Provident Financial Services Management
Management criteria checks 4/4
Provident Financial Services' CEO is Tony Labozzetta, appointed in Aug 2020, has a tenure of 4.42 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 $9.79M. The average tenure of the management team and the board of directors is 2.8 years and 5 years respectively.
Key information
Tony Labozzetta
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 39.5% |
| CEO tenure | 4.4yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.8yrs |
| Board average tenure | 5yrs |
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
Jul 29Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger
Feb 14Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Jan 29Provident Financial Services (NYSE:PFS) Is Paying Out A Dividend Of $0.24
Oct 30Provident Financial: Impressive Dividend Yield With Promising Lakeland Merger
Oct 26Do Provident Financial Services' (NYSE:PFS) Earnings Warrant Your Attention?
Sep 09Provident Financial Services: Waiting For Better Times, Better Price
Aug 12Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24
Aug 03Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Slashed This Year's Revenue Estimates By 15%
Jul 30Provident Financial Services (NYSE:PFS) Will Pay A Dividend Of $0.24
May 01Provident Financial Services (NYSE:PFS) Ticks All The Boxes When It Comes To Earnings Growth
Apr 27Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24
Jan 30Revenue Downgrade: Here's What Analysts Forecast For Provident Financial Services, Inc. (NYSE:PFS)
Jan 28Provident Financial GAAP EPS of $0.66 beats by $0.03, revenue of $132.33M misses by $2.95M
Jan 27Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Oct 31Provident Financial GAAP EPS of $0.58 in-line, revenue of $137.93M beats by $11.68M
Oct 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$94m |
| Jun 30 2024 | n/a | n/a | US$76m |
| Mar 31 2024 | n/a | n/a | US$120m |
| Dec 31 2023 | US$2m | US$818k | US$128m |
| Sep 30 2023 | n/a | n/a | US$150m |
| Jun 30 2023 | n/a | n/a | US$165m |
| Mar 31 2023 | n/a | n/a | US$172m |
| Dec 31 2022 | US$2m | US$648k | US$176m |
| Sep 30 2022 | n/a | n/a | US$164m |
| Jun 30 2022 | n/a | n/a | US$158m |
| Mar 31 2022 | n/a | n/a | US$163m |
| Dec 31 2021 | US$2m | US$604k | US$168m |
| Sep 30 2021 | n/a | n/a | US$171m |
| Jun 30 2021 | n/a | n/a | US$161m |
| Mar 31 2021 | n/a | n/a | US$131m |
| Dec 31 2020 | US$949k | US$225k | US$97m |
Compensation vs Market: Tony's total compensation ($USD2.07M) is below average for companies of similar size in the US market ($USD6.65M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
CEO
Tony Labozzetta (60 yo)
4.4yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 20yrs | no data | 0.63% $ 15.3m | |
| President | 4.4yrs | US$2.07m | 0.41% $ 9.8m | |
| Senior EVP & CFO | 15.3yrs | US$1.15m | 0.22% $ 5.3m | |
| CEO & President Provident Protection Plus | 24yrs | US$944.93k | 0.093% $ 2.2m | |
| Executive VP & Chief Wealth Management Officer of Provident Bank | 7.9yrs | US$1.13m | 0.069% $ 1.7m | |
| Executive Vice Chairman | less than a year | no data | 0.41% $ 10.0m | |
| Executive VP & Investor Relations Officer | 2.5yrs | no data | 0.057% $ 1.4m | |
| Executive VP | 1.4yrs | no data | 0.0072% $ 174.3k | |
| Executive VP & Chief Banking Officer | less than a year | no data | 0.064% $ 1.6m | |
| Senior VP of HR business partner director | less than a year | no data | no data |
2.8yrs
Average Tenure
60yo
Average Age
Experienced Management: PFS's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 20yrs | no data | 0.63% $ 15.3m | |
| President | 4.4yrs | US$2.07m | 0.41% $ 9.8m | |
| Executive Vice Chairman | less than a year | no data | 0.41% $ 10.0m | |
| Director | less than a year | no data | 0.099% $ 2.4m | |
| Independent Director | 4.5yrs | US$188.17k | 0.062% $ 1.5m | |
| Independent Director | 22yrs | US$184.42k | 0.059% $ 1.4m | |
| Director | less than a year | no data | 0.034% $ 824.7k | |
| Independent Director | 5.6yrs | US$173.79k | 0.029% $ 688.0k | |
| Director | less than a year | no data | 0.10% $ 2.4m | |
| Independent Director | 6.7yrs | US$210.21k | 0.033% $ 804.2k | |
| Independent Lead Director | 10.6yrs | US$203.79k | 0.082% $ 2.0m | |
| Independent Director | 12yrs | US$196.29k | 0.049% $ 1.2m |
5.0yrs
Average Tenure
65yo
Average Age
Experienced Board: PFS's board of directors are considered experienced (5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 23:05 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Provident Financial Services, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Manuel Navas | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |