Filing Flows › Provident Financial Services (PFS) › Q1 2025
Provident Financial Services (PFS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Provident Financial Services (PFS) reported revenue of $209M for the first quarter 2025 (Q1 2025), +82% from a year earlier and +1% from the quarter before. Operating margin was 44.0%, net earnings $64.0M (30.7% of revenue).
Provident Financial Services, Q1 2025: revenue $209M (+82% year over year), operating margin 44.0%, net earnings $64.0M, operating cash flow $88.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +1% | +82% |
| Operating profit | $91.9M | +46% | +114% |
| Net earnings | $64.0M | +32% | +100% |
| Operating cash flow | $88.5M | -63% | +114% |
| Free cash flow | $87.4M | -64% | +114% |
What changed
Revenue was $208.8M in Q1 2025, up 82% year over year and up 1% from the previous quarter.
Operating profit was $91.9M, a 44.0% margin (up 6.5 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 38% margin then. Total costs grew 63% against revenue growth of 82%. Net earnings were $64.0M, up 100% year over year. The effective tax rate was 30.3%.
Operating cash flow was $88.5M (up 114% year over year), 138% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization. Working capital and other items added $11.3M. Capital expenditures of $1.1M left free cash flow of $87.4M.
Questions
What was Provident Financial Services' revenue in the first quarter 2025?
Provident Financial Services (PFS) reported revenue of $209M for the first quarter 2025 (Q1 2025), +82% from a year earlier and +1% from the quarter before.
Was Provident Financial Services profitable in the first quarter 2025?
Operating profit was $91.9M (44.0% of revenue) and net earnings $64.0M.