Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q1 FY2016 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Oct 27, 2015
Slide 1: Provident Financial Holdings, Inc. First Quarter of Fiscal 2016
PROV/DENT 23. Provident Financial Holdings, Inc. First Quarter of Fiscal 2016 ‘September 30, 2015
Slide 2: Safe Harbor Statement
afe Harbor Si nt ‘This presentation contains statements that the Company belies ate “forwardleokng statements” within the meaning ofthe Paiva Secures ligation Reform Act of 1895. Thees ‘eae 10 the Company's fnancil enation, hut, resus of plans, objectives, hare parformance o business. You shold not
Slide 3: Market Highlights
Market Highlig Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $16.78 52-Week Range: $14.10 - $18.44 Shares Outstanding: 8,429,678 shares Market Capitalization: $141.4 million PIE (ttm): 15.25x Diluted EPS (ttm): $1.10 Annual Dividend & Yield: $0.48 (2.86%) As of September 30, 2015
Slide 4: Provident Bank and Provident Bank Mortgage Offices
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Slide 5: Financial Performance
Financial Performan Highlights Net Interest Income > Net Income rises 296 > Diluted Earnings per Share increases by 12% > Net Interest Income increases 29% > Non-Interest Income increases 15% > Operating Expenses increase 5% Non-Interest Income Operating Expenses ———
Slide 6: Quarterly Net Income and Diluted Earnings Per Share
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Slide 7: Financial Ratios
Slide 8: Community Banking
Community Banking Highlights Loanto Investment Mix ss000 > Loans Held for Investment decrease 196 since June 30, 2015, 00 > Ten consecutive quarters of Preferred Loan growth > Core Deposits increase by $10.7 milion, or 2%, since June 30, 2015 > Higher cost Time Deposit balances continue to decline
Slide 9: Loans Held for Investment Composition
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Slide 10: Deposit Composition and Borrowing Maturity Schedule
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Slide 11: Asset Quality
Qualit Highlights > Non-Performing Assets increase to $18.4 milion > Net Recoveries in five ofthe prior six quarters > REO activity remains limited > ALLL ses to $9.0 milion > ALLL to LAE Ratio increases to 1.11% xin see) $09) NPA, NPA to Total Assets and ALLLto LHI Ratios j= _ eSngetanay uae ey
Slide 12: Asset Quality: Allowance for Loan Losses
t Quality Allowance for Loan Losses (ALLL) ALLL Allocationas of 09/30/15 srasc0 oo Delinquent and Non-Performing Loans
Slide 13: Asset Quality: Geographic Location
et Quality ‘Geographic Location Seon oT oN a ae lay nee an os sue — es TD
Slide 14: Loans Held for Investment by Type
‘Multi-Family — Loans Held for Investment Single-Family (1*) — Loans Held for Investment ‘Commercial RE ~ Loans Held for Investment
Slide 15: Mortgage Banking
Mortgage Banking Highlights PBM Loan Originations > Loan Origination Volume decreases 25% to $545.9millon —gyayp (sequential quarter) saa > Gross Locked Pipeline increases 4% to $198.7 million (sequential quarter) _ > Loan Sole Marin increases 26 bass points to 165 bass gas | points (sequential quar
Slide 16: Mortgage Banking
Mortgage Banking
Slide 17: Stock Repurchase Plan Activity
‘Stock Repurchase Plan Activity > Bank Capital Ratios remain strong aor > Implemented Basel II capital protocol on January 1, 2015 Saad > 2.86% cash dividend yield (approximately) > Repurchased approximately 216,000 shares of ‘common stock aaa Bank Capital Ratios ‘Value Proposition ‘tock Preto Tangt
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