For the year ending 2025-12-31, PFS had $5,545K increase in cash & cash equivalents over the period. $430,725K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net interest income after provision for credit losses | 756,984 |
| Wealth management income | 29,252 |
| Insurance agency income | 18,299 |
| Other non-interest income | 62,285 |
| Total non-interest income | 109,836 |
| Compensation and employee benefits | 253,133 |
| Net occupancy expense | 52,789 |
| Data processing expense | 37,415 |
| Other non interest expense | 115,326 |
| Total non-interest expense | 458,663 |
| Income tax expense | 116,997 |
| Net income | 291,160 |
| Depreciation and amortization expense | 51,317 |
| Provision charge for credit losses on loans and securities | 4,126 |
| Provision (benefit) charge for credit losses on off-balance sheet credit exposures | -545 |
| Deferred tax expense (benefit) | 24,461 |
| Amortization of operating lease right-of-use assets | 14,195 |
| Income on bank-owned life insurance | 10,130 |
| Net amortization of premiums and discounts on securities | -16,690 |
| Accretion of net deferred loan fees | 7,072 |
| Amortization of premiums on purchased loans, net | 275 |
| Originations of loans held for sale | 86,023 |
| Loans transferred to held for sale | 0 |
| Proceeds from sales of loans held for sale | 208,943 |
| Esop expense | 0 |
| Allocation of stock award shares | 10,437 |
| Allocation of stock options | 17 |
| Net gain on sale of loans | 3,868 |
| Net (gain) loss on securities transactions | 843 |
| Net (gain) loss on sale of premises and equipment | 681 |
| Net loss (gain) on sale of foreclosed assets | -11 |
| Increase in accrued interest receivable | 4,638 |
| (increase) decrease in other assets | 13,078 |
| (decrease) increase in other liabilities | -52,490 |
| Net cash provided by operating activities | 442,264 |
| Net increase in loans | 817,673 |
| Purchases of loans | 321 |
| Proceeds from sales of loans held for investment | 0 |
| Proceeds from sales of foreclosed assets | 5,779 |
| Proceeds from maturities, calls and paydowns of investment securities held to maturity | 59,999 |
| Purchases of investment securities held to maturity | 15,277 |
| Proceeds from sales of securities available for sale | 1,670 |
| Proceeds from maturities calls and paydowns of securities available for sale | 511,763 |
| Purchases of available for sale debt securities | 787,069 |
| Proceeds from redemption of federal home loan bank stock | 379,370 |
| Purchases of federal home loan bank stock | 382,290 |
| Cash received, net of cash consideration paid for acquisition | 0 |
| Boli claim benefits received | 906 |
| Proceeds from sales of premises and equipment | 2,348 |
| Purchases of premises and equipment | 11,539 |
| Net cash (used in) provided by investing activities | -1,052,334 |
| Net increase (decrease) in deposits | 654,870 |
| (decrease) increase in mortgage escrow deposits | -1,994 |
| Purchase of treasury stock | 0 |
| Purchase of employee restricted shares to fund statutory tax withholding | 2,874 |
| Cash dividends paid to stockholders | 125,907 |
| Stock options exercised | 0 |
| Proceeds from long-term borrowings | 150,000 |
| Repayments of long-term borrowings | 352,362 |
| Net increase (decrease) in short-term borrowings | 293,882 |
| Proceeds from subordinated debentures | 0 |
| Net cash provided by (used in) financing activities | 615,615 |
| Net increase (decrease) in cash and cash equivalents | 5,545 |
PROVIDENT FINANCIAL SERVICES INC (PFS)
PROVIDENT FINANCIAL SERVICES INC (PFS)