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Parent-only Financial Information (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Statements of Financial Condition
The condensed financial statements of Provident Financial Services, Inc. (parent company only) are presented below:
Condensed Statements of Financial Condition
(Dollars in Thousands)

December 31, 2024December 31, 2023
Assets
Cash and due from banks$47,677 7,948 
Available for sale debt securities, at fair value1,241 1,084 
Investment in subsidiary2,883,062 1,652,767 
Due from subsidiary—SAP61,836 28,677 
ESOP loan— 6,411 
Other assets13,382 4,571 
Total assets$3,007,198 1,701,458 
Liabilities and Stockholders’ Equity
Other liabilities4,383 167 
Subordinated Debentures401,608 10,695 
Total stockholders’ equity2,601,207 1,690,596 
Total liabilities and stockholders’ equity$3,007,198 1,701,458 
Schedule of Condensed Statements of Operations
Condensed Statements of Operations
(Dollars in Thousands)
 For the Years Ended December 31,
 202420232022
Dividends from subsidiary$105,406 61,213 109,013 
Interest income324 529 785 
Investment gain157 169 178 
Total income105,887 61,911 109,976 
Interest expense on subordinated debentures22,478 1,051 615 
Non-interest expense2,156 2,200 1,451 
Total expense24,634 3,251 2,066 
Income before income tax expense81,253 58,660 107,910 
Income tax expense— 247 — 
Income before undistributed net income of subsidiary81,253 58,413 107,910 
Earnings in excess of dividends (equity in undistributed net income) of subsidiary34,272 69,985 67,738 
Net income$115,525 128,398 175,648 
Schedule of Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
(Dollars in Thousands)
 For the Years Ended December 31,
 202420232022
Cash flows from operating activities:
Net income$115,525 128,398 175,648 
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary(34,272)(69,985)(67,738)
ESOP allocation2,601 3,086 4,140 
SAP allocation9,517 7,569 9,407 
Stock option allocation77 144 198 
(Increase) decrease in due from subsidiary—SAP(33,159)5,762 3,847 
Increase (decrease) in other assets30,364 (11,317)(13,817)
Decrease (increase) in other liabilities4,216 (45)(142)
Net cash provided by (used in) operating activities94,869 63,612 111,543 
Cash flows from investing activities:
Cash received, net of cash consideration paid for acquisition— — — 
Net decrease in ESOP loan6,411 6,817 6,387 
Net cash provided by investing activities6,411 6,817 6,387 
Cash flows from financing activities:
Purchases of treasury stock— — (46,530)
Purchase of employee restricted shares to fund statutory tax withholding(1,323)(1,678)(1,021)
Cash dividends paid(100,956)(72,447)(72,023)
Reclassification of stock award shares40,728 — — 
Shares issued dividend reinvestment plan— — — 
Stock options exercised— 790 — 
Net cash used in financing activities(61,551)(73,335)(119,574)
Net increase (decrease) in cash and cash equivalents39,729 (2,906)(1,644)
Cash and cash equivalents at beginning of period7,948 10,854 12,498 
Cash and cash equivalents at end of period$47,677 7,948 10,854