Provident Financial Holdings, Inc. · NASDAQ:PROV

Provident Financial — Q1 FY2025 Earnings Presentation

16 slides from Provident Financial's earnings presentation, Oct 28, 2024

  1. Slide 1: First Quarter of Fiscal 2025

    First Quarter of Fiscal 2025 Pa September 30, 2024 e324 PROW/DENT 24. myprovident.com Provident Financial Holdings, Inc.

  2. 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

  3. Slide 3: Provident Financial Holdings, Inc. Company 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 $14.35 $10.16 - $15.40 6,769,247 shares $97.1 million 13.17x $1.09 $0.56 (3.90%) As of September 30, 2024

  4. Slide 4: Franchise Overview

    Franchise Overview Pe) Largest independent community bank headquartered in Riverside County, California Expanding customer base and PT market ° 10" largest deposit market share in Riverside County; 2" largest deposit market share of community banks provipewT'i. Provident Bank Offices: “A Blythe “A C

  5. Slide 5: Net Income and Pre-Provision Income Highlights

    Net Income decreased approxi Pre-Provision, Pre-Tax Income decreased approximately 27% v v caaryaa ¥ Net Interest Margin increased 10 basis points to 2.84% asry24 ¥ Net Interest Income increased approximately 2% v v ately 39% Pees Well controlled Operating Expenses arya Non-Interest Income decreased

  6. Slide 6: sao a

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  7. Slide 7: Net Interest Margin and Efficiency Ratio

    ane 7621% 7500% so0x | 280% saws swe 7000% 286% an es00% 69328 274% 2.50% 60.00% 55.00% 200% 50.00% aary23 anev24 qzrv24 azrr24 aaey24 aary25 aary23 qiry24 azeva4 azevaa garv24 qury2s 1.00% 2000% oe ose 800% im 656% fas 600% oso ots owns 4.00% 200% 00% Q4ry23 Q1FY24 2FY24 Q3FY24 a4FY24 aiFY25 0.00%

  8. Slide 8: Loans, Deposits and Borrowings Balances

    Y Loans Held for Investment balance remained virtually unchanged and the yield increased 12 basis points at September 30, 2024 Y Total Deposits balance decreased approximately 3% and the cost decreased two basis points at September 30, 2024 ¥ Total Borrowings balance increased approximately 5% and t

  9. Slide 9: Loan Category Balances and Interest Rates

    Loan Category Balance as Interest Balance as_ Interest |ollarsin Thousands of 09/30/24 Rate of 09/30/23 Rate Single-Family 3 524,235 4.59% § 521,576 4.24% Multi-Family 495,782 5.48% 457,351 4.88% Commercial Real Estate 81169 8.70% er9s4 5.96% Construction 2818 8.93% 2400 9.19% other 2 5.25% 104 5.25

  10. Slide 10: Deposit Balances and Composition

    Balances & Activity | ( Depesiesartorenins | | Desesitcompasiion | 05/30/23 08/30/23 12/31/23 03/31/24 06/30/2408/30/24 Transaction Accounts m Time Deposts Money Market Accounts Borrowings E Savings Accounts Tims Deposits 27%, 31% Checking Accounts Interest-Besaring 29% checking Accounts - Non Intar

  11. Slide 11: Non-Performing Assets and Credit Loss Recovery

    $2,400, 1.20% Y Non-Performing Assets to Total Assets Ratio improved to $2,200 0.17% at September 80, 2024 from 0.20% at June 30, $2,000, 1.00% 2024 (sequential quarter) 1,900 si,600 0.80% Y $697,000 Recovery of Credit Losses in the quarter ended si.ao0 September 30, 2024 si200 0.60% Y 1,000, No REO

  12. Slide 12: Credit Quality Trends

    20,000 Construction $779 CommerciaRea este OM $8,000, $7000 $7,108. $7,068 __ CommercialBusiness $6,529 / ox Seis Multi-Family / a ie = 0% $6,000 _ Other 0% $4,000 $2,000 : \_ Single-Family ° 90 eyo cH/S0/25 1931/25 0/51/20 oHSOI28 cHy30/28 s so so so $0 Cece so waren LE AES ET EE carves lirvos caFv

  13. Slide 13: Loan Portfolio by Type and Geography

    Single Fariy Sims KS TBZT aK SCAT aS SOM RAZ 00 Muti Famiy Cr a ow aes 7e2 100% Commercial RealEstate 13600 17% ee 5a ans 2% ow e169 100% CConetuction 2 8% 10 53% 4900 30% ow 2e18 400% ‘ther ow 2 10% ow ow 2 400% Tatar Pree 26 San ee SmereD om 9 2S OW SioMoea 100% PROVIDENT "Compreedor Rie ihe ad Sa

  14. Slide 14: Loan Portfolio Detail by Geographic Location

    loan paance (n-mouesas| #20,015 | $10,z62| $6,703 | 2,09 | $17,266 | pias, 260) $205,775] $97,053 | $41,203 | $oz3.141 lWelertea Ava, Fico? Toa qs | 733 | rer | 7sa | 7ea | 7e5 | 7es | vas | 750 Jecerannic Breaecran (25) 1) Em nc someon other Soumern cairergia‘” sam | som | aan | rom | sre | tem | S

  15. Slide 15: Bank Capital Ratios

    Bank Capital Ratios 10.206 20.006 10.00% 29.00% sam 22.00% 60% 17.00% aa eat 16.00% 00% 95/30/23 03/30/23 12/31/23 03/31/24 06/30/24 03/30/24 35.006 ceyao/23 | 09/30/23 | 12/31/23 | 03/31/24 | 06/30/24 | 09/30/24 Tier leveragefistia 95% 9256 94m «97 «0.0K 88 Scot faio 125m 79M 18.2.7 19.26 18.3 oem

  16. Slide 16: Strong Capital Ratios and Capital Returns

    ¥ Strong Capital Ratios ¥ 3.90% Cash dividend yield (approximately) ¥ Purchased approximately 94,000 shares of commen stock in the first quarter of fiscal 2025 =a asera3 20.000 99,000 60,000 30,000 100,000 # afshares PROVIDENT. 0.60% ‘Stock Price to Tangible Book Value Multiple en 30/3/22 | 03/21/23

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