secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROVIDENT FINANCIAL HOLDINGS INC (PROV)
CIK:        0001010470
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000939057-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial Q2 FY2024 net income $2.14M ($0.31/diluted), down 10% YoY; NIM 2.78%
--------------------------------------------------------------------------------

- Net income $2.14M ($0.31/diluted) down 10% from $2.37M ($0.33) YoY.
- Net interest margin 2.78% (down 27 bps from 3.05% YoY); net interest income $8.77M down 7%.
- Loans held for investment $1.08B essentially flat; total deposits $912M down 4% from June 30, 2023.
- Non-performing assets/total assets ratio 0.13%; allowance for credit losses $7.0M (0.65% of loans) under CECL.
- Recovery of credit losses $720K in quarter vs. $191K provision YoY; sequential net income up 22% from Q1 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010470/000093905724000020/0000939057-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010470/000093905724000020/prov8k12924.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer