Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q2 FY2022 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Jan 26, 2022
Slide 1: Second Quarter of Fiscal 2022
PROVIDENTif& Provident Financial Holdings, Inc. Second Quarter of Fiscal 2022 December 31, 2021 provizen 7a Si www.myprovident.com
Slide 2: Safe Harbor Statement
Safe Harbor Stateme This presentation contains statements that the Company believes are “forward-looking statements" within the meaning of the Private Securties Litigation Refarm Act of 1995, These statements relate to the Company's financial condition, liquidity, results of operations, plans, objec
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $16.53 52-Week Range: $14.50 - $18.48 Shares Outstanding: 7,389,943 shares Market Capitalization: $122.2 million PIE (ttm): 12.72x Diluted EPS (ttm): $1.30 Annual Dividend & Yield: $0.56 (3.39%) As of December 31, 2021
Slide 4: Blythe
Blythe © Canyon Crest, Riverside © Corona © Corporate Office, Riverside © Downtown, Riverside © Hemet © La Sierra, Riverside © ‘Morena Valley © Orange Crest, Riverside © Rancho Mirage © Redlands © Sun City © Temecula SBF Ona ra thc es seed bg, 18 Me Cane, 01 MERE > Largest independent community bank
Slide 5: Financial Performance
Financial Performa e Developments Net Interest Income > Net Income decreases approximately 15% (sequential oes) quarter) > Net Interest Margin decreases seven basis points (sequential 90 quarter) g $02 > Net Interest Income decreases approximately 3% (sequential wo 4 Seo ESL?! quarter) we | WS 4 » N
Slide 6: Pre-Provision, Pre-Tax Earnings
Pre-Provision, Pre-Tax Earnings cial Performance Pre-Tax Income (tions) i itions) s40 BT 950 $33 $44 ws $3.0 ot: $3.6 23 992 ws wa $30 7 sir wots 21 giz HS so s20 so fe so ws t4 * $ Gnrva " GaFyat” aarva1 aaFYat ” GiFYa2 ” GaFYz2 Gira" Garv21 "Garva1 aarva1” aiFv22 ” GaFYz2 Quarterly Net Income Dilu
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio pee! 85.00% 80.31% — 79.82% 208% Ce aE 300% Tae THE ae 250%, 2.54% 75.00% 70.00% 2.00% [J 63.28% 65.00% 1.00% f-4 60.00% TA 500% 0.00% 50.00% QIFY21 G2FY21 GOFY21 QAF 21 GIFY2Z2 GaFY22 QIFY21 G2FY21 | QGFY21 | GMFY21 GIFY22 QF V2 Return on Averag
Slide 8: Balances and Activity
Balances and Activity Loan to Investment Mix Developments > Loans Held for Investment balance decreases by approximately 196 (Sequential quarter) > Yield on Loans Held for Investment decreases five basis points from September 30, 2021 > Total Deposits balance remains virtually unchanged (sequential
Slide 9: Balances and Activity
Balances and Activi Loans Held for Investment Composition Loan Category Balance as Interest Balance as Interest ollars in Thousands) of 129121 Rate of 12/3120 Rate Single-Family 3 700288 347% $257,884 Sm Muti-Famiy 488.467 4.0496 498412 4.16% Commercial Real Estate 11238 484% 102651 4.67% constructi
Slide 10: Balances and Activity
Balances and Activity Deposits and Borrowings 31,200 1000 3800 3600 rion) Deposit Composition 400 $200 0 Category (Dollarsin Thousands) At23172024 Rate At 1251/2020 Rate Checking Accounts-NonirirestBearing § 112022 -% $ 103608 -% Checking Accounts hlerest-Beeing 349,787 0.04% 314,163 005% Savings Ac
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio $12,000 120% > Non-Performing Assets to Total Assets Ratlo declines to 0.2496 at December 31, 2021 s1a,o0n 1 00% > $1.07 millionRecovery from the Allowance for Loan 38,000 os0% Losses 3 » NoREO | 500 osm > Early-Stage De
Slide 12: Asset Quality
Asset Qual Allowance for Loan Losses (ALLL) (in Thousands) 10,000 8490 98.538 99.345 97se7 $7,413 38,000 36,000 34,000 $2,000 % cgro2a 12120" 098121 OBO "ogo | 1211/21 Delinquent and Non-Performing Loans ALLL Allocation as of 12/31/21 1% __ 20% _ 20% 10% 021% ‘Single Family aMut-F amily ‘Commercial
Slide 13: Asset Quality
Asset Quality GeographicLocation Inland Erie Southem Calforria'® __cther Calfornia, Giher States Total Caeaen Baines Fecetage Baarse Percertaye Galanos Paortae Biince Peerage dance Paostane Single Family 5 802 51% SETS SAK 28H OK SU OW ui aity estes 4a tgs ewe HOTS aw 24 Ow aco 100% CommesialRaalEst
Slide 14: Asset Quality
Asset Quali Single-Family (1*) Loans Held for Investment Multi-Family — Loans Held for Investment [ua tance @tovaay] gma | ged [a0] #72] HerO) Hest] ers) moas| er ofeman] [meee reemee | emxer [ane [ees emem Jo [Furs fom. [er [ron fmismrnain' | ‘aw | we | oo | sex | ow | cm | sm [ce | oe [ver | fewmn
Slide 15: Capital Management
Capital Management Developments Stock Repurchase Plan Activity > Strong Capital Ratios ean > 3.39% cash dividend yield (approximately) 102762 > Purchased approximately 103,000 shares of common ‘90,000 stock in the second quarter of fiscal 2022 75000 84,707 0275 49,764 0,000 25,000 GIFY21 G2FY21 GSFV
Provident Financial Holdings — Q2 FY2022 Earnings Presentation on 6ix