Provident Bank: how it compares with its peers
Against 88 U.S. banks with half to twice its assets, Provident Bank's strongest measure in Q2 2026 is efficiency ratio (45.74% vs. a 54.83% peer median). Its weakest relative measure is net interest margin (3.57% vs. 3.61%).
| Measure | Provident Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.35% | 1.21% | Middle third Ahead of 63% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.57% | 3.61% | Middle third Ahead of 49% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.74% | 54.83% | Top third Ahead of 76% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $13.9M | $12.5M | Middle third Ahead of 58% of peers |
| Loans to deposits Net loans and leases over total deposits. | 101.30% | 85.69% | Context |
What it means for lending operations
Its efficiency ratio of 45.74% is better than the 54.83% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First Interstate Bank Billings, MT · $25.79B
- Ameriprise Bank, FSB Minneapolis, MN · $25.48B
- Rockland Trust Company Rockland, MA · $24.97B
- Customers Bank Malvern, PA · $26.50B
- Simmons Bank Pine Bluff, AR · $24.73B
- Charles Schwab Premier Bank, SSB Westlake, TX · $26.58B
Questions about Provident Bank
How big is Provident Bank?
Provident Bank, established in 1839, is headquartered in Jersey City, NJ. It reported $25.65B in total assets in its Q2 2026 FDIC call report and operates 139 offices.
What is Provident Bank's return on assets?
1.35% annualized in Q2 2026, against a 1.21% median for 88 U.S. banks with half to twice its assets, ahead of 63% of them.
What is Provident Bank's efficiency ratio?
45.74% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 54.83%, and lower is better.
Is Provident Bank growing its loans?
Net loans grew 5.0% over the year to Q2 2026, while deposits grew 4.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New Jersey bank ranked.