Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2012)
17 slides from Provident Financial Services's shareholder meeting presentation, Apr 26, 2012
Slide 1: Annual Meeting of Stockholders
Annual Meeting of Stockholders April 26, 2012 Our Commitment Shines Through 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 – Founded in 1839 - oldest New Jersey chartered bank – Over 80 branches in 11 counties IPO Date: January 2003 NYSE Symbol: PFS Market Cap: $824.0 million at 4/23/12 Average Daily Volume: 286,052 shares* * 1 year period ended 4/23/12
Slide 4: Experienced Management Team
Experienced Management Team Christopher Martin Chairman, President & Chief Executive Officer 31 Years John F. Kuntz EVP, Chief Adminstrative Officer & General Counsel 25 Years Thomas M. Lyons EVP & Chief Financial Officer 24 Years Michael A. Raimonde EVP & Director of Retail Banking 38 Years Brian G
Slide 5: Independent Board Leadership
All outside directors deemed independent Independent lead director and committee chairs with no management on committees Broad diversification and business backgrounds Strong financial and corporate governance expertise Integral to the strategic direction of the organization Independent Board Leader
Slide 6: Operating Strategies
Operating Strategies Committed to building successful customer relationships through straightforward communication, personal attention and integrity Provide solutions for our customers’ needs with competitive and diverse product offerings Continue to diversify the balance sheet composition with emph
Slide 7: Operating Strategies (cont.)
Build upon our low-cost, core deposit funding base Build and grow fee income sources (specifically Wealth Management via Beacon Trust) Challenge our officers and staff to further enhance operating efficiencies Continue to foster a “Pay for Performance” culture within our organization Maintain suffic
Slide 8: Stockholder Value
Stockholder Value Adhering to these strategies results in: – Competitive advantage – Profitable growth – Increased earnings – Enhanced long-term stockholder value
Slide 9: Provident branch footprint map
Nye | Hartford Sullivan Wyoming Wayne Putnam’ New Haven New London Lackawanna te Orange Middlesex } Weies Fairfield hier Rockland Columbia Monroe Carbon Schuylkill Northamptos, Lehigh Berks Lebanon Bucks Montgomery Laneaster Chester__—_Philadel ees) Delaware Burlington Camden Gloucester Solem le PRO
Slide 10: Non-Performing Loans
Non-Performing Loans (In thousands) | mConsumerloans |= Commercial loans |S Construction loans “EMulti-family loans = Commercial mortgage loans | Residential mortgage loans PROVIDENT FINANCIAL SERVICES, INC, $121,347 SEED $122,549 $114,553 O Oo | 3/31/2011, 6/30/2011 9/30/2011 12/31/2011 8,256 7,330
Slide 11: Allowance for Loan Losses to Total Loans
Allowance for Loan Losses to Total Loans
Slide 12: Regulatory Capital: Required vs Actual
REQUIRED ACTUAL Capital – At 12/31/11 Amount Ratio Amount Ratio Regulatory Tier 1 leverage capital 267,308 $ 4.00% 583,770 $ 8.74% Tier 1 risk-based capital 182,477 $ 4.00% 583,770 $ 12.80% Total risk-based capital 364,953 $ 8.00% 641,008 $ 14.05% (Dollars in thousands) The Company continues to exce
Slide 13: Total Return 12/31/2008 - 12/31/2011
Total Return 12/31/2008 - 12/31/2011 —SNL Small Cap U.S. Bank & Thrift (-19.01) PFS (-1.93) 8 “40 50 Troz/te/2T Tr0z/o8/6 Tr0z/os/9 Troz/te/€ Ot0z/Te/zt ot0z/0e/6 ot0z/08/9 or0z/Te/€ 6002/TE/zT 6002/08/6 6002/08/9 6002/TE/€ 8002/TE/zT A PROVIDENT FINANCIAL SERVICES, INC.
Slide 14: Quarterly Cash Dividends since IPO
Quarterly Cash Dividends since IPO Current Dividend Yield (as of 4/23/12) = 3.51%
Slide 15: ROA & ROE
ROA & ROE *Operating ROA & ROE. Excludes Goodwill impairment.
Slide 16: Highlights
Highlights Record Loan Originations of $1.5 Billion Net Loan Growth of $244 Million or 6% Improving Asset Quality Metrics Total Deposits Increased $279 Million or 6%, Core Increased $428 Million or 12%, Non-Interest Bearing Increased $148 Million or 27% Beacon Acquisition, Organic Growth Increased W
Slide 17: Thank You for Attending!
THANK YOU FOR ATTENDING!
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