Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q2 FY2025 Earnings Presentation
16 slides from Provident Financial's earnings presentation, Jan 28, 2025
Slide 1: Second Quarter of Fiscal 2025
Second Quarter of Fiscal 2025 Pa December 31, 2024 e324 PROW/DENT 24. myprovident.com Provident Financial Holdings, Inc.
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
Slide 3: Provident Financial Holdings, Inc. stock 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 $15.91 $12.01 - $16.70 6,705,691 shares $106.7 million 16.93x $0.91 $0.56 (3.52%) As of December 31, 2024
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
Slide 5: Net income and margin highlights
Net Income decreased approxi Pre-Provision, Pre-Tax Income decreased approximately 9% Net Interest Margin increased seven basis points to 2.91% Net Interest Income increased approximately 2% ately 6%. Operating Expenses increased due to approximately $267,000 of non-recurring or intermittent expense
Slide 6: sao
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Slide 7: Net interest margin and efficiency ratios
350% 50.00% 35.00% s00x | 280% Pers cove 274% aoe: 75.00% 270% 274% 2.50% 70.00% 730% 65.00% 200% 0.00% airy2s azeva4 qsrv24 agry24 aievas azrv2s airy24 qzry2g azeva4 aaryaa qarv25 qzrv25 1.00% 2000% osm 800% 656% 600% oso 4.00% B26 200% 00% Qiry24 G2FY24 Q3FY24 Q4FY24 QiFY25 a2FY25 0.00% aary24 aze
Slide 8: Loans, deposits and borrowings balances
In Millions Y Loans Held for Investment balance increased slightly and the yield increased one basis point at December 31, 2024 Li. Ts os/s0/24 ¥ Total Deposits balance increased slightly and the cost ee decreased five basis points at December 31,2024 06/30/24 03/81/24 Y Total Borrowings balance dec
Slide 9: Loan composition and interest rates
Loan category Balance as Interest Balance as _ Interest |Dollarsin Thousands, of12i31/24 Rate of 12/34/23 Rate Single-Family 3 $35,140 4.60% § 521,984 4.92% Multi emily 499,724 5.40% 455,502 5.00% Commercial Real Estate 71984 6.72% aaet0 6.20% Construction 4,480 11.00% 2534 8.86% other 5.25% tor 5.2
Slide 10: Deposit balances and activity
| “Balances & Activity | 05/30/23 12/31/23 03/31/24 08/30/24 08/30/24 12/31/24 Transaction Accounts mTime Deposts = Borrowings At 412/31/2024 Rate __At-12/34/2023 Rate (Cracking Accousts-Non taastBesmng $= 85.399 § «SHO = {Cracting Accounts nace Bang 251024 004m, 253% oom Savmge Accouats 22917 020%,
Slide 11: Non-performing assets to total assets ratio
Y Non-Performing Assets to Total Assets Ratio increased to 0.20% at December 31, 2024 from 0.17% at September 30, 2024 (sequential quarter) Y $586,000 Provision for Credit Losses in the quarter ended December 31, 2024 ¥ No REO Y Early-Stage Delinquencies remain at very low levels $2,800 1.40% 2800 s
Slide 12: Construction and loan originations
10,000 Construction Pen Binaries en $8,000, $7,000 $7,108 $7,068 $6,958 __ CommercialBusiness $6,529 0% Multi-Family constiaee 8% ee $6,000, _ other 0% $4,000, 3 $2000 a \_ Single-Family so 90% cso 1951/25 ayS1/28 O/SO)20 oH/SORE 1931/28 Momgige tome “Shatroniy Mako curv2a§—q2FY24 —Fv28 = GaFY2a —OL
Slide 13: Loan portfolio by type and geographic location
Single Family S1es80 ww SITAR aK SRO KG HOB ASIN 100% Mut Family a 0% aaa 400% ‘Commercial Real Estate yaa 7% wasee 5am 210 8% ow vaca 100% Conetuction ow 10 100% 0% 0% 40 100% other ow 100% 0% 0% 400% Tatar P22 mw s4DeR ee Some Sw § 25 0% SinaAs 100% " comsedot Persie ad Sen Seman cures ° aharthanh
Slide 14: Loan portfolio details by property type
Loan eaence ¢n moussnds) lWelertea Ava, Fico? JSecargare Breagon (2%) 17,185 | 145,755] 201 308] $55,595 {$54,165 | $552,056 lLsaneatncecn Toman) | waers [sanam |sassre |masm | yaar [ress | rascs | sza.roe | t21se0._| yr r24 leccerne ereaKton (9), LeanBatnee(In Truss) | $12,008 | $4,207 | $3.08 | 90
Slide 15: Bank Capital Ratios
Bank Capital Ratios 10.20% 20.00% 10.00% 29.00% sam 22.00% 60% 17.00% aa eat 16.00% 00% 9/30/23 12/31/23 03/31/24 06/30/24 03/30/24 12/31/24 AS.OPE pojsoj23 10/31/23 03/3/24 06/30/24 09/30/24 12/31/24 Tier leverage fistia 9.29% 946% «9.710.098 IRE cet faio 179% 18.206 187A 19.205 18.318. 6I oem ag a
Slide 16: Strong Capital Ratios
¥ Strong Capital Ratios StockPrice to Tangible Book Value Multiple ¥ 3.52% Cash dividend yield (approximately) oe ¥ Purchased approximately 64,000 shares of commen ies stock in the second quarter of fiseal 2025 von 1st ate 7% | Stock Repurchase Plan Actvity 1.505 (05/34/23 | 05/30/23 09/30/23 12/31/
Provident Financial Holdings — Q2 FY2025 Earnings Presentation on 6ix