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Provident Financial Holdings inc   (PROV)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $14.0800 $0.31 2.251%
Day's High: $14.08 Week Perf: 0.57 %
Day's Low: $ 13.66 30 Day Perf: -3.43 %
Volume (M): 15 52 Wk High: $ 15.40
Volume (M$): $ 210 52 Wk Avg: $13.01
Open: $13.66 52 Wk Low: $10.16



 Market Capitalization (Millions $) 97
 Shares Outstanding (Millions) 7
 Employees 528
 Revenues (TTM) (Millions $) 40
 Net Income (TTM) (Millions $) 8
 Cash Flow (TTM) (Millions $) 22
 Capital Exp. (TTM) (Millions $) 1

Provident Financial Holdings Inc

The Bank, founded in 1956, is a federally chartered stock savings bank headquartered in Riverside, California. The Bank is regulated by the Office of the Comptroller of the Currency (“OCC”), its primary federal regulator, and the Federal Deposit Insurance Corporation (“FDIC”), the insurer of its deposits. The Bank’s deposits are federally insured up to applicable limits by the FDIC. The Bank has been a member of the Federal Home Loan Bank (“FHLB”) – San Francisco since 1956.

The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Bank conducts its business operations as Provident Bank, Provident Bank Mortgage (“PBM”), a division of the Bank, and through its subsidiary, Provident Financial Corp. The business activities of the Bank consist of community banking, mortgage banking, investment services and trustee services for real estate transactions.

The Bank’s community banking operations primarily consist of accepting deposits from customers within the communities surrounding its full service offices and investing those funds in single-family, multi-family, commercial real estate, construction, commercial business, consumer and other mortgage loans. The Banks mortgage banking activities primarily consist of the origination, purchase and sale of single-family mortgage loans (including second mortgages and equity lines of credit). Through its subsidiary, Provident Financial Corp, the Bank conducts trustee services for the Bank’s real estate transactions and in the past has held real estate for investment.

The lending activity of the Bank is predominately comprised of the origination of first mortgage loans secured by single-family residential properties to be held for sale and, to a lesser extent, to be held for investment. The Bank also originates multi-family and commercial real estate loans and, to a lesser extent, construction, commercial business, consumer and other mortgage loans to be held for investment.

Mortgage banking involves the risk that a rise in interest rates will reduce the value of a mortgage before it can be sold. This type of risk occurs when the Bank commits to an interest rate lock on a borrower’s application during the origination process and interest rates increase before the loan can be sold. Such interest rate risk also arises when mortgages are placed in the warehouse (i.e., held for sale) without locking in an interest rate for their eventual sale in the secondary market. The Bank seeks to control or limit the interest rate risk caused by mortgage banking activities. The two methods used by the Bank to help reduce interest rate risk from its mortgage banking activities are loan sale commitments and the purchase of over-the-counter put and call option contracts related to mortgage-backed securities. At various times, depending on loan origination volume and management’s assessment of projected loans which may not fund, the Bank may reduce or increase its derivative positions. If the Bank is unable to reasonably predict the amount of loan commitments which may not fund, the Bank may enter into “best-efforts” loan sale commitments rather than “mandatory” loan sale commitments. Mandatory loan sale commitments may include whole loan and/or To-Be-Announced MBS (“TBA MBS”) loan sale commitments.



   Company Address: 3756 Central Avenue Riverside 92506 CA
   Company Phone Number: 686-6060   Stock Exchange / Ticker: NASDAQ PROV
   


Customers Net Income fell by PROV's Customers Net Profit Margin fell to

-4.24 %

11.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Provident Financial Holdings Inc

Provident Financial Holdings Inc. Faces Clashing Performance in Q2 2024 Amidst Competitors' Soaring Growth

As an analyst for the , I have been closely examining the financial results of Provident Financial Holdings Inc. and observed some interesting trends. In the Dec 31, 2023 report, the company experienced a revenue growth of 2.158%, which unfortunately could not prevent a reduction in income by -6.06% compared to the corresponding reporting period a year ago. The company reported revenue of $10.37 million and earnings per share of $0.31.
To evaluate the company's second quarter of 2024 prospects, it is important to consider the performance of the S&Ls Savings Banks sector as a whole. It is becoming apparent that Provident Financial Holdings Inc. has underachieved compared to its peers, as they released business growth of 35.83% from the second quarter of 2023. In contrast, Provident Financial Holdings Inc. saw a 24% growth in bottom-line from $0.25 per share and a 10.958% growth in revenue from $9.35 million in the preceding reporting period.

