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| 8-K - FORM 8-K - PROVIDENT FINANCIAL SERVICES INC | d443326d8k.htm |
 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: $5.4 Billion
Cost of Deposits: 0.46% |
 ($ in
thousands, except per share data) |
 ($ in
thousands) |
 |
 ($ in
thousands) ¬
Source: Board of Governors of the Federal Reserve System H.8 release of November 16,
2012 |
 ($ in
thousands) |
 |
 |
 ($ in
thousands) |
 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 |
 |
 |
 |