Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Sandler O'Neill West Coast Financial Services Conference (March 2012)
10 slides from Provident Financial's conference presentation, Mar 2, 2012
Slide 1: West Coast Financial Services Conference
SANDLER O'NEILL + PARTNERS, L.P. West Coast Financial Services Conference [ie] PROW/DENT 2%. Provident Financial Holdings, Inc. Second Quarter of Fiscal 2012 December 31, 2011
Slide 2: Safe Harbor Statement
fe Harbor Statemen This presentation contains statements that the Company believes ate “forward-looking statements." These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance ar business. You should not place undue reliance on these st
Slide 3: Franchise Overview
Franchise Overview Pleasanton, Northern ©: Provident Bank Provident Bank Mortgage ¢ ae Nee Cte ia Full-Service Offices: YY Wholesale Offices: San Rafael, Northern California Blythe Pleasanton Canyon Crest, Riverside Rancho Cucarnanga San Luis Obispo Corona Retail Offices: + Corporate Office, Riversi
Slide 4: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings. Pre-Tax Income—Operating Segments 00 oo ws wo ws wo $50 5 sus uo “ | Highlights \creases by 23 basis p > Net Interest Margi (sequential quarter) ts > Core Deposits (Transaction Accounts) increase by 6% > Non-Performing Assets decline by 38% > Ne
Slide 5: Financial Performance
Financial Performance Quarterly Net Income Diluted Earnings Per Share ogee — a so we ne po ms. if ] | ; li Ber 12) 1 carry rao 3m bei bart
Slide 6: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio Return on Average Assets Return on Average Equity
Slide 7: Asset Quality
Asset Quality Highlights > Non-Performing Assets dedine by 38% > 30-89 DayDelinquent Loans decline by68% > Net Charge-Offs dedine by 9% Provision for Loan Losses m00 a0 e000 seas NPA, NPAto Total Assets and ALLL to LHI Ratios aR] Delinquent and Non-Performing Loans IMongage Loans: ‘Siige-tariy 8 $30
Slide 8: Mortgage Banking
Mortgage Banking Highlights PBM Loan Originations > Loans Originated for Sale increase by 11% (sequential quarter) > Locked Pipeline fueled byhistoricallylow mortgage rates > Stable Recourse Reserve with small Recourse Provision PBM Locked Pipeline PBM Loan Purchase vs. Refinance OVIDENT ES.
Slide 9: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Loan Sale Margin ‘0000 wa ce 000 sw.0c0 waco Highlights > Loan Sale Margin at the low endof therange > Exit of large mortgagemarket participants has created market share ‘opportunities and secondary market disruptions, placing pressure onloan salemargin Ls ROVI
Slide 10: Capital Management
al Managemen Highlights Stockholders’ Equity > Steadyincreasein Stockholders’Equity ae > Strong CapitalRatios > Stock Price remains below Tangble Book Value aw > Stock RepurchasePlanhas been implemented > QuarteslyCash Dividendincreased to $0.04 per share we 9 se 0 Bank Capital Ratios Value Proposit