Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2010)
27 slides from Provident Financial Services's shareholder meeting presentation, Apr 22, 2010
Slide 1: Annual Meeting of Stockholders, April 22, 2010
—" PROVIDENT FINANCIAL SERVICES, INC. = ANNUAL MEETING « OF STOCKHOLDERS April 22, 2010
Slide 2: Forward-looking statements
Certain statements contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forwa
Slide 3: Company Profile
Company Profile Holding Company for The Provident Bank ¢ New Jersey’s oldest bank, founded in 1839 ¢ 82 branches in 11 counties PROVIDENT FINANCIAL SERVICES, INC,
Slide 4: Total Return Performance
PFS - 06/29/2007 - 04/16/2010 Total Retum Performance 407 x = 5 D ia zB a e z, %, % ere “fp “Ge hy —m- PFS (12.92%) —— SNL Bank and Thrift (45 40%) = S > PROVIDENT FINANCIAL SERVICES, INC.
Slide 5: Financial Services Experience
FINANCIAL SERVICES EXPERIENCE:
Slide 6: Financial Services Experience
FINANCIAL SERVICES EXPERIENCE:
Slide 7: All directors independent except CEO
• All directors independent except CEO • Broad diversification and backgrounds • Average term on Board exceeds 14 years • Strong financial expertise
Slide 8: Strategic priorities
• Provide solutions for our customers’ financial needs through personal interaction accompanied by competitive and diverse product offerings • Continue to diversify our balance sheet composition with emphasis on commercial relationships • Conservatively manage our company for consistent long- term p
Slide 9: Build and grow fee income sources (Wealth Management)
• Build and grow fee income sources (Wealth Management) • Constantly challenge our officers and staff to achieve operating efficiencies • Continue to cultivate a “Pay for Performance” culture within our organization • Maintain sufficient capital to provide adequate coverage to operate effectively •
Slide 10: Adhering to priorities culminates in
Adhering to priorities culminates in • Competitive advantage • Profitable growth • Increased earnings • Enhanced long-term stockholder value
Slide 11: Branch Map
Branch Map i] Pascak x a Me PROVIDENT FINANCIAL SERVICES, INC.
Slide 12: Financial data (in millions)
(In millions) As of December 31,
Slide 13: Total Loans
Total Loans .—l ae (In millions) $4,527 $4,384 $4,296 [1 || 2006 2007 2008 2009 a — PROVIDENT FINANCIAL SERVICES, INC.
Slide 14: Loan Mix
Loan Mix .|6—lh At 12/31/06 At 12/31/09 = PROVIDENT FINANCIAL SERVICES, INC.
Slide 15: Weighted Average Life
Weighted Avg. Life: 2.93 yrs. Weighted Avg. Life: 4.02 yrs.
Slide 16: Deposit Mix
Deposit Mix — CC At 12/31/06 At 12/31/09 a — PROVIDENT FINANCIAL SERVICES. INC,
Slide 17: As of December 31 (in thousands)
As of December 31, (In thousands)
Slide 18: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets As of December 31,
Slide 19: Thomas M. Lyons, Chief Financial Officer
fs PROVIDENT FINANCIAL SERVICES, INC. Thomas M. Lyons Senior Vice President & Chief Financial Officer
Slide 20: Financial Highlights
Financial Highli; a — PROVIDENT FINANCIAL SERVICES, INC,
Slide 21: Financial Highlights
Financial Highligh a — PROVIDENT FINANCIAL SERVICES, INC,
Slide 22: FDIC Expense Comparison
FDIC Expense Comp (In thousands) $12,000 $10,000 $8,300 $8,000 $6,000 $4,000 $2,000 s5 SS $0 2007 2008 2009 2010 est. = PROVIDENT FINANCIAL SERVICES, INC.
Slide 23: Asset Quality
Asset Quality Non-Performing Loans $84,477 $82,555 $78,232 $63,753 $63,880 (In thousands) Mar-09 Jun-09 Sep-09 Dec-09 | Mar-10 | Consumer loans | 6,509 6,496 7,834 6,765 ll 6,275 “Commercial loans | 8,860 5,538 5,885 12,548 12,151 ‘ld Construction loans 8,109 8,109 18,258 13,186 13,035 (a Commercial
Slide 24: Allowance for Loan Losses to Total Loans
Allowance for Loan Losses to Total Loans For the Year Ended December 31, see = 1.05% cs 0.95% PROVIDENT FINANCIAL SERVICES, INC.
Slide 25: Regulatory capital requirements
REQUIRED ACTUAL Amount Ratio Amount Ratio Regulatory Tier 1 leverage capital 257,529 $ 4.00% 431,904 $ 6.71% Tier 1 risk-based capital 168,468 $ 4.00% 431,904 $ 10.25% Total risk-based capital 336,937 $ 8.00% 484,628 $ 11.51% (Dollars in thousands) The Provident Bank continues to exceed all current
Slide 26: Current Dividend Yield
Current Dividend Yield (as of 4/16/09) = 3.53%
Slide 27: Moving Forward Responsibly
ee —— ee PROVIDENT FINANCIAL SERVICES, INC, - MOVING FORWARD RESPONSIBLY
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