Provident Financial Services Management
Management criteria checks 4/4
Provident Financial Services' CEO is Tony Labozzetta, appointed in Aug 2020, has a tenure of 3.67 years. total yearly compensation is $2.07M, comprised of 39.5% salary and 60.5% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth $7.20M. The average tenure of the management team and the board of directors is 5.1 years and 5.9 years respectively.
Key information
Tony Labozzetta
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 39.5% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.7% |
| Management average tenure | 5.1yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
Provident Financial: An Old Local Bank With Growth Potential After Lakeland Bank Merger
Feb 14Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Jan 29
Provident 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 28Provident Financial Services' (NYSE:PFS) Dividend Will Be $0.24
Aug 01Provident Financial GAAP EPS of $0.53 beats by $0.01, revenue of $120.41M beats by $0.29M
Jul 29Provident Financial: Higher Provisioning Likely To Undermine Strong Topline Growth
Jul 23If EPS Growth Is Important To You, Provident Financial Services (NYSE:PFS) Presents An Opportunity
Jul 04Provident Financial Services' (NYSE:PFS) Dividend Will Be US$0.24
May 03Provident Financial: Earnings Riding On Economic Factors
Apr 18Does Provident Financial Services (NYSE:PFS) Deserve A Spot On Your Watchlist?
Mar 15Provident Financial Services (NYSE:PFS) Is Due To Pay A Dividend Of US$0.24
Feb 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD3.46M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
CEO
Tony Labozzetta (59 yo)
3.7yrs
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 | 19.3yrs | no data | 1.11% $ 11.4m | |
| President | 3.7yrs | US$2.07m | 0.70% $ 7.2m | |
| Senior EVP & CFO | 14.6yrs | US$1.15m | 0.38% $ 3.9m | |
| Senior Executive Vice President | 22.6yrs | US$1.14m | 0.25% $ 2.5m | |
| CEO & President Provident Protection Plus | 23.3yrs | US$944.93k | 0.16% $ 1.7m | |
| Executive VP & Chief Wealth Management Officer of Provident Bank | 7.2yrs | US$1.13m | 0.12% $ 1.2m | |
| Executive VP | 1.8yrs | no data | 0.099% $ 1.0m | |
| Executive VP | less than a year | no data | 0.012% $ 128.5k | |
| Senior VP & BSA/AML Compliance Director of Provident Bank | 5.1yrs | no data | no data | |
| Executive VP & Chief Credit Officer of the Provident Bank | 17yrs | US$856.29k | 0.20% $ 2.0m | |
| Executive VP & Chief Lending Officer of Provident Bank | 4yrs | US$968.34k | 0.076% $ 786.2k |
5.1yrs
Average Tenure
59yo
Average Age
Experienced Management: PFS's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 19.3yrs | no data | 1.11% $ 11.4m | |
| President | 3.7yrs | US$2.07m | 0.70% $ 7.2m | |
| Independent Director | 3.8yrs | US$175.00k | 0.19% $ 1.9m | |
| Independent Director | 21.3yrs | US$184.42k | 0.10% $ 1.0m | |
| Independent Director | 13.6yrs | US$190.04k | 0.054% $ 560.0k | |
| Independent Director | 4.8yrs | US$173.79k | 0.041% $ 423.0k | |
| Independent Director | 5.9yrs | US$210.21k | 0.049% $ 508.5k | |
| Independent Lead Director | 9.8yrs | US$203.79k | 0.14% $ 1.4m | |
| Independent Director | 2.8yrs | US$176.29k | 0.017% $ 179.0k | |
| Independent Director | 3.8yrs | US$161.29k | 0.013% $ 129.0k | |
| Independent Director | 11.3yrs | US$196.29k | 0.077% $ 790.5k |
5.9yrs
Average Tenure
64yo
Average Age
Experienced Board: PFS's board of directors are considered experienced (5.9 years average tenure).