Welcome to our dedicated page for Provident Finl Hldgs news (Ticker: PROV), a resource for investors and traders seeking the latest updates and insights on Provident Finl Hldgs stock.
Provident Financial Holdings Inc (NASDAQ: PROV) delivers community-focused banking and mortgage services across Southern California's Inland Empire. This news hub provides investors and stakeholders with essential updates about the company's financial performance, regulatory developments, and market initiatives.
Access timely press releases covering earnings reports, dividend announcements, and leadership changes alongside regulatory filings with the SEC. Our curated collection simplifies tracking PROV's strategic decisions in mortgage lending operations, commercial real estate financing, and community banking services.
Discover updates on key business areas including single-family residential loans, multi-family property financing, and deposit account innovations. The archive maintains complete records of material events affecting PROV's position as a regional banking leader since 1956.
Bookmark this page for streamlined access to PROV's financial communications. Verify critical information directly from source documents while monitoring the company's ongoing commitment to localized decision-making and customer-centric service models.
Provident Financial Holdings, Inc. (NASDAQ: PROV) reported a net income of $2.46 million for the June 2022 quarter, down 26% year-over-year. Total net interest margin expanded by 32 basis points, reaching 2.93%. Loans held for investment increased by 11% to $940 million, while total deposits rose 2% to $955.5 million. Fiscal year net income increased by 20% to $9.09 million, with diluted EPS climbing to $1.22. However, return on average assets and equity declined. Non-interest expenses rose by 31% due to the absence of prior year tax credits, although they remained well-controlled.
Provident Financial Holdings, Inc. (Nasdaq: PROV) announced it will release its earnings for Q4 fiscal 2022 on July 26, 2022, before market open. The company plans to host a conference call on July 27, 2022, at 9:00 AM (PT) for institutional investors and bank analysts to discuss these results. Interested parties can access the call by dialing 1-844-291-6356 with access code 2262909. An audio replay will be available until August 3, 2022, by calling 1-866-207-1041 and using access code 5500963.
Provident Financial Holdings, Inc. (NASDAQ: PROV) has declared a quarterly cash dividend of $0.14 per share for its shareholders. The dividend is payable on June 9, 2022, to shareholders of record as of May 19, 2022. This decision reflects the Company's ongoing commitment to returning value to its investors while navigating the financial landscape.
Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a stock repurchase program targeting up to 5% of its common stock, equating to approximately 364,259 shares. This initiative, effective April 28, 2022, will be executed over a one-year period, contingent on market conditions and capital availability. The repurchase aims to enhance shareholder value and optimize capital allocation.
Provident Financial Holdings, Inc. (NASDAQ: PROV) reported a net income of $1.70 million for the third quarter of fiscal 2022, up 9% year-over-year, driven by a $445,000 recovery from loan losses. Total deposits increased 3% to $963.5 million, while loans held for investment rose 5% to $893.6 million. The return on average assets was 0.57%, and the return on equity reached 5.33%. Notably, non-interest expenses were well-controlled at $6.90 million. However, the net income decreased 25% sequentially due to declines in loan servicing fees and net interest income.
Provident Financial Holdings, Inc. (Nasdaq GS: PROV) announced it will release its earnings for Q3 2022 on April 26, 2022, before market open. The release will be followed by a conference call on April 27, 2022, at 9:00 a.m. (Pacific), aimed at institutional investors and bank analysts to discuss financial results. Interested participants can access the call by dialing 1-844-867-6169 with the code 6034711. An audio replay will be available until May 4, 2022, at 1-866-207-1041 using access code 9455626.
Provident Financial Holdings, Inc. (PROV) reported a net income of $2.26 million for the quarter ending December 31, 2021, marking a 93% increase year-over-year. The increase was attributed to improved provisions for loan losses and a 40% rise in non-interest income. Total deposits rose 2% to $956.3 million. However, net income decreased 15% from the previous quarter, primarily due to increased non-interest expenses. The company maintains a strong financial foundation, highlighted by a return on average assets of 0.76% and a return on average equity of 7.11%.
Provident Financial Holdings, NASDAQ: PROV, announced a quarterly cash dividend of $0.14 per share, with a record date of February 15, 2022, and a payment date of March 8, 2022. Shareholders will benefit from this cash distribution. The company emphasized its commitment to shareholders while noting potential risks related to market conditions, interest rates, and regulatory changes that could affect future performance. The announcement reflects the company's ongoing financial health and dedication to shareholder returns.
Provident Financial Holdings, Inc. (Nasdaq GS: PROV) will announce its Q2 fiscal 2022 earnings on January 26, 2022, before market open. A conference call for institutional investors will follow on January 27, 2022, at 9:00 a.m. (Pacific) to discuss financial results. Details for accessing the call include a dial-in number of 1-877-226-8189 with access code 5331748. An audio replay will be available from January 27 to February 3, 2022, using the number 1-866-207-1041 and access code 9244107.
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