secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL HOLDINGS INC (PROV)
CIK:        0001010470
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000939057-23-000193
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 Q4 net income $1.81M, down 27% YoY; EPS $0.26
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010470/000093905723000193/0000939057-23-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010470/000093905723000193/8k72623.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000193

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