Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2013 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Jul 30, 2013
Slide 1: Fourth Quarter of Fiscal 2013
wi PROW/DENT 2. Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2013 June 30, 2013 provizenriis. ""wwamyprovident.com
Slide 2: Safe Harbor Statement
afe Harbor Statemen This presentation contains statements that the Company believes are “forward-looking 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 s
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $15.88 52-Week Range: $10.92 - $19.69 Shares Outstanding: 10,386,399 shares Market Capitalization: $164.9 million P/E (ttm): 6.67x EPS (ttm): $2.38 Annual Dividend & Yield: $0.28 (1.76%) As of June 30, 2013 ENT Se.
Slide 4: Franchise Overview
Franchise Overview Northern California: Provident Bank Provident Bank Mortgage } Pleasanton 7 i YY rairiels, Pleasanton, Rosevile, San Rafael and Full-Service Offices: yy Wholesale Offices: 4 Stockton. Blythe Pleasanton Canyon Crest, Riverside Rancho Cucamonga Corona Retail Offices: Corporate Office
Slide 5: Financial Performance
Financial Performance Highlights Net Interest Income > Net Income increases by 22% Erma > Net charge-offs decine by 93% > Non-Interest Incomeincreases by 109% > Strong Retum on Assets Be > Strong Return on Equity Non-Interest Income causes ners)
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income — Operating Segments Quarterly Net Income none
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix > AverageDeposit Costs decrease by 12 asi points won > Core Deposits riseas.a percentageof total deposits > Borrowings decrease by 16% due tomaturities > AverageBorrowing Costs decrease by 10 basis points see > Loan Originations and Purchases incre
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition Loan Composition as of 06/30/13 [She tomy s Sooo [Scorer rea! ett Joccrecson a [moter ute, Ecooracetcen [Tes lars nel imvertmers net © 748297 Sense,
Slide 10: Community Banking
Community Banking Deposits and Borrowings Deposit Composition checkingaccounts-non nieresttearng S$ S785 -% S Checking accounts nteres-bearng 206,784 0.16% Savings accounts 9779 025% oney mart accounts 26209 0.39% Lime sepasits 402213 1.27% af a f. a a Hota eposis $ 9010 06% § Be (| ] | | | : Broker
Slide 11: Asset Quality
Asset Quality NPA, NPA to Total Assets and ALLL to LHI Ratios Highlights > Het Charge-offs decline by 93% > Hon-Performing Assets dedine by 40% > Hew REOs decline by 73%, to’3 propertiesfor the quarter > $1.5 milion Recoveryfrom the ALLL > Hegligible 30-89 Days Delinquent balance Provision (Recovery
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) Delinquent and Non-Performing Loans PLZ ETI ALLLAllocation as of 06/30/13
Slide 13: Asset Quality
Asset Quality Geographic Location os *% 00% 2% % 00% * 0% sese8 00% 021s ees 100 other than Inland Empre, Geographic Location 06/30/13
Slide 14: Asset Quality
Asset Quality ‘Single-Family (1) — Loans Held for Investment Multi-Family — Loans Held for Investment
Slide 15: Mortgage Banking
Mortgage Banking Highlights PBM Loan Originations ruse) > Loans Originated for Sale increase by 14% > Gain on Sale of Loans increases by 10% > Loan Sale Margin decreases by 6 basis points ste > Locked Pipeline fueled by historically low mortgage rates ae a ome Tunas ams PBM Locked Pipeline PBM Loan
Slide 16: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Loan Sale Margin
Slide 17: Capital Management
Capital Management Highlights Stockholders’ Equity > Strong Capital Ratios re > Increasing Cash Dividend seo > Repurchased 122,731 shares of common stock (ourenone) Bank Capital Ratios Value Proposition ‘Stook Prise Tangible Book Value Multiple
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