STOCK TITAN
  1. Home
  2. News
  3. PROV

Provident Financial Hldgs - PROV STOCK NEWS

Welcome to our dedicated page for Provident Financial Hldgs news (Ticker: PROV), a resource for investors and traders seeking the latest updates and insights on Provident Financial Hldgs stock.

Provident Financial Holdings Inc. (PROV), chartered in 1956, operates as the largest independent community bank in Riverside County, California. Originally founded as Provident Federal Savings and Loan Association, the bank has always prioritized its customers, adapting to their changing needs and expectations over the years.

Provident Bank is committed to local decision-making, believing that communities are better served when financial products and services are tailored by people who understand the local markets. This philosophy is ingrained in their corporate values, which emphasize understanding the unique financial needs of customers and delivering reliable products and services to foster long-term client relationships.

The company's primary business segment is community and mortgage banking. It provides a wide range of banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. Key activities include attracting deposits, offering business checking accounts, and originating and purchasing various types of loans, such as single-family, multi-family, commercial real estate, construction, and consumer loans. Additionally, Provident Bank services loans for other entities.

Recent achievements and current projects reflect Provident Bank's dedication to maintaining high asset quality and supporting the financial health of its community. The bank continues to innovate, ensuring its offerings meet the evolving needs of its customers.

News

Provident Financial Holdings To Host Earnings Release Conference Call

Rhea-AI Summary
Provident Financial Holdings, Inc. will release its third-quarter fiscal 2024 earnings on April 29, 2024. The company will host a conference call on April 30, 2024, to discuss financial results. Dial 1-888-412-4131 for access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
Tags
conferences earnings
-
News

Provident Financial Holdings Reports Second Quarter Fiscal Year 2024 Results

Rhea-AI Summary
Provident Financial Holdings, Inc. reported a net income of $2.14 million for the second quarter of fiscal 2024, with a decrease in net interest income and an increase in non-interest expenses. The company remains cautious about the economic climate and is closely monitoring the situation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
earnings
-
News

Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary
Provident Financial Holdings, Inc. announced a quarterly cash dividend of $0.14 per share for shareholders of its common stock. The dividend will be payable on March 7, 2024, and shareholders as of February 15, 2024, will be entitled to receive it.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
Tags
dividends
News

Provident Financial Holdings To Host Earnings Release Conference Call

Rhea-AI Summary
Provident Financial Holdings, Inc. will release its earnings for the second quarter of fiscal 2024 on January 29, 2024. The company will also host a conference call for institutional investors and bank analysts on January 30, 2024 to discuss financial results. The conference call details and contacts are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
conferences earnings
-
News

Provident Financial Holdings Announces CFO Succession

Rhea-AI Summary
Provident Financial Holdings, Inc. (PROV) appoints Tam B. Nguyen as Senior Vice President, Chief Financial Officer, and Corporate Secretary, effective January 2, 2024. Donavon P. Ternes will become President and CEO. Ms. Nguyen has a strong background in finance and accounting, with professional designations including CPA, CGMA, and CMA. She holds an MBA from California State University, San Marcos, and dual Bachelor's degrees from the University of California, San Diego.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
none
-
News

Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary
Provident Financial Holdings, Inc. declares a quarterly cash dividend of $0.14 per share. Shareholders of the Company's common stock will be entitled to receive the cash dividend on December 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
dividends
News

Provident Financial Holdings Announces CEO Succession

Rhea-AI Summary
Provident Financial Holdings, Inc. announced that CEO Craig G. Blunden is retiring and will become non-executive Chairman of the Board. Donavon P. Ternes will be appointed as President and CEO. The company is in the process of identifying a successor for the Chief Financial Officer position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.96%
Tags
none
-
News

Provident Financial Holdings Reports First Quarter Fiscal Year 2024 Results

Rhea-AI Summary
Provident Financial Holdings, Inc. reported net income of $1.76 million in the September 2023 quarter, down 16% from the same period last year. Net interest margin remained unchanged at 2.88%. Loans held for investment decreased by 1% to $1.07 billion, while total deposits decreased by 2% to $931.1 million. Non-performing assets to total assets ratio was 0.10%. Return on average assets and return on average stockholders' equity decreased compared to the previous year. Net interest income increased by $174,000, or 2%. Interest income on loans receivable increased by 34% to $12.18 million. The net interest margin decreased by 17 basis points to 2.88%. The average yield on interest-earning assets increased to 4.20%, while the average cost of interest-bearing liabilities increased to 1.45%. Interest income from interest-earning deposits increased by 233% to $463,000. Interest expense on deposits increased by 495% to $1.89 million. Transaction account balances decreased by 4% while time deposits increased by 3%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
earnings
-
News

Provident Financial Holdings To Host Earnings Release Conference Call

Rhea-AI Summary
Provident Financial Holdings to announce earnings for Q1 of fiscal 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
conferences earnings
News

Provident Financial Holdings Announces New Stock Repurchase Plan

Rhea-AI Summary
Provident Financial Holdings, Inc. authorized the repurchase of up to 5% of its common stock, approximately 350,353 shares, over a one-year period. The April 2022 stock repurchase program has been canceled. The Company's actual results may differ from forward-looking statements due to various factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
buyback

FAQ

What is the current stock price of Provident Financial Hldgs (PROV)?

The current stock price of Provident Financial Hldgs (PROV) is $16.44 as of December 20, 2024.

What is the market cap of Provident Financial Hldgs (PROV)?

The market cap of Provident Financial Hldgs (PROV) is approximately 110.9M.

What is Provident Financial Holdings Inc.?

Provident Financial Holdings Inc. is the largest independent community bank in Riverside County, California, providing community and mortgage banking services.

When was Provident Financial Holdings Inc. founded?

The company was chartered in 1956.

What types of services does Provident Financial Holdings Inc. offer?

The bank offers a variety of services, including business checking accounts, consumer loans, and mortgage banking services. It also originates and purchases single-family, multi-family, commercial real estate, and construction loans.

Where does Provident Financial Holdings Inc. operate?

The bank primarily serves the Inland Empire region of Southern California.

What is Provident Financial Holdings Inc.'s approach to banking?

The bank focuses on local decision-making to better serve its communities, understanding local markets and tailoring products accordingly.

What is the company's primary business segment?

Provident Financial Holdings Inc.'s primary business segment is community and mortgage banking.

Does Provident Financial Holdings Inc. service loans for other entities?

Yes, the bank services loans for other entities as part of its operations.

What are some recent achievements of Provident Financial Holdings Inc.?

Recent achievements focus on maintaining high asset quality and supporting community financial health.

What is the company's philosophy?

Provident Financial Holdings Inc. believes in local decision-making and understanding the unique financial needs of its customers to create long-term client relationships.

How does Provident Financial Holdings Inc. adapt to customer needs?

The bank continuously innovates and listens to customer feedback to ensure its offerings meet evolving needs.

Stock PROV logo
Provident Financial Hldgs

Nasdaq:PROV

PROV Rankings

#4323 Ranked by Market Cap
#944 Ranked by Dividends

PROV Stock Data

110.91M
5.39M
18.53%
48.57%
0.34%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
RIVERSIDE