Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2024 Earnings Presentation
16 slides from Provident Financial's earnings presentation, Jul 29, 2024
Slide 1: Fourth Quarter of Fiscal 2024
Fourth Quarter of Fiscal 2024 Pa June 30, 2024 e324 PROW/DENT 24. myprovident.com Provident Financial Holdings, Inc.
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains statements that the Company believes are “forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1985. These statements relate to the Company's financial condition, liquidity, results of operations, plans, ob
Slide 3: Provident Financial Holdings, Inc. stock snapshot
PRowiDenTiis. Provident Financial Holdings, Inc. Nasdaq GS: Share Price: 52-Week Range: Shares Outstanding: Market Capitalization: P/E (ttm): Diluted EPS (ttm): Annual Dividend & Yield: PROV $12.50 $10.16 - $15.40 6,847,821 shares $85.6 million 11.79x $1.06 $0.56 (4.48%) As of June 30, 2024
Slide 4: Franchise Overview
Franchise Overview ¢ Joshua Tee é National Park sation Provident Bank Offices: Largest independent community bank headquartered in Riverside “A Blythe “& Moreno Valley County, California “% Canyon Crest, Riverside “Ss Orangecrest, Riverside “BC 4 i rt Expanding customer base and serena BiRanche Mira
Slide 5: Net Income increased approximately 31%
Net Income increased approximately 31% caaryaa Pre-Provision, Pre-Tax Income increased approximately 23% v v asry24 ¥ Net Interest Margin unchanged at 2.74% carves Y Net Interest Income decreased approximately 1% v v Non-Interest Income increased approximately 73% men Opera .q Expenses remained virt
Slide 6: sao
sao sao 92 s In nitions soo $30 $23 saa 0 sie sie = | | | | | | 0 In nitions provipewT'i. 92 s so $35 sao $28 % 27 | | | cB ere auA2 azr2S O3R2 aarrae Srv arvZ QFv24 azrr28 asFr28 aAFy28 sao 93 $3.0 $28 S30 928 es 2 $2.0 a suo | soo OBZ ARE aLr2 a2N2 asrZ aMFY soso $0.33 soa $026 6025 oe oe | $0.22
Slide 7: Net interest margin and efficiency trends
00% 20 00% 76.20% 3.50% 75.00% 300% 3.00% Zee, Sais 70.00% 65.00% 250% 2.78% 274% 000% 200% 55.00% 150% 50.00% azry23 qarvas qirv24 azer24 asev24 aarv2a azry23 qary23 aarv24 azev24 a3ev24 aaev4 1.00% 2000% o72% soos 732% 600% oso 4.00% 200% 00% Q3FY23 | Q4FY23 Q1FY24 Q2FY24 Q3FY24 a4FY24 0.00% azry2
Slide 8: Balance sheet highlights: loans, deposits, borrowings
In ittions ¥ Loans Held for Investment balance decreased approximately 1% and the yield increased 13 basis points 06/30/24 a es $4,485 at June 30, 2024 03/81/24 Y Total Deposits balance decreased approximately 2% and 12/81/23 the cost increased eight basis points at June 80, 2024 03/80/23 Y Total Bo
Slide 9: Loan category balances and loan composition
Loan category Balance as Interest Balance as. JDollarsin Thousands, of 06/30/24 Rate of 06/30/23, Single-Family 3 518,08 4.49% $518,821 Multi emily 445,182 5.31% 461113 Commercial Real Estate 8339 6.52% 90,558 Construction 262 9.11% 1,936, other 95.25% 108 Commercial Business 4,372 10.50% 4,885, Con
Slide 10: Deposits and borrowings detail
‘A 06/30/2024 Rate A 06/30/2023 Rate S ss6z7 == $303.06 2ssere oom sozs72 258578 ons 290204 25s2t aso 3551 273s 355% 220935 S 5658S zm S$ 95057) ‘Srokered COs ichdedin ime depose aoe $ © 131800 StH $ 105419 4755 (1) Includes uninsured deposits of approximately $122.7 mllionand $140.1 milion at June
Slide 11: Non-Performing Assets and credit quality
$2,400, 1.20% Y Non-Performing Assets to Total Assets Ratio increased to $2,200 0.20% at June 30, 2024 from 0.17% at March 31, 2024 $2,000, 1.00% {sequential quarter) 1,900 si,600 0.80% Y $12,000 Recovery of Credit Losses in the quarter ended si.ao0 June 30, 2024 si200 0.60% Y 1,000, No REO $e00 0.4
Slide 12: Construction and loan charge-off detail
$20,000 Construction fe CommerciaRen estate OM 8.000 $700 $708 $7,065 _CommercialBusiness / o% $6001 $5,946 Multi-Fariy_ 3 Consumer ox _— om $6000 _ other ox 4000 3 $2000 : \ Single-Family 29% so oy 0/50/25 cHySOS 1954/25 o/S4/28 ow/30/28 su so sa sa $0 aa ‘Single-Family ~$ = 10 $2596 ~$ 6 $ 1300 $0
Slide 13: Inland Empire and geographic loan location
Inland Empire Pe Single amily 9 e008 2847627 34K HORT aH 24 om = B18081 100% Muti amity Ce | 7 ec) ow 206.182 100% Commercial RealEstate 13583 18% agra 50% 25.02 308 ow eas 400% Coretrustion 2a OK 180 54% ea aT ow zac 100% Other ow 95 100% o% ow 8 00% Total TRG He 8a RS aN —~SSEGD oa a ‘Geographic L
Slide 14: Loan originations by year
Year oforiana ton leartame nova) [5 s.28]s use] s r705/¢ ssels isa] s ussz]s asi] $ onms|s 19415/$ sist jvertea aa. Lr ws [as | om |! sx |* sx | ei fe | ae |e | aes fweraed a, hae 2 wo | tm | em | so | sor | 2s tr | tie | aa | 331 lccogapnis eeskoowe Cs) Neva enpie zs | ws | soe | ws | ae | oe ax |
Slide 15: Bank Capital Ratios
Bank Capital Ratios 10.206 20.006 10.00% 29.00% sam 22.00% 60% 17.00% aa eat 16.00% 00% 03/31/23 06/30/23 03/30/23 12/31/23 03/31/24 06/30/24 35.006 caysaja3 | 06/30/23 | 09/30/23 | 12/31/23 | 03/31/24 | 06/30/24 Tier leverage fistia 9596 95% 9206 © ae 97E 10.06 ——cetihsia 17.906 | W506 179 BIBT 18.
Slide 16: Strong Capital Ratios
¥ Strong Capital Ratios StockPrice to Tangible Book Value Multiple ¥ 4.48% Cash dividend yield (approximately) oe ¥ Purchased approximately 48,000 shares of commen ies stock in the fourth quarter of fiscal 2024 1.00% 1st a8 0.7% —_—_ a | Steck Repurchase Plan Actity 260% 05/30/2|32/31/20 03/31/23 06
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