Dividend

Provident Financial Holdings Inc Surprises Shareholders with Quarterly Cash Dividend and Remains Competitive in the Financial Sector

Published Fri, Jan 26 2024 12:22 AM UTC

Provident Financial Holdings Inc. Declares Quarterly Cash Dividend
RIVERSIDE, Calif., Jan. 25, 2024 - Provident Financial Holdings, Inc. (NASDAQ GS: PROV), the holding company for Provident Savings Bank, F.S.B., has announced a quarterly cash dividend of $0.14 per share. Shareholders of the company's common stock as of February 15, 2024, will be eligible to receive the c...

Provident Financial Holdings Inc

Surprising Revenue Decline: A Single-Digit Setback at Provident Financial Holdings Inc, Revealed by Latest Fiscal Report!



Recently, Provident Financial Holdings Inc (PROV) released its financial report for the most recent fiscal period, revealing a concerning trend of declining profits and revenues. This underperformance, coupled with shrinking margins and decreasing net margins, suggests that the company is facing significant challenges. Furthermore, a build-up in accounts receivable is indicative of a potential decline in demand. As a result, investors should exercise caution when considering the investment prospects of Provident Financial Holdings Inc.
Profit and Revenue Decline:
Provident Financial Holdings Inc experienced a sharp decline in income, with earnings falling by -13.79% to $0.25 per share and revenue decreasing by -5.587% to $9.35 million, year on year. In comparison to the previous period, net profit per share decreased by -0.32% from $0.25 per share, and revenue deteriorated by -10.36% from $10.43 million. These figures depict a substantial decline in the company's financial performance, suggesting potential trouble ahead.

Provident Financial Holdings Inc

Provident Financial Holdings Inc Defies Industry Trends with Increased Revenue Despite Lower Earnings Per Share

Provident Financial Holdings Inc, a company in the S&Ls Savings Banks sector, has reported declining earnings per share (EPS) despite an increase in revenue for the April to June 30, 2023 period. While revenue grew by 3.402% to $10.43 million in comparison to $10.08 million on a year-over-year basis, net profit per share dropped by 26.08% to $0.25 per share. This is in contrast to the income per share of $0.34 in the same interval a year prior.
Interestingly, Provident Financial Holdings Inc stands out amidst a situation where most of its peers in the S&Ls Savings Banks industry reported a contraction in their top-line. During the preceding reporting season, the company achieved revenue of $10.21 million and a bottom line of $0.33 per share. However, net income in the fourth quarter of the 2023 earnings season fell by 26.59% to $1.808 million compared to $2.463 million in the corresponding period the previous year.

Provident Financial Holdings Inc

Provident Financial Holdings Inc. Achieves Impressive Revenue Surge of 9.853% in Q1 2023

Investors, rejoice! Provident Financial Holdings Inc has just announced some impressive figures that are sure to excite those with a keen interest in the stock market. The fiscal period ending March 31 2023 saw the company report an impressive earnings per share (EPS) advance of 43.48%, soaring to $0.33 from the previous year. This is exciting news for those invested in the company, as it shows significant growth potential in the coming years.
Revenue also increased by a sizeable 9.853% to reach a total of $10.21 million. This is an impressive feat, especially when compared to the prior year reporting season, where revenue only reached $9.30 million. Despite the increase in revenue, income per share remained unchanged from the prior year, which once again demonstrates Provident Financial Holding Inc's ability to maintain growth rates.






 

Provident Financial Holdings Inc's Segments
 
 
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