FACT SHEET as of 6/30/12 NYSE: PFS Our Commitment Shines Through Exhibit 99.1 |
LOAN PORTFOLIO as of June 30, 2012 Total Loans: $4.7 Billion Average Loan Yield: 4.76% DEPOSIT MIX as of June 30, 2012 Total Deposits: $5.2 Billion Cost of Deposits: 0.50% Corporate Profile Provident Financial Services, Inc. is the holding company for The Provident Bank. Established in 1839, The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of businesses, individuals and families in northern and central New Jersey through its network of full service branches, as well as its telephone and web- based banking services. The Bank’s wholly owned subsidiary, Beacon Trust Company offers a full range of asset management services to individuals, municipalities, not-for-profits, corporations and pension funds. Provident Financial’s common stock trades on the NYSE under the symbol “PFS“. Company Highlights: • New Jersey’s oldest state chartered bank • Experienced Management Team and best practices Board of Directors • Over 75 branch offices in 11 New Jersey Counties • Well capitalized under current regulatory standards • Eight year history of quarterly cash dividends to stockholders • Wealth Management and Trust Administration Services |
NET INTEREST MARGIN CREDIT QUALITY NON-PERFORMING LOANS EARNINGS PER SHARE Total Assets $7.13 billion 3.00% Net Loans $4.66 billion 90.96% Total Investments $1.71 billion 80.16% Total Deposits $5.21 billion 1.53% $615 million ALLL/NPLs 62.80% Selected Key Ratios Q2 2012 Q2 2012 Net Interest Margin 3.39% Annualized ROATE 10.49% 0.85% Efficiency Ratio 59.07% Annualized ROAA 0.90% 1.58% FINANCIAL HIGHLIGHTS Total Assets-CAGR 5 Years: Financial data as of 6/30/12 Tangible Common Equity Avg. Cost of Int.-bearing Liabilities Loan/Deposit Ratio ALLL/Total Loans Core Deposits/Total Deposits Net Operating Expense to Average Assets *2009 EPS excluding goodwill impairment was $0.55 |
239 Washington Street Jersey City, NJ 07302 732-590-9300 Forward Looking Statement: Forward Looking Statement: Certain statements contained herein are "forward-looking statements" within the meaning of Section27A of the Securities Act of 1933 and Section21E 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 forward- looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which Provident Financial Services, Inc. (the “Company”) operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements,changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company also advises readers that the factors listed above could affect the Company's financial performance andcould cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions whichmay be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Christopher Martin Chairman, President & CEO Chris.martin@providentnj.com Thomas M. Lyons Executive Vice President & CFO Tom.lyons@providentnj.com Leonard G. Gleason Senior Vice President & Investor Relations Officer Len.gleason@providentnj.com |