Provident Financial authorizes up to 5% buyback
The authorization follows a January 2026 plan that still has approximately 21,674 shares remaining for purchase.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
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.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Repurchase authorization: Up to 5% of common stock
Shares authorized for repurchase: Approximately 305,477 shares
Shares remaining for purchase: Approximately 21,674 shares
+1 more
4 metrics
Repurchase authorization
Up to 5% of common stock
New stock repurchase plan
Shares authorized for repurchase
Approximately 305,477 shares
New stock repurchase plan
Shares remaining for purchase
Approximately 21,674 shares
January 2026 stock repurchase plan
Repurchase period
One year
New stock repurchase plan
Key Terms
stock repurchase plan, privately negotiated transactions, forward-looking statements
3 terms
stock repurchase plan financial
"authorized the repurchase of up to five percent"
A stock repurchase plan is a company’s program to buy back its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to raise the value of remaining cards, buybacks can increase each remaining share’s claim on profits and often signal management believes the stock is undervalued or is an efficient way to return cash, which can affect share price and investor returns.
privately negotiated transactions financial
"open market or through privately negotiated transactions"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
forward-looking statements regulatory
"may constitute forward-looking statements"
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.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2026
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (951 ) 686-6060
Check the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On October 22, 2026, Provident Financial Holdings, Inc. (the “Corporation”) announced that the Corporation’s Board of Directors authorized the repurchase of up to five percent (5%) of the Company’s common stock, approximately 305,477 shares. This stock repurchase plan will commence after the January 2026 stock repurchase plan has been fulfilled and/or expires. There are approximately 21,674 shares remaining for purchase in the January 2026 plan. 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 plan, among other considerations.
The news release announcing the stock repurchase plan is attached as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits
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News release regarding the stock repurchase plan of Provident Financial Holdings, Inc. dated October 22, 2026.
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Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: October 23, 2026
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PROVIDENT FINANCIAL HOLDINGS, INC.
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/s/ Peter C. Fan
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Peter C. Fan
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Senior Vice President and Chief Financial Officer
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(Principal Financial and Accounting Officer)
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3756 Central Avenue
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NEWS RELEASE
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Riverside, CA 92506
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(951) 686-6060
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PROVIDENT FINANCIAL HOLDINGS
ANNOUNCES NEW STOCK REPURCHASE PLAN
Riverside, Calif. – October 22, 2026 – 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 305,477 shares. This stock repurchase plan will commence after the January 2026 stock repurchase plan has been fulfilled and/or expires. There are approximately 21,674 shares remaining for purchase in the January 2026 plan. 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 plan, among other considerations.
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, 2026.
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Contact:
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Donavon P. Ternes
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Peter C. Fan
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President and
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Senior Vice President and
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Chief Executive Officer
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Chief Financial Officer
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