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Provident Financial Holdings, Inc. - PROV STOCK NEWS

Welcome to our dedicated news page for Provident Financial Holdings (Ticker: PROV), a resource for investors and traders seeking the latest updates and insights on Provident Financial Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Provident Financial Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Provident Financial Holdings's position in the market.

Rhea-AI Summary
Provident Financial Holdings, Inc. will release its third-quarter fiscal 2024 earnings on April 29, 2024. The company will host a conference call on April 30, 2024, to discuss financial results. Dial 1-888-412-4131 for access.
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Rhea-AI Summary
Provident Financial Holdings, Inc. reported a net income of $2.14 million for the second quarter of fiscal 2024, with a decrease in net interest income and an increase in non-interest expenses. The company remains cautious about the economic climate and is closely monitoring the situation.
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Rhea-AI Sentiment
End-of-Day
2.1%
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Rhea-AI Summary
Provident Financial Holdings, Inc. announced a quarterly cash dividend of $0.14 per share for shareholders of its common stock. The dividend will be payable on March 7, 2024, and shareholders as of February 15, 2024, will be entitled to receive it.
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2%
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dividends
Rhea-AI Summary
Provident Financial Holdings, Inc. will release its earnings for the second quarter of fiscal 2024 on January 29, 2024. The company will also host a conference call for institutional investors and bank analysts on January 30, 2024 to discuss financial results. The conference call details and contacts are provided in the press release.
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1.45%
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Rhea-AI Summary
Provident Financial Holdings, Inc. (PROV) appoints Tam B. Nguyen as Senior Vice President, Chief Financial Officer, and Corporate Secretary, effective January 2, 2024. Donavon P. Ternes will become President and CEO. Ms. Nguyen has a strong background in finance and accounting, with professional designations including CPA, CGMA, and CMA. She holds an MBA from California State University, San Marcos, and dual Bachelor's degrees from the University of California, San Diego.
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Rhea-AI Summary
Provident Financial Holdings, Inc. declares a quarterly cash dividend of $0.14 per share. Shareholders of the Company's common stock will be entitled to receive the cash dividend on December 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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dividends
Rhea-AI Summary
Provident Financial Holdings, Inc. announced that CEO Craig G. Blunden is retiring and will become non-executive Chairman of the Board. Donavon P. Ternes will be appointed as President and CEO. The company is in the process of identifying a successor for the Chief Financial Officer position.
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-3.96%
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Rhea-AI Summary
Provident Financial Holdings, Inc. reported net income of $1.76 million in the September 2023 quarter, down 16% from the same period last year. Net interest margin remained unchanged at 2.88%. Loans held for investment decreased by 1% to $1.07 billion, while total deposits decreased by 2% to $931.1 million. Non-performing assets to total assets ratio was 0.10%. Return on average assets and return on average stockholders' equity decreased compared to the previous year. Net interest income increased by $174,000, or 2%. Interest income on loans receivable increased by 34% to $12.18 million. The net interest margin decreased by 17 basis points to 2.88%. The average yield on interest-earning assets increased to 4.20%, while the average cost of interest-bearing liabilities increased to 1.45%. Interest income from interest-earning deposits increased by 233% to $463,000. Interest expense on deposits increased by 495% to $1.89 million. Transaction account balances decreased by 4% while time deposits increased by 3%.
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4.55%
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Rhea-AI Summary
Provident Financial Holdings to announce earnings for Q1 of fiscal 2024
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-0.08%
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conferences earnings
Rhea-AI Summary
Provident Financial Holdings, Inc. authorized the repurchase of up to 5% of its common stock, approximately 350,353 shares, over a one-year period. The April 2022 stock repurchase program has been canceled. The Company's actual results may differ from forward-looking statements due to various factors.
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Rhea-AI Sentiment
End-of-Day
1.79%
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buyback
Provident Financial Holdings, Inc.

Nasdaq:PROV

PROV Rankings

PROV Stock Data

93.44M
3.77M
20.35%
52.64%
0.64%
Savings Institutions
Finance and Insurance
Link
United States
Riverside

About PROV

chartered in 1956, provident bank is the largest independent community bank in riverside county. we built provident bank, then called provident federal savings and loan association, on the strongest foundation possible: our customers. today, our customers are more the focus of what we do than ever before. changes in the way they live and work have taught us what our customers want and expect. asking and listening have taught us what a bank should be. our belief provident bank is committed to the belief that our communities are better served when decisions about financial products and services are made locally by people who know the markets. our corporate values reinforce this philosophy and challenge us to empower our ideas with action. corporate value our primary purpose is to understand the unique financial needs of our customers and to consistently create and deliver reliable products and services, which nurture solid, long-term client relationships and provide an environment for em