Provident Financial Services, Inc · NYSE:PFS

Provident Financial Services — Shareholder Meeting (April 2015)

14 slides from Provident Financial Services's shareholder meeting presentation, Apr 23, 2015

  1. Slide 1: Annual Meeting of Stockholders April 23, 2015

    Annual Meeting of Stockholders April 23, 2015

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements 2 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

  3. Slide 3: 2014 Performance Highlights

    2014 Performance Highlights Assets:  $1.0B to $8.5B Loans:  $891M to $6.1B Deposits:  $590M to $5.2B Non-Interest Bearing:  $184M to $1.0B Revenues:  $20M to $280M Operating Net Income*:  $5M to $78M Completed Team Capital Bank acquisition: 5/30/14 Completed Long Island wealth accounts acquisi

  4. Slide 4: Assets at 12/31/14

    Assets at 12/31/14 LOANS 71% OTHER ASSETS 2% BOLI 2% INTANGIBLES 5% CASH & INVESTMENTS 20%

  5. Slide 5: Loans at 12/31/14

    Loans at 12/31/14 CRE 28% C&I 21% RESIDENTIAL 20% MULTI-FAMILY 17% CONSUMER 10% CONSTRUCTION 4%

  6. Slide 6: Credit Quality

    Credit Quality $82.2 $70.6 $72.3 $70.4 $59.0 0.24 0.13 0.08 0.14 0.19 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 $50.0 $55.0 $60.0 $65.0 $70.0 $75.0 $80.0 $85.0 12/31/2013 3/31/2014 6/30/2014 9/30/2014 12/31/2014 Net Charge-offs (%) NPAs ($ in millions) NPAs Net Charge-offs Non-Performing Assets/A

  7. Slide 7: Average Earning Assets Funding – Q4 2014

    Average Earning Assets Funding – Q4 2014 INTEREST BEARING CORE 52% TIME 11% BORROWINGS 19% OTHER 4% NON-INTEREST BEARING 14%

  8. Slide 8: Deposits at 12/31/14

    Deposits at 12/31/14 NON-INTEREST BEARING 18% NOW 25% MMA 26% SAVINGS 17% JUMBO TIME 6% OTHER TIME 8% 86% Core Deposits Q4 2014 Cost of Deposits 0.26%

  9. Slide 9: Capital Strength 12/31/14

    Capital Strength 12/31/14 REQUIRED FOR WELL-CAPITALIZED Tier 1 Leverage 9.21% 5.00% Tier 1 Risk-based 12.06% 6.00% Total Risk-based 13.06% 10.00%

  10. Slide 10: Strategic Initiatives to Drive Long-Term Value

    Strategic Initiatives to Drive Long-Term Value Improve Net Interest Margin Attract, Retain, Develop and Reward Employees Develop and Grow Profitable Relationships

  11. Slide 11: Strategic Initiatives to Drive Long-Term Value

    Strategic Initiatives to Drive Long-Term Value Prepare our Infrastructure to be a $10 Billion Asset Company Grow Wealth Management Revenue Pursue Accretive Mergers and Acquisitions

  12. Slide 12: The Outlook (Near-Term)

    The Outlook (Near-Term) Focus on New Markets Successful Combination of The MDE Group with Beacon Trust Continue to Grow and Enhance Our Lending Team

  13. Slide 13: Provident: Commitment you can count on

    = Providentzanx Commitment you can count on:

  14. Slide 14: Slide 14

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