8-K
filed July 26, 2023, 7:59 PM ET
ticker PROV
CIK 0001010470
earnings
confidence high
sentiment negative
materiality 0.65
Provident Financial Q4 net income $1.81M, down 27% YoY; EPS $0.26
PROVIDENT FINANCIAL HOLDINGS INC
2023-FY EPS reported
$1.19
- Net income $1.81M ($0.26 EPS) in Q4 FY2023, down from $2.46M ($0.34 EPS) a year ago; FY net income $8.59M vs $9.09M.
- Net interest margin 2.88%, down 5 bps YoY; net interest income up 9% to $9.23M on higher earning asset balances.
- Loans held for investment increased 15% YoY to $1.08B; total deposits decreased 1% to $950.6M.
- Asset quality strong: non-performing assets / total assets = 0.10%; allowance for loan losses $5.9M (0.55% of gross loans).
- Company repurchased 51,498 shares at avg $12.64 in Q4; remaining buyback authority 61,540 shares.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PROVIDENT FINANCIAL HOLDINGS INC reported the quarter ended June 30, 2023 results: net income $1.81 million, EPS $0.26 per diluted share.
- Period
- the quarter ended June 30, 2023
- Net income
- $1.81 million
- EPS
- $0.26 per diluted share
- Result
- reported results
Exact text from the filing
For the quarter ended June 30, 2023, the Company reported net income of $1.81 million, or $0.26 per diluted share (on 7.07 million average diluted shares outstanding), down 27 percent from net income of $2.46 million, or $0.34 per diluted share (on 7.32 million average diluted shares outstanding), in the comparable period a year ago.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PROVIDENT FINANCIAL HOLDINGS INC reported the fiscal year ended June 30, 2023 results: net income $8.59 million, EPS $1.19 per share.
- Period
- the fiscal year ended June 30, 2023
- Net income
- $8.59 million
- EPS
- $1.19 per share
- Result
- reported results
Exact text from the filing
For the fiscal year ended June 30, 2023, net income decreased $501,000, or six percent, to $8.59 million from $9.09 million in the prior fiscal year. Diluted earnings per share for the fiscal year ended June 30, 2023 decreased two percent to $1.19 per share (on 7.19 million average diluted shares outstanding) from $1.22 per share (on 7.45 million average diluted shares outstanding) for the fiscal year ended June 30, 2022.
View on SEC.gov
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