Provident Financial Services, Inc.

NYSE:PFS Stock Report

Market Cap: US$2.7b

Provident Financial Services Management

Management criteria checks 4/4

Provident Financial Services' CEO is Tony Labozzetta, appointed in Aug 2020, has a tenure of 4.25 years. total yearly compensation is $2.07M, comprised of 39.5% salary and 60.5% bonuses, including company stock and options. directly owns 0.41% of the company’s shares, worth $10.97M. The average tenure of the management team and the board of directors is 2.8 years and 4.9 years respectively.

Key information

Tony Labozzetta

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage39.5%
CEO tenure4.3yrs
CEO ownership0.4%
Management average tenure2.8yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Nov 02
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Jul 29
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger

Feb 14

Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Jan 29
Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24

Oct 30
Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24

Provident Financial: Impressive Dividend Yield With Promising Lakeland Merger

Oct 26

Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?

Sep 09
Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?

Provident Financial Services: Waiting For Better Times, Better Price

Aug 12

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Aug 03
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%

Jul 30
Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%

Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24

May 01
Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24

Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth

Apr 27
Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth

Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Jan 30
Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24

Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)

Jan 28
Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)

Provident Financial GAAP EPS of $0.66 beats by $0.03, revenue of $132.33M misses by $2.95M

Jan 27

Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Oct 31
Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24

Provident Financial GAAP EPS of $0.58 in-line, revenue of $137.93M beats by $11.68M

Oct 28

CEO Compensation Analysis

How has Tony Labozzetta's remuneration changed compared to Provident Financial Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$94m

Jun 30 2024n/an/a

US$76m

Mar 31 2024n/an/a

US$120m

Dec 31 2023US$2mUS$818k

US$128m

Sep 30 2023n/an/a

US$150m

Jun 30 2023n/an/a

US$165m

Mar 31 2023n/an/a

US$172m

Dec 31 2022US$2mUS$648k

US$176m

Sep 30 2022n/an/a

US$164m

Jun 30 2022n/an/a

US$158m

Mar 31 2022n/an/a

US$163m

Dec 31 2021US$2mUS$604k

US$168m

Sep 30 2021n/an/a

US$171m

Jun 30 2021n/an/a

US$161m

Mar 31 2021n/an/a

US$131m

Dec 31 2020US$949kUS$225k

US$97m

Compensation vs Market: Tony's total compensation ($USD2.07M) is below average for companies of similar size in the US market ($USD6.57M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


CEO

Tony Labozzetta (60 yo)

4.3yrs

Tenure

US$2,074,191

Compensation

Mr. Anthony J. Labozzetta, also known as Tony, has been the Chief Executive Officer at Provident Financial Services, Inc. and Provident Bank since January 1, 2022. Mr. Labozzetta has been President and Dir...


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Martin
Executive Chairman19.8yrsno data0.64%
$ 17.3m
Anthony Labozzetta
President4.3yrsUS$2.07m0.41%
$ 11.0m
Thomas Lyons
Senior EVP & CFO15.2yrsUS$1.15m0.22%
$ 5.9m
George Lista
CEO & President Provident Protection Plus23.8yrsUS$944.93k0.093%
$ 2.5m
Valerie Murray
Executive VP & Chief Wealth Management Officer of Provident Bank7.8yrsUS$1.13m0.069%
$ 1.9m
Thomas Shara
Executive Vice Chairmanless than a yearno data0.41%
$ 11.2m
Adriano Duarte
Executive VP & Investor Relations Officer2.3yrsno data0.057%
$ 1.5m
Bennett MacDougall
Executive VP1.3yrsno data0.0072%
$ 195.4k
Vito Giannola
Executive VP & Chief Banking Officerless than a yearno data0.064%
$ 1.7m

2.8yrs

Average Tenure

60yo

Average Age

Experienced Management: PFS's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Martin
Executive Chairman19.8yrsno data0.64%
$ 17.3m
Anthony Labozzetta
President4.3yrsUS$2.07m0.41%
$ 11.0m
Thomas Shara
Executive Vice Chairmanless than a yearno data0.41%
$ 11.2m
James Ernest Edwin Hanson
Directorless than a yearno data0.099%
$ 2.7m
Edward Leppert
Independent Director4.3yrsUS$188.17k0.11%
$ 3.1m
Frank Fekete
Independent Director21.8yrsUS$184.42k0.064%
$ 1.7m
Brian Flynn
Directorless than a yearno data0.034%
$ 924.2k
Ursuline Foley
Independent Director5.4yrsUS$173.79k0.029%
$ 771.0k
Robert McCracken
Directorless than a yearno data0.10%
$ 2.7m
James Dunigan
Independent Director6.5yrsUS$210.21k0.033%
$ 901.3k
John Pugliese
Independent Lead Director10.4yrsUS$203.79k0.082%
$ 2.2m
Matthew Harding
Independent Director11.8yrsUS$196.29k0.049%
$ 1.3m

4.9yrs

Average Tenure

65yo

Average Age

Experienced Board: PFS's board of directors are considered experienced (4.9 years average tenure).