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Provident Financial Holdings, Inc (PROV)
NASDAQ:PROV
RESEARCH TOOLSreports
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.24Last Year’s EPS
0.22Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -6.04%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The call highlights the company's successful loan origination and net interest margin improvement, despite facing challenges with increased credit loss provisions and operating expenses. Capital management remains strong with significant distributions to shareholders.Company Guidance
During Provident Financial Holdings' earnings call for the second quarter of fiscal 2025, CEO Donavon Ternes highlighted several key metrics and forward-looking statements. The company reported an increase in loans held for investment to $36.4 million, up from $28.9 million in the previous quarter, and a rise in nonperforming assets to $2.5 million from $2.1 million. The net interest margin improved to 2.91%, driven by a 3 basis point increase in the yield on interest-earning assets and a 5 basis point decrease in the cost of interest-bearing liabilities. Operating expenses rose to $7.8 million, partly due to non-recurring costs. The company outlined plans for continued loan portfolio growth and capital management initiatives, including a new stock repurchase plan. Additionally, $85.5 million of Federal Home Loan Bank advances and brokered certificates of deposits are set to reprice at lower rates in the upcoming quarter, suggesting a continued, albeit slower, expansion in net interest margin.Increased Loan Origination
Loans held for investment originated $36.4 million, up from $28.9 million in the prior sequential quarter.
Net Interest Margin Improvement
Net interest margin increased to 2.91% for the quarter ended December 31, 2024, compared to 2.84% for the previous quarter.
Stable Credit Quality
Nonperforming assets increased slightly to $2.5 million but credit quality remained strong with no early-stage delinquencies.
Capital Management Success
Distributed $1.9 million in cash dividends and repurchased $2.4 million in common stock, resulting in a 154% distribution of fiscal 2025 net income to date.
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PROV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PROV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $15.74 | $15.85 | +0.70% |
| Oct 28, 2024 | $15.23 | $15.24 | +0.07% |
| Jul 29, 2024 | $12.69 | $13.22 | +4.18% |
| Apr 29, 2024 | $12.40 | $11.90 | -4.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Provident Financial Holdings, Inc (PROV) report earnings?
Provident Financial Holdings, Inc (PROV) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Provident Financial Holdings, Inc (PROV) earnings time?
Provident Financial Holdings, Inc (PROV) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PROV EPS forecast?
PROV EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.
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