Item 2.02 Results of Operation and Financial Condition.

On January 29, 2021, Provident Financial Services, Inc. (the "Company") issued a release reporting its financial results for the quarter and year ended December 31, 2020. A copy of the release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed "filed" for any purpose.

Item 7.01 Regulation FD Disclosure.

On January 29, 2021, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.23 per common share, payable on February 26, 2021 to stockholders of record on February 12, 2021.

This announcement was included as part of the release announcing financial results for the quarter and year ended December 31, 2020 and attached as Exhibit 99.1 to this report. A copy of the release is being furnished to the SEC and shall not be deemed "filed" for any purpose.

Item 8.01 Other Events.

The Company's Board of Directors authorized the Company's ninth stock repurchase program to commence upon completion of the existing authorization which had approximately 260,000 shares remaining available for repurchase at December 31, 2020. Under the new authorization, the Company may repurchase up to 5% of the number of shares of common stock currently outstanding, or approximately 3.9 million shares. Repurchases will be made from time to time through open market purchases, unsolicited negotiated transactions, or such other means deemed appropriate by management. Completion of the repurchase program will not be limited to a specific time period. The Company's stock repurchase activity will take into account SEC safe harbor rules and guidance.

Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired. Not applicable.

(b) Pro Forma Financial Information. Not applicable.

(c) Shell Company Transactions. Not applicable.

(d) Exhibits.

Exhibit No. Description

99.1 Release issued by the Company on January 29, 2021 announcing its financial results for the quarter and year ended December 31, 2020, the adoption of a share repurchase program, and the declaration of a quarterly cash dividend.

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