Provident Financial Services, Inc. (PFS) Balance Sheet
PFS balance sheet, 2025
December 31, 2025 · U.S. dollars$24.98B assets = $22.15B liabilities + $2.83B equity
Both columns are drawn to the same scale: what PFS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PFS financial health
Descriptive bands, not a rating. Fiscal 2025.
PFS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.50B2016 | $24.98B2025 | +11.3%/yr | |
| Total liabilities | $8.25B2016 | $22.15B2025 | +11.6%/yr | |
| Shareholders’ equity | $1.25B2016 | $2.83B2025 | +9.5%/yr | |
| Cash & short-term investments | $1.18B2016 | $3.38B2025 | +12.3%/yr | |
| Total debt | $2.19B2016 | $2.52B2025 | +1.6%/yr | |
| Net cash (debt) | −$1.01B2016 | $857.7M2025 | +$1.9B | |
| Working capital | $2.08B2016 | −$15.94B2025 | −$18.0B | |
| Book value per share | $19.602016 | $21.712025 | +1.1%/yr | |
| Debt / equity | 1.752016 | 0.892025 | −0.86 | |
| Shares outstanding | 63.9M2016 | 130.5M2025 | +8.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PFS assets
PFS liabilities and equity
PFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PFS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.38B | $2.97B | $1.87B | $1.99B | $2.77B | $1.64B | $1.16B | $1.21B | $1.23B | $1.18B |
| Cash & equivalents | $211.5M | $205.9M | $180.3M | $186.5M | $712.5M | $532.4M | $186.7M | $142.7M | $190.8M | $144.3M |
| Short-term investments | $3.16B | $2.77B | $1.69B | $1.80B | $2.06B | $1.11B | $976.9M | $1.06B | $1.04B | $1.04B |
| Receivables | $95.8M | $91.2M | $59.0M | $51.9M | $42.0M | $46.5M | $29.0M | $31.5M | $29.6M | $27.1M |
| Inventory | $0 | $0 | $121.3M | −$263.9M | −$789.1M | −$602.7M | −$235.4M | $1.6M | $6.9M | $8.0M |
| Other current assets | $0 | $0 | $0 | $263.9M | $789.1M | $602.7M | $235.4M | $6.47B | $6.58B | $6.25B |
| Total current assets | $3.47B | $3.07B | $1.93B | $2.04B | $2.81B | $1.68B | $1.19B | $7.71B | $7.85B | $7.46B |
| Property, plant & equipment (net) | $113.3M | $119.6M | $71.0M | $79.8M | $80.6M | $75.9M | $55.2M | $58.1M | $63.2M | $84.1M |
| Goodwill & intangible assets | $1.41B | $819.2M | $457.9M | $460.9M | $464.2M | $466.2M | $857.6M | $829.8M | $831.9M | $834.5M |
| Long-term investments | $3.47B | $3.12B | $2.05B | $2.19B | $2.50B | $11.28B | $8.71B | $8.74B | $7.74B | $7.43B |
| Other non-current assets | $16.52B | $16.93B | $9.70B | $9.01B | $7.93B | $0 | $0 | $0 | $0 | $0 |
| Total assets | $24.98B | $24.05B | $14.21B | $13.78B | $13.78B | $12.92B | $9.81B | $9.73B | $9.85B | $9.50B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $10.56B | $11.23B | $9.84B | $7.10B | $6.83B | $6.71B | $6.55B |
| Short-term debt | $95.0M | $113.2M | $72.2M | $881.9M | $443.0M | $886.6M | $856.2M | $1.01B | $969.6M | $577.4M |
| Total current liabilities | $19.41B | $18.78B | $10.40B | $9.84B | $9.52B | $8.28B | $6.24B | $6.03B | $5.97B | $5.38B |
| Long-term debt | $2.52B | $401.6M | $10.7M | $1.35B | $637.1M | $1.18B | $1.13B | $1.44B | $1.74B | $1.61B |
| Other long-term liabilities | $215.0M | $2.27B | $2.11B | $10.84B | $0 | $25.1M | $0 | $0 | $0 | $0 |
| Total liabilities | $22.15B | $21.45B | $12.52B | $12.19B | $637.1M | $1.20B | $1.13B | $8.37B | $8.55B | $8.25B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.4M | $1.4M | $832,000 | $832,000 | $832,000 | $832,000 | $832,000 | $832,000 | $832,000 | $832,000 |
| Retained earnings (deficit) | $1.15B | $989.1M | $974.5M | $918.2M | $814.5M | $718.1M | $695.3M | $651.1M | $586.1M | $550.8M |
| Treasury stock | — | — | — | −$127.2M | −$79.6M | −$59.0M | −$268.5M | −$272.5M | −$259.9M | −$264.2M |
