Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q1 FY2023 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Oct 25, 2022
Slide 1: First Quarter of Fiscal 2023
PROVIDENT fh Provident Financial Holdings, Inc. First Quarter of Fiscal 2023 September 30, 2022 provizenTsa Sw. 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 Reform 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: $14.20 52-Week Range: $13.76 - $17.37 Shares Outstanding: 7,235,560 shares Market Capitalization: $102.7 million PIE (ttm): 12.24x Diluted EPS (ttm): $1.16 Annual Dividend & Yield: $0.56 (3.94%) As of September 30, 202
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
cial Performance Developments Net Interest Income nitions) » Net Income decreases approximately 15% (sequential too quarter) $90 > Net Interest Margin increases 12 basis points (sequential #80 quarter) > Net Interest Income increases approximately 5% (sequential geo quarter) > Non-Interest Income de
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income (tions) (i itions) 40 | wr 950 #33 992 oa ws +4 =a [4 $3.0 7] ao $3.6 $3.6 992 $30 ast | a2 30 HB se 924 vot 15 TT $20 7] sot sola ws +4 * * oarvat ” airv2a ” carva2 ” caFva2 ” caFya2 ” otFvas oarvai ” ciry22 ” carva2 ” caFva2 ” as
Slide 7: Financial Ratios
cial Ratios Net Interest Margin Efficiency Ratio 4.00% 20.00% 350% 25.00% 293% 305% 79.74% 3.00% Tsay LTTE «2BI% ——DeT% 80.00% 76.33% 2.50% 47] 75.00% £983% 2.00% 47 70.00% 63.28% pene 1.50% 77] 85.00% 1.00% +9 60.00% | “STIR 0.50% 7—T 55.00% {J 00% 50.00% l carver" ctrv22 ” aarva2 ” aarv22 ” carvan
Slide 8: Balances and Activity
Balances and Activity Developments > Loans Held for Investment balance increases by approximately 6% (sequential quarter) > Yield on Loans Held for Investment increases 16 basis points from June 30, 2022 > Total Deposits balance increases by approximately 3% (sequential quarter) > Deposit costs incr
Slide 9: Balances and Activity
Balances and Activi Loans Held for Investment Composition Loan Composition as of 09/30/22 eemencreny Ristcen Gn! CfnmSep Gime Otner @ollars in Thousands) of0900g2 Rate of 8an021 Fate constcten, Commercial Business Single-Family 3 420575 350% $ 274070 320% commerce iL SEW Muit-rani 40m 449% 490,550 4
Slide 10: Balances and Activity
Balances and Activity Deposits and Borrowings Deposit Composition 31,20 Category (Oollars mn Thousands) ALOSG02022 Rate ALOROO2021 Fate $1000 Cheeky Accounts- Non terest Beating § 123514 M$ 120863 « . Checking Accounts - Interest Bearing 939,961 0.04% 341,281 004% = Savings Accounts 326.075 0.05% 31
Slide 11: Asset Quality
Asset Quality NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio Developments > Non-Performing Assets to Total Assets Ratio declines to 0.08% at September 30, 2022 > $70,000 Provision for Loan Losses > NoREO > Early-Stage Delinquencies remain at very low levels (Recovery ) Provision for Loan Losse
Slide 12: Asset Quality
Asset Qual Allowance for Loan Losses (ALLL) ALLL Allocation as of 09/30/22 (in Thousands) 10,000 10%, 0 1% 97587 s7419 ‘Single-Family 38,000 ‘Mutt F amity 96.608 Commercial Real Estate 95,969 95.564 95,638 a sxconstcton mother Hit [Commerce Business consumer 2,000 " “peso2t asso 123121 0331022 06302
Slide 13: Asset Quality
Asset Quality GeographicLocation bland Empire Souther California! ther California Other Stes ‘otal Caan Bamnce Pecentaqe Baance Pacertane Biance Pecentme Basnce Pementage Baance Parcentane Single Family $s 32% SIBLE © S1% SF HSOTIS STH S 27 OM SORTS 100 at Family cams 14% Z7sI8 50% we5907 27% 2 Ow a
Slide 14: Asset Quality
Asset Qualit Single-Family (1°)—Loans Held for Investment Multi-Family — Loans Held for Investment (aa tag nowaay] sas Pow [was oe] sia] ser] Seo era aaron) [eta reese [oat [es [ram [Paws [eer ca [ea i ras ea besrsenin'® | ex | oe | sr | or [om | ow | ow |e |r | ow | pememccve | as [or | or [er [ow
Slide 15: Capital Management
Capital Management Developments Stock Repurchase Plan Activity (# ofshares) > Strong Capital Ratios sere > 3.9496 cash dividend yield (approximately) 10276 > $9.5 million cash dividend from Provident Bank to eee Provident Financial Holdings on September 29, 2022 75,000 > Purchased approximately 50,0
Provident Financial Holdings — Q1 FY2023 Earnings Presentation on 6ix