Provident Financial Holdings reports recurring developments as the holding company for Provident Savings Bank, F.S.B., a community banking institution serving consumers and small to midsized businesses in the Inland Empire region of Southern California. Company updates focus on deposit gathering, banking services, and loan activity across single-family, multifamily, commercial real estate, construction, commercial business, and consumer categories.
News commonly covers quarterly earnings, net interest margin, loan and deposit balances, credit quality, investment securities, cash dividends, stock repurchase authorizations, earnings calls, regional bank recognition, and board governance matters.
Provident Financial Holdings, Inc. (NASDAQ: PROV) announced it will release its earnings for Q1 fiscal 2021 on October 28, 2020, before market open. A conference call for institutional investors and bank analysts is scheduled for October 29, 2020, at 9:00 a.m. Pacific Time to discuss the financial results. Participants can join the call by dialing 1-844-291-5489 with access code 7785263. An audio replay will be available until November 5, 2020.
Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share, payable on September 10, 2020. Shareholders holding common stock by the market close on August 20, 2020 are eligible for this dividend. The announcement reflects the company’s commitment to returning value to its shareholders amidst market dynamics.
Provident Financial Holdings reported a net income of $1.58 million for the quarter ended June 30, 2020, a 101% increase from the previous year. Non-interest expenses fell 32% to $6.60 million. Loans held for investment rose 3% to $902.8 million, and total deposits increased 6% to $893 million. Non-performing assets dropped 21% to $4.9 million. For the fiscal year, net income surged 74% to $7.69 million. Despite challenges, the company maintains strong capital and operational resilience amid the COVID-19 pandemic.
Provident Financial Holdings, Inc. (PROV) announced plans to release its fourth-quarter fiscal 2020 earnings on July 28, 2020, before market open. The company will conduct a conference call for investors and analysts on July 29, 2020, at 9:00 a.m. Pacific Time to discuss the financial results. Interested parties can access the call by dialing 1-844-291-6362 with access code 6176327. An audio replay will be available until August 5, 2020.
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