| Accumulated other comprehensive income | −$76.2M | −$135.4M | −$141.1M | −$165.0M | $6.9M | $17.7M | $3.8M | −$12.3M | −$7.5M | −$3.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.83B | $2.60B | $1.69B | $1.60B | $13.14B | $11.72B | $8.68B | $1.36B | $1.30B | $1.25B |
| Key figures | ||||||||||
| Total debt | $2.52B | $2.42B | $1.53B | $2.23B | $1.08B | $2.06B | $1.98B | $2.45B | $2.71B | $2.19B |
| Net cash (debt) | $857.7M | $552.8M | $339.6M | −$239.7M | $1.69B | −$424.7M | −$817.7M | −$1.24B | −$1.48B | −$1.01B |
| Working capital | −$15.94B | −$15.71B | −$8.47B | −$7.80B | −$6.71B | −$6.60B | −$5.05B | $1.67B | $1.88B | $2.08B |
| Tangible book value | $1.43B | $1.78B | $1.23B | $1.14B | $12.68B | $11.25B | $7.83B | $529.2M | $466.8M | $417.2M |
| Book value per share | $21.71 | $23.71 | $22.58 | $21.36 | $171.68 | $168.31 | $134.14 | $20.87 | $20.11 | $19.60 |
| Shares outstanding | 130.5M | 109.7M | 74.9M | 74.8M | 76.6M | 69.6M | 64.7M | 65.1M | 64.6M | 63.9M |
| Current ratio | 0.18 | 0.16 | 0.19 | 0.21 | 0.30 | 0.20 | 0.19 | 1.28 | 1.32 | 1.39 |
| Quick ratio | 0.18 | 0.16 | 0.19 | 0.21 | 0.30 | 0.20 | 0.19 | 0.21 | 0.21 | 0.23 |
| Debt / equity | 0.89 | 0.93 | 0.91 | 1.40 | 0.08 | 0.18 | 0.23 | 1.80 | 2.09 | 1.75 |
| Equity / assets | 11.3% | 10.8% | 11.9% | 11.6% | 95.4% | 90.7% | 88.5% | 14.0% | 13.2% | 13.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.51B | $3.46B | $3.38B | $3.44B | $3.28B | $3.11B | $2.97B | $244.1M | $2.92B | $1.82B | $1.87B | $1.85B |
| Cash & equivalents | $228.3M | $222.1M | $211.5M | $301.6M | $258.9M | $234.1M | $205.9M | $244.1M | $290.5M | $158.4M | $180.3M | $189.3M |
| Short-term investments | $3.29B | $3.24B | $3.16B | $3.14B | $3.02B | $2.88B | $2.77B | $25,000 | $2.63B | $1.67B | $1.69B | $1.66B |
| Receivables | $98.1M | $97.7M | $95.8M | $94.6M | $92.7M | $91.8M | $91.2M | $89.9M | $93.8M | $58.7M | $59.0M | $55.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$343.8M | $196.7M | −$217.0M | $121.3M | −$261.5M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $343.8M | $0 | $217.0M | $0 | $261.5M |
| Total current assets | $3.61B | $3.56B | $3.47B | $3.54B | $3.37B | $3.20B | $3.07B | $334.0M | $3.01B | $1.88B | $1.93B | $1.90B |
| Property, plant & equipment (net) | $112.2M | $110.4M | $113.3M | $113.1M | $115.7M | $115.4M | $119.6M | $190.4M | $127.4M | $69.5M | $71.0M | $71.5M |
| Goodwill & intangible assets | $765.0M | $773.6M | $1.41B | $790.7M | $1.60B | $809.7M | $819.2M | $839.2M | $851.5M | $457.2M | $457.9M | $458.7M |
| Long-term investments | $3.57B | $3.53B | $3.47B | $3.45B | $3.35B | $3.21B | $0 | $0 | $3.00B | $2.02B | $2.05B | $2.03B |
| Other non-current assets | $17.60B | $17.23B | $16.52B | $16.94B | $16.11B | $16.88B | $20.05B | $22.68B | $17.08B | $9.70B | $9.70B | $9.63B |
| Total assets | $25.66B | $25.20B | $24.98B | $24.83B | $24.55B | $24.22B | $24.05B | $24.04B | $24.07B | $14.13B | $14.21B | $14.09B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $10.14B |
| Short-term debt | $1.97B | $95.1M | $95.0M | $102.1M | $98.5M | $114.1M | $113.2M | $1.55B | $108.3M | $89.2M | $72.2M | $1.22B |
| Total current liabilities | — | $19.24B | $19.41B | $19.24B | $18.86B | $18.61B | $18.78B | $13.55B | $18.51B | $10.23B | $10.40B | $9.09B |
| Long-term debt | $2.73B | $2.80B | $2.52B | $405.3M | $2.78B | $402.9M | $401.6M | $414.2M | $2.06B | $1.43B | $1.46B | $2.03B |
| Other long-term liabilities | $20.02B | $299.4M | $215.0M | $2.42B | $203.6M | $2.55B | $2.27B | $21.01B | $946.1M | $774.1M | $660.1M | $0 |
| Total liabilities | $22.76B | $22.34B | $22.15B | $22.07B | $21.84B | $21.57B | $21.45B | $21.42B | $21.51B | $12.44B | $12.52B | $2.03B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $832,000 | $832,000 | $832,000 |
