Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2025 Earnings Presentation
16 slides from Provident Financial's earnings presentation, Apr 28, 2025
Slide 1: Third Quarter of Fiscal 2025
Third Quarter of Fiscal 2025 Pa March 31, 2025 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 1995, 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 $14.59 $12.01 - $16.70 6,653,822 shares $97.1 million 15.20x $0.96 $0.56 (3.84%) As of March 31, 2025
Slide 4: Franchise Overview
Franchise Overview Pe) Largest independent community bank headquartered in Riverside County, California Expanding customer base and PT market ° 11" largest deposit market share in Riverside County; 2"? largest deposit market share of community banks provipewT'i. Provident Bank Offices: “A Blythe “A
Slide 5: Net Income increased approximately 113%
Net Income increased approximately 113% csrvas Pre-Provision, Pre-Tax Income increased approximately 25% v v cary ¥ Net Interest Margin increased 11 basis points to 3.02% carves ¥ Net Interest Income increased approximately 5% v v Non-Interest Income increased approximately 7% aarvaa Operating Expen
Slide 6: sao
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Slide 7: 350% 50.00% 35.00% e135% B08 80.00% . 7500% 274% 2.50% 70.00% 65.00% 200% 0.00%
350% 50.00% 35.00% e135% B08 80.00% . 7500% 274% 2.50% 70.00% 65.00% 200% 0.00% azry24 azev24 qarv24 aney2s azev2s aarv25 azry24 q3Fy24 aaryaa atev2s qzrv25 q3Fv25 1.00% 2000% 06% 0.62% som 6.56% 5.96% 5.78% 5.71% 600% oso 487% 4.00% 200% ae 00% Q2Fy24 Q3FY24 Q4FY24 QiFY25 Q2FY25 a3FY25 0.00% azry24
Slide 8: Balance sheet highlights: loans, deposits, borrowings
In ittions Y Loans Held for Investment balance increased and the yield was unchanged at March 31, 2025 cas as’ 12/8/24 Y Total Deposits balance increased approximately 4% and ae the cost increased eight basis points at March 31, 2025 09/80/24 05/80/24 Y Total Borrowings balance decreased approximate
Slide 9: Loan Category balances and interest rates
Loan Category Balance as Interest Balance as__ Interest J@ollars in Thousands) 0f 03/3125 Rate of 03/31/24 Rate Single-Family 3 S537T 486% $517,039 4.30% Multi-Family 423547 5.47% 457,401 5.14% Commercial Real Estate 75343 663% 83,196 6.98% Construction 37 11.00% 2,745 8.81% other 8g 5.25% 99 5.25%
Slide 10: Balances & Activity
Balances & Activity 12/34/23 03/31/24 06/30/24 08/30/24 12/31/2403/31/25 Transaction Accounts mTime Deposts = Borrowings 5077 (Dollass a Tuo4se4d} At03/31/2025 Rete At 03/34/2024 Rate 8 Cracking Accouats-Non naastBaemmg = $$ 89403 = 708% (Chacting Accounts nace Baanng 248392 004m zs oom Savmge Accou
Slide 11: Non-Performing Assets to Total Assets Ratio decreased
$2,800 140% Y Non-Performing Assets to Total Assets Ratio decreased to $2,800 0.119% at March 31, 2025 from 0.20% at December 31, on aes 2024 (sequential quarter) $2000 aoe Y $891,000 Recovery of Credit Losses in the quarter ended oy wae March 31, 2025 sao su200 0.60% Y No REO S000 200 0.40% Y Early
Slide 12: Credit loss allowance and mortgage banking
10,000 CommerciaiReal state “onsuustion 1% sao00 $7,000 $7,108 $7,065 $6,956 _ CommercialBusiness $6,529 Sal / 1% Multi-Family / coneuaee $6,000, ae ee : Other ~ 0% $4,000, 3 $2000 é \_ Single-Family so 88% 1251/2 oySt/24 ORO; cHSOE IasHAR ORL Norgage Ware “Shatter Makan eeate $0 tty carv2aOSFY24 —O
Slide 13: Loan Category by geographic location
Loan Category Intand Empire” Southern California” Other California Other States Total f(Ootlare in Thousand) Balance Percentage Balance Percentage _Balance_Percentage Balance Percentage Balance __ Percentage Single-Family $ 144,639 27% $ 182,022 33% $ 218 486 40% $ 230 0% $ 845,377 100% Muti Farnily
Slide 14: Loan portfolio LTV, FICO and geographic breakdown
lWelertea Ava, Fico? JSecargare Breagon (2%) Loan eaence ¢n moussnds) Loan eatnce cn Thousancs) leccerne ereaKton (9), [can Batsnee (in Thauserds) jdctted $a, LTV" ldehaed ua, Ae tnvene) fdgfned ug. FICO Number of Loans ecaraahio Breakin (22) Irian Empira!® Southam Cafforia!™ Cher California ™ hee S
Slide 15: Bank Capital Ratios
Bank Capital Ratios 10.20% 20.00% 10.00% 29.00% sam 22.00% 60% 17.00% aa eat 16.00% 00% 30/31/23 03/31/24 06/30/24 03/30/24 22/31/24 03/33/25. AS.OPE soyajz3 03/31/24 06/30/24 08/30/24 12/31/24 03/31/25 Tier Leverage fstia 9.00% 9706 «0% SRI a —<ceritaio 18.206 | 7A 19.286 = 83H. 18.06 13008 72008 1
Slide 16: Strong Capital Ratios
¥ Strong Capital Ratios StockPrice to Tangible Book Value Multiple ¥ 3.84% Cash dividend yield (approximately) oe ¥ Purchased approximately 52,000 shares of commen ies stock in the third quarter of fiscal 2025 von 1st ste 4.7% | Stock Repurchase Plan Actvity 1.505 (05/30/23 | 03/30/23 22/21/23 02/31
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