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Parent-only Financial Information
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent-only Financial Information Parent-only Financial Information
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, 2025December 31, 2024
Assets
Cash and due from banks$3,463 47,677 
Available for sale debt securities, at fair value1,293 1,241 
Investment in subsidiary3,165,570 2,883,062 
Due from subsidiary—SAP50,916 61,836 
Other assets22,724 13,382 
Total assets$3,243,966 3,007,198 
Liabilities and Stockholders’ Equity
Other liabilities4,172 4,383 
Subordinated Debentures406,582 401,608 
Total stockholders’ equity2,833,212 2,601,207 
Total liabilities and stockholders’ equity$3,243,966 3,007,198 
Condensed Statements of Operations
(Dollars in Thousands)
 For the Years Ended December 31,
 202520242023
Dividends from subsidiary$102,100 105,406 61,213 
Interest income120 324 529 
Investment gain167 157 169 
Total income102,387 105,887 61,911 
Interest expense on subordinated debentures33,452 22,478 1,051 
Non-interest expense1,931 2,156 2,200 
Total expense35,383 24,634 3,251 
Income before income tax expense67,004 81,253 58,660 
Income tax (benefit) expense(11,287)— 247 
Income before undistributed net income of subsidiary78,291 81,253 58,413 
Earnings in excess of dividends (equity in undistributed net income) of subsidiary212,869 34,272 69,985 
Net income$291,160 115,525 128,398 
 
Condensed Statements of Cash Flows
(Dollars in Thousands)
 For the Years Ended December 31,
 202520242023
Cash flows from operating activities:
Net income$291,160 115,525 128,398 
Adjustments to reconcile net income to net cash provided by operating activities
Earnings in excess of dividends (equity in undistributed net income) of subsidiary(212,869)(34,272)(69,985)
ESOP allocation— 2,601 3,086 
SAP allocation10,437 9,517 7,569 
Stock option allocation17 77 144 
(Increase) decrease in due from subsidiary—SAP10,920 (33,159)5,762 
Increase (decrease) in other assets(14,887)30,364 (11,317)
Decrease (increase) in other liabilities(211)4,216 (45)
Net cash provided by (used in) operating activities84,567 94,869 63,612 
Cash flows from investing activities:
Cash received, net of cash consideration paid for acquisition— — — 
Net decrease in ESOP loan— 6,411 6,817 
Net cash provided by investing activities— 6,411 6,817 
Cash flows from financing activities:
Purchases of treasury stock— — — 
Purchase of employee restricted shares to fund statutory tax withholding(2,874)(1,323)(1,678)
Cash dividends paid(125,907)(100,956)(72,447)
Reclassification of stock award shares— 40,728 — 
Shares issued dividend reinvestment plan— — — 
Stock options exercised— — 790 
Net cash used in financing activities(128,781)(61,551)(73,335)
Net increase (decrease) in cash and cash equivalents(44,214)39,729 (2,906)
Cash and cash equivalents at beginning of period47,677 7,948 10,854 
Cash and cash equivalents at end of period$3,463 47,677 7,948