Provident Financial Services, Inc. (PFS)

Environment story

Provident Financial Services discloses minimal environmental data and lacks explicit climate commitments. As a regional bank with $24.98 billion in assets, PFS does not publicly disclose Scope 1, Scope 2, or Scope 3 emissions. The 10-K acknowledges climate change risk and notes regulatory expectations regarding climate risk management but provides no quantified decarbonization targets, net-zero commitment date, renewable energy percentage, or physical decarbonization infrastructure investments. The company's heavy concentration in commercial real estate lending (60.71% of loans as of Dec 31, 2025) creates indirect climate exposure through financed assets, but PFS does not disclose climate risk assessment or decarbonization criteria for lending. No major environmental controversies, toxic waste issues, or habitat destruction allegations are documented in the filing. The environmental score reflects material gaps in disclosure and strategic commitment rather than documented violations.

Social story

Provident Financial Services demonstrates moderate social performance with notable compliance obligations from a prior fair lending settlement. The company inherited a DOJ Consent Order (resolved in 2022 by predecessor Lakeland Bank) requiring $12 million in loan subsidies and community development investments over five years in majority-Black and Hispanic census tracts in the Newark, NJ area. PFS assumes all obligations under this consent order post-merger. The 10-K does not disclose CEO-to-median-worker pay ratio, executive compensation details, workforce diversity metrics (gender or racial), turnover rates, or union standing. No documented labor disputes, strikes, NLRB complaints, or union-suppression activities are reported in the filing. Supply-chain human-rights audits are not mentioned. The company operates primarily in New Jersey, Pennsylvania, and New York with no disclosed exposure to conflict minerals or high-risk geographies. The fair lending settlement obligation and lack of diversity disclosure create a mixed social profile.

Governance story

Provident Financial Services exhibits moderate governance standards with regulatory capital adequacy and no documented antitrust or major fraud proceedings. The company operates with a single share class (no dual-class voting structure identified in the filing). Board independence percentage is not explicitly disclosed in the 10-K; governance structure details are limited. PFS is subject to heightened regulatory scrutiny as a bank with $24.98 billion in assets, exceeding the $10 billion threshold triggering Dodd-Frank requirements and CFPB examination authority. The company faces ongoing fair lending and CRE concentration oversight; as of Dec 31, 2025, CRE loans equaled 432.1% of total risk-based capital, well above the 300% threshold triggering elevated supervisory scrutiny. No lobbying expenditures targeting climate deregulation or consumer-protection rollbacks are disclosed. No active SEC consent decrees, antitrust proceedings, or consumer-safety violations are documented. The company is subject to ongoing DOJ Consent Order compliance from the Lakeland merger, which constrains operational flexibility.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Provident Financial Services, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Provident Financial Services, Inc. in the app for interactive charts and portfolio building.

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