Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Non-Deal Roadshow (March 2017)
10 slides from Provident Financial Services's roadshow presentation, Mar 28, 2017
Slide 1: Investor Roadshow March 28 thru March 31, 2017
Investor Roadshow March 28 thru March 31, 2017
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: 5-Year Comparative Balance Sheet Data
5 -YEAR COMPARATIVE BALANCE SHEET DATA Assets +$2.4 B 6% CAGR Loans +$2.3 B 9% CAGR Core Deposits +$1.9 B 8% CAGR NIB Deposits +$653 M 14% CAGR
Slide 4: Comparative Balance Sheets
Loans 66% Investments 25% Intangibles 5% BOLI 2% Other 2% COMPARATIVE BALANCE SHEETS 12/31/11 $7.1 B Loans 74% Investments 17% Intangibles 4% BOLI 2% Other 3% 12/31/16 $9.5 B
Slide 5: Comparative Loan Composition
CRE 27% MF 12% C&I 19% Resi 28% Consumer 12% Construction 2% CRE 28% MF 20% C&I 23% Resi 17% Consumer 8% Construction 4% COMPARATIVE LOAN COMPOSITION 12/31/16 Commercial: 75% Consumer: 25% 12/31/11 Commercial: 60% Consumer: 40%
Slide 6: Comparative Deposits
NIB 13% IB Core 65% Time 22% NIB 21% IB Core 69% Time 10% COMPARATIVE DEPOSITS 12/31/16 NIB $1.3 B Total Core $5.9 B Total Deposits: $6.6 B 12/31/11 NIB $696 M Total Core $4.0 B Total Deposits: $5.2 B
Slide 7: 5-Year Comparative Income Statement Data
5-YEAR COMPARATIVE INCOME STATEMENT DATA Revenues +$65 M 5% CAGR Net Interest Income +$43 M 4% CAGR Non-Interest Income +$23 M 11% CAGR Net Income +$30 M 9% CAGR EPS +$0.37 6% CAGR
Slide 8: NIM and IRR
NIM and IRR 3.49 3.38 3.31 3.30 3.20 3.11NIM 3.04 3.13 3.23 3.24 3.14 3.05 NIM After Provision 233 151 203 208 145 100 AVG 2/10 Spread ($6,600) ($7,581) ($10,624) ($6,778) ($4,350) ($4,451) NII at Risk +200 bp 2011 2012 2013 2014 2015 2016 -3.05% -3.50% -4.82% -2.74% -1.73% -1.65%
Slide 9: How We Measure Success
HOW WE MEASURE SUCCESS $1.01 $1.18 $1.23 $1.22 $1.33 $1.38EPS $9.87 $10.40 $10.92 $11.40 $11.75 $12.54TBV per share $0.12 $0.13 $0.15 $0.15 $0.17 $0.19Regular Quarterly Cash Dividend per share 3.6% 3.5% 3.1% 3.4% 3.4% 2.7%Dividend Yield $13.39 $14.92 $19.32 $18.06 $20.15 $28.30 Closing Price 2011 20
Slide 10: Investor Roadshow March 28 thru March 31, 2017
Investor Roadshow March 28 thru March 31, 2017
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