FORWARD-LOOKING STATEMENT
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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 have any obligation to update any forward-
looking statements to reflect events or circumstances after the date of this statement.
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, 2016.
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
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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
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* Refer to page 8 for reconciliation of GAAP to Non-GAAP Financial Measures
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 2012 2013 2014 2015 2016
5%
CAGR
+58%
5-year
TSR
155%
6%
CAGR
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THE FUTURE IS NOW
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Breaching the $10 billion asset plateau
A new 3-year strategic plan
Regulatory challenges and opportunities
Embracing rapid changes in technology
THE FUTURE IS NOW
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Adapting to changing customer preferences
and behaviors
Maintaining our conservative credit and
operating culture
Building the team/Cultivating talent
/Promoting excellence
Meeting the needs of our communities,
customers and ultimately, stockholders
RECONCILIATION OF GAAP TO NON-GAAP
FINANCIAL MEASURES
(Dollars in Thousands)
December 31, 2016
Annualized Return on Average Tangible Equity:
Total average stockholders' equity 1,232,846$
Less: total average intangible assets 424,595
Total average tangible stockholders's equity 808,251$
Net income 87,802$
Annualizd return on average tangible equity
(net income/total average stockholders' equity) 10.86%
Efficiency Ratio Calculation:
Net interest income 258,567$
Non-interest income 55,393
Total income 313,960$
Non-interest expense 183,778$
Efficiency ratio (non-interest expense/total income) 58.54%
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