT FINANCIAL SERVICES INC (PFS)