Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q2 FY2013 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Jan 24, 2013
Slide 1: Provident Financial Holdings, Inc. Second Quarter of Fiscal 2013
PROVIDENT fh Provident Financial Holdings, Inc. Second Quarter of Fiscal 2013 December 31, 2012 vww.myprovident.com
Slide 2: Safe Harbor Statement
Safe 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
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $17.50 52-Week Range: $9.21 - $17.55 Shares Outstanding: 10,597,005 shares Market Capitalization: $185.4 million P/E (ttm): 8.58x EPS (ttm): $2.04 Annual Dividend & Yield: $0.20 (1.14%) As of December 31, 2012 PILL ES
Slide 4: Franchise Overview
hise Overview Northern California: Provident Bank Pleasanton cael 4} fairfield, Pleasanton, Roseville, San Rafael and Full service Oftees! Wr Stockton. Blythe Canyon Crest, Riverside Corona San Luis Obispo: Corporate Office, Riverside Downtown, Riverside Santa Barbara Hemet La Quinta La Sierra, Rive
Slide 5: Highlights
Highlights nsene) Net Interest Income > Net Income increases by 274% fae > Non-Interest Incomeincreases by 174% 2s 2s > Pre-Provision, Pre-TaxEarnings increase by 177% L. _ > Efficiency Ratio improves to 58% sot ae a a Non-Interest Income Operating Expenses amon) fourereneo) PN
Slide 6: Financial Performance
jal Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income — Operating Segments fuer) (aiatens oan te RE Quarterly Net Income ms) sm (auarter Ena (Gusrerenaea)
Slide 7: Ratios
| Ratios Net Interest Margin Efficiency Ratio usteEngea) Return on Average Assets (Guarerenaia) ‘Gusrrenss) . Return on Average Equity (Garter enaea)
Slide 8: Community Banking
Community B ng Highlights Loan to Investment Mix > AverageDeposit Costs decrease by 20 basis points pa > Core Deposits rise as a percentageof total deposits > Borrowings decrease by 28% due to maturities > AverageBorrowing Costs decrease by 18 basis points see. Loan Portfolio Mix Provident Bank Loan
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition Loan Composition as of 12/31/12 Commercial business 0% otner Single-family $ 4224857 369% § 455606 3.80% 0% Sonmunes utitemity 261,580 5.81% 298,285 5.84% “oe Commensareal esate roiser 5st eerie 6244 Commercial asia lotner 300 4.82% 1528 56344
Slide 10: Community Banking
Community Banking Deposits and Borrowings Deposit Composition checking accounts -non inerestbearing $ $1,121 -% § $1,785 -% Checking accourts-interest-bearing 204984 018% 198,683 0.2604 Savings accounts 225501 025% 218845 0.804 Money market accourts 27589 0.37% 20278 057% Lime deposits 426031 1.52%
Slide 11: Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios
Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios > Net Charge-Offs decline by 45% > Non-Performing Assets dedine by 32% > 30-89 Days Delinquent decline by 54% see so > New REOs decline by 75%, to5 propertiesfor the quarter Provision for Loan Losses Non-Performing Asset Composition 12/31/12
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocationas of 12/31/12 | | | finer gular De Ess Delinquent and Non-Performing Loans eo siae is 5
Slide 13: Asset Quality
Asset Quality Geographic Location Single Family simsee 3% = S028 18 1% seza.487 100% MusFamiy 29221 18% ese aetze 2h awe RTSBD 100% Commercial RaslEsiste £4762 5% «0m 1310 a eT Othe tears 200 100% - ow om om 200 100% Tal SRO Se _SHSST Gon STE Tee TOT me =O TO (ther than Inland Empire. Geographic Loc
Slide 14: Commercial RE — Loans Held for Investment
Commercial RE — Loans Held for Investment PILL UE
Slide 15: Mortgage Banking
Mortgage Banki Highlights > Loans Originated for Sale increase by 60% > Gain on Sale of Loansincreases by 203% > Loan Sale Margin increases to 192 basis points > Locked Pipeline fueled by historically low mortgage rates PBM Locked Pipeline PBM Loan Originations PBM Loan Purchase vs. Refinance
Slide 16: Mortgage Banking
Mortgage Ba ig Gain on Sale of Loans Loan Sale Margin fo Tmcueana a Recourse Provision Recourse Reserve (on Teaveens) tw Traanae 76 ovsrerenses) (avaner ena) -
Slide 17: Capital Management
Capital Management Highlights Stockholders’ Equity (mmmone) > Strong Capital Ratios > Increased Cash Dividend by 40% > Repurchased 93,580 shares of common stodk ‘een 1a Bank Capital Ratios Value Proposition ae Stock Price to Tangible Book Value Multiple nae aon son Se ae 2 ot Tae rn ee “ar [ee [os a
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