Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2013 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Apr 25, 2013
Slide 1: Third Quarter of Fiscal 2013
PROW/DENT 3. Provident Financial Holdings, Inc. Third Quarter of Fiscal 2013 March 31, 2013
Slide 2: Safe Harbor Statement
fe Harbor Statemen' ‘This presentation contains statements that the Company believes are Yorward-ooking 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 st
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $17.01 52-Week Range: $10.28 - $19.69 Shares Outstanding: 10,450,471 shares Market Capitalization: $177.8 million P/E (ttm): 7.46x EPS (ttm): $2.28 Annual Dividend & Yield: $0.28 (1.65%) As of March 31, 2013
Slide 4: Franchise Overview
Franchise Overvie orthern California: Pre Bank Provident Bank Mortgage } Pleasanton ; Frat, Pleasanton, Rose, San Rafael and ‘Full Service Oca: yp Wholeale Otic: Stockton. Bythe Peasanton Canyon Crest Riverside Rancho Cucamonga Corona Retail Offices: Corporate Ofce, Riwrside iy of Industry Downtown,
Slide 5: Financial Performance
Financial Performance Net Interest Income Highlights > Net income increases by 109% > Non-InterestIncomeincreases by36% > Pre-Provision,Pre-Taxtarmingsincrease by 36% > Efficiency Ratiolmprovest0679% Non-Interest Income Operating Expenses
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Eamings Pre-Tax Income — Operating Segments
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix > AverageDeposit Costs decrease by 16basis points > Core Deposits ise asa percentaneof total deposits > Borrowings decrease by 27% due tomatunties > AverageBorrowing Costs decrease by 1Sbasis points cS
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition Loan Composition as of 03/31/13. Conmeraaltuaness o Sepie-smiy [commercial re! exate baad conaumer anne loner [commercial buaness leansheld &nvesment un.amy etre oan coms so senvesment Saalecamiy
Slide 10: Community Banking
Community Banking Deposits and Borrowings Deposit Composition at 03/31/2013 Deposit Composition lenecingaccouts non mterntzentey $ $6927 -% 6S SGIN «MI ees beng 2ine07 us m7 02% 27281 020% [rine doses 23192. 1.30% Fret aeposts S s2g100 088% lees senontsncisedetoe $7088 3a $s Borrowing Maturity Sched
Slide 11: Asset Quality
Asset Quality Highlights NPA, NPA to Total Assets and ALLLto LHI Ratios > Net charge-offs decine by 72% = la > Non-Performing Assets dedine by 419% > New REOs decine by 68%, t06 propertiesfor the quarter Provision (Recovery) for Loan Losses Non-Performing Asset Composition 03/31/13
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocation as of 03/31/13 Gieect Delinquent and Non-Performing Loans
Slide 13: Geographic Location 03/31/13
Other than and Empee Geographic Location 03/31/13
Slide 14: Asset Quality
Asset Quality Single-Family (1*)— Loans Held for Investment Multi-Family — Loans Held for Investment
Slide 15: Mortgage Banking
je Banki Highlights PBM Loan Originations Mort > Loans ongmatedforSaeincrease by 35% > Gain on Sale of Loans increases by 36% “ > Loan Sale Hargin increases 13 bass points ne > Locked Ppelne fueled byhstoncaylow motgape rate PBM Locked Pipeline PBM Loan Purchase vs. Refinance
Slide 16: Mortgage Banking
Mortgage Banking Loan Sale Margin Gain on Sale of Loans
Slide 17: Capital Management
Capital Management Highlights > Strong Capital Ratios > Increased Cash Dividend by 40% > Repurchased 160,534 shares of common stock > Completed the Apel 2012 stock RepurchasePlan > Announced thenew March 2013 Stock Repurchase Plan
Provident Financial Holdings — Q3 FY2013 Earnings Presentation on 6ix