PROVIDENT FINANCIAL SERVICES INC Earnings Per Share Disclosure
| For the Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||
| Net income | $ | 291,160 | 115,525 | 128,398 | |||||||||||||
| Basic weighted average common shares outstanding | 130,462,418 | 109,668,911 | 74,844,489 | ||||||||||||||
| Plus: | |||||||||||||||||
| Dilutive shares | 44,652 | 43,821 | 28,767 | ||||||||||||||
| Diluted weighted average common shares outstanding | 130,507,070 | 109,712,732 | 74,873,256 | ||||||||||||||
| Earnings per share: | |||||||||||||||||
| Basic | $ | 2.23 | 1.05 | 1.72 | |||||||||||||
| Diluted | $ | 2.23 | 1.05 | 1.71 | |||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.