Provident Bank
Jersey City, New Jersey, Hudson County
$25.7B in total assets, the 87th largest of 4,309 US banks and 2nd of 50 headquartered in New Jersey.
- FDIC certificate
- 12010
- Established
- 1839
- Owned by
- Provident Finl Services Inc
- Primary regulator
- FDIC
- Website
- http://www.provident.Bank
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $25.7B | 59% | $22.4B | |
| Loans | $20.1B | 66% | $14.4B | |
| Deposits | $19.6B | 54% | $18.0B | |
| Return on assets | 1.32% | 56% | 1.29% | |
| Net interest margin | 3.57% | 47% | 3.62% | |
| Efficiency ratio | 45.7% | 18% | 55.2% | |
| Equity to assets | 12.59% | 69% | 11.57% | |
| Loans to deposits | 102% | 90% | 87% |
Growth
Total assets grew 14.2% a year over the last 5 years and 10.8% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2024 | Lakeland Bank Newfoundland, NJ | $11.0B |
| Jul 2020 | SB One Bank Franklin, NJ | $2.2B |
| May 2014 | Team Capital Bank Bethlehem, PA | $949M |
| Apr 2007 | First Morris Bank and Trust Morris Township, NJ | $564M |
| Jul 2004 | First Savings Bank Woodbridge, NJ | $2.2B |
| Dec 1998 | Monarch Bank, FSB Kearny, NJ | $155M |
| Mar 1995 | Carteret Savings Bank, FA Newark, NJ | n/a |
| Aug 1991 | Mutual Aid Federal Savings and Loan Association Manasquan, NJ | $53M |
| Jul 1991 | Suburban National Bank Hillsborough, NJ | $91M |
| Feb 1983 | Bloomfield Savings Bank Bloomfield, NJ | n/a |
| Dec 1977 | The First National Bank of Dunellen Dunellen, NJ | n/a |
Where they operate
138 branches in 20 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Middlesex County, NJ | $4.5B | 8.0% | 3 of 41 |
| Morris County, NJ | $2.7B | 9.5% | 4 of 28 |
| Sussex County, NJ | $2.1B | 45.6% | 1 of 8 |
| Bergen County, NJ | $1.9B | 2.7% | 11 of 45 |
| Passaic County, NJ | $1.4B | 5.3% | 5 of 19 |
| Hudson County, NJ | $1.2B | 2.5% | 8 of 29 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 49 branches since 2016 (89 to 138, +55.1%). 5 opened, 84 acquired, 40 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 89 | |||
| 2016 | Sold 1 branch to OceanFirst Bank, National AssociationClosed Doylestown | 0 | 2 | −2 | 87 |
| 2017 | Opened DoylestownClosed East Brunswick and Far Hills | 1 | 2 | −1 | 86 |
| 2019 | Closed West New York | 0 | 1 | −1 | 85 |
| 2020 | Acquired SB One BankOpened Brick and Wyckoff, closed Brick | 17 | 1 | +16 | 101 |
| 2021 | Closed 3 in New Jersey | 0 | 3 | −3 | 98 |
| 2022 | Opened RoslynClosed Jersey City and Rochelle Park | 1 | 2 | −1 | 97 |
| 2023 | Closed Middletown | 0 | 1 | −1 | 96 |
| 2024 | Acquired Lakeland BankClosed 22 in New Jersey | 69 | 22 | +47 | 143 |
| 2025 | Opened Newark | 1 | 0 | +1 | 144 |
| 2026 through Q2 | Closed 6 in New Jersey | 0 | 6 | −6 | 138 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 51% | 25% | |
| Multifamily | 19% | 8% | |
| 1-4 family residential | 14% | 21% | |
| Business (C&I) | 10% | 17% | |
| Construction and land | 4% | 6% | |
| Consumer | 1% | 10% | |
| Other | 2% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 62% | 62% | |
| Noninterest-bearing | 20% | 20% | |
| Time deposits | 18% | 18% |
Brokered deposits are 6.5% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.55% | 0.63% |
| Net charge-offs, annualized | 0.05% | 0.14% |
| Reserves to loans | 0.92% | 1.15% |
| Leverage ratio | 10.53% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New Jersey
Largest competitors in Middlesex County, NJ
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/provident