Provident Financial Services, Inc · NYSE:PFS
Provident Financial Services — Shareholder Meeting (April 2017)
9 slides from Provident Financial Services's shareholder meeting presentation, Apr 27, 2017
Slide 1: Annual Meeting of Stockholders
= Provident ~ Financial Services, Inc. Annual Meeting of Stockholders April 27, 2017
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT 2 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 o
Slide 3: 2016 Performance Highlights
2016 PERFORMANCE HIGHLIGHTS 7% to $9.5BAssets 7% to $7.0BLoans 11% to $6.6BDeposits 13% to $1.3BNon-Interest Bearing Deposits 3% to $314MRevenues 5% to $88MNet Income 4% to $1.38Earnings Per Share 3
Slide 4: Selected Ratios - 2016
SELECTED RATIOS - 2016 0.95%Return on Average Assets 10.86%Return on Average Tangible Common Equity* 3.11%Net Interest Margin 1.99%Non-Interest Expenses/Average Assets 58.54%Efficiency Ratio* 9.25%Leverage Capital Ratio 12.50%Total Risk-based Capital Ratio 4 * Refer to page 8 for reconciliation of G
Slide 5: 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 $12.54 TBV 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
Slide 6: The Future Is Now
THE FUTURE IS NOW 6 Breaching the $10 billion asset plateau A new 3-year strategic plan Regulatory challenges and opportunities Embracing rapid changes in technology
Slide 7: The Future Is Now
THE FUTURE IS NOW 7 Adapting to changing customer preferences and behaviors Maintaining our conservative credit and operating culture Building the team/Cultivating talent /Promoting excellence Meeting the needs of our communities, customers and ultimately, stockholders
Slide 8: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Dollars in Thousands) December 31, 2016 Annualized Return on Average Tangible Equity: Total average stockholders' equity 1,232,846$ Less: total average intangible assets 424,595 Total average tangible stockholders's equity 808,251$ Net income 87
Slide 9: Annual Meeting of Stockholders
= Provident ~ Financial Services, Inc. Annual Meeting of Stockholders April 27, 2017
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