Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2015 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Jul 28, 2015
Slide 1: Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2015
wi PROW/DENT 2. Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2015 June 30, 2015 provizenriis. ""wwamyprovident.com
Slide 2: Safe Harbor Statement
fe Harbor Statemen 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, liquidty, results of operations, plans, object
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $16.74 52-Week Range: $14.04 - $18.44 Shares Outstanding: 8,634,607 shares Market Capitalization: $144.5 million PIE (ttm): 15.64x Diluted EPS (ttm): $1.07 Annual Dividend & Yield: $0.48 (2.87%) As of June 30, 2015
Slide 4: Franchise Overview
Franchise Overview — Fale Os: fy Witter } Ek Grove, Livermore and Roseville ea * oleeste Ofices: Blythe Pleasanton Canyon Crest, Riverside Rancho Cucamonga Corona Retail Offices: Corporate Ofice, Riverside Carlsbad Downtown, Riverside City of industry Hemet Elk Grove La Quinta Escondido La Siera, Ri
Slide 5: Non-Interest Income
Non-Interest Income (talons) (hn tions) $10.0 330 s70 350 $50 oe. OSFYI4 QAFYIE QIFYIS GZFYIS QBFYIS O4FYIS -A.G.R — Compound annual growth rate trom@3FY2014 through Q4FY 1S $120 sto OsFYIé QsFYI4 " OIFYIS GRFVIS O3FVIS Q4FYIS TBGais on Sale ofLoans —eOther Fees S42 sis7__ $139 OSFYIS QMFYIE QIFYIS
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings (eons) 60-77 OIFYI4 QV QIFYIS G2FYIS GBFVIS GKFYIS (CAG. -Compound annual row rate trom Q3FY14 through QEFY 1S. Quarterly Net Income OsFYi4 | OMFS | OIFYIS | G2FVIS | BFS OMFYIS Troteer’s Dn @ $020 Pre-Tax Income — Operating Segments itons) $50 s
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio 4.00% 100.00% 274% 205% 296% «301% 305% — 3.09% — 30.0% a anso% 7901% 7825% 20.00% 200% 70.00% 1.00% 60.00% 0.00% 50.00% OaFYI4 GMFYIé GIFYIS | G2FYIS | G2FYIS | G4FYIS Gare GUFYI4 GIFYIS GIFYIS — a4FYIS Return on Average Assets 4.00% = 10.00% 07
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix ‘31,000 > Loans Held for Investmentincrease5% since June 30,2014 > Mine consecutive quartersof Preferred Loan growth > Core Deposits increase by $51.4 millon, oF 10%, since June 30, 2014 $200 +7 > Higher cost Time Deposit balances continue todeclin
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition S377 828 44% ont] 4.78 527% 96.781 5.74 5.26% 2069S. 553% 1257 656: 998% 306 9.068 406% $780,208 4.14 (1,090) 215 2552 are 2st Loan Composition as of 06/30/15 fasngieFamay lantus:F amy lacommerciai Real Estate leconstuction lacommersal Business
Slide 10: Community Banking
Community Banking Deposits and Borrowings Deposit Composition Titer totes inThousends)—ALOSaNAS Rate ALOsaNDO Rate | sine [checkng Accounts-Non nterest-Seaing $6753 -% $ S864 -% [checking Accounts terest-Searng 224000 0.18% 202768 0.14% 000 |Sovings Accounts, 255900 025% 239,429 0.26% 2 Ioney warket
Slide 11: Asset Quality
Asset Quality Highlights > Hlon-Performing Assets dedine 119% to $16.3 millon since June 30, 2014 > Net Recoveries in four ofthe prior six quarters > REO activity remains limited Recovery from Allowance for Loan Losses (Thousands) $500 seit) (104) NPA, NPA to Total Assets and ALLL to LHI Ratios $25,
Slide 12: Asset Quality
Asset Quality ALLLAllocation as of 06/30/15 a0: 20%. Allowance for Loan Losses (ALLL) (n Thousands) $15,000, 12500 sio02¢ $9744 se.68 10,000, Seen STD SBT 7500 $5,000 $2500 Oaaui4 60s osGONE 120114 O3R1/S "oBO/S Delinquent and Non-Performing Loans Seat fam 3 s1ms se gms 2g mesg ser hatter SN Cones R
Slide 13: Asset Quality
Asset Quality Geographic Location Sige Fany i ee saniFamiy Ce Ld ConmeriolReslEse 49501 42K 42885 K NGOS = 0% Si00887 100% Comtucon 1005 1% SD RTE me = 0% safer 0% ‘Other than Inland Emote. Geographic Location 06/30/15 21% a27% iBiniand Emore mSoutnem Caliemia (1) ‘BOther Calfomia Other States ‘0Oth
Slide 14: Asset Quality
Asset Quality ‘Single-Family (1) — Loans Held for Investment Multi-Family — Loans Held for Investment fimatenciv” | we | mm | sw | em | ow | ae | om | om | om | om |e Magee ag apoem| x | fa | ie | te | Soo | Se | Sm | She | Ge | SS ears as rm =|: oer legerc tesco po = ‘eet wx fam fom fom fox foe fae
Slide 15: Mortgage Banking
Mortgage Banking Highlights PBM Loan Originations > Loan Origination Volume increases 6% to $727.3 millon (sequential (tions) quarter) poor > Gross Locked Pipeline decreases 41% to $190.9 million (sequential quarter) > Loan Sale Margin increases 14 basis points to 139 basis points (sequential S200 q
Slide 16: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Loan Sale Margin (in Thousands) 2.00% zee sos fies ean RT TER 120% on 4 oy tame aes 10,000 150% s3o2sres2__ $0042 $8,000 100% $6000 $4,000 050% $2000 0.00% * ORY QSFYI6 GIFVIS GZFVIS ORFVIS OMFYIS Osis G4FYI4 GIFYIS " GRFYIS — GRFYIS ~ Q4FYIS [Letoan Sate Wargi
Slide 17: Capital Management
Capital Management Highlights > Bank Capital Ratios remain strong > Implemented Basel III capital protocolon January, 2015 > 2.87% cash dividend yield (approximately) > Repurchased approximately 188,000 shares of common stock Bank Capital Ratios ‘Stock Repurchase Plan Activity (#ot Shares) 500,000,
Provident Financial Holdings — Q4 FY2015 Earnings Presentation on 6ix