Provident Financial Services, Inc. (NYSE:PFS) Q4 2024 Results Conference Call January 29, 2025 10:00 AM ET

Company Participants

Adriano Duarte - Head & Investor Relations Officer
Tony Labozzetta - President and Chief Executive Officer
Tom Lyons - Senior Executive Vice President and Chief Financial Officer

Conference Call Participants

Mark Fitzgibbon - Piper Sandler
Billy Young - RBC Capital Markets
Tim Switzer - KBW
Feddie Strickland - Hovde Group
Manuel Navas - D.A. Davidson

Operator

Good morning, and welcome everyone to the Provident Financial Services, Inc. Fourth Quarter Earnings Conference Call. [Operator Instructions].

I would now like to turn the call over to Adriano Duarte, Head and Investor Relations Officer. Please go ahead, sir.

Adriano Duarte

Thank you, Christophe. Good morning, everyone, and thank you for joining us for our fourth quarter earnings call. Today's presenters are President and CEO, Tony Labozzetta; and Senior Executive Vice President and Chief Financial Officer, Tom Lyons.

Before beginning their review of our financial results, we ask that you please take note of our standard caution as to any forward-looking statements that may be made during the course of today's call. Our full disclaimer is contained in last evening's earnings release, which has been posted to the Investor Relations page of our website, provident.bank.

Now it's my pleasure to introduce Tony Labozzetta, who will offer his perspective on our fourth quarter. Tony?

Tony Labozzetta

Thank you, Adriano. Happy New Year, everyone, and welcome to the Provident Financial Services earnings call. The fourth quarter of 2024 was characterized by a more favorable macroeconomic environment with continued growth, additional interest rate cuts, improved performance in the banking sector and an optimistic outlook. The Provident team maintained solid core performance and profitability, thanks to the excellent asset quality, good deposit growth and the increasing contributions of our fee-based businesses.