Provident Financial Holdings Announces New Stock Repurchase Plan

Rhea-AI Summary

Provident Financial Holdings (NASDAQ: PROV) announced that its Board authorized a stock repurchase program to buy up to 5% of common stock (approximately 318,875 shares). Purchases will begin on January 23, 2026 and may be made in the open market or through privately negotiated transactions over a one-year period, subject to market conditions, capital requirements and available cash. The company also canceled its January 2025 repurchase program effective January 23, 2026; 16,825 remaining shares from that prior program will no longer be repurchased.

Positive

• Board authorized repurchase of 5% of common stock (≈318,875 shares)
• Repurchases may occur in the open market or privately over a one-year period beginning Jan 23, 2026

Negative

• January 2025 repurchase program canceled; 16,825 remaining shares will not be repurchased

News Market Reaction – PROV

+0.18%

1 alert

+0.18% News Effect

On the day this news was published, PROV gained 0.18%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New buyback authorization: 5% of common stock Authorized shares: 318,875 shares Program duration: One-year period +2 more

5 metrics

New buyback authorization 5% of common stock Board-approved repurchase limit under 2026 program

Authorized shares 318,875 shares Maximum shares eligible for repurchase under new plan

Program duration One-year period Repurchases from Jan 23, 2026, over one year

Start date January 23, 2026 Commencement of new stock repurchase program

Canceled 2025 capacity 16,825 shares Remaining shares in January 2025 program no longer repurchasable

Market Reality Check

Price: $16.03 Vol: Volume 5,675 is below the...

normal vol

$16.03 Last Close

Volume Volume 5,675 is below the 20-day average of 7,321 shares pre-announcement. normal

Technical Shares at $16.27 are trading above the 200-day MA of $15.43 and near the 52-week high of $16.355.

Peers on Argus

PROV was up 1.31% pre-news while peers were mixed: RVSB down 1.15%, AUBN, LSBK, ...

PROV was up 1.31% pre-news while peers were mixed: RVSB down 1.15%, AUBN, LSBK, MGYR and SFBC modestly positive, indicating stock-specific dynamics rather than a broad sector move.

Previous Buybacks Reports

1 past event · Latest: Jan 23 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jan 23	Stock repurchase plan	Positive	+0.5%	Board authorized repurchase of up to 5% of common stock over one year.

Pattern Detected

Prior buyback authorization on Jan 23, 2025 led to a modest positive move of 0.45%, suggesting historically constructive but measured reactions to repurchase plans.

Recent Company History

Over the past six months, Provident Financial Holdings has combined capital returns with stable operating updates. Earnings reports highlighted net income in the $1.6–$1.7M range, ongoing share repurchases, and a consistent $0.14 quarterly dividend. A 5% stock repurchase program announced on Jan 23, 2025 allowed buybacks of about 334,773 shares and saw a 0.45% next-day gain. Today’s new buyback authorization follows that template of recurring repurchase capacity alongside regular dividends and earnings communications.

Historical Comparison

+0.5% avg move · In the past year, PROV announced one similar 5% buyback (Jan 2025) with an average next-day move of ...

buybacks

+0.5%

Average Historical Move buybacks

In the past year, PROV announced one similar 5% buyback (Jan 2025) with an average next-day move of 0.45%, indicating historically modest but positive reactions to repurchase plans.

The company repeated a 5% stock repurchase authorization after a similar 5% program launched in Jan 2025, signaling ongoing use of buybacks in its capital management approach.

Market Pulse Summary

This announcement adds a fresh 5% stock repurchase authorization, or roughly 318,875 shares, startin...

Analysis

This announcement adds a fresh 5% stock repurchase authorization, or roughly 318,875 shares, starting Jan 23, 2026, while cancelling the remaining 16,825 shares under the January 2025 plan. It continues a pattern of using buybacks alongside dividends as capital tools. Investors may focus on how actively the new authorization is used, upcoming earnings around late January, and ongoing regulatory filings such as the Form 10-K to assess balance-sheet flexibility and capital priorities.

Key Terms

stock repurchase program, forward-looking statements, annual report on form 10-k, securities and exchange commission

4 terms

stock repurchase program financial

"the January 2025 stock repurchase program is canceled effective January 23, 2026"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

forward-looking statements regulatory

"Certain matters in this News Release may constitute forward-looking statements within"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

annual report on form 10-k regulatory

"including its Annual Report on Form 10-K for the fiscal year ended June 30, 2025"

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

securities and exchange commission regulatory

"other risks detailed in the Company’s reports filed with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

RIVERSIDE, Calif., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors authorized the repurchase of up to five percent (5%) of the Company’s common stock, approximately 318,875 shares. Beginning on January 23, 2026, the Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase program, among other considerations.

Additionally, the January 2025 stock repurchase program is canceled effective January 23, 2026. There were 16,825 remaining shares eligible for repurchase in the January 2025 stock repurchase program that will no longer be repurchased.

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2025.

Contact:	Donavon P. Ternes	Peter C. Fan
	President and	Senior Vice President and
	Chief Executive Officer	Chief Financial Officer
	(951) 686-6060	(951) 686-6060

FAQ

What did Provident Financial Holdings (PROV) announce on January 23, 2026 about buybacks?

The company authorized a repurchase of up to 5% of common stock (≈318,875 shares), effective Jan 23, 2026.

When will PROV begin repurchasing shares and how long will the program run?

Purchases begin Jan 23, 2026 and may be made over a one-year period, depending on market conditions and capital needs.

How will Provident (PROV) execute the share repurchases?

The company may buy shares in the open market or via privately negotiated transactions.

Did Provident (PROV) change any prior repurchase programs?

Yes. The January 2025 repurchase program was canceled effective Jan 23, 2026, and 16,825 remaining shares will no longer be repurchased.

Does the PROV repurchase program guarantee the full 318,875 shares will be bought?

No; repurchases depend on market conditions, capital requirements and available cash, so the full amount is not guaranteed.