earnings
confidence high
sentiment negative
materiality 0.70
Provident Financial Q2 net income falls 59% to $872K; provision for credit losses swings to $586K
PROVIDENT FINANCIAL HOLDINGS INC
2025-Q2 EPS
reported $0.41
vs consensus $0.29
▲ beat
(+41.0%)
- Net income $872K ($0.13 diluted EPS) vs $2.14M ($0.31) a year ago, down 59%.
- Net interest margin expanded 13 bps to 2.91%; net interest income flat at $8.76M.
- Recorded $586K provision for credit losses vs $720K recovery in prior year; non-interest expenses up 6% to $7.79M.
- Loans held for investment $1.05B, unchanged from June 30; deposits $867.5M, down 2%.
- Repurchased 63,556 shares at avg $16.04; new stock repurchase plan approved by Board.