Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q1 FY2014 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Oct 29, 2013
Slide 1: Provident Financial Holdings, Inc. First Quarter of Fiscal 2014
wi PROW/DENT 2. Provident Financial Holdings, Inc. First Quarter of Fiscal 2014 September 30, 2013 provizenriis. ""wwamyprovident.com
Slide 2: Safe Harbor Statement
afe Harbor Statemen This presentation contains statements that the Corporation believes are “forward-looking statements.” These statements relate to the Corporation's financial condition, results of operations. plans, objectives, future performance or business. You should not place undue reliance on
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $16.61 52-Week Range: $12.74 - $19.69 Shares Outstanding: 10,201,348 shares Market Capitalization: | $169.4 million P/E (ttm): 9.66x EPS (ttm): $1.72 Annual Dividend & Yield: $0.40 (2.41%) As of September 30, 2013 ENT
Slide 4: Franchise Overview
Franchise Overview an ae Fale Os: fy Witter >} Livermore, Roseville, San Rafael and Stockton. ea * oleeste Ofices: Blythe Pleasanton Canyon Crest, Riverside Rancho Cucamonga Corona Retail Offices: Corporate Office, Riverside City of Industry Downtown, Riverside Escondido Hemet Glendora La Quinta Her
Slide 5: Financial Performance
Financial Performance Highlights Net Interest Income > Increase inlet Interest Income(sequential quarter) Erma > Increase inlet Interest Margin (sequential quarter) > Operating Expenses decline by 17% (sequential quarter) Non-Interest Income oo nnn)
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Quarterly Net Income Pre-Tax Income — Operating Segments Diluted Earnings Per Share
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio 2 8 8 8 2 6 8 3 3 & & # 8
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix > Increase in Loans Originated for Investment > Second consecutivequarter of Preferred Loan growth > Core Deposits rise as a percentageof Total Deposits Loan Portfolio Mix Provident Bank Loan Originations and Purchases
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition Loan Composition as of 09/30/13 one os [Sealetarniy S 291888 o 2 fr rvasimant laces [creme sins \aconsuer — Mutstary oe Soletersy
Slide 10: Community Banking
Community Banking Deposits and Borrowings Deposit Composition at 09/30/2013 parame lossy ce lacresrgecman-reeceeer Deposit Composition lcneckingaccourts-nonirteres-bearng S$ S75 -% S$ SAS -% Checking accourts-ineres-beamng 203118 016% 200780 0.14% Savings accounts 231m 02% 23013 025% Money market ac
Slide 11: Asset Quality
Asset Quality Highlights > Hlon-Performing Assets dedine by 36% > Hew REOs decline by 73%, to3 foreclosures for the quarter > Small30-89 Days Delinquent balance Provision (Recovery) for Loan Losses petro) a \\_\ sem NPA, NPA to Total Assets and ALLL to LHI Ratios Non-Performing Asset Composition 09/
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocation as of 09/30/13 aan Suet t Teas Delinquent and Non-Performing Loans
Slide 13: Asset Quality
Asset Quality Geographic Location Seale Fart = om coms im om wunzery am mm he ote Cormersalfesiine 2m S18 ane coe Ts EE = se Ta Other than Inland Empire, Geographic Location 09/30/13
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 > Loans Originated for Sale decrease by 18% (sequential quarter) Rac] > Gain on Sale of Loans decreases by 58% (sequential quarter) > Loan Sale Hargin decreases by 68 basis points (sequential quarter) sabe a a PBM Locked Pipeline PBM Loan Purchase vs
Slide 16: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Recourse Provision (Recovery)
Slide 17: Capital Management
Capital Management Stockholders’ Equity Highlights > Strong Capital Ratios > 2.4% Cash Dividend yield > Repurchased 190,051 shares of common stock Bank Capital Ratios (ours) Value Proposition ‘took Price to Tangible Book Valve Multiple (user ene)
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