secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL HOLDINGS INC (PROV)
CIK:        0001010470
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000939057-22-000307
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial Q1 EPS $0.29, down 22% YoY; net interest margin expands
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- Net income of $2.09M ($0.29 diluted EPS) vs $2.67M ($0.35) a year ago, down 22%.
- Net interest margin improved 34 bps YoY to 3.05%; loans held for investment rose 6% to $993.9M.
- Total deposits increased 3% to $985.3M from June 30, 2022.
- Provision for loan losses was $70,000 vs recovery of $339,000 last year; non-performing assets down 32% to $964,000.
- Non-interest expenses up 22% YoY due to $1.20M ERTC credit not repeated; efficiency ratio 70%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010470/000093905722000307/0000939057-22-000307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010470/000093905722000307/prov8k102622.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000307

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