![]() Investor Presentation Fourth Quarter 2012 Exhibit 99.1 |
![]() 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 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 and could 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 which may 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. A detailed discussion of factors that could affect our results is included in our SEC filings, including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2011 and our Quarterly Report on Form 10-Q filed November 9, 2012. |
![]() 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“. |
![]() New Jersey’s oldest state chartered bank Experienced Management Team Over 75 branch offices in 11 New Jersey Counties Well capitalized under current regulatory standards Nine year history of quarterly cash dividends to stockholders Wealth Management and Trust Administration Services No TARP No dilutive stock offerings |
![]() Total Assets $7.26 billion 3.05% Net Loans $4.75 billion 89.68% Total Investments $1.73 billion 81.25% Total Deposits $5.37 billion 1.46% $630 million ALLL/NPLs 66.50% Selected Key Ratios Q3 2012 Q3 2012 Net Interest Margin 3.31% Annualized ROATE 10.29% 0.82% Efficiency Ratio 58.10% Annualized ROAA 0.90% 1.50% Total Assets-CAGR 5 Years: Financial data as of 9/30/12 Tangible Common Equity Avg. Cost of Interest-bearing Liabilities Loan/Deposit Ratio ALLL/Total Loans Core Deposits/Total Deposits Net Operating Expense to Average Assets |
![]() LOAN PORTFOLIO as of September 30, 2012 Total Loans: $4.8 Billion Average Loan Yield: 4.68% DEPOSIT MIX as of September 30, 2012 Total Deposits: $5.4 Billion Cost of Deposits: 0.46% |
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![]() ($ in thousands) ¬ Source: Board of Governors of the Federal Reserve System H.8 release of November 16, 2012 |
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![]() Cumulative NCOs since 9/08 =0.44% ($ in thousands) |
![]() Effective disaster contingency plan minimized customer disruption “At risk” loans in designated flood zones in Monmouth, Ocean, and Hudson counties represent < 4% of the total loan portfolio Strong sponsors, prudent underwriting, federal flood insurance, private coverage, and business interruption insurance are expected to minimize loss exposure Assessment is ongoing on a loan-by-loan basis |
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