Second Quarter of Fiscal 2025 December 31, 2024 myprovident.com Safe Harbor Statement This presentation contains statements that the Company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's financial condition, liquidity, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements as they are subject to various risks and uncertain ...

Financial Performance - Net income for the second quarter of fiscal 2025 was $872,000, down 54% from the previous quarter and 59% from the same quarter last year[3]. - Net income for the quarter ended December 31, 2024, was $872 million, a significant decrease of 59.3% from $2,141 million in the same quarter of 2023[44]. - Basic earnings per share for the quarter ended December 31, 2024, was $0.13, down from $0.31 in the same quarter of 2023, reflecting a decline of 58.1%[44]. - Basic earnings per share for Q4 2024 was $0.13, a decrease of 53.57% compared to $0.31 in Q4 2023[50]. - The provision for income taxes was $352,000 for Q2 fiscal 2025, down 60 percent from $884,000 in the same quarter last year[31]. Interest Income and Margin - Net interest margin increased to 2.91%, up 7 basis points from the previous quarter and 13 basis points from the same quarter last year[1]. - Total interest income for the quarter ended December 31, 2024, was $14,021 million, an increase of 2.6% from $13,665 million in the same quarter of 2023[44]. - Net interest income after provision for credit losses decreased to $8,173 million for the quarter ended December 31, 2024, down from $9,494 million in the prior year, representing a decline of 13.9%[44]. - The net interest margin for Q4 2024 was 2.91%, an increase from 2.78% in Q4 2023, reflecting improved profitability on interest-earning assets[50]. Loans and Investments - Loans held for investment remained unchanged at $1.05 billion as of December 31, 2024[1]. - Total loans originated for investment increased by 80% to $36.4 million compared to $20.2 million in the same quarter last year[11]. - Total loans originated for investment in the quarter ended December 31, 2024, amounted to $36,443 million, a substantial increase from $20,204 million in the same quarter of 2023, representing an increase of 80.3%[48]. - Total loans held for investment decreased to $1.050 billion in Q4 2024 from $1.073 billion in Q4 2023, reflecting a decline of 2.23%[54]. Deposits and Liabilities - Total deposits decreased by 2% to $867.5 million compared to June 30, 2024[1]. - Total deposits were $867,515,000 as of December 31, 2024, compared to $888,348,000 in the previous quarter[41]. - Total deposits amounted to $867.515 million in Q4 2024, down 4.86% from $911.980 million in Q4 2023[55]. - Total interest-bearing liabilities for the quarter ended December 31, 2024, were $1,089.8 million at a rate of 1.92%, down from $1,145.2 million at 1.69% in 2023[60]. Non-Interest Income and Expenses - Non-interest income decreased by $30,000, or three percent, to $845,000 in Q2 fiscal 2025 from $875,000 in the same period last year[27]. - Non-interest income totaled $845 million for the quarter ended December 31, 2024, a decrease of 3.4% compared to $875 million in the same quarter of 2023[44]. - Non-interest expense increased by $450,000, or six percent, to $7.79 million in Q2 fiscal 2025 from $7.34 million in the same quarter last year[28]. Efficiency and Ratios - The efficiency ratio in Q2 fiscal 2025 was 81.15 percent, an increase from 76.11 percent in the same quarter last year[30]. - The efficiency ratio increased to 81.15% for the quarter ended December 31, 2024, compared to 76.11% in the same quarter of 2023, indicating a decrease in operational efficiency[48]. - Return on average assets for the quarter ended December 31, 2024, was 0.28%, down from 0.66% in the same quarter of 2023[48]. - Stockholders' equity to total assets ratio improved to 10.25% as of December 31, 2024, compared to 9.97% in the same quarter of 2023[48]. Credit Losses and Non-Performing Assets - The provision for credit losses was $586,000, contrasting with a $720,000 recovery in the same period last year[21]. - The allowance for credit losses on loans held for investment was $7.0 million, or 0.66% of gross loans held for investment[26]. - Non-performing assets to total assets ratio was 0.20%, unchanged from June 30, 2024[1]. - Non-performing loans as of December 31, 2024, totaled $2.5 million, an increase from $1.8 million in the same period of 2023[64]. Shareholder Equity and Stock Repurchase - The Company had a total stockholders' equity of $128,630,000 as of December 31, 2024[41]. - The Company repurchased 63,556 shares at an average cost of $16.04 per share during the quarter ended December 31, 2024[32]. - Total stockholders' equity increased slightly to $131.1 million as of December 31, 2024, from $130.6 million in 2023[60].

Provident Financial (PROV) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this holding company for Provident Savings Bank would post earnings of $0.25 per share when it actually produced earnings of $0.28, delivering a surprise of 12%.Over th ...

Net Income of $872,000 in the December 2024 Quarter, Down 54% from the Sequential Quarter and 59% from the Comparable Quarter Last Year Net Interest Margin of 2.91% in the December 2024 Quarter, Up Seven Basis Points from the Sequential Quarter and 13 Basis Points from the Comparable Quarter Last Year Loans Held for Investment of $1.05 Billion at December 31, 2024, Unchanged from June 30, 2024 Total Deposits of $867.5 Million at December 31, 2024, Down 2% from June 30, 2024 Non-Performing Assets to Total A ...

RIVERSIDE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors authorized the repurchase of up to five percent (5%) of the Company’s common stock, approximately 334,773 shares. Beginning on January 24, 2025, the Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year peri ...

RIVERSIDE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. ("Company") (Nasdaq GS: PROV), the holding company for Provident Savings Bank, F.S.B., today announced that it will distribute a news release announcing earnings for the second quarter of fiscal 2025 prior to the market open on Tuesday, January 28, 2025. Additionally, the Company will host a conference call for institutional investors and bank analysts on the same day at 9:00 a.m. (Pacific) to discuss financial results. ...

Provident Financial (PROV) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Si ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [ ✓ ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 [ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to _________________ Commission File Number 000-28304 PROVIDENT FINANCIAL HOLDINGS, INC. (Exact name of registrant as ...

Provident Financial Holdings Inc (NASDAQ:PROV) Q1 2025 Results Conference Call October 29, 2024 12:00 PM ET Company Participants Donavon Ternes - President & CEO Conference Call Participants Andrew Liesch - Piper Sandler Timothy Coffey - Janney Montgomery Scott Operator Thank you for standing by. My name is Novi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Provident Financial Holdings First Quarter and Fiscal 2025 earnings call. [Operator Instructions ...

Exhibit 99.1 3756 Central Avenue NEWS RELEASE Riverside, CA 92506 (951) 686-6060 PROVIDENT FINANCIAL HOLDINGS REPORTS FIRST QUARTER OF FISCAL YEAR 2025 RESULTS Net Income of $1.90 Million in the September 2024 Quarter, Down 3% from the Sequential Quarter and Up 8% from the Comparable Quarter Last Year Net Interest Margin of 2.84% in the September 2024 Quarter, Up 10 Basis Points from the Sequential Quarter and Down Four Basis Points from the Comparable Quarter Last Year Loans Held for Investment of $1.05 Bi ...