Provident Financial Services Management
Management criteria checks 3/4
Provident Financial Services' CEO is Tony Labozzetta, appointed in Aug 2020, has a tenure of 5.33 years. total yearly compensation is $3.50M, comprised of 27% salary and 73% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $11.19M. The average tenure of the management team and the board of directors is 3.4 years and 5.4 years respectively.
Key information
Tony Labozzetta
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 27.00% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
Provident Financial Services: I'm Not Ready To Stop Banking On Upside
Nov 21Provident Financial Services (NYSE:PFS) Is Due To Pay A Dividend Of $0.24
Nov 03
Provident Financial Services (NYSE:PFS) Has Announced A Dividend Of $0.24
Jul 28Provident Financial Services: Reported Earnings Could Almost Double In 2025
Feb 17Provident Financial Services (NYSE:PFS) Has Affirmed Its Dividend Of $0.24
Nov 02
The Company-Lakeland Merger To Ignite Revenue Growth, Net Margin Improvements, And Strengthen Financial Stability
The Provident-Lakeland merger offers significant cross-selling opportunities in insurance and wealth management, aiming to boost revenues.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 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$256m |
| Jun 30 2025 | n/a | n/a | US$231m |
| Mar 31 2025 | n/a | n/a | US$147m |
| Dec 31 2024 | US$4m | US$945k | US$116m |
| 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$97m |
Compensation vs Market: Tony's total compensation ($USD3.50M) is below average for companies of similar size in the US market ($USD7.00M).
Compensation vs Earnings: Tony's compensation has increased by more than 20% in the past year.
CEO
Tony Labozzetta (61 yo)
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 |
|---|---|---|---|---|
| President | 5.3yrs | US$3.50m | 0.43% $ 11.2m | |
| Executive Vice Chairman | 1.6yrs | US$6.07m | 0.41% $ 10.6m | |
| Senior EVP & CFO | 16.3yrs | US$1.57m | 0.24% $ 6.2m | |
| Executive VP & Chief Wealth Management Officer of Provident Bank | 8.8yrs | US$1.15m | 0.079% $ 2.1m | |
| Executive VP and Chief Digital & Innovation Officer of Provident Bank | 3.4yrs | US$1.21m | 0.0096% $ 250.0k | |
| Executive Chairman | 20.9yrs | no data | 0.62% $ 16.3m | |
| Executive VP & Investor Relations Officer | 3.4yrs | no data | 0.062% $ 1.6m | |
| Executive VP | 2.3yrs | no data | 0.013% $ 329.8k | |
| Executive VP & Chief Banking Officer | 1.6yrs | no data | 0.066% $ 1.7m | |
| Senior VP of HR business partner director | 1.1yrs | no data | no data | |
| CEO & President Provident Protection Plus | 24.9yrs | US$944.93k | 0.095% $ 2.5m | |
| Executive VP & Chief Lending Officer | no data | no data | 0.011% $ 283.5k |
Experienced Management: PFS's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$3.50m | 0.43% $ 11.2m | |
| Executive Vice Chairman | 1.6yrs | US$6.07m | 0.41% $ 10.6m | |
| Executive Chairman | 20.9yrs | no data | 0.62% $ 16.3m | |
| Independent Director | 1.6yrs | US$175.00k | 0.10% $ 2.7m | |
| Independent Director | 5.4yrs | US$203.79k | 0.066% $ 1.7m | |
| Independent Director | 1.6yrs | US$180.62k | 0.038% $ 1.0m | |
| Independent Director | 6.5yrs | US$186.29k | 0.033% $ 853.3k | |
| Independent Director | 1.6yrs | US$163.75k | 0.10% $ 2.7m | |
| Independent Director | 7.6yrs | US$223.21k | 0.037% $ 979.1k | |
| Independent Lead Director | 11.5yrs | US$212.91k | 0.067% $ 1.8m | |
| Independent Director | 4.5yrs | US$181.11k | 0.019% $ 494.8k | |
| Independent Director | 12.9yrs | US$214.79k | 0.053% $ 1.4m |
Experienced Board: PFS's board of directors are considered experienced (5.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/08 07:56 |
| End of Day Share Price | 2025/12/05 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
Provident Financial Services, Inc. is covered by 6 analysts. 4 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 |
|---|---|
| Feddie Strickland | Hovde Group, LLC |
| Timothy Switzer | Keefe, Bruyette, & Woods |
| Mark Fitzgibbon | Piper Sandler Companies |