secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL HOLDINGS INC (PROV)
CIK:        0001010470
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000939057-23-000308
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 net income down 16% to $1.76M; EPS $0.25 vs $0.29 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010470/000093905723000308/0000939057-23-000308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010470/000093905723000308/prov8k102523.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000308

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