1

Exhibit 99.2

Certain statements contained herein are "forward-looking statements" within the meaning of

Section

27A

of

the

Securities

Act

of

1933

and

Section

21E

of

the

Securities

Exchange

Act

of

1934. Such forward-looking statements may be identified by reference to a future period or

periods, or by the use of forward-looking terminology, such as "may," "will," "believe,"

"expect,"

"estimate,"

"anticipate,"

"continue,"

or

similar

terms

or

variations

on

those

terms,

or

the negative of those terms. Forward-looking statements are subject to numerous risks and

uncertainties, including, but not limited to, those related to the economic environment,

particularly in the market areas in which Provident Financial Services, Inc. (the “Company”)

operates, competitive products and pricing, fiscal and monetary policies of the U.S.

Government, changes in government regulations affecting financial institutions, including

regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions

and the integration of acquired businesses, credit risk management, asset-liability

management, the financial and securities markets and the availability of and costs

associated with sources of liquidity.

The Company cautions readers not to place undue reliance on any such forward-looking

statements, which speak only as of the date made. The Company also advises readers that

the factors listed above could affect the Company's financial performance and could cause

the Company's actual results for future periods to differ materially from any opinions or

statements expressed with respect to future periods in any current statements. The

Company does not undertake and specifically declines any obligation to publicly release the

result of any revisions which may be made to any forward-looking statements to reflect

events or circumstances after the date of such statements or to reflect the occurrence of

anticipated or unanticipated events.

2

3

*As of 4/16/10

4

FINANCIAL SERVICES EXPERIENCE:

5

6

FINANCIAL SERVICES EXPERIENCE:

•

All directors independent except CEO

•

Broad diversification and backgrounds

•

Average term on Board exceeds 14 years

•

Strong financial expertise

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•

Provide

solutions

for

our

customers’

financial

needs

through

personal interaction accompanied by competitive and

diverse product offerings

•

Continue to diversify our balance sheet composition with

emphasis on commercial relationships

•

Conservatively manage our company for consistent long-

term profitability and growth

•

Logically expand and grow in markets relevant to our

company

•

Expand/maintain margin without taking a substantial

amount of interest rate risk

•

Build upon our low-cost, core deposit funding base

8

•

Build and grow fee income sources (Wealth Management)

•

Constantly challenge our officers and staff to achieve

operating efficiencies

•

Continue

to

cultivate

a

“Pay

for

Performance”

culture

within

our organization

•

Maintain sufficient capital to provide adequate coverage to

operate effectively

•

Monitor the M & A environment for accretive opportunities

9

Adhering to priorities culminates in

•

Competitive advantage

•

Profitable growth

•

Increased earnings

•

Enhanced long-term stockholder value

10

11

(In millions)

12

As of December 31,

13

As of December 31,

14

Weighted Avg. Life: 2.93 yrs.

Weighted Avg. Life: 4.02 yrs.

* Non-Interest Bearing

16

17

As of December 31,

(In thousands)

18

19

(Dollars in thousands)

INCOME STATEMENT:

3/31/10

3/31/09*

Net income

$11,187

$8,883

Diluted earnings per share

$0.20

$0.16

Return on equity

5.08%

3.53%

Return on assets

0.67%

0.55%

Net interest margin

3.35%

3.10%

Efficiency ratio

59.14%

65.42%

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*All dollar amounts and percentages exclude the effects of the $152.5 million goodwill impairment

charge recorded in the first quarter of 2009.

(Dollars in thousands)

BALANCE SHEET:

3/31/10

12/31/09

Total assets

$6,796,539

$6,836,172

Total loans

$4,326,813

$4,384,194

Total deposits

$4,884,715

$4,899,177

Total investments

$1,628,067

$1,702,513

Total borrowed funds

$966,064

$999,233

Total stockholders' equity

$894,211

$884,555

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22

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Amount

Ratio

Amount

Ratio

Regulatory Tier 1 leverage capital

257,529

$  

4.00%

431,904

$   

6.71%

Tier 1 risk-based capital

168,468

$  

4.00%

431,904

$   

10.25%

Total risk-based capital

336,937

$  

8.00%

484,628

$   

11.51%

REQUIRED

ACTUAL

(Dollars in thousands)

The Provident Bank continues to exceed all current regulatory

The Provident Bank continues to exceed all current regulatory

capital requirements and remains “well capitalized.”

capital requirements and remains “well capitalized.”

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26

Current Dividend Yield (as of 4/16/09) = 3.53%

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