Peer Analysis

Performance Ratios (%) PFS Peer Median Peer Average
ROAA 0.86 0.81 0.54
ROAE 6.14 6.53 4.47
Net Interest Margin 3.16 3.32 3.29
Efficiency Ratio 55.97 55.34 56.35
Loans / Deposits 101.39 93.33 95.47
Asset Quality Ratios (%)
NPAs / Assets 0.72 0.50 0.51
NCOs / Avg Loans 0.18 0.12 0.22
Reserves / Loans 1.11 1.24 1.23
Reserves / NPAs 113.28 177.56 198.46
Capital Ratios (%)
Tier 1 Capital 11.53 12.60 12.92
Tangible Equity / Tangible Assets 9.68 8.61 9.13
Total Equity / Total Assets 13.42 11.08 11.69
Market Ratios
Price / Earnings (x) 9.88 11.18 13.07
Price / Book (%) 61.71 74.41 79.92
Dividend Yield (%) 6.95 4.68 4.60
Data for trailing four quarters

Provident Financial Services, Inc.'s peer group consists of the following: , Beneficial Bancorp, Inc., Berkshire Hills Bancorp, Inc. (BHLB), Brookline Bancorp, Inc. (BRKL), Community Bank System, Inc. (CBU), Dime Community Bancshares, Inc. (DCOM), First Commonwealth Financial Corporation (FCF), Flushing Financial Corporation (FFIC), Fulton Financial Corporation (FULT), Independent Bank Corp. (INDB), Investors Bancorp, Inc. (ISBC), Lakeland Bancorp, Inc. (LBAI), NBT Bancorp Inc. (NBTB), Northwest Bancshares, Inc. (NWBI), OceanFirst Financial Corp. (OCFC), S&T Bancorp, Inc. (STBA), Sterling Bancorp (STL), Valley National Bancorp (VLY), WSFS Financial Corporation (WSFS)

Provident Financial Services, Inc.'s financial data is as of 6/30/2020.

Peer financial data is as of 6/30/2020 except for these companies:

Fulton Financial Corporation's financial data is as of 9/30/2020.
Valley National Bancorp's financial data is as of 9/30/2020.
Sterling Bancorp's financial data is as of 9/30/2020.
Beneficial Bancorp, Inc.'s financial data is as of 12/31/2018.