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Provident Financial Holdings, Inc (PROV)
NASDAQ:PROV
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.31Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -0.19%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call demonstrated positive trends in loan origination, credit quality, and capital management, despite challenges such as decreased loans held for investment and increased operating expenses. The overall sentiment indicates a cautiously optimistic outlook with effective management of financial metrics.Company Guidance
During the Provident Financial Holdings earnings call for Q1 2025, CEO Donavon Ternes provided guidance on several key financial metrics. The company originated $28.9 million in loans held for investment, up from $18.6 million in the previous quarter, while loan principal payments and payoffs increased to $34 million from $30.6 million. Nonperforming assets decreased to $2.1 million, and there were no early-stage delinquencies. The net interest margin improved to 2.84%, up from 2.74% in the prior quarter, with a notable 12 basis point increase in the average yield on interest-earning assets. Provident's allowance for credit losses declined to 61 basis points from 67 basis points. Additionally, the company repurchased approximately 94,000 shares and distributed $1 million in cash dividends, resulting in a 119% distribution of fiscal year-to-date net income. The company expects continued expansion of the net interest margin in the December 2024 quarter, driven by lower interest rates on repricing loans and liabilities.Increase in Loan Origination
Loan origination increased to $28.9 million from $18.6 million in the prior quarter.
Improved Credit Quality
Nonperforming assets decreased to $2.1 million from $2.6 million in the previous quarter, with no early-stage delinquencies reported.
Recovery of Credit Losses
Recorded a $697,000 recovery of credit losses due to various favorable conditions.
Increased Net Interest Margin
Net interest margin increased to 2.84% from 2.74% in the previous quarter.
Effective Capital Management
Repurchased 94,000 shares, and distributed $1 million in dividends, resulting in a 119% distribution of fiscal year-to-date net income.
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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 | $15.88 | $15.99 | +0.69% |
| Oct 28, 2024 | $15.36 | $15.37 | +0.07% |
| Jul 29, 2024 | $12.80 | $13.34 | +4.22% |
| Apr 29, 2024 | $12.51 | $12.00 | -4.08% |
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 Feb 03, 2025, TBA Not Confirmed.
What is Provident Financial Holdings, Inc (PROV) earnings time?
Provident Financial Holdings, Inc (PROV) earnings time is at Feb 03, 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 (Q2) is 0.26.
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