Provident Financial Services, Inc · NYSE:PFS

Provident Financial Services — Shareholder Meeting (April 2014)

19 slides from Provident Financial Services's shareholder meeting presentation, Apr 24, 2014

  1. Slide 1: Annual Meeting of Stockholders

    Annual Meeting of Stockholders Exhibit 99.1 April 24, 2014

  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

  3. Slide 3: Superior Markets, Consistent Performance, Valuable Deposit Franchise

    Superior Markets Consistent Performance Valuable Deposit Franchise Proven Asset Generator Capable Risk Manager Shareholder Focused

  4. Slide 4: A look back: years of commitment you can count on

    A look back: 175 years of commitment you can count on

  5. Slide 5: 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 Eleven year history of quarterly cash dividends to stockholders No TARP No dilutive stock offerings No bulk NPA s

  6. Slide 6: Total Stockholders' Return

    Total Stockholders’ Return One-year Total Return Three-year Total Return

  7. Slide 7: Enhancing Shareholder Value

    12/13/10 12/31/11 12/31/12 12/31/13 $0.88 $1.01 $1.18 $1.23 Earnings per Share 12% CAGR $9.47 $9.87 $10.40 $10.92 TBV per Share 5% CAGR Enhancing Shareholder Value

  8. Slide 8: Enhancing Shareholder Value

    $30.9M $50.1M $38.2M $13.19 Average Cost per Share Stock Repurchases $4.1 Stock Repurchases Stock Repurchases $5.9 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 2011 2012 2013 $9.4 Return of Capital $30.9M $50.1M $38.2M 10% CAGR $13.19 Average Cost per Share Enhancing Shareholder Value Regular Dividends $2

  9. Slide 9: Increasing Profitability

    (*in millions) $49.7 $57.3 $67.3 $70.5 0.73% 0.83% 0.94% 0.97% $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 12/31/10 12/31/11 12/31/12 12/31/13 Net Income* ROAA Increasing Profitability

  10. Slide 10: Increasing Profitability

    8.97% 9.81% 10.88% 11.04% 5.46% 6.09% 6.88% 7.08% 12/31/10 12/31/11 12/31/12 12/31/13 ROATE ROAE Increasing Profitability

  11. Slide 11: Assets and Loans Growth

    Provident Financial Services, Inc. Assets $6.8 Assets $7.1 Assets $7.3 Assets $7.5 Loans $4.4 Loans $4.7 Loans $4.9 Loans $5.2 12/31/2010 12/31/2011 12/31/2012 12/31/2013

  12. Slide 12: Changing Loan Mix

    Commercial Types: 56% Commercial Types: 66% Retail Types: 44% Retail Types: 34% CRE 27% Multifamily 9% Construction 3% C&I 17% Consumer 13% 2010 CRE 27% Multifamily 18% Construction 4% C&I 18% Consumer 11% 2013 Changing Loan Mix Residential 31% Residential 23%

  13. Slide 13: Average Earning Asset Funding

    Non-Int Bearing 13% Equity 4% 2013 Non-Int Bearing 9% Equity 3% 2010 Average Earning Asset Funding Interest Bearing Core 55% Time 14% Borrowings 14% Interest Bearing Core 49% Time 23% Borrowings 16%

  14. Slide 14: Deposit Mix

    Time 16% $806M 2013 Time 26% $1.3B 2010 Deposit Mix Interest Bearing Core 68% $3.5B Non-Int Bearing 17% $865M Interest Bearing Core 63% $3.1B Non-Int Bearing 11% $548M

  15. Slide 15: Non-interest Demand Deposit Growth

    12/31/2010 12/31/2011 12/31/2012 12/31/2013 Average Non-interest Demand Deposit Growth $528.1 $605.8 $743.1 $839.3

  16. Slide 16: Asset Quality

    $111,463 $111,250 $102,575 $88,865 $82,166 1.53% 1.55% 1.41% 1.21% 1.10% 4 Q 2012 1 Q 2013 2Q 2013 3Q 2013 4Q 2013 NPAs NPAs/Assets Asset Quality 5 Quarter Trend

  17. Slide 17: Capital Ratios – 12/31/13

    Capital Ratios – 12/31/13 Provident Consolidated Bank PFS Tangible Common Equity * 9.18% Tier 1 Leverage 8.34% 9.42% Tier 1 Risk-Based Capital 11.42% 12.89% Total Risk-Based Capital 12.67% 14.14% * Not meaningful

  18. Slide 18: Overview of Team Capital

    Company Description Financial Summary ($ in millions) F/Y/E 2013 Overview of Team Capital Team Capital Bank is a Pennsylvania state-chartered savings bank Organized by regional segments / lending teams, which include: Lehigh Valley, Bucks County and New Jersey 12 branches: Lehigh Valley (3), Bucks (

  19. Slide 19: Commitment you can count on

    = Providenteanx Commitment you can count on

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