Provident Financial Holdings reported net income of $1.57 million, or $0.25 per diluted share, for the first quarter ended September 30, 2026. This represents a 28% decline from the $2.18 million, or $0.35 per diluted share, recorded in the fourth quarter of fiscal 2026, and a 6% decrease compared to the same period last year. The sequential drop was primarily driven by a $777,000 provision for credit losses, contrasting with a $95,000 recovery in the prior quarter, alongside a $479,000 reduction in non-interest income. Net interest income rose 9% to $9.77 million, and net interest margin expanded 32 basis points to 3.32%. The company also repurchased approximately 86,400 shares at an average price of $18.30 and paid a quarterly cash dividend of $0.14 per share. Provident Financial Holdings operates as the holding company for Provident Savings Bank in California's Inland Empire.
