Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q2 FY2015 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Jan 26, 2015
Slide 1: Provident Financial Holdings, Inc. Second Quarter of Fiscal 2015
wi PROW/DENT 2. Provident Financial Holdings, Inc. Second Quarter of Fiscal 2015 December 31, 2014 : provizenriis. ""wwamyprovident.com
Slide 2: Safe Harbor Statement
fe Harbor Statemen 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, liquidty, results of operations, plans, object
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $15.13 52-Week Range: $13.75 - $16.18 Shares Outstanding: 8,995,149 shares Market Capitalization: | $136.1 million P/E (ttm): 17.59x Diluted EPS (ttm): $0.86 Annual Dividend & Yield: $0.44 (2.91%) As of December 31, 20
Slide 4: Franchise Overview
Franchise Overview faiths cobtsai: Provident Bank Provident Bank Mortgage ee Ful Senco Of: Uihoesale Of b &k Grove, Livermore, Redding and Roseville ea * oleeste Ofices: Blythe Pleasanton Canyon Crest, Riverside Rancho Cucamonga Corona Retail Offices: Corporate Ofice, Riverside Carlsbad Downtown, Ri
Slide 5: Net Interest Income
Net Interest Income _ (in tions) s100 seo seo sto GIFYI4 G2FYi4 GRFYIA Q4FYIA QIFYIS” GZFYIS Non-Interest Income Operating Expenses S42 $137 5139 TH PEREES QIFYIS GUFYIS QSFYI4 QMFYI4 QIFYIS — G2FYIS OIFYIs Q2FYI4 O3FYI4 G4FYI QTFYIS G2FYIS
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income — Operating Segments (intitons) (eo ttons) $50 me 7 we so 20 sso 20 20 si0 S10 = 19 ae OIFYi4 GZFVIs GBFVIa GUFYT6 GIFVIS GRFVIE OIY4 G2FY4 GRFYT4 QAFYT4 GIFYIS — Q2FYIS Quarterly Net Income (in itons) $50 seas so | s040 90 aS $030
Slide 7: Net Interest Margin
Net Interest Margin 400% 3.00% 200% 1.00% 0.00% 1.00% 075% 050% 0.25% 22% 276% 274% 28K 296% 301% GIFYI4 GZFYI4 GDFYM Q4FYT4 GIFYIS G2FYIS Return on Average Assets 086% — oan anrYi4 aarvis oar Yi4 sr yis anrvis O2FYIS 00.00% 20.00% 20.00% 70.00% 60.00% 50.00% 10.00% 5.00% 250% Efficiency Ratio 90.00
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix > Loans Held for Investmentincrease7% since June 30,2014 (annualized) $1,000 7 > Seventh consecutive quarter of Preferred Loan growth > Core Deposits increase by $20.5 millon since June 30,2014 sae > Higher cost Time Deposit balances continue todec
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition Loan Composition as of 12/31/14 SnoleFaray $377.22 320% $ 302762 324% Imutitamy 322.002 458% 22500 500%] pecenimee Commercial Res Estate 100.989 540% 93290 608% snus amy [constuction 4a78 sz t7e2 sea Estate ‘Commerc RealEstate comer it Buran s9
Slide 10: Community Banking
Community Banking (otitions) $500 % s200 3 Deposits and Borrowings O90 123113 ONBNI4 oBaO/e OBOE 12116 Transaction Asante Daposts aBoTWngS Deposit Composition at 12/31/2014 6% 28% ‘Cheating Accounts Wor Interest Bearng ‘mCheciing Accounts - Interest Searing ‘Savings Accourts ‘Money Market Accounts T
Slide 11: Asset Quality
Asset Quality Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios > Non-Performing Assets dedine 20% to $14.6 millon since June 30, 2014 525,00 250% > Transition tolet Recoveries from Net Charge-Offs (sequential quarter) > REO activityremains limited $20,000 2.00% 15,000 150% F sto,000 100% i
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocation as of 12/31/14 (n Thousands) $15,000 $12,108 s12500 SHH $10,024 S974 10,000 $7,500 $5,000 $2500 09013 1281/13 O3B1/4 OBrB0Ne OBOE 1231/14 Delinquent and Non-Performing Loans Net Charge-Offs (Recoveries) Tousands 1938 s2000 si00 14 ‘Seem a
Slide 13: Asset Quality
Asset Quality Geographic Location ‘SegieFamiy a id MaeFeniy Ce a SS? Commarsslfasiceate a24it G2 NR. + sro toon, Conmeton a a rd a SS a TTT a) Other than Inland Emo. Geographic Location 12/31/14 21% aK other States ‘Other than Inland Empire. (PROT al
Slide 14: Asset Quality
Asset Quality Loans Held for Investment Multi-Family — ‘Single-Family (1) — Loans Held for Investment Commercial RE - Loans Held for Investment
Slide 15: Mortgage Banking
Mortgage Banking Highlights > Loan Origination Volume increases 9% to $573.5 millon (sequential quarter) > Gross Locked Pipeline increases 7% to $172.1 million (sequential quarter) > Loan Sale Margin decreases 12 basis points to 140 basis points (sequential quarter) > Refinance Volume increases PBM
Slide 16: Mortgage Banking
Mortgage Banking Gain on Sale of Loans Loan Sale Margin (Wn Thousands) 200% $10,000 ; en 1208 140 ae NE ate aon 1a $8,000 me jem are $6000 100% 4000 050% $2000 0.00% Give ZFYIA GlFYIA QMFYTs " OIFVES —a2FvIS Girvis G2FYi4 GaFYIs Q4MFYIE GIFVIS — a2FYIS ia aga naan Sas angie Eseioing Heorss Panamera
Slide 17: Capital Management
Capital Management Highlights > Bank Capital Ratios remain strong > 291% cash dividend yield (approximately) > Repurchased approximately 157,000 shares of common stock Bank Capital Ratios Stock Repurchase Plan Activity (#otShares) 500,000 e508 400,000 Tae 300,000 200,000 Teams TESTS 100,000 OFY2014
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