Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2011)
27 slides from Provident Financial Services's shareholder meeting presentation, Apr 28, 2011
Slide 1: Annual Meeting of Stockholders April 28, 2011
ANNUAL MEETING OF STOCKHOLDERS April 28, 2011 ANNUAL MEETING OF STOCKHOLDERS April 28, 2011 Exhibit 99.2
Slide 2: Forward Looking Statements
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 or
Slide 3: Company Profile
Company Profile Holding Company for The Provident Bank New Jersey’s oldest chartered bank, founded in 1839 81 branches in 11 counties IPO Date: January 2003 NYSE Symbol: PFS Market Cap: $859.2 million Average Daily Volume: 313,161 shares* * 1 year period ended 4/25/11
Slide 4: Experienced Management Team
Experienced Management Team Financial Services Experience:
Slide 5: Experienced Management Team
Experienced Management Team Financial Services Experience:
Slide 6: Independent Board Leadership
Independent Board Leadership All directors independent except CEO Independent lead director and committee chairs Broad diversification and backgrounds Strong financial and corporate governance expertise
Slide 7: Operating Strategies
Operating Strategies Create and expand customer relationships to attain financial goals through personal attention Provide solutions for our customers’ needs with competitive and diverse product offerings Continue to diversify the balance sheet composition with emphasis on commercial relationships C
Slide 8: Operating Strategies (cont.)
Operating Strategies (cont.) Build upon our low-cost, core deposit funding base Build and grow fee income sources (Wealth Management) Challenge our officers and staff to further enhance operating efficiencies Continue to foster a “Pay for Performance” culture within our organization Maintain suffici
Slide 9: Stockholder Value
Stockholder Value Adhering to these strategies results in: Competitive advantage Profitable growth Increased earnings Enhanced long-term stockholder value
Slide 10: Branch footprint map
Vorthumberiand ‘Schuylkill — —— a PROVIDENT FINANCIAL SERVICES, INC,
Slide 11: Total Assets
Total Assets As of December 31,
Slide 12: Total Loans
Total Loans As of December 31,
Slide 13: Loan mix by category
Consumer 15% Consumer 13% — —— a PROVIDENT FINANCIAL SERVICES, INC,
Slide 14: Investment Portfolio as of 12/31/10
Investment Portfolio as of 12/31/10 Available for Sale Weighted Avg. Life 3.16 yrs. Held to Maturity Weighted Avg. Life 4.46 yrs.
Slide 15: Deposit Mix
Deposit Mix * Non-Interest Bearing 12/31/07 12/31/10
Slide 16: Deposit Mix
Deposit Mix * Non-Interest Bearing
Slide 17: Thomas M. Lyons, Executive Vice President & Chief Financial Officer
Thomas M. Lyons Executive Vice President & Chief Financial Officer
Slide 18: Provident Financial Services, Inc.
a —— PROVIDENT FINANCIAL SERVICES, INC.
Slide 19: Provident Financial Services, Inc.
a —— PROVIDENT FINANCIAL SERVICES, INC.
Slide 20: Non-Performing Loans
Non-Performing Loans (In thousands) $84,477 $93,188 $82,555 | m Multi-family mortgage loans 0 0 “= Consumer loans 6,765 6,275 |= Commercial loans 12,548 12,151 = Construction loans 13,186 13,035 = Commercial mortgageloans| 23,356 18,384 = Residential mortgage loans 28,622 32,710 i PROVIDENT FINANCIA
Slide 21: Allowance for Loan Losses to Total Loans
Allowance for Loan Losses to Total Loans
Slide 22: Regulatory Capital
REQUIRED ACTUAL Capital Amount Ratio Amount Ratio Regulatory Tier 1 leverage capital 257,915 $ 4.00% 479,156 $ 7.43% Tier 1 risk-based capital 171,529 $ 4.00% 479,156 $ 11.17% Total risk-based capital 343,059 $ 8.00% 532,995 $ 12.43% (Dollars in thousands) The Provident Bank continues to exceed all
Slide 23: Christopher Martin, Chairman, President & Chief Executive Officer
Christopher Martin Chairman, President & Chief Executive Officer
Slide 24: Quarterly Cash Dividend since IPO
Quarterly Cash Dividend since IPO Current Dividend Yield (as of 4/20/11) = 3.13%
Slide 25: ROA & ROE
ROA & ROE *Operating ROA & ROE. Excludes Goodwill impairment.
Slide 26: Total Return 12/31/07 - 12/31/10
Total Return 12/31/07 - 12/31/10 —-SNLU.S. Bank and Thrift (-36.66) — PFS (+17.02) -100 010Z/1/01 ot0z/T/L ot0z/t/+ 0102z/T/T 6002/T/0T 6002/T/L 6002/1/+ i PROVIDENT FINANCIAL SERVICES, INC. 6002/1/T 8002/T/0T 8002/T/L 8002/TE/£ £002/TE/ZT
Slide 27: Provident Financial Services, Inc.
PROVIDENT FINANCIAL SERVICES, INC.
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