secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL HOLDINGS INC (PROV)
CIK:        0001010470
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000939057-24-000089
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial Q3 net income $1.49M ($0.22/diluted), down 36% YoY; NIM 2.74%
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- Net income $1.49M ($0.22 diluted) vs $2.32M ($0.33) YoY, down 36%.
- Net interest margin 2.74%, down 26 bps YoY; net interest income $8.56M (-9% YoY).
- Loans held for investment $1.07B (-1% from June 2023); total deposits $908.1M (-5%).
- Non-performing assets ratio 0.17% (vs 0.10% at June 30, 2023); allowance for credit losses 0.67% of loans.
- Repurchased 50,051 shares at avg cost $13.99 in Q3; 237,592 shares remain under program expiring Sep 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1010470/000093905724000089/0000939057-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1010470/000093905724000089/prov8k42924.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000089

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