pfs: the income statement

MyFinsight

PROVIDENT FINANCIAL SERVICES INC (PFS)

For the quarter ending 2025-06-30, PFS made $340,495K in revenue. $71,981K in net income. Net profit margin of 21.14%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense (benefit)	30,462
Insurance agency income	4,942
Net gain (loss) on securities transactions	-
Bank-owned life insurance	2,585
Wealth management income	6,948
Other income	1,864
Fees	10,736
Total non-interest income	27,075
Other operating expenses	14,488
Net occupancy expense	13,011
Advertising and promotion expense	1,429
Compensation and employee benefits	63,249
Data processing expense	9,599
Fdic insurance	3,341
Merger-related expenses	-
Amortization of intangibles	9,497
Total non-interest expense	114,614
Subordinated debt	8,487
Borrowed funds	24,470
Deposits	96,257
Total interest expense	129,214
Real estate secured loans	192,792
Available for sale debt securities, equity securities and federal home loan bank stock	31,444
Consumer loans	10,464
Commercial loans	78,854
Held to maturity debt securities	1,966
Due from banks, federal funds sold and other short-term investments	788
Total interest income	316,308
Net interest income	187,094
Provision (benefit) charge for credit losses	-2,888
Net interest income after provision for credit losses	189,982
Income (loss) before income tax expense	102,443
Net income (loss)	71,981

Basic earnings per share (in dollars per share)	0.55
Diluted earnings per share (in dollars per share)	0.55
Weighted average basic shares outstanding (in shares)	130,484,287
Weighted average diluted shares outstanding (in shares)	130,500,143

Unit: Thousand (K) dollars (except for numbers of shares and EPS)