Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2016)
14 slides from Provident Financial Services's shareholder meeting presentation, Apr 28, 2016
Slide 1: Annual Meeting of Stockholders April 28, 2016
Annual Meeting of Stockholders April 28, 2016 Commitment you can count on
Slide 2: Forward Looking Statements
2 Forward Looking Statements 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
Slide 3: 2015 Performance Highlights
3 2015 Performance Highlights *Non-core items totaled $0.2M in 2015 and $4.7M in 2014. 5% to $8.9B Assets 7% to $6.5B Loans 4% to $5.2B Deposits 13% to $1.2B Non-Interest Bearing 9% to $305M Revenues 7% to $84M Operating Net Income* 4/1/15 Completed MDE acquisition
Slide 4: 5-Year Comparative Balance Sheet Data
4 5-Year Comparative Balance Sheet Data Assets +$2.1B 5% CAGR Loans +$2.1B 8% CAGR Core Deposits +$1.6B 8% CAGR Non-Interest Bearing Deposits +$638M 17% CAGR
Slide 5: Comparative Balance Sheets
5 Loans 65% Investments 26% Intangibles 5% BOLI 2% Other 2% Loans 73% Investments 17% Intangibles 5% BOLI 2% Other 3% Comparative Balance Sheets 12/31/15 $8.9B 12/31/10 $6.8B TOTAL ASSETS
Slide 6: Comparative Loan Composition
6 CRE 27% Multi-Fam 9% C&I 17% Resi 31% Consumer 13% Construction 3% CRE 28% Multi-Fam 19% C&I 21% Resi 20% Consumer 9% Construction 5% Comparative Loan Composition Commercial: 71% Consumer: 29% Commercial: 56% Consumer: 44% 12/31/15 12/31/10
Slide 7: Comparative Deposits
7 NIB 20% Interest Bearing Core 68% Time 12% NIB 11% Interest Bearing Core 63% Time 20% Comparative Deposits NIB: $1.2B Total Core: $5.2B Total Deposits: $5.9B NIB: $548M Total Core: $3.6B Total Deposits: $4.9B 12/31/15 12/31/10
Slide 8: 5-Year Comparative Income Statement Data
8 5-Year Comparative Income Statement Data Revenues +$65M 5% CAGR Net Interest Income +$41M 4% CAGR Non-Interest Income +$24M 12% CAGR Net Income +$34M 11% CAGR Earnings Per Share +$0.45 9% CAGR
Slide 9: How we measure success
How we measure success 0.88 1.01 1.18 1.23 1.22 1.33 Earnings per share 9.47 9.87 10.40 10.92 11.40 11.75 Tangible Book Value per share 0.11 0.12 0.13 0.15 0.15 0.17 Regular Quarterly Cash Dividend per share 2.9% 3.6% 3.5% 3.1% 3.4% 3.4% Dividend Yield 15.13 13.39 14.92 19.32 17.46 20.15 Closing pri
Slide 10: Strategic Initiatives to Drive Long-Term Value
10 Strategic Initiatives to Drive Long-Term Value Improve Net Interest Margin Develop and Grow Profitable Relationships Prepare our Infrastructure to be a $10 Billion Asset Company
Slide 11: Strategic Initiatives to Drive Long-Term Value
11 Strategic Initiatives to Drive Long-Term Value Grow Wealth Management Revenue Attract, Retain, Develop and Reward Employees Pursue Accretive Mergers and Acquisitions
Slide 12: The Outlook (Near-Term)
12 The Outlook (Near-Term) Focus on New Markets Strong and Diversified Loan Pipeline New Mobile Deposit Services for Customers Expanding Beacon Trust Wealth Management Cyber and Information Security
Slide 13: Commitment you can count on
= Providenteanx Commitment you can count on: Forbes | 2016 BEST BANKS IN AMERICA
Slide 14: Slide 14
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