Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2023 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Apr 26, 2023
Slide 1: Provident Financial Holdings, Third Quarter of Fiscal 2023
PROVIDENT fh Provident Financial Holdings, Inc. Third Quarter of Fiscal 2023 March 31, 2023 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 Reform 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: $13.63 52-Week Range: $13.29 - $16.54 Shares Outstanding: 7,033,963 shares Market Capitalization: $95.9 million PIE (ttm): 10.65x Diluted EPS (ttm): $1.28 Annual Dividend & Yield: $0.56 (4.11%) As of March 31, 2023 PRO
Slide 4: Branch locations and market position
Blythe Canyon Crest, Riverside Corona Corporate Office, Riverside Downtown, Riverside Hemet La Sierra, Riverside Morena Valley Orangecrest, Riverside Rancho Mirage Redlands Sun City Temecula SBP Cot hee pe Apt ceed. eg 7012 Meso Cone, 10 HERE > Largest independent community bank > Expanding customer
Slide 5: Financial Performance
cial Performa e Developments Net Interest Income i Wiions) > Net Income decreased approximately 2% (sequential quarter) giao = 994 > Net InterestMargin decreased five basis points to 3.00% 920 (Sequential quarter) 20 aE > Net Interest Income remained virtually unchanged (sequential «7 quarter quarte
Slide 6: Financial Performance: Pre-Tax Income, Net Income, EPS
cial Performa e Pre-Provision, Pre-Tax Income Pre-Tax Income tions) (tions) 40 - $3.5, $3.5, pou ws ¥ me 40 BE 0 992 4 $33 $30 925 $24 sso +4 924 $20 tJ We as +4 vo +4 oot wot ws +4 * * oarva2 aarv22 aaFv22” GiFYa3 GaFYa3 ” oaFY23 oorva2 aarv22 GaFY22” GHFY23 " aarv23” G3FYZ3 Quarterly Net Income Di
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio 4.00% 25.00% 79.74% 350% 293% 3.05% 3.05% 3.00% 80.00% TF l76 3995 3.00% 7] 2.64% 2.81% 75.00% £963% 280% 7] 70.00% oem oem sie 65.14% £5.00% 1.50% [7] 60.00% 1.00% +—7J sox [4 55.00% 000% 50.00% conven Garv22 Garvan GiFYas oarYas ” aarW2a carv22
Slide 8: Balances and Activity
Balances and Activity Developments > Loans Held for Investment balance increased by approximately 496 (Sequential quarter) > Yield on Loans Held for Investment increased 22 basis points from December 31, 2022 > Total Deposits balance increased by approximately 496 (sequential quarter) > Deposit cost
Slide 9: Balances and Activity: Loan Composition
Balances and Activi Loans Held for Investment Composition Loan Category (Dollars in Thousands) Baance as Interest of 039173 Rate Balance as Interest of 099172 Rate Single Farey 3 512692 402% —§ az7.ee1 316% Muti Fatiy 485.302 4.5496 4eg050 4.00% Corrrrercial Real Estate 90,496 6.65% 1.944 4.50% cons
Slide 10: Balances and Activity: Deposits and Borrowings
Balances and Activity Deposits and Borrowings 1,200 1,000 3800 ons) 3600 n $400 Deposit Composition Category (Dollarsin Thousands) At 0312023 Rate AL 03/34/2022 Rate Checking Accounts -Non interest-Bearing $ 108479 -% $117,097 = % Checking Accounts - Inerest-Besting SB0TT 004% 347.972 0.04% Savings
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio 10,000 1.00% > Non-Performing Assets to Total Assets Ratio decreased slightly to 0.07% from December 31, 2022 sean axe > $169,000 Provision for Loan Losses ia. 5 NC KES 6.000 aso > Early-Stage Delinquencies remain at ver
Slide 12: Asset Quality: Allowance for Loan Losses
Asset Qual Allowance for Loan Losses (ALLL) ALLL Allocation as of 03/31/23 (i Thousanis) ae 8,000 20%, 01% 20% 36.608, 95969 95564 9568 95830 96,001 Sree Famiy $6,000 aMuti-F amily JaCommercial Real Eetete JaConducton $4,000 mother Commercial Business IaConcuer 2,000 " “raenet "033122068022" 098022"
Slide 13: Asset Quality: Geographic Location
Asset Quality GeographicLocation bland Empire Southem Calfomia"' __ other Calfomia ther states Total Cater Balanoe Peroenfage Elance Percentage Gslance Percentage Galanos Perentage Galanee Percentage Sigk-Famiy Sasi se —SIBTZ EG TOROM «TS TE Oe SIRS 100 i Fay e250 18% 27Sg08 soe naar a8 o% 480332 10
Slide 14: Asset Quality: Loans Held for Investment
Asset Qualit Single-Family (1°)—Loans Held for Investment Multi-Family — Loans Held for Investment fa ae a Pe Se aT SSSI Safe] [eum naman [ree wer rs meester foes [roe beorsenin'® | ex | cor |'om'| ax [or | om | ow |r | tr | on | pememccet | os law [ow [ew [wn [av [as | oe | ew | ow [igesee Sees] ta
Slide 15: Capital Management
Capital Management Developments > Strong Capital Ratios > 4.1196cash dividend yield (approximately) > Purchased approximately 98,000 shares of common stock in the third quarter of fiscal 2023 Bank Capital Ratios Stock Repurchase Plan Activity (of Shares) 125,000 102,762 103.290 5.307 100,000 75,000
Provident Financial Holdings — Q3 FY2023 Earnings Presentation on 6ix