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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, 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.
Provident Financial Holdings, Inc. (NASDAQ GS: PROV) announced a quarterly cash dividend of $0.14 per share, declared by its Board of Directors. Shareholders on record as of November 18, 2021 will receive the dividend, payable on December 9, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.
Provident Financial Holdings, Inc. (NASDAQ: PROV) reported a net income of $2.67 million for the first quarter of fiscal 2022, marking an 80% increase from $1.49 million in the same quarter last year. Loans held for investment rose 1% to $859 million, while total deposits increased 2% to $956.7 million. The company experienced improved asset quality with a recovery from the allowance for loan losses amounting to $339,000. However, net interest income declined by 3% to $7.89 million, and diluted earnings per share decreased by 20% from the previous quarter.
Provident Financial Holdings, Inc. (Nasdaq GS: PROV) will announce its earnings for Q1 fiscal 2022 on October 26, 2021, before market open. A conference call for investors and analysts is scheduled for October 27, 2021, at 9:00 a.m. Pacific Time to discuss these financial results. Interested parties can join the call by dialing 1-877-226-8163 with access code 4589704. An audio replay will be available until November 3, 2021. The announcement indicates ongoing communication with stakeholders and highlights a structured approach to financial reporting.
Provident Financial Holdings (NASDAQ: PROV) reported a net income of $3.34 million for the quarter ended June 30, 2021, significantly up from $1.58 million year-over-year. Earnings per diluted share rose to $0.44, a 111% increase. Total deposits increased by 5% to $938 million, while loans held for investment rose by 1% to $851 million. The company experienced an improved asset quality with a recovery from loan loss provisions amounting to $767,000. However, net interest income decreased by 11%, reflecting lower margins in a challenging interest rate environment.
Provident Financial Holdings, the parent company of Provident Savings Bank, has donated over $750,000 to local non-profits through its Community Partnership Program since 2006. In 2020, the bank contributed more than $49,000 to various organizations in Riverside and San Bernardino Counties. This initiative allows participating non-profits to link their ID number to bank customers, enhancing their donation potential. With approximately $1.2 billion in assets, Provident Bank remains the largest independent community bank in Riverside County.
Provident Financial Holdings announced a quarterly cash dividend of $0.14 per share. Shareholders on record by the close of business on August 12, 2021 will receive this dividend, which is payable on September 2, 2021. This declaration underlines the company's commitment to returning value to shareholders despite a challenging business environment, influenced by factors such as interest rates and regulatory changes.
Provident Financial Holdings, Inc. (Nasdaq: PROV) announced the release of its fourth-quarter earnings for fiscal 2021 on July 28, 2021, at 3:00 a.m. Pacific Time. A conference call for institutional investors and analysts will follow on July 29, 2021, at 9:00 a.m. Pacific Time, to discuss the financial results. Participants can access the call by dialing 1-877-692-8955 with the access code 5497888. An audio replay will be available until August 5, 2021. This upcoming earnings announcement and conference call are significant milestones for the company's ongoing financial transparency.
Provident Financial Holdings, Inc. (NASDAQ: PROV) has extended its stock repurchase plan for one year or until completed, as of April 27, 2021. The Board of Directors authorized the repurchase of 317,108 shares, which will be acquired through open market transactions or private negotiations based on market conditions and available cash. This move aims to bolster shareholder value amidst ongoing financial assessments.