---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000308"
form_type: "8-K"
ticker: "PROV"
cik: "0001010470"
company_name: "PROVIDENT FINANCIAL HOLDINGS INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:36:31.905471+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Q1 net income down 16% to $1.76M; EPS $0.25 vs $0.29 YoY

## Summary
- Net income $1.76M ($0.25 diluted EPS) vs $2.09M ($0.29) a year ago, down 16% YoY.
- Net interest margin unchanged at 2.88%; net interest income up 2% to $9.14M.
- Loans held for investment $1.07B (-1% sequential); total deposits $931.1M (-2% sequential).
- Provision for credit losses increased to $545K from $70K YoY after CECL adoption.
- Board authorized new stock repurchase plan for 350,353 shares, expiring September 2024.

## SEC filing metadata
- accession: 0000939057-23-000308
- form_type: 8-K
- ticker: PROV
- cik: 0001010470
- company_name: PROVIDENT FINANCIAL HOLDINGS INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1010470/000093905723000308/0000939057-23-000308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1010470/000093905723000308/prov8k102523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000308
- JSON: https://secwatch.observer/filing/0000939057-23-000308.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000308.txt

## Key facts
- Earnings Releases
  PROVIDENT FINANCIAL HOLDINGS INC reported first quarter of the fiscal year ending June 30, 2024 results: revenue $9.14 million, net income $1.76 million, EPS $0.25 per diluted share.
  - Period: first quarter of the fiscal year ending June 30, 2024
  - Revenue: $9.14 million
  - Net income: $1.76 million
  - EPS: $0.25 per diluted share
  - Result: reported results
  source text: 5.40 percent, compared to 5.52 percent for the fourth quarter of fiscal 2023. In the first quarter of fiscal 2024, net interest income increased $174,000, or two percent, to $9.14 million from $8.97 million for the same quarter last year. The increase in net interest income was primarily due to a higher average balance of interest-earning assets, partly offset by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1010470/000093905723000308/0000939057-23-000308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.