Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2018)
9 slides from Provident Financial Services's shareholder meeting presentation, Apr 26, 2018
Slide 1: Annual Meeting of Stockholders April 26, 2018
ANNUAL MEETING OF STOCKHOLDERS APRIL 26, 2018 RENAISSANCE WOODBRIDGE HOTEL 1
Slide 2: Forward-Looking Statement
2 FORWARD-LOOKING STATEMENT Certain statements contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period o
Slide 3: 2017 Performance Highlights
3 2017 PERFORMANCE HIGHLIGHTS 4% to $9.8BAssets 5% to $7.3BLoans 2% to $6.7BDeposits 8% to $1.5BNon-Interest Bearing Deposits 6% to $334MRevenues 7% to $94MNet Income 5% to $1.45Earnings Per Share
Slide 4: Selected Ratios - 2017
4 SELECTED RATIOS - 2017 0.99%Return on Average Assets 10.82%Return on Average Tangible Common Equity 3.21%Net Interest Margin 1.97%Non-Interest Expenses/Average Assets 56.25%Efficiency Ratio
Slide 5: How We Measure Success
5 HOW WE MEASURE SUCCESS $1.18 $1.23 $1.22 $1.33 $1.38 $1.45 EPS $10.40 $10.92 $11.40 $11.75 $12.54 $13.20 TBV per share $0.13 $0.15 $0.15 $0.17 $0.19 $0.20Regular Quarterly Cash Dividend per share 3.5% 3.1% 3.4% 3.4% 2.7% 3.0%Dividend Yield $14.92 $19.32 $18.06 $20.15 $28.30 $26.97 Closing Price 20
Slide 6: Strategic Planning Process Update
6 STRATEGIC PLANNING PROCESS UPDATE Leverage our customer relationships across the Bank’s lines-of-business Proactively identify customer needs to retain and grow profitable relationships Develop a data analytics capability to enable more fact- based business decisions Explore the opportunities affo
Slide 7: Strategic Planning Process Update
7 STRATEGIC PLANNING PROCESS UPDATE Optimize net interest income within acceptable risk parameters Obtain tomorrow’s talent, today, to address competency gaps and succession planning / management development Pursue accretive mergers and/or acquisitions NEW 3-YEAR STRATEGIC PLAN
Slide 8: Reconciliation of GAAP to Non-GAAP Financial Measures
8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Dollars in Thousands) December 31, 2017 Annualized Return on Average Tangible Equity: Total average stockholders' equity 1,289,973$ Less: total average intangible assets 421,628 Total average tangible stockholders's equity 868,345$ Net income
Slide 9: Slide 9
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