Filing Flows › Provident Financial Services (PFS) › Guidance & outlook
Provident Financial Services (PFS) guidance and outlook
Provident Financial Services' 10-Q filed Nov 6, 2026 makes 20 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 6, 2026
- The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio.
- Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast.
- Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast.
- This forecast is applied over a period that management has determined to be reasonable and supportable.
- Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology.
- The Company's current forecast period is six quarters, with a four-quarter reversion period to historical average macroeconomic factors.
- The Company's economic forecast is approved by the Company's ACL Committee.
- The contractual term excludes expected extensions, renewals and modifications unless either of the following applies at the reporting date: management has a reasonable expectation that a modification will be executed with an individual borrower; or when an extension or renewal option is included in the original contract and is not unconditionally cancellable by the Company.
- Qualitative factors are based on portfolio concentration levels, model imprecision, changes in industry conditions, changes in the Company’s loan review process, changes in the Company’s loan policies and procedures, and economic forecast uncertainty.
- One of the most significant judgments involved in estimating the Company’s allowance for credit losses on loans relates to the macroeconomic forecasts used to estimate expected credit losses over the forecast period.
- Management believes the allowance for credit losses accurately represents the estimated inherent losses, factoring in the qualitative adjustment and other assumptions, including the selection of the baseline forecast within the model.
- For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the fair value of the collateral less any selling costs.
Provident Financial Services' latest quarter
Provident Financial Services, Q3 2026: revenue $239M (+8% year over year), operating margin 38.8%, net earnings $69.2M, operating cash flow $56.2M. The chart follows the revenue to costs, profit and cash.
Questions
What does Provident Financial Services expect?
The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.