Provident Financial HoldingsNASDAQ: PROV

Provident Financial (PROV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Provident Financial Holdings Inc (NASDAQ:PROV ) Q1 2025 Results Conference Call October 29, 2024 12:00 PM ET Company Participants Donavon Ternes - President & CEO Conference Call Participants Andrew Liesch - Piper Sandler Timothy Coffey - Janney Montgomery Scott Operator Thank you for standing by. My name is Novi, and I will be your conference operator today.

The headline numbers for Provident Financial (PROV) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Provident Financial (PROV) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago.

Net Income of $1.90 Million in the September 2024 Quarter, Down 3% from the Sequential Quarter and Up 8% from the Comparable Quarter Last Year Net Interest Margin of 2.84% in the September 2024 Quarter, Up 10 Basis Points from the Sequential Quarter and Down Four Basis Points from the Comparable Quarter Last Year Loans Held for Investment of $1.05 Billion at September 30, 2024, Unchanged from June 30, 2024 Total Deposits of $863.9 Million at September 30, 2024, Down 3% from June 30, 2024 Non-Performing Assets to Total Assets Ratio of 0.17% at September 30, 2024, Improved from 0.20% at June 30, 2024 Non-Interest Expenses Remain Well Controlled RIVERSIDE, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- October 28, 2024 – Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B.

RIVERSIDE, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B.

RIVERSIDE, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”) (Nasdaq GS: PROV), the holding company for Provident Savings Bank, F.S.B.

RIVERSIDE, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company's Board of Directors authorized an extension of the September 28, 2023 Stock Repurchase Plan (“Plan”) for a period of one year or until completed, whichever occurs first. There are 99,968 shares currently available to be purchased under the Plan. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations.

Provident Financial (PROV) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.26 per share a year ago.