Compared to Estimates, Provident Financial (PROV) Q1 Earnings: A Look at Key Metrics

Core Insights - Provident Financial reported a revenue of $9.52 million for the quarter ended September 2024, reflecting a year-over-year decline of 3.8% and a surprise of -2.26% compared to the Zacks Consensus Estimate of $9.74 million. The EPS for the same period was $0.28, up from $0.25 a year ago, resulting in an EPS surprise of +12.00% [1] Financial Performance Metrics - Net Interest Margin was reported at 2.8%, matching the average estimate by two analysts [3] - Efficiency ratio stood at 79.1%, higher than the average estimate of 76.2% by two analysts [3] - Total Non-Interest Income was $0.90 million, slightly below the average estimate of $0.93 million [3] - Net Interest Income was reported at $8.62 million, lower than the average estimate of $8.81 million [3] Stock Performance - Shares of Provident Financial have returned +7.7% over the past month, outperforming the Zacks S&P 500 composite's +2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]