Provident Financial (NASDAQ: PROV) approves 5% share repurchase plan

Rhea-AI Filing Summary

Provident Financial Holdings, Inc. announced that its Board of Directors authorized a new stock repurchase program for up to five percent of the company’s common stock, or approximately 318,875 shares. Beginning on January 23, 2026, the company may buy back shares over a one-year period through open-market purchases or privately negotiated transactions, depending on market conditions, capital needs, and available cash. At the same time, the company canceled its January 2025 repurchase program effective January 23, 2026, leaving 16,825 previously authorized shares that will no longer be repurchased.

Insights

Equity Capital Allocation Analyst

Provident adds a new 5% buyback while canceling its prior program.

Provident Financial Holdings, Inc. has authorized a share repurchase of up to five percent of its common stock, approximately 318,875 shares. Repurchases may occur over a one-year period starting January 23, 2026, via open-market or privately negotiated transactions, giving flexibility in how and when shares are acquired.

The company links activity under the program to market conditions, its capital requirements, and available cash, so actual repurchases may be lower than the maximum. This makes the authorization a ceiling rather than a commitment to buy the full amount.

The January 2025 repurchase program is canceled effective January 23, 2026, leaving 16,825 remaining shares under that prior authorization that will not be repurchased. Future quarterly and annual reports may show how many shares are ultimately bought under the new program and how it affects share count and capital levels.

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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): January 22, 2026

PROVIDENT FINANCIAL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-28304		33-0704889
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

3756 Central Avenue, Riverside, California	92506
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (951) 686-6060

Check the appropriate box below if the Form 8‑K 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
Common Stock, par value $.01 per share		PROV		The NASDAQ Stock Market LLC

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 January 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 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.

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

99.1	News release regarding the stock repurchase plan of Provident Financial Holdings, Inc. dated January 22, 2026.
104	Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).

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.

Date: January 23, 2026		PROVIDENT FINANCIAL HOLDINGS, INC.
		/s/ Peter C. Fan
		Peter C. Fan
		Senior Vice President and Chief Financial Officer
		(Principal Financial and Accounting Officer)

FAQ

What did Provident Financial Holdings, Inc. (PROV) announce in this 8-K?

Provident Financial Holdings, Inc. announced that its Board of Directors authorized a new stock repurchase program for up to five percent of its common stock, or approximately 318,875 shares, to be executed over a one-year period beginning January 23, 2026.

How many Provident Financial (PROV) shares are authorized for repurchase?

The new program authorizes repurchases of up to five percent of Provident Financial’s common stock, described as approximately 318,875 shares.

Over what period will Provident Financial (PROV) conduct the stock buyback?

Provident Financial may repurchase shares over a one-year period beginning on January 23, 2026, using open-market transactions or privately negotiated deals.

What happened to Provident Financial’s January 2025 stock repurchase program?

The January 2025 stock repurchase program is canceled effective January 23, 2026. There were 16,825 remaining shares under that program that will no longer be repurchased.

How will Provident Financial (PROV) decide when to repurchase shares?

The company states that repurchases will depend on market conditions, the capital requirements of the company, available cash that can be allocated to the program, and other considerations.

Where can investors find more details on the Provident Financial (PROV) buyback?

Additional details are provided in a news release regarding the stock repurchase plan, which is attached as Exhibit 99.1 and incorporated by reference.