Provident Financial Holdings Inc. (PROV) reported net income of $1.573 million for the quarter ended September 30, 2026, compared with $1.681 million a year earlier. Net interest income rose to $9.770 million from $8.930 million, while a $777,000 provision for credit losses replaced a $626,000 recovery. Basic earnings per share was $0.25, versus $0.26; diluted earnings per share was $0.25 in both quarters.
Total assets were $1,209.940 million at September 30, 2026, compared with $1,208.161 million at June 30, 2026; deposits were $897.728 million versus $910.383 million. Operating cash flow was $4.381 million, versus $2.496 million in the year-earlier quarter. Remaining borrowing capacity was approximately $464.2 million. The company reported $10.0 million of unrealized investment-security losses, attributing them to interest-rate changes rather than credit quality; it recorded no allowance for credit losses on held-to-maturity securities and no impairment of available-for-sale securities.
PROVIDENT FINANCIAL HOLDINGS INC (PROV) common shares are the subject of a proposed sale by Craig G. Blunden, identified as a director: 5,700 shares through Robert W. Baird & Co., Inc. The reported aggregate market value is $104,000, with an approximate sale date of November 5, 2026. The shares were acquired from the issuer for cash on March 8, 2018.
Provident Financial Holdings, Inc. (PROV) reported first-quarter fiscal 2027 net income of $1.57 million, or $0.25 per diluted share, for the quarter ended September 30, 2026. Net income was down 6% from $1.68 million a year earlier and 28% from the preceding quarter. A $777,000 provision for credit losses compared with a $626,000 recovery a year earlier; the provision primarily reflected a longer expected loan life associated with higher interest rates and a modest increase in the loan portfolio. Net interest income rose 9% to $9.77 million, and net interest margin increased 32 basis points to 3.32% year over year.
Loans held for investment were $1.04 billion at September 30, 2026, versus $1.03 billion at June 30, 2026, while deposits were $897.7 million, down 1% from $910.4 million. The allowance for credit losses was $6.59 million, or 0.64% of gross loans, compared with $5.85 million, or 0.57%, at June 30. Non-performing assets were $504,000, or 0.04% of total assets, unchanged as a ratio from June 30. PROV repurchased 86,431 shares at an average cost of $18.30 per share and paid a $0.14 quarterly cash dividend.
Provident Financial Holdings, Inc. (PROV) announced that its board authorized repurchases of up to 5% of the company’s common stock, approximately 305,477 shares. The new plan will commence after the January 2026 plan has been fulfilled and/or expires; approximately 21,674 shares remain for purchase under that earlier plan. Under the new plan, the company will purchase shares from time to time in the open market or through privately negotiated transactions over a one-year period, depending on market conditions, the company’s capital requirements and available cash that can be allocated to the plan, among other considerations.
Provident Financial Holdings, Inc. (PROV) declared a quarterly cash dividend of $0.14 per share. Shareholders of the company’s common stock at the close of business on November 12, 2026 will be entitled to receive the dividend, which will be payable on December 3, 2026.
Provident Financial Holdings, Inc. (PROV) is seeking shareholder votes at its November 19, 2026 annual meeting on the election of Craig G. Blunden and Brian N. Hawley, an advisory executive-compensation resolution and ratification of Deloitte & Touche LLP as independent auditor for the fiscal year ending June 30, 2027. The meeting will be held solely online. The board recommends votes FOR all three proposals.
Shareholders of record on September 30, 2026 may cast one vote per share; 6,197,727 common shares were issued and outstanding and entitled to vote on that date. Directors are elected by plurality; the compensation and auditor proposals require a majority of votes cast, and the compensation vote is non-binding. For fiscal 2026, net income was $6.655 million versus an $8.227 million threshold; the plan states net income must be met to trigger incentive awards. President and CEO Donavon P. Ternes reported total compensation of $854,551.
Provident Financial Holdings Inc. Vice President Haryanto Lee Sunarto had 1,081 shares withheld by the issuer on May 23, 2026, to satisfy tax withholding obligations tied to restricted-stock vesting; the reported price was $17.23 per share. His direct holdings after the transaction were 5,044 shares. The reported indirect holding through ESOP was 10,258 shares as of May 23, 2026. The amendment corrects the ownership footnote in the earlier Form 4.
Provident Financial Holdings Inc. (PROV) director Craig G. Blunden had 1,861 shares withheld on August 12, 2024, to satisfy tax withholding obligations connected with restricted-stock vesting. The transaction was reported at $13.24 per share. Afterward, his directly held common-stock position was 209,043 shares, including 3,750 restricted shares under the Provident 2022 Equity Incentive Plan that vest on August 12, 2026. He also reported 35,658 shares held indirectly by the ESOP.
Provident Financial Holdings Inc. (PROV) President & CEO Donavon P. Ternes reported that the issuer withheld 1,338 common shares on August 12, 2024, to satisfy tax withholding obligations tied to restricted-stock vesting; the reported price was $13.24 per share. Ternes's reported post-transaction position was 224,484 shares, including 47,500 shares owned by his spouse. A separate indirect holding was 16,880 shares by ESOP.
Provident Financial Holdings Inc. (PROV) Senior Vice President Gwendolyn Wertz had 1,853 shares withheld by the issuer on May 23, 2026, to satisfy tax withholding obligations connected with restricted-stock vesting; the reported price was $17.23 per share. Her reported direct holdings after the transaction were 18,684 shares, and she also reported 8,207 shares held indirectly by ESOP.