Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Sandler O'Neill + Partners 2009 West Coast Financial Services Conference
11 slides from Provident Financial's conference presentation, Mar 2, 2009
Slide 1: 2009 West Coast Financial Services Conference
SANDLER O'NEILL + PARTNERS 2009 West Coast Financial Services Conference [March 3,2009 | PROVIDENTi&&. Provident Financial Holdings, Inc. www. myprovident.com
Slide 2: Safe-Harbor Statement
PROVIDENT a. Provident Financial Holdings, Inc. Safe-Harbor Statement This presentation contains statements that the Corporation believes are “forward-looking statements." These statements relate to the Corporation's financial condition, results of operations, plans, objectives, future perfarmance a
Slide 3: Pre-Provision, Pre-Tax Earnings
PROV/DENTZ23. Provident Financial Holdings, Inc. Pre-Provision, Pre-Tax Earnings * 9; GR: (In Millions) 58 Yo CA eo $6.4 $6.0 4 $5.3 $5.0 $5.0 4 B42 $4.41 $4.0 4 $3.0 $3.0 7 szoe | so | s 4 agv7 1207 03.08 a5/08 ag/08 12/08 (Quarter Ended) *C.AG.R.- Compound annual growth rate from the quarter ended
Slide 4: Provident Bank Mortgage Loan Originations
3 << » Vv PROW/DEWT 3. Provident Financial Holdings, Inc. Provident Bank Mortgage Loan Originations (In Millions) $1807 $1607 $1407 $1204 $1007 $804 $604 $404 $204 so as/07 12007 0308 06/08 03/08 12/08 (Quarter Ended) aleable Portfolio
Slide 5: Provident Bank Mortgage Locked Pipeline
PROVIDENT: Provident Financial Holdings, Inc. Provident Bank Mortgage Locked Pipeline Locked Pipeline - Available for Sale (In Thousands) $80,000 4 east $70,000 4 2 gan’ $60,000 4 $50,000 4 $40,000 4 $30,000 4 $20,000 4 $10,000 4 $(0) 09/07 12/07 038 o6/08 0908 12/08 ™@Gross Locked Pipeline $35 670
Slide 6: Loan Sale Margin
PROVIDENT a. Provident Financial Holdings, Inc. Loan Sale Margin 1.90% 140% 0.90% 0.40% 0.10% -0.60% pepound solid 0.32% 09:07 12/07 03/08 06/08 age 1208 (Quarter Ended) MLoan Sale Margin MLoan Sale Margin, Excluding Recourse Provision |
Slide 7: Asset Quality: Single-Family Loans Held for Investment
Asset Quality Single-Family (1st) — Loans Held for Investment Loan Balance (In Thousands) 5 12.582 $27 B22 PROVIDENT: Provident Financial Holdings, Inc. 9234539 | $192,445 | $117,582] $53,559 | $742 147 Weighted Avg. LTV (1) 51% 53% 7% | 72% | 7% | 73% | 70% 72% | 76% | 72% [Weighted Av 9, Age dn ve
Slide 8: Asset Quality: Commercial Real Estate Loans
~ I PROV/DENTZ23. Provident Financial Holdings, Inc. Asset Quality Commercial Real Estate — Loans Held for Investment Loan Balance (In Thousands) 082 | $3,183 | $7770 [814.261 [13520 [$23 450 | $32,562 [$23,251 | 96.525 | $127 574 Weighted Avg. LTV (1) 37% 51% | 53% | 48% | 53% | 50% | 56% | 55% | 3
Slide 9: Asset Quality: Multi-Family Loans
Asset Quality PROV/DENTZ23. ~ I Provident Financial Holdings, Inc. Multi-Family — Loans Held for Investment Loan Balance (In Thousands) $2060 $4349 [$21 274 | $46,120 | $65 095 [$114 252 [$105 689 [$19,715 ]$381 704 Weighted Avg, LTV (1) 30% 46% | 5% | 54% | S7% | 58% | 58% | 57% | 57% Weighted Avg,
Slide 10: Bank Capital Ratios
PROVIDENT a. Provident Financial Holdings, Inc. Bank Capital Ratios 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% ag/a7 12007 03/08 ose og/o8 12/08 mC ore Capital Ratio 7ATM% 7.13% 7.09% 7.19% 742% 7.25% imTier 1 Risk-Based Capital Rata 10.77% 10.73% 10.80% 10.93% 11.71% 11.63% MTotal Risk-Base
Slide 11: Value Proposition: Stock Price to Tangible Book Value Multiple
PROVIDENT: Provident Financial Holdings, Inc. Value Proposition Stock Price to Tangible Book Value Multiple 1.80 1.60« 1.40« 1.20% 1.00% 80x ae 60x ADx 20% 00x IMar Jun Sep Dec Mar [Jun Sep Dec 2007 2007 2007 2007 2008 2008 2008 2008 Ee =Pricetav | 1.37% 124x 110% six a78x 47x O.4ax 0.24% 10