Business
Provident Financial Holdings Reports Fourth Quarter and Fiscal Year 2025 Results
Net Income of $1.63 million in the June 2025 Quarter, Down 12% from the Sequential Quarter and Down 17% from the Comparable Quarter Last Year Net Interest Margin of 2.94% in the June 2025 Quarter, Down Eight Basis Points from the Sequential Quarter, Up 20 Basis Points from the Comparable Quarter Last Year Loans Held for Investment of $1.05 Billion at June 30, 2025, Down 1% from June 30, 2024 Total Deposits of $888.8 Million at June 30, 2025, virtually Unchanged from June 30, 2024 Non-Performing
About this update from Provident Financial Holdings, Inc.
[{"type":"image","alt":"Provident Financial Holdings, Inc.","displaySize":"","headline":null,"caption":"Provident Financial Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":269,"height":91,"url":"https://media.zenfs.com/en/globenewswire.com/c029847d95006b7c42027f027d81ac0b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jtPMN6drouUMLaocuXfUHA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c029847d95006b7c42027f027d81ac0b","width":269,"height":91}},"lazy":false},{"type":"text","content":"Net Income of $1.63 million in the June 2025 Quarter, Down 12% from the Sequential Quarter and Down 17% from the Comparable Quarter Last Year","length":141,"tagName":"p"},{"type":"text","content":"Net Interest Margin of 2.94% in the June 2025 Quarter, Down Eight Basis Points from the Sequential Quarter, Up 20 Basis Points from the Comparable Quarter Last Year ","length":164,"tagName":"p"},{"type":"text","content":"Loans Held for Investment of $1.05 Billion at June 30, 2025, Down 1% from June 30, 2024","length":87,"tagName":"p"},{"type":"text","content":"Total Deposits of $888.8 Million at June 30, 2025, virtually Unchanged from June 30, 2024","length":89,"tagName":"p"},{"type":"text","content":"Non-Performing Assets to Total Assets Ratio of 0.11% at June 30, 2025, Improved from 0.20% at June 30, 2024 ","length":107,"tagName":"p"},{"type":"text","content":"RIVERSIDE, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced earnings for the fourth quarter and fiscal year ended June 30, 2025.","length":267,"tagName":"p"},{"type":"text","content":"The Company reported net income of $1.63 million, or $0.24 per diluted share (on 6.65 million average diluted shares outstanding), for the quarter ended June 30, 2025, down 17 percent from net income of $1.95 million, or $0.28 per diluted share (on 6.89 million average diluted shares outstanding), in the comparable period a year ago. The decrease was due primarily to a $587,000 decrease in non-interest income (primarily attributable to the absence of a $540,000 net unrealized gain on other equity investments recorded in the fourth quarter last year) and a $448,000 increase in non-interest expense (primarily attrib...