Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2012 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Jul 30, 2012
Slide 1: Fourth Quarter of Fiscal 2012
PROVIDENT fh Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2012 June 30, 2012 vww.myprovident.com
Slide 2: Safe Harbor Statement
Safe Harbor Statemen This presentation contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: 11.53) 52-Week Range: $7.92 - $11.81 Shares Outstanding: 10,856,027 shares Market Capitalization: | $125.2 million P/E (ttm): 12.01x EPS (ttm): $0.96 Annual Dividend & Yield: $0.16 (1.39%) As of June 30, 2012 ROVIDENT
Slide 4: Franchise Overview
hise Overview Northern California: Pleasanton + Fairfield, Pleasanton, Roseville and San Rafael. Provident Bank Full-Service Offices: fy Blythe Canyon Crest, Riverside Corona San Luis Obispo: Corporate Office, Riverside Downtown, Riverside Santa Barbara Hemet La Quinta La Sierra, Riverside Moreno Va
Slide 5: Highlights
Highlights Net Interest Income > Net Income increases by 105% fuer > Net Interest Margin increases by 28 basis points: 95 95 > Core Deposits (Transaction Accounts) increase by 9% ut sat ms > Gain on Sale of Loans increases by 156% 90 i Non-Interest Income Operating Expenses fnars) tm mene) aya an ee
Slide 6: Financial Performance
jal Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income — Operating Segments numom) vnwnsses a a Quarterly Net Income Diluted Earnings Per Share Fron) | | | ] (auarer Ena usrer ens)
Slide 7: Net Interest Margin, Efficiency Ratio, ROA and ROE
Net Interest Margin Efficiency Ratio uererenae) uarerenaea) Return on Average Assets Return on Average Equity eurerenaea) (cuarter eng
Slide 8: Community Banking
Community B ng Highlights Loan to Investment Mix > Core Deposits (Transaction Accounts) increase by 9% spices > AverageDeposit Costs decrease by 23 basis points > Borrowings decrease by 39% due to maturities ss > AverageBorrowing Costs decrease by 15 basis points Loan Portfolio Mix Provident Bank Lo
Slide 9: Community Banking: Loans Held for Investment Composition
Community Banking Loans Held for Investment Composition Single-amily S$ 439028 390% § 494,192 utterly 278057 8.73% 308,808 commercial real estate 96.302 675% 103,637 lother 758 1.820 Icommercal business 2580 45% [consumer 506 8.23% 750 Hrotalloans held forinvestment $ 816,224 4.87% § 909,443 Defered
Slide 10: Community Banking: Deposits and Borrowings
Community Banking Deposits and Borrowings Deposit Composition Checking accourtsnon inerestbearing $ $5688 -% «S| 45.457 —% Checking accourts-interest-bearing 204528 017% 185,229 0.34% Savings accounts 228051 020% «208788 0.4804 Money market accourts 382 0.42% 22838 062% Lime deposits 445765 1.20% __
Slide 11: Asset Quality
Asset Quality Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios > Non-Performing Assets dedine by 12% > 30-89 Day Delinquent Loans decline by 70% > New REOs decline by 48%, to 13 properties ee ln > Newly Restructured Loans dedine by 67%, to loans Provision for Loan Losses. Non-Performing As
Slide 12: Asset Quality: Allowance for Loan Losses
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocation as of 06/30/12 8 8 fasegeveay (masa) 8 8 Delinquent and Non-Performing Loans ROVIDENT ES.
Slide 13: Asset Quality: Geographic Location
Asset Quality Geographic Location Single-Family Si33aT4 31% -S27,718 Sat 889,422 14% $4003 1% «© $439,028 100% MuttiFamity 37303 13% «= 188.228 68% 49012 18% ast2 1% 278,057 100% Commerdal RealEstate 46,291 49% a7a7s 48% 1936 2% - 0% 95,202 100% Other loans 785 100% 2 0% : 0% : 0% 758 100% Talal Sea
Slide 14: Commercial RE — Loans Held for Investment
Commercial RE — Loans Held for Investment PILL UE
Slide 15: Mortgage Banking
age Ban Highlights ig > Loans Originated for Sale increase by 64% > Gain on Sale of Loansincreases by 156% > Loan Sale Margin increases to 190 basis points > Locked Pipeline fueled by historically low mortgage rates > Increasing RecourseReservewith modest RecourseProvision PBM Locked Pipeline jn mor
Slide 16: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Loan Sale Margin fn Trousanas) {ousrr Enos) Recourse Provision (Recovery) Recourse Reserve fr mousanse) (mTrovssnae, 1200 me 7 (vat Enena) oy on a ee * varie Enea)
Slide 17: Capital Management
gemen Highlights > Stable Stockholders’ Equity > Strong Capital Ratios > Stock Price remains below Tangible Book Value > Repurchased 157,945 Shares of Common Stock Bank Capital Ratios Stockholders’ Equity (nmsone) sy Taw 7 an Toa oa Value Proposition Stock Price to Tangible Book Value Multiple Pe
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