PROV
Provident Financial Holdings, Inc.16.10
-0.02-0.12%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Sparse Q&A reaffirms payoff risks
Q&A was sparse, largely reaffirming prepared remarks on robust originations offset by prepayments amid lower rates. Management stressed payoffs' double whammy—hindering loan growth while dragging NIM via deferred costs, as seen in this quarter's 5bps hit. June repricing unlikely to spur major payoffs since rates align closely with new production. They welcomed federal housing affordability pushes, citing California's supply-demand imbalance. Payoffs hurt twice. CEO stayed non-specific on portfolio growth odds over next four quarters. Investors will eye payoff trends for NIM expansion and balance sheet growth durability.
Key Stats
Market Cap
104.71MP/E (TTM)
17.89Basic EPS (TTM)
0.90Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2026 results
Provident Financial Holdings posted Q2 FY2026 net income of $1.4M, up 65% y/y, with diluted EPS at $0.22 versus $0.13. Net interest income climbed 2% y/y to $8.9M on a 3.03% margin, while a $158K credit loss recovery flipped last year's $586K provision; non-GAAP metrics not disclosed in the 10-Q. Loans held for investment dipped to $1.04B, deposits $872M, cash $54M, borrowings steady at $213M with $456M total availability. Non-performers fell to 0.08% of assets. Steady margins beat volatility.
8-K
Q2 net income $1.44M, NIM 3.03%
Provident Financial Holdings reported Q2 fiscal 2026 net income of $1.44 million, down 15% sequentially but up 65% year-over-year, driven by a 3.03% net interest margin—up 12 basis points YoY—despite lower credit loss recovery. Loans held for investment dipped to $1.04 billion; deposits fell to $872.4 million. Credit quality shines. Non-performing assets ratio hit 0.08%. Repurchased 96,260 shares at $15.80 average.
8-K
Quarterly dividend declared
8-K
New 318k share buyback authorized
Provident Financial Holdings authorized repurchasing up to 5% of its common stock, about 318,875 shares, starting January 23, 2026, over one year via open market or private deals, subject to market conditions and capital needs. It canceled the prior January 2025 program, scrapping 16,825 remaining shares. New plan signals capital return confidence. Risks include interest rates and regulatory shifts.
8-K
Shareholders elect directors, split on pay
Provident Financial Holdings held its annual shareholder meeting on November 20, 2025, electing Debbi H. Guthrie, Kathy M. Michalak, and Matthew E. Webb to its board for three-year terms despite 39% withheld votes each. Shareholders narrowly approved executive compensation advisory (52.75% for) while overwhelmingly ratifying Deloitte & Touche as auditors (97.67% for). Significant opposition signals board scrutiny.
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