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Provident Financial Hldgs - $PROV STOCK NEWS

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

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 Hldgs'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.

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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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Rhea-AI Sentiment
End-of-Day
4.55%
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Rhea-AI Summary
Provident Financial Holdings to announce earnings for Q1 of fiscal 2024
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End-of-Day
-0.08%
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conferences earnings
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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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End-of-Day
1.79%
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buyback
Rhea-AI Summary
Provident Financial Holdings, Inc. announces certification of Teen Checking account by CFE Fund, meeting Bank On National Account Standards. Key features include no monthly service charge, no overdraft fees, and federal deposit insurance. Teen Checking is available in all 13 branches. Bank On certified accounts now available at over 46,000 branches across the country.
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End-of-Day
0.16%
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none
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Rhea-AI Summary
PROV - Provident Financial Holdings, Inc. Announces Quarterly Cash Dividend of $0.14 per Share
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-1.31%
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dividends
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2.86%
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-- %
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conferences earnings
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-0.07%
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buyback
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Rhea-AI Summary
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Rhea-AI Sentiment
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-0.07%
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dividends
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Rhea-AI Sentiment
End-of-Day
1.99%
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Provident Financial Hldgs

Nasdaq:PROV

PROV Rankings

PROV Stock Data

88.62M
3.77M
20.35%
52.64%
0.64%
Savings Institutions
Finance and Insurance
Link
United States of America
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