Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2012 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Apr 26, 2012
Slide 1: Provident Financial Holdings, Inc. Third Quarter of Fiscal 2012
PROVIDENT fh Provident Financial Holdings, Inc. Third Quarter of Fiscal 2012 March 31, 2012 WwWw.myprovident.com
Slide 2: Safe Harbor Statement
fe Harbor Statemen This presentation contains statements that the Company believes ate “forward-looking statements." These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance ar business. You should not place undue reliance on these st
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $10.93 52-Week Range: $6.90 - $11.00 Shares Outstanding: 11,013,972 shares Market Capitalization: $120.4 million P/E (ttm): 14.57x EPS (ttm): $0.75 Annual Dividend & Yield: $0.16 (1.46%) As of March 31, 2012 ROVIDENT t
Slide 4: Franchise Overview
Franchise Overview Northern C: Pleasanton + Fairfield, Pleasanton, Roseville and San Rafael. Provident Bank Full-Service Offices: fy Blythe Canyon Crest, Riverside Corona San Luis Obispo: Corporate Office, Riverside Downtown, Riverside Santa Barbara Hemet La Quinta (June 2012) La Sierra, Riverside M
Slide 5: Financial Performance
Financial Performance Highlights Net Interest Income Non-Interest Income Operating Expenses PT ROVIDENT
Slide 6: Financial Performance
Financial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income—Operating Segments 08 ne wo we 0 me 7 et ws | eo + Quarterly Net Income smn #88 oy wa snus 0 soa. 0. sas oe sa. aren) oat Ea a rit onn2 cre Ea Em En a O32 ne Pe |]
Slide 7: Financial Ratios
Financial Ratios Net Interest Margin Efficiency Ratio Return on Average Assets Return on Average Equity CL ROVIDENT #78,
Slide 8: Community Banking
Community Banking Highlights Loan to Investment Mix > Core Deposits (Transaction Accounts) increase by 9% > Average Deposit Costs decrease by 20 basis points > Borrowings decrease by 37% due to maturities > Average BorrowingCosts decrease by24 basis points > Loan Originations and Purchases increase
Slide 9: Community Banking
Community Banking Loans Held for Investment Composition single-family Saas S00% «13263 40% hut tamily 21208 877% 9.220 80806 [Commercial eal estate essa2 678% woassa 6.26% Construction 00% 00 5.25% other 788 88% 1631 se0%| [Commercial business 32784 709% 51 720% [coneumer 500 7.90% 7357888 Totallear
Slide 10: Community Banking
Community Bankini Deposits and Borrowings Deposit Composition [Checking accourts -noninterestheaing § © S6121 -% «S| 424B = % _ Ichecking acoourts - interest-bearing 206985 017% 186,807 0.37% ISevings accounts 2ma04 osD% 209087 05194 soe. IMcney market accourts 29140 0.39% 3182 082%] Lime deposits 4
Slide 11: Highlights: NPA, NPA to Total Assets and ALLL to LHI Ratios
Highlights NPA, NPAto Total Assets and ALLL to LHI Ratios > Non-Performing Assets dedine by 33% > 30-89 Day Delinquent Loans decline by 77% > Net Charge-Offs dedine by 17% Provision for Loan Losses Non-PerformingAsset Composition pie aise
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLL Allocation as of 03/31/12 Ho. ps0 p00 facnga 10.00 Esomaeeaipene _ Tih = CT Fol asse5 [ge |p | eror [gga |e Delinquent and Non-Performing Loans IMongage Loans: ‘Siige-tariy 5 $12 — s S35gO1 5 BBs BO atta 4 18 48m ‘Commer ea estate 5 306 5 lke Const
Slide 13: Asset Quality
Asset Quality Geographic Location Single-Family $197,289 30% © $245,728 54% «($05,755 18% $4168 1% = $462,936 © 100% MulteF amily arya 13% «= 202,887 70% 47328 16% 3620 1% = 201,208 100% Commercial RealEstate 46,129 47% 49088 60% 1888 2% 1872 1% 98,682 100% other loans 756 100% < 0% 7 0% E 0% 756 10
Slide 14: Asset Quality
Asset Quality Single-Family (1%) — Loans Held for Investment Multi-Family — Loans Held for Investment Commercial RE - Loans Held for Investment PROVIDENT
Slide 15: Mortgage Banking
Mortgage Banking Highlights > Loans Originated for Sale increase by 38% > Gain on Sale of Loans increases by 52% > Loan Sale Margin increases to 165 basis points > Locked Pipeline fueled byhistoricallylow mortgage rates > Increasing RecourseReservewith modest RecourseProvision PBM Locked Pipeline ‘i
Slide 16: Mortgage Banking
Mortgage Banking Loan Sale Margin Gain on Sale of Loans 2000 1013 ope sce wee Recourse Provision (Recovery) Recourse Reserve a oa ‘1000 si san a pe “a 4 im | ae) ane a on ai rE) ie « ~ Cuarter Brie 7 i (cuartsr Brey a 7 ROVIDENT ta
Slide 17: Capital Management
al Managemen Highlights Stockholders’ Equity > Stable Stockholders’ Equity anes > Strong CapitalRatios >» Stock Price remains below Tangble Book¥alue > Repurchased 180,733 Shares of Common Stock as 350 0 su ‘soo = ‘ean ie ~ ~ Bank Capital Ratios Value Proposition Stock Priceto Tangible Book Value Mu
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