Recent Updates — PROV
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.
The Board of Directors declared a quarterly cash dividend of $0.14 per share on common stock. The record date is November 12, 2026, and the payment date is December 3, 2026. Provident Financial Holdings operates as a bank holding company for Provident Savings Bank in California.
Provident Financial Holdings, Inc. reported fourth quarter and fiscal year 2026 financial results on July 28, 2026. For the quarter ended June 30, 2026, net income rose 61% sequentially to $2.18 million, or $0.35 per diluted share, compared to $1.35 million in the prior quarter. Net interest margin expanded to 3.21%. For the full fiscal year 2026, net income increased 6% to $6.66 million, with diluted earnings per share of $1.03. Total deposits reached $910.4 million at June 30, 2026, and loans held for investment totaled $1.03 billion. The company also repurchased 89,974 shares during the quarter at an average cost of $16.97 per share. Provident Financial Holdings is a financial holding company that operates a savings bank.
Provident Financial Holdings, Inc. declared a quarterly cash dividend of $0.14 per share. Shareholders of record as of August 13, 2026, will receive the payment on September 3, 2026. Provident Financial Holdings, Inc. is a financial holding company that operates a savings bank.
On July 23, 2026, Provident Financial Holdings, Inc. appointed Donavon P. Ternes, the current President and CEO, to the Boards of Directors of the Corporation and Provident Savings Bank, F.S.B. to fill the vacancy created by the death of Director William E. Thomas in April 2026. Additionally, the Bank appointed Michael S. Van Stockum as Senior Vice President and Chief Lending Officer effective July 23, 2026. The company operates in the financial services industry as a bank holding company.