Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2021 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Apr 27, 2021
Slide 1: Third Quarter of Fiscal 2021
PROVIDENTif& Provident Financial Holdings, Inc. Third Quarter of Fiscal 2021 March 31, 2021 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: $16.90 52-Week Range: $11.40 - $18.23 Shares Outstanding: 7,516,547 shares Market Capitalization: $127.0 million PIE (ttm): 21.95x Diluted EPS (ttm): $0.77 Annual Dividend & Yield: $0.56 (3.31%) As of March 31, 2021 pr
Slide 4: Blythe
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 SBP Cot hee pe Apt ceed. eg 7012 Meso Cone, 10 HERE > Largest independent community bank > Expanding custome
Slide 5: Financial Performance
cial Performa e Developments > Net Interest Income decreases approximately 2% (sequential quarter) > Net Interest Margin decreases by six basis points (sequential quarter) > Non-Interest Income increases by approximately 23% (Sequential quarter) > Operating Expenses are unchanged (sequential quarter
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income (nitions) vans) 407 [Be “0 Tea [Ls wes 335 ba ial 922 $3.0 T7] | 4 HR ais Eiké 31.9 $25 FT $20 tJ cir $20 TT 15 TT 5 ET 310 TT 5 +4 L4 so fs 95 7 $0.5) $ x carv20 GarY20 ” @aFY20 GIFYa1” aaFYaA ” GaFY2A oarva0GaFY20 @aFVa0 GIVI GaF
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio 400% Tae 0 00% 330% 295% 284% c031% 79.82% 3.00% 4] 80.00% 255% 2.60% 75:12% 74.91% 68.78% Toe 2.00% 7] 70.00% 1.00% +4 000% +7 00% 50.00% earv20 caFY20 " GAFY20 @IFYaI GaFY2I ” GarY2I carv20 " carv20 " @aFY20 " @iFY2I ” Garva1 ” Garvat Return on
Slide 8: Balances and Activity
Balances and Activity Developments Loan to Investment Mix > Loans Held for Investment balance decreases by S209 approximately 296 (Sequential quarter) sii > Yield on Loans Held for Investment decreases 29 basis points from March 31, 2020 $800 > Total Deposits balance increases by approximately 396 _
Slide 9: Balances and Activity: Loans Held for Investment Composition
Balances and Activi Loans Held for Investment Composition Loan Category Balance as Interest Balaneeas Interest Dollars in Thousands) of 033121 Rate of 03/3120 Rate Single-Family 3 254903 381% $326,688 4.16% Muti-Famiy 483.283 4.1496 47508 433% Commercial Real Estate 99,722 4.80% joer 4.78% Construct
Slide 10: Balances and Activity: Deposits and Borrowings
Balances and Activity Deposits and Borrowings Deposit Composition 31,20 Category (Dollars in Thousands) ALOSG1204 Rate ALO3G172020 Rate Pid Checking Accounts -Non nerest Beating $ 124043 -% § 86585 -% Checking Accounts - terest Bering san7oa 04% 270888 042% 00 Savings Accounts 202673 05% 261,658 0.2
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio 312000 120% > Non-Performing Assets to Total Assets Ratio declines to 0.82% on March 31, 2021 10,000 1.00% > $200,000 Recovery from the Allowance for Loan Losses se000 ono > NoREO z © 96,000 : 080% > Early-Stage Delinque
Slide 12: Asset Quality
Asset Qual Allowance for Loan Losses (ALLL) ALLL Allocation as of 03/31/21 (in Thousands) $40,000 9849098538 gzato $8265 38.346 8,000 [aSigeFaniy [art aiy = lcommercial Real Estate 81 l=constuction lnother $4000 l2comercial Business laconsumer $2,000 & ‘2eina 031/20 06/900" ogra 12xe1/20 "O3K1/21 a
Slide 13: Asset Quality: Geographic Location
Asset Quality GeographicLocation and Empte__Southern Calfomia'" _ ter Caloris her states Total Cate Balonee Percentage Balance Peroenfage Solaroe Pereertage Ealanoe Percentage Galnoe fersertage Single-Faiy rr CC? iFamiy cc a ConmerialRealEsae 22178 2K ROH o% coma 100% Coneructon a spe ae o o% 3408 1
Slide 14: Asset Quality
Asset Quali Single-Family (1°)—Loans Held for Investment Multi-Family — Loans Held for Investment [aetna] sare | pet | wor a] See RED er] See ears fast fe eee fee fees | eee foc me SEE EE EE cerca el cae ce MegeAk eono| ea [er lex | or [se | or | | os | om | ox we fie |i fel S| | Wego | ae | Pee |e
Slide 15: Capital Management
Capital Management Developments Stock Repurchase Plan Activity (ot Shares) 0,000 > Bank Capital Ratios remain strong > 3.31% cash dividend yield (approximately) 50000 > Resumption of stock repurchases in the third quarter of fiscal 2021 40,000 30,000 20,000 10,000 G2Fy20 | GaFY20 ” Gar Yn” GIF Y21 ”
Provident Financial Holdings — Q3 FY2021 Earnings Presentation on 6ix