| Retained earnings (deficit) | $1.25B | $1.20B | $1.15B | $1.10B | $1.06B | $1.02B | $989.1M | $973.0M | $958.0M | $988.5M | $974.5M | $964.8M |
| Accumulated other comprehensive income | −$91.9M | −$86.4M | −$76.2M | −$87.2M | −$103.8M | −$110.2M | −$135.4M | −$93.0M | −$140.0M | −$151.6M | −$141.1M | −$195.1M |
| Total shareholders' equity | $2.91B | $2.86B | $2.83B | $2.77B | $2.71B | $2.66B | $2.60B | $2.62B | $2.56B | $1.70B | $1.69B | $1.62B |
| Key figures | ||||||||||||
| Total debt | $4.79B | $2.89B | $2.52B | $2.61B | $2.78B | $2.74B | $2.42B | $1.08B | $2.16B | $1.52B | $1.53B | $3.25B |
| Net cash (debt) | −$1.28B | $571.3M | $857.7M | $828.3M | $500.0M | $377.0M | $552.8M | −$834.6M | $752.5M | $305.8M | $339.6M | −$1.40B |
| Working capital | — | −$15.68B | −$15.94B | −$15.71B | −$15.49B | −$15.41B | −$15.71B | −$13.21B | −$15.50B | −$8.35B | −$8.47B | −$7.19B |
| Tangible book value | $2.14B | $2.09B | $1.43B | $1.98B | $1.11B | $1.85B | $1.78B | $1.78B | $1.70B | $1.24B | $1.23B | $1.16B |
| Book value per share | $22.29 | $21.92 | $21.70 | $21.21 | $20.76 | $20.39 | $19.98 | $20.16 | $24.82 | $22.52 | $22.53 | $21.66 |
| Shares outstanding | 130.4M | 130.6M | 130.6M | 130.5M | 130.4M | 130.4M | 130.2M | 130.0M | 103.0M | 75.3M | 75.0M | 74.9M |
| Current ratio | — | 0.18 | 0.18 | 0.18 | 0.18 | 0.17 | 0.16 | 0.02 | 0.16 | 0.18 | 0.19 | 0.21 |
| Quick ratio | — | 0.18 | 0.18 | 0.18 | 0.18 | 0.17 | 0.16 | 0.02 | 0.16 | 0.18 | 0.19 | 0.21 |
| Debt / equity | 1.65 | 1.01 | 0.89 | 0.94 | 1.03 | 1.03 | 0.93 | 0.41 | 0.85 | 0.90 | 0.91 | 2.00 |
| Equity / assets | 11.3% | 11.4% | 11.3% | 11.1% | 11.0% | 11.0% | 10.8% | 10.9% | 10.6% | 12.0% | 11.9% | 11.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
PFS financial position
At the end of fiscal 2025 (December 31, 2025), Provident Financial Services had total assets of $25.0 billion (up 3.9% from a year earlier), total liabilities of $22.1 billion and shareholders' equity of $2.8 billion. It held $3.4 billion in cash and short-term investments against $2.5 billion of debt, a net cash position of $857.7 million. Its current ratio was 0.18. In the latest quarter (ended June 30, 2026) total assets were $25.7 billion and equity $2.9 billion.
Related: PFS income statement, PFS cash flow statement, PFS key metrics. See the PFS stock overview for the latest quote and news.
PFS balance sheet FAQ
What are Provident Financial Services's total assets?
Provident Financial Services reported total assets of $25.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $24.1 billion a year earlier.
How much debt does Provident Financial Services have?
Provident Financial Services had $2.5 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.89.
How much cash does Provident Financial Services have?
Provident Financial Services held $3.4 billion in cash and short-term investments at the end of fiscal 2025; with $2.5 billion of debt that is net cash of $857.7 million.
What is Provident Financial Services's book value?
Provident Financial Services's shareholders' equity (book value) was $2.8 billion at the end of fiscal 2025, or $21.71 per share.
What is Provident Financial Services's current ratio?
Provident Financial Services had current assets of $3.5 billion and current liabilities of $19.4 billion, a current ratio of 0.18 (current liabilities exceed current assets).
How much goodwill does Provident Financial Services have?
Provident Financial Services carried $1.4 billion of goodwill and intangible assets, 5.6% of total assets, at the end of fiscal 2025.