Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2013)
18 slides from Provident Financial Services's shareholder meeting presentation, Apr 25, 2013
Slide 1: Annual Meeting of Stockholders April 25, 2013
Annual Meeting of Stockholders April 25, 2013 Annual Meeting of Stockholders April 25, 2013 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: Why PFS?
Why PFS? Superior Markets Consistent Performance Valuable Deposit Franchise Proven Asset Generator Capable Risk Manager Shareholder Focused
Slide 4: Company Highlights
Company Highlights New Jersey’s oldest state chartered bank Over 75 branch offices Wealth Management and Trust Administration Services Well capitalized under current regulatory standards Ten year history of quarterly cash dividends to stockholders No TARP No dilutive stock offerings No bulk NPA sale
Slide 5: One Year and Three Year Total Return
25.00 20.00 15.00 10.00 5.00 0.09 = TEANGA SARC One Year Total Return (%) Three Year Total Return (%) Decii oe 5807 ee 50.00 40.00 31.97 od 30.00 20.00 10.00 0.00 (40.00) (20.00) fom of ey es Fe ee a A ee ee ee ee Rese 8 7 258 9 2 8 BOG SoS ag RS i ee es Sere Sesenicuall cor Ue mk ernie PFs —=-swism
Slide 6: Dividend History
ramon SN. $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 soztoz voztoz e0zt0z zortoz rortoz sortoz e0rt0z zortoz vortoz rooroz eoor0z zooroz vootoz ‘po600z 06007 zoso0z os00z os00z 08002 zos00z os00z voxo0z 01002 zoL00z roL00z os00z 09002 zos00z ros00z sosooz e0s002 zosooz rosooz vovo0z eov00z zovo
Slide 7: Dividend History
$0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 voztoz vortoz e0zt0z zortoz rortoz sortoz e0rt0z zortoz rortoz sootoz e0ot0z zooroz vooroz ‘pos00z 06002 zoso0z os00z vos00z 08007 zos00z os00z vox00z 0 L002 zoL00z roL00z vos00z 09002 zos00z os00z sosooz e0s00z zosooz roso0z sovo0z eov00z zovo0z ropo0
Slide 8: 2012: A Record Setting Year
2012: A Record Setting Year Change vs. 2011 Total Assets $7.3 B $186 M 2.6% Loans $4.9 B $251 M 5.4% Total Deposits $5.4 B $272 M 5.3% Non-Interest Bearing Deposits $864 M $166 M 24.0%
Slide 9: 2012: A Record Setting Year
2012: A Record Setting Year Change vs. 2011 Net Income $67 M $10 M 17.3% EPS $1.18 $0.17 16.8% ROAA 0.94% 0.11% 13.3% ROATE 10.88% 1.07% 10.9%
Slide 10: A Longer View: Structural Gains
A Longer View: Structural Gains *Excludes impact of $152.5 million of Goodwill impairment in 2009. Net Interest Margin 3.38% 3.06% Loans/Deposits 90.4% 89.5% Net Revenues $261M $212M Provision for Loan Losses $16M $30M Net Income $67M $31M*
Slide 11: Asset Quality Quarter Trend
Asset Quality 5 Quarter Trend $135,351 $134,783 $129,141 $119,586 $111,463 1.91% 1.89% 1.81% 1.65% 1.53% 4 Q 2011 1 Q 2012 2 Q 2012 3 Q 2012 4 Q 2012 NPAs NPAs/Assets
Slide 12: A Longer View: Structural Gains
A Longer View: Structural Gains $6.8 B $7.3 B 64% 25% 11% 67% 23% 10% Loans Investments Other Asset Composition
Slide 13: A Longer View: Structural Gains
A Longer View: Structural Gains Loan Composition Commercial $2.3B 53% Consumer $2.1B 47% Commercial $3.1B 62% Consumer $1.8B 38%
Slide 14: Loan Portfolio – 12/31/12
Loan Portfolio – 12/31/12 C&I 18% Total Loans: $4.9 Billion Average Loan Yield: 4.58% 1-4 Residential 26% CRE 27% Multi-family 15% Construction 2% Consumer 12%
Slide 15: A Longer View: Structural Gains
A Longer View: Structural Gains 16% 12% Funding / Earning Assets 47% 8% 25% 55% 13% 15% Interest Bearing Core Deposits Non -Interest Bearing Deposits Time Deposits Borrowings
Slide 16: Capital Ratios – 12/31/12
Capital Ratios – 12/31/12 * Not meaningful Provident Consolidated Bank PFS Tangible Common Equity * 9.00% Tier 1 Leverage 7.80% 8.93% Tier 1 Risk-Based Capital 11.08% 12.68% Total Risk-Based Capital 12.33% 13.93%
Slide 17: Opportunities
Opportunities Capital flexibility Recent additions to lending teams in Middle Market / Consumer / Healthcare / CRE Technology enhancements Sandy stimulus Accelerating economic recovery
Slide 18: Commitment You Can Count On.
COMMITMENT YOU CAN COUNT ON.
Provident Financial Services — Shareholder Meeting (April 2013) on 6ix