Provident Bank
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Data as of · sourced from FFIEC call reports. How we update
Provident Bank is an FDIC-insured savings bank headquartered in Jersey City, NJ, established in 1839 (FDIC certificate 12010), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $25.65B, up 4.5% from Q2 2025, the 2nd largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 12.09% at Q2 2026, above regulatory requirements.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 12010
- Headquarters
- Jersey City, NJ
- Established
- 1839
- Total assets, Q2 2026
- $25.65B
- Assets vs Q2 2025
- +4.5%
- CET1 ratio, Q2 2026
- 12.09%
- Domestic offices
- 139 FDIC institution directory, current count
- Routing number
- 221272303
- Latest call report
- Q2 2026, FFIEC 041 · Provident Bank call report
- Holding company
- PROVIDENT FINANCIAL SERVICES, INC.
- Asset rank in state
- 2nd of 49 in New Jersey
Provident Bank, based in Jersey City, New Jersey, reported $25.7 billion in assets at June 30, 2026, up 4.5% from a year earlier. It holds about half of its deposits (54%) above the FDIC insurance limit, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 38.6%). It also holds commercial real estate loans worth 4.3 times its capital, about double the median of 2.2 times for banks its size.
Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.68% of loans from 0.53% a year earlier. Where it has less room is capital: it holds common equity equal to 12.09% of its risk-weighted assets, lower than about three-quarters of banks its size (median 12.98%).
As of June 30, 2026, Provident Bank reported a CET1 capital ratio of 12.09%, a return on assets of 1.33%, a nonperforming-loan ratio of 0.68% and a Texas ratio of 5.19%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Provident Bank is the 2nd largest of the 49 banks headquartered in New Jersey. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.8% to $25.65B, loans rose 2.0% and deposits rose 2.4%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 36.1% of total loans, followed by multifamily loans at 19.0%. Its 138 offices in the FDIC Summary of Deposits are in 120 cities across 3 states; its Iselin 2 offices book 9% of its branch deposits. On its Q2 2026 call report, Provident Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 239 Washington St, Jersey City, NJ 07302
- County
- Hudson
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- February 28, 1839
- Former names
- The Provident Bank (2000-2016); Provident Savings Bank (1970-2000)
- Domestic offices
- 139 FDIC institution directory, current count
- Employees (FTE)
- 1,842
- Domestic deposits
- $19.61B
- Allowance for credit losses
- $184.7M
- Net charge-offs (YTD)
- $5.0M
- Average total assets
- $25.39B
- Average total loans
- $19.74B
- Average interest-bearing deposits
- $15.51B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 12010
- Fed RSSD
- 204004
- SEC CIK
- 1178970 → filed by PROVIDENT FINANCIAL SERVICES, INC.
- Website
- http://www.provident.Bank →
- Parent Holding Company
- PROVIDENT FINANCIAL SERVICES, INC. (RSSD 3133637) · PFS
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Anthony J Labozzetta | CEO | President and CEO |
| Christopher P Martin | CHR | Executive Chairman |
| Thomas M Lyons | CFO | SEVP and CFO |
| James A. Christy | CRO | EVP, CRO of Provident Bank |
| Bennett Macdougall | GC | EVP, General Counsel, Sec |
| James M. Nigro | CCO | EVP and Chief Credit Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Provident Bank's total assets moved between a low of $14.08B (Q3 2023) and a high of $25.65B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$25.65B total assets against $24.55B; $22.42B total liabilities against $21.51B.
$19.87B net loans and leases against $18.92B; $19.61B total deposits against $18.77B.
$3.57B securities against $3.35B; $228.3M cash and balances due against $258.9M.
$326.6M total interest income against $316.3M; $115.5M total interest expense against $120.7M.
$211.0M net interest income against $195.6M.
$32.2M total noninterest income against $27.0M; $118.6M total noninterest expense against $113.9M.
$9.3M provision for credit losses against -$2.9M.
$84.4M net income against $80.9M.
1.33% return on assets against 1.32%; 3.60% net interest margin against 3.45%.
12.09% CET1 capital ratio against 11.81%; 10.53% tier 1 leverage ratio against 10.12%.
Inside the full Provident Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Provident Bank rankings
Its closest position to the top of a national ranking is 83 of 4,196, for total assets; its furthest is 1,674 of 2,134, for CET1 ratio.
