Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Sandler O'Neill + Partners West Coast Financial Services Conference 2010
11 slides from Provident Financial's conference presentation, Mar 1, 2010
Slide 1: West Coast Financial Services Conference
SANDLER O'NEILL + PARTNERS West Coast Financial Services Conference | March1-3,2010 | PROVIDENTi&&. Provident Financial Holdings, Inc. www. myprovident.com
Slide 2: Safe-Harbor Statement
Safe-Harbor Statement This presentation contains statements that the Corporation believes are “forward-looking statements." These statements relate to the Company's financial condition, results of operations, plans, objectives, future perfomance or business. You should not place undue reliance on th
Slide 3: Quarterly Net Income
PROVIDENT a. Provident Financial Holdings, Inc. Quarterly Net Income §25 $2.04 $1.3 — i $0.0 en “$2.04 §(2.6) “$4.04 §(5.0) -$6.04 $65) -$8.0 + 0308 12/08 03/09 6g asi09 1209 (Quarter Ended) * Includes a $2.6 million non-recurring, non-taxable compensation expense recovery as a result of the ESOP se
Slide 4: Pre-Provision, Pre-Tax Earnings
PROV/DENTZ23. Provident Financial Holdings, Inc. Pre-Provision, Pre-Tax Earnings (In Millions) si4.0 5 813.2 $12.0 4 $10.0 4 ga4 $8.6 seo 4 $64 $67 $6.0 7] $53 g40 $77 $2.0 +77 s 4 ogi 12/08 03/09 609" ogg 12109 (Quarter Ended) * Includes a $2.6 millian non-recurring, non-taxable compensation expens
Slide 5: Pre-Tax Income - Operating Segments
PROVIDENT a. Provident Financial Holdings, Inc. Pre-Tax Income - Operating Segments (in Millions) $6.05 $4 $2 $0 “$2 “84 “86 $8.04 “$1004 “812.0 ogi08 12108 03109 06097 ogg 42109 (Quarter Ended) [Community Banking MIM ortgage Banking | * Includes a $2.6 million non-recurring, non-taxable compensatio
Slide 6: Asset Quality: Non-Performing Assets and Allowance Ratios
Asset Quality PROVIDENT.2d. Non-Performing Assets ("NPA"), NPA to Total Assets Ratio and Allowance for Loan Losses to Loans Held for Investment Ratio (“ALLL to LHI") Much Flatter Slope 11000 110% SS 10000 10.00% sango0 00% sang00 00% s70p00 700% g se0n00 em & & 5 $ ssooo0 soos § = seoom 400% semgo0
Slide 7: Asset Quality: Provision for Loan Losses
Asset Quality Provision for Loan Losses PROV/DENTZ23. Provident Financial Holdings, Inc. $16 538 $17 208 s13sat ‘12888 $5.82 $2315 ir Tae Toe Tee Tae 1200 ‘BIS B08 sipi6 sien w2e Ba 11487 312828) Spat 9% (1). General Valuation Allowance, 2) Specific Valuation Allowance.
Slide 8: Provident Bank Mortgage Loan Originations
Provident Bank Mortgage Loan Originations (In Millions) $7004 $600 + $500 4 $400 4 $300 + §200 + $100 4 04 as/08 1208 0309 o6n9 09/09 12/09 (Quarter Ended) [Sale able MPortfolio
Slide 9: Provident Bank Mortgage Locked Pipeline
PROVIDENT: Provident Financial Holdings, Inc. Provident Bank Mortgage Locked Pipeline Locked Pipeline - Available for Sale (In Thousands) $350,000 5 $300,000 4 $250,000 4 $200,000 + $150,000 + $100,000 + $50,000 09/08 12/08 03/09 069 agg 1209 lMGross Locked Pipeline | $54 666 77243 | $338,103 | $159
Slide 10: PBM Purchase vs. Refinance
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% PROVIDENT a. Provident Financial Holdings, Inc. PBM Purchase vs. Refinance 09/08 12/08 03/09 06.09 ag/09 1209 Refinance 17% 17% 56% 60% 39% 50% Purchase 83% 83% 44% 40% 61% 50% (Quarter Ended)
Slide 11: Loan Sale Margin
Loan Sale Margin 80% 60% 40% 20% 00% 80% 60% 40% 20% 00% 1.68% PROVIDENT: Provident Financial Holdings, Inc. 1.55% 1.33% 142% 4.33% 145% 1.27% age 0.82% 0.59% 12/08 a3n9 06/03 (Quarter Ended) o9/09 1209 Loan Sale Margin MlLoan Sale Margin, Excluding Recourse Provision | 10