Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2022 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Jul 26, 2022
Slide 1: Fourth Quarter of Fiscal 2022
PROVIDENT fh Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2022 June 30, 2022 provizenTsa Sw. myprovident.com
Slide 2: Safe Harbor Statement
Safe Harbor Stateme This presentation contains statements that the Company believes are “forward-looking statements" within the meaning of the Private Securties Litigation Refarm Act of 1995, These statements relate to the Company's financial condition, liquidity, results of operations, plans, objec
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $14.83 52-Week Range: $13.76 - $18.25 Shares Outstanding: 7,285,184 shares Market Capitalization: $108.0 million P/E (ttm): 12.16x Diluted EPS (ttm): $1.22 Annual Dividend & Yield: $0.56 (3.78%) As of June 30, 2022 PRO
Slide 4: Largest independent community bank headquartered in Riverside County
Blythe © Canyon Crest, Riverside © Corona © Corporate Office, Riverside © Downtown, Riverside © Hemet © La Sierra, Riverside © ‘Morena Valley © Orange Crest, Riverside © Rancho Mirage © Redlands © Sun City © Temecula SBF Ona ra thc es seed bg, 18 Me Cane, 01 MERE > Largest independent community bank
Slide 5: Financial Performance
cial Performance Developments Net Interest Income nvtons) Net Income increases approximately 45% (sequential quarter) 5100 > Net Interest Margin increases 32 basis points (sequential juarter: q ) 59.0 = » Net Interest Income increases approximately 13% (sequential quarter) ga0 > Non-Interest Income
Slide 6: Financial Performance
cial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income tions) (tions) 40 a7 950 . $33 $3.2 a4 ws s40 F 6 $30 = ss wa $30 924 20 ar as sa M5 TO] $2.0 oo +4 sola ws +4 $ & cara "Garvan ciFya2 ” aarv22 carz2 ” oa Yz2 carve” aerva1” ciFYa2 ” aFva2 ” caFya2 ” oaFva2 Quarterly Net Income Diluted
Slide 7: Financial Ratios
cial Ratios Net Interest Margin Efficiency Ratio 6 90.00% 350% 95.00% 299% 73.82% 79.78% 300% {Teo agam 21% 208% 261% 0.00% 75.38% 250% 75.00% 200% 70.00% wae 63.20% 150% 65.00% 1 00% 60.00% srs 0.50% 55.00% 0.00% + 50.00% + Q3FY21 G4FY21 QIFY22 G@2FY22 G3FY22 Q4FY22 Q3FY21 Q4FY21 GIFY22 Q2FY22 G3FY
Slide 8: Balances and Activity
Balances and Activity Loan to Investment Mix Developments > Loans Held for Investment balance increases by approximately 5% (sequential quarter) > Yield on Loans Held for Investment increases six basis points from March 31, 2022 > Total Deposits balance decreases by approximately 196 (sequential qua
Slide 9: Balances and Activity: Loan Composition
Balances and Activi Loans Held for Investment Composition Loan Composition as of 06/30/22 feria sarap Geers OFnmsen Ginee ca (Gollrs in Thousands) ofeeneg? Rate of 0sn021 Fate coecsaa. “OR ee Single-Family 3 s7ez4 334% § 200272 342% oe com (Grameen Muti-Famity 404,078 4.059% 484,408 4.099 Caneel Rea
Slide 10: Balances and Activity: Deposits and Borrowings
Balances and Activity Deposits and Borrowings osre124 o6r3021 " a9re0r21 Deposit Composition ransaclion Aseunts Deposit Composition at 06/30/22 Cetegary Dollars n Thousands) ALORAORU? Rate _ALOBROROD Rate Checting Accounts -Nen hierestBeaing $ 125069 -% 9 123179 -% eicemaecorts IReC IE ses7ee 008% ©
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio 12.000 120% > Non-Performing Assets to Total Assets Ratio declines to 0.129% at June 30, 2022 10000 4.00% > $411,000 Recovery from the Allowance for Loan Losses seca sox > NoREO z § 98000 aso > Early-Stage Delinquencies
Slide 12: Asset Quality: Allowance for Loan Losses
Asset Qual Allowance for Loan Losses (ALLL) ALLL Allocation as of 06/30/22 (in Thousands), ics 2.25% 10,000 a0% baie $7,587 $7,413. Single-Family 8,000 cutiy Commercial Real Eetete $5000 lxConducton wether caCommecil Business 00: meConsumer $2000 «| cast" eseom1 "oscom "12011 "oaG122 ” oBon2 Delinqu
Slide 13: Asset Quality: Geographic Location
Asset Quality GeographicLocation bland Enoire Southen Caifomia" __cther Catforia Gher staes Tota Cstegon Balance Percentage Edlanos Percentage Galanos Percentage Eslance Percentage Galance Percentage Single-Family Simms SK STIZSM GON SHER TET © SoM «S280 OK Sar TCO Mut Faity ea7ea tay Bem Ba eases 2
Slide 14: Asset Quality: Loans Held for Investment
Asset Quali Single-Family (1)—Loans Held for Investment Multi-Family - Loans Held for Investment [ca tanc @navaay) saat }war [eso] ream | waa] sean] wra|paa|sranfaresn] fezeanaimnarenn _f rare [esta [eas [ents Jena Jrsm [ose [ante [ora fase firitsog tr? | ve [osx six [vst | ex | om [am [ces | ris |
Slide 15: Capital Management
Capital Management Developments > Strong Capital Ratios > 3.78% cash dividend yield (approximately) > Purchased approximately 35,000 shares of common stock in the fourth quarter of fiscal 2022 Bank Capital Ratios Stock Repurchase Plan Activity Value Proposition Stock Price to Tangible Book ValueMuit
Provident Financial Holdings — Q4 FY2022 Earnings Presentation on 6ix