Metric pages for Provident Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.92% (Q3 2024) to 1.37% (Q1 2026) and its net interest margin ran from 3.43% (Q1 2025) to 3.60% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.09% | 1.33% | 0.68% | 5.19% | 3.60% |
| Q1 2026 | 12.26% | 1.37% | 0.70% | 5.35% | 3.48% |
| Q4 2025 | 12.15% | 1.34% | 0.37% | 2.92% | 3.56% |
| Q3 2025 | 11.90% | 1.27% | 0.49% | 3.88% | 3.57% |
| Q2 2025 | 11.81% | 1.32% | 0.53% | 4.24% | 3.45% |
| Q1 2025 | 11.63% | 1.20% | 0.54% | 4.58% | 3.43% |
| Q4 2024 | 11.45% | 0.96% | 0.38% | 3.59% | 3.46% |
| Q3 2024 | 11.51% | 0.92% | 0.48% | 4.32% | 3.48% |
Swipe the table sideways to see every column.
Branch Network
View all 138 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Metropark Admin Office | Iselin , NJ | 08830 | $1.71B |
| Hampton Branch | Newton , NJ | 07860 | $424.8M |
| Montville Branch | Montville , NJ | 07045 | $294.0M |
| Wyckoff Branch | Wyckoff , NJ | 07481 | $280.3M |
| Little Falls Branch | Little Falls , NJ | 07424 | $272.2M |
| Teaneck Branch | Teaneck , NJ | 07666 | $269.5M |
| Hooper Avenue Branch | Toms River , NJ | 08753 | $265.8M |
| Wantage Branch | Sussex , NJ | 07461 | $260.5M |
| Wayne Office | Wayne , NJ | 07470 | $255.2M |
| Denville Branch | Denville , NJ | 07834 | $253.7M |
| Sparta Town Center Office | Sparta , NJ | 07871 | $251.8M |
| Highland Mills Branch Office | Highland Mills , NY | 10930 | $247.5M |
| Jackson Branch | Jackson , NJ | 08527 | $244.9M |
| Maywood Br | Maywood , NJ | 07607 | $236.8M |
| Greenville Branch | Jersey City , NJ | 07305 | $232.6M |
| Parsippany Branch | Parsippany , NJ | 07054 | $231.5M |
| Mendham Branch | Mendham , NJ | 07945 | $223.6M |
| Cranbury South Branch | Cranbury , NJ | 08512 | $223.4M |
| Astoria Branch | Astoria , NY | 11102 | $222.8M |
| Woodbridge | Woodbridge , NJ | 07095 | $217.9M |
| Edison Branch | Edison , NJ | 08837 | $217.5M |
| North Park Place Branch | Morristown , NJ | 07960 | $215.5M |
| Butler Branch | Butler , NJ | 07405 | $214.8M |
| Madison Branch | Madison , NJ | 07940 | $213.6M |
| Totowa Branch | Totowa , NJ | 07512 | $213.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 16, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 16, 2024 | Structure Change | Acquired Lakeland Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 1, 2020 | Structure Change | Acquired SB One Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 31, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 31, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 31, 2014 | Structure Change | Acquired Team Capital Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2007 | Structure Change | Acquired First Morris Bank and Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 2004 | Structure Change | Acquired First Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 24, 2001 | Delisting | deregistration | SEC |
| January 28, 2000 | Delisting | deregistration | SEC |
| December 24, 1998 | Structure Change | Acquired Monarch Bank, FSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 23, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 11, 1995 | Structure Change | Acquired Carteret Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 17, 1991 | Structure Change | Acquired Mutual Aid Federal Savings and Loan Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 16, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 27, 1991 | Structure Change | Acquired Suburban National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 26, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 19, 1983 | Structure Change | Acquired Bloomfield Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 19, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 1977 | Structure Change | Acquired The First National Bank of Dunellen Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 30, 1977 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 23 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- November 25, 2003, Federal Reserve: Civil Money Penalty $34,100: Provident Bank, Cincinnati, OH
- Period: Most recent institution action November 25, 2003. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 4.1% of deposits in NJ, rank 7 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,441 applications, 1,294 loans originated, $987.6M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 54 loans, $62.9M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Provident Bank
What are Provident Bank's total assets?
As of the Q2 2026 filing, Provident Bank reported total assets of $25.65 billion in its FFIEC call report.
Where is Provident Bank headquartered?
It is headquartered in Jersey City, NJ, United States.
When was Provident Bank founded?
It was established in 1839, per the FDIC institution directory.
Is Provident Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #12010). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Provident Bank?
Provident Bank's primary federal regulator is the FDIC.
What is Provident Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.09% in its Q2 2026 call report, above regulatory requirements.
How many branches does Provident Bank operate?
It operates 139 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Provident Bank's Texas Ratio?
Its Texas Ratio is 5.19% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Provident Bank previously called?
The charter now named Provident Bank has also operated as The Provident Bank (2000-2016), Provident Savings Bank (1970-2000), per FDIC structure-change records.
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