Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q4 FY2019 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Jul 30, 2019
Slide 1: Fourth Quarter of Fiscal 2019
PROVIDENTif& Provident Financial Holdings, Inc. Fourth Quarter of Fiscal 2019 June 30, 2019 provizenrsa 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 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: $20.99 52-Week Range: $14.67 - $21.80 Shares Outstanding: 7,486,106 shares Market Capitalization: $157.1 million PYE (ttm): 36.19x Diluted EPS (ttm): $0.58 Annual Dividend & Yield: $0.56 (2.67%) As of June 30, 2019 PRO
Slide 4: Blythe
Blythe Canyon Crest, Riverside Corona Corporate Office, iverside Downtown, Riverside Hemet La Sierra, Riverside Moreno Valley Orange Crest, Riverside Rancho Mirage Redlands Sun City Temecula ec a B® 2019 seh Corperaen, © 2019HERE > Largest independent community bank > Expanding customer base and mar
Slide 5: Financial Performance
cial Performa e Developments > Net Interest Income decreases by 2% (sequential quarter) » Net Interest Margin decreases by one basis point (sequential quarter) > Operating Expenses decrease by 25% (sequential quarter) > $2.8 milion of expenses ($1.2 milion in Q4 2019 and $1.6 milion in Q3 2019) rela
Slide 6: Financial Performance
cial Performa e Pre-Provision, Pre-Tax Earnings (Loss) Pre-Tax Income (Loss) ovitions) (eons = 335 $30 ws = 30 rr Be 2s 20 ws 310 ae so s0 05 x $05 . . $05) $00.3) 305) $01.0) $1.0) Garvie GEFVIS GIFYIs Gara agrYIs GAYS Garvie GIFS GIFVIs GaFVIe arVIs GATS Quarterly Net Income (Loss) Diluted Earning
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio 400% 10.00% a 102.65% 3.23% 3.28% 3.30% 100.00% 3.00% $7] ere 90.36% 0 00% HIM are 100% 2.00% 7] 80.00% 70.00% 1.00% $7] 60.00% 000% 50.00% 4 cris AFIS GIFvIa GaFYIg aaFYIa ” aAFYI9 corvis GaFVis GIFVIa GaFYI GaFYIa ” aAFYI9 Return on Average Ass
Slide 8: Balances and Activity
Balances and Activity Developments > Loans Held for Investment balance essentially unchanged at June 30, 2019 in comparison to March 31, 2019 > Yield on Loans Held for Investment increases 25 basis points from June 30, 2018 > Deposit costs decline by two basis points from June 30, 2018 > Borrowing c
Slide 9: Balances and Activity
Balances and Activi Loans Held for Investment Composition Loan Category Balance as Interest Balaneeas Interest Bollars in Thousands) of 06309 Rate of 0630/8 Rate Single-Family 3 324.052 450% § 314808 434% Muti-Famiy 4so041 4.52% 476.008 4.20% Commercial Real Estate 111928 4.92% 409728 471% Construct
Slide 10: Balances and Activity
Balances and Activity Deposits and Borrowings Deposit Composition Category (Dollarsin Thousands) AtOSIO019 Rate AtORGOROIE Rate CCheckng Accounts-Non nterestBearing $ 90,184 -% § 86,174 -% Checking Accounts hterest-Beering 257.909 012% 259872 a41% Savings Accounts 24387 020% 28781 021% Money Market
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio 10,000 1.00% > Low level of Non-Performing Assets > Non-Performing Assets to Total Assets Ratio at 0.5796 on Se eee ee $7500 075% June 30, 2019 > No outstanding REO 5,000 050% > Early-Stage Delinquencies remain at low le
Slide 12: Asset Quality
Asset Qual Allowance for Loan Losses (ALLL) (in Thousands) 10,000 ST Sa $7985 97,155 8,000 e706 $7,080 36,000 4,000 $2,000 3 + osetia oaots agReans 12K18 oat | OBOE Delinquent and Non-Performing Loans 7078 TREE PIETRO 30a _Nenpefeming _@-89ays — _Nenpefernina Hot Hot Heh ca (DolarsInThousards| Loans
Slide 13: Asset Quality
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Slide 14: Asset Quality
Asset Qualit Single-Family (1*) Loans Held for Investment Multi-Family —Loans Held for Investment mea a eee eh eS eS RS S| eee Pe ee ee eee Gris | ci ara |e (Ree Real] | oe een ca ec ica eel Re ele wrmtGrimneme | oe [ee [ew | ee [er [se [am fam foe | ce | mmtscamera* | rom | tn | scx | em | ae | om
Slide 15: Capital Management
Capital Management Developments Stock Repurchase Plan Activity (@otShares) > Bark Capital Ratios remain strong oe > 2.6796cash dividend yield (approximately) ai > Repurchased approximately 28,000 shares of common 0,000 stock 60,000 40,000 20.000 corvis Garvie GiFvIg GaFvia aaFvIa ” a4FYiI9 Bank Capi
Provident Financial Holdings — Q4 FY2019 Earnings Presentation on 6ix