Anthony Labozzetta, the current CEO of Provident Financial Services, took on this role in January 2022 after previously serving as the President and COO. His leadership came during a significant time for the company, following its acquisition of SB One...

Anthony Labozzetta, the current CEO of Provident Financial Services, took on this role in January 2022 after previously serving as the President and COO. His leadership came during a significant time for the company, following its acquisition of SB One Bancorp. Labozzetta has a strong background in finance, having led SB One Bank as CEO before joining Provident. In 2023, he earned a total compensation of approximately $2 million, which included a salary of $818,269 and a performance bonus of $309,375. He saw some ups and downs in bonuses over the years, with his previous year’s performance bonus reaching as high as $655,980 in 2022. Interestingly, he was not granted any stock options during his tenure thus far but has vested shares in common stock, showing a greater flow of cash rather than equity rewards. Labozzetta's compensation is tied to the company's performance metrics, focusing on growth indicators like earnings per share and net income. Under his direction, Provident Financial aims to expand its competitive edge in the banking sector, adapting to new challenges and opportunities.