Financial Data and Key Metrics Changes - In Q4 2021, the company originated and purchased $93.3 million of loans held for investment, an increase from $61 million in the prior sequential quarter [5] - Nonperforming assets decreased to $8.6 million from $9.8 million on March 31, 2021 [7] - The allowance for loan losses to gross loans held for investment decreased to 88 basis points from 98 basis points [8] - The net interest margin compressed by 6 basis points to 2.54% due to a decrease in the average yield on total interest-bearing assets [8][9] Business Line Data and Key Metrics Changes - Loans held for investment increased by approximately 1% compared to March 31, 2021, with increases in single-family and multifamily loan categories [6] - The company recorded a $767,000 negative provision for loan losses in the June 2021 quarter [8] - The average cost of deposits decreased by 2 basis points to 15 basis points [9] Market Data and Key Metrics Changes - The purchase market remains active but is constrained by low inventory, with demand for single-family products being robust [15] - Refinance activity began to slow in the June quarter but has since grown as mortgage rates have decreased [14] Company Strategy and Development Direction - The company aims to leverage its balance sheet with prudent loan portfolio growth while redeploying excess liquidity into government-sponsored mortgage-backed securities [11][12] - Maintaining cash dividends is prioritized over stock buyback activity, although stock repurchase remains a valid capital management tool [12][22] Management's Comments on Operating Environment and Future Outlook - Management expressed that current health protocols may have a minor impact on loan originations, but overall market activity remains strong [24][25] - The company believes that the lending environment is normalizing back to pre-pandemic levels, despite challenges in the purchase market [15][24] Other Important Information - The company recorded a $2.4 million credit for the employee retention tax credit in the June 2021 quarter [10] - The FTE count decreased to 161 from 178 year-over-year, indicating a 10% decline [10] Q&A Session Summary Question: Has refinance activity slowed or is it still elevated? - Management noted that refinance activity began to slow in the June quarter but has since grown as mortgage rates have decreased [14] Question: Can you describe the overall lending environment? - Management indicated that the purchase market is active but constrained by low inventory, with demand for single-family products remaining strong [15] Question: Was the current tax rate partly attributable to the employee retention tax credit? - Management confirmed that the employee retention credit provided a benefit, affecting the tax rate for the quarter [16] Question: Can you expand on the expense base and potential for branch consolidation? - Management stated that branch consolidation is reviewed as leases become due, and they have reduced FTE count significantly [20][21] Question: Is there a threshold where stock repurchase would become a priority? - Management emphasized that supporting the cash dividend is the priority, but stock repurchase remains part of their capital management strategy [22] Question: What is the concern level about future loan originations given health warnings? - Management believes there may be a minor impact from health conditions, but overall market activity remains strong [24][25]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 [ ] 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 specified in its cha ...

Provident Financial Holdings (NASDAQ:PROV) Q3 2021 Earnings Conference Call April 28, 2021 12:00 PM ET Company Participants Craig Blunden - Chairman and CEO Donavon Ternes - President, Chief Operating and Chief Financial Officer Conference Call Participants Tim Coffey - Janney Montgomery Nicholas Cucharale - Piper Sandler Ben Gerlinger - Hovde Group Operator Ladies and gentlemen, thank you very much for standing by. Welcome to the Provident Financial Holdings Third Quarter Earnings Call. [Operator Instructi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 [ ] 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 specified in its charter) De ...

Start Time: 12:00 January 1, 0000 12:29 PM ET Provident Financial Holdings, Inc. (NASDAQ:PROV) Q2 2021 Earnings Conference Call January 28, 2021, 12:00 PM ET Company Participants Craig Blunden - Chairman and CEO Donavon Ternes - President, COO and CFO Conference Call Participants Timothy Coffey - Janney Montgomery Scott Operator Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later, there will be an oppor ...

Provident Financial Holdings, Inc. (NASDAQ:PROV) Q3 2020 Results Earnings Conference Call October 29, 2020 12:00 PM ET Company Participants Craig Blunden - Chairman and CEO Donavon Ternes - President, Chief Operating and CFO Conference Call Participants Tim Coffey - Janney Montgomery Scott Matthew Clark - Piper Sandler & Co. Operator And ladies and gentlemen, thank you for standing by. Welcome to the Provident Financial Holdings First Quarter Earnings Conference Call. At this time, all participants are in l ...

TM | --- | --- | --- | |-------|-------|-------| | | | | | | | | | D | | | September 30, 2020 PROVIDENT2 www.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 ...

Provident Financial Holdings, Inc. (NASDAQ:PROV) Q4 2020 Earnings Conference Call July 29, 2020 12:00 PM ET Company Participants Craig Blunden - Chairman & CEO Donavon Ternes - President, COO, CFO & Corporate Secretary Conference Call Participants Matthew Clark - Piper Sandler & Co. Timothy Coffey - Janney Montgomery Scott Kevin Swanson - Hovde Group Operator Ladies and gentlemen, thank you for standing by, and welcome to the Provident Financial Holdings Fourth Quarter Earnings Conference Call. [Operator In ...

Provident Financial Holdings, Inc. (NASDAQ:PROV) Q2 2020 Results Conference Call January 28, 2020 12:00 PM ET Company Participants Craig Blunden - Chairman and CEO Donavon Ternes - President, COO and CFO Conference Call Participants Kevin Swanson - Hovde Group Tim Coffey - Janney Operator Ladies and gentlemen, thank you for standing by, and welcome to the Provident Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. In ...

Provident Financial Holdings, Inc. (NASDAQ:PROV) Q1 2020 Earnings Conference Call October 30, 2019 12:00 PM ET Company Participants Craig Blunden - Chairman and CEO Donavan Ternes - CFO Conference Call Participants Tim O'Brien - Sandler O'Neil Tim Coffey - Janney Montgomery Scott Operator Ladies and gentlemen, thank you for standing by and welcome to the First Quarter Earnings Call. At this time all participants are in a listen-only mode. Later they'll be an opportunity for questions. [Operator Instructions ...