Welcome to our dedicated page for Provident Finl Hldgs news (Ticker: PROV), a resource for investors and traders seeking the latest updates and insights on Provident Finl Hldgs stock.
Provident Financial Holdings Inc (NASDAQ: PROV) delivers community-focused banking and mortgage services across Southern California's Inland Empire. This news hub provides investors and stakeholders with essential updates about the company's financial performance, regulatory developments, and market initiatives.
Access timely press releases covering earnings reports, dividend announcements, and leadership changes alongside regulatory filings with the SEC. Our curated collection simplifies tracking PROV's strategic decisions in mortgage lending operations, commercial real estate financing, and community banking services.
Discover updates on key business areas including single-family residential loans, multi-family property financing, and deposit account innovations. The archive maintains complete records of material events affecting PROV's position as a regional banking leader since 1956.
Bookmark this page for streamlined access to PROV's financial communications. Verify critical information directly from source documents while monitoring the company's ongoing commitment to localized decision-making and customer-centric service models.
Provident Financial Holdings (NASDAQ: PROV), parent company of Provident Bank, announced its Community Partnership Program has contributed over $931,000 to local non-profits since 2006. In 2024, the bank donated more than $39,000 to various organizations in Riverside and San Bernardino Counties.
The Program enables non-profit organizations to receive annual donations by linking their unique ID number to Provident Bank customer accounts. Organizations can increase their earnings as more members link their accounts. Provident Bank, with approximately $1.3 billion in total assets, is the largest independent community bank headquartered in Riverside County, California.
Provident Financial Holdings (NASDAQ: PROV) reported net income of $872,000 ($0.13 per diluted share) for Q2 FY2025, showing a significant decline of 59% from $2.14 million ($0.31 per diluted share) year-over-year. The decrease was primarily due to a $586,000 provision for credit losses and increased non-interest expenses.
Key financial metrics include: net interest margin of 2.91% (up 13 basis points YoY), loans held for investment at $1.05 billion (unchanged from June 2024), and total deposits of $867.5 million (down 2% from June 2024). The company maintained strong credit quality with a non-performing assets ratio of 0.20%.
The company remains active in its stock repurchase plan, with 63,556 shares repurchased at an average cost of $16.04 during Q2 FY2025.
Provident Financial Holdings (NASDAQ: PROV) has announced a quarterly cash dividend of $0.14 per share. The dividend will be distributed to shareholders who own the company's common stock at the close of business on February 13, 2025. Payment is scheduled for March 6, 2025. The announcement comes from the holding company of Provident Savings Bank, F.S.B.
Provident Financial Holdings (NASDAQ: PROV) has announced a new stock repurchase program authorized by its Board of Directors. The plan allows for the repurchase of up to 5% of the company's common stock, approximately 334,773 shares, starting January 24, 2025.
The repurchase program will be executed over a one-year period through open market or privately negotiated transactions. The timing and amount of purchases will depend on market conditions, capital requirements, and available cash. The company also announced the cancellation of its September 2023 stock repurchase program, which had 21,691 remaining eligible shares, effective January 24, 2025.
Provident Financial Holdings (Nasdaq GS: PROV) has announced it will release its second quarter fiscal 2025 earnings before the market opens on Tuesday, January 28, 2025. The company will host a conference call for institutional investors and bank analysts at 9:00 a.m. (Pacific) on the same day.
Interested parties can access the conference call by dialing 1-800-715-9871 with Conference ID 7361828. An audio replay will be available through Tuesday, February 4, 2025, accessible by dialing 1-800-770-2030 with the same Conference ID.
Provident Financial Holdings (PROV) reported net income of $1.90 million ($0.28 per diluted share) for Q1 FY2025, up 8% from $1.76 million year-over-year but down 3% sequentially. The net interest margin was 2.84%, up 10 basis points from the previous quarter. Total loans held for investment remained stable at $1.05 billion, while deposits decreased 3% to $863.9 million. The company benefited from a $697,000 recovery of credit losses and improved credit quality with non-performing assets ratio decreasing to 0.17%. The increase in earnings was partially offset by higher non-interest expenses and a decrease in net interest income.
Provident Financial Holdings (NASDAQ: PROV) has announced a quarterly cash dividend of $0.14 per share. The dividend will be paid on December 5, 2024, to shareholders of record as of the close of business on November 14, 2024. The company, which operates as the holding company for Provident Savings Bank, F.S.B., made this announcement through its Board of Directors.
Provident Financial Holdings, Inc. (Nasdaq GS: PROV), the holding company for Provident Savings Bank, F.S.B., has announced plans for its first quarter fiscal 2025 earnings release and conference call. The company will:
1. Distribute a news release announcing earnings prior to market open on Monday, October 28, 2024.
2. Host a conference call for institutional investors and bank analysts on Tuesday, October 29, 2024, at 9:00 a.m. (Pacific).
The conference call can be accessed by dialing 1-800-715-9871 and referencing Conference ID number 3610756. An audio replay will be available through Tuesday, November 5, 2024, by dialing 1-800-770-2030 with the same Conference ID.
Provident Financial Holdings (NASDAQ: PROV) has announced an extension of its September 28, 2023 Stock Repurchase Plan. The company's Board of Directors has authorized the extension for one year or until completion, whichever comes first. Currently, 99,968 shares are available for purchase under the Plan.
The plans to acquire these shares through open market purchases or privately negotiated transactions. The timing and volume of purchases will depend on various factors, including market conditions, capital requirements, and available cash allocated to the stock repurchase program.
Provident Financial Holdings (NASDAQ: PROV) reported net income of $1.95 million, or $0.28 per diluted share, for Q4 2024, up 8% from $1.81 million a year ago. The increase was primarily due to lower non-interest expenses and higher non-interest income, partially offset by decreased net interest income. For fiscal year 2024, net income decreased 14% to $7.35 million. Key metrics include:
- Net interest margin: 2.74% in Q4 2024
- Loans held for investment: $1.05 billion at June 30, 2024, down 2% YoY
- Total deposits: $888.3 million at June 30, 2024, down 7% YoY
- Non-performing assets to total assets ratio: 0.20% at June 30, 2024
The company remains committed to prudent expense management, strong risk practices, and maintaining a sound balance sheet while continuing cash dividends and stock repurchases.
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