Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q3 FY2022 Earnings Presentation
15 slides from Provident Financial's earnings presentation, Apr 26, 2022
Slide 1: Third Quarter of Fiscal 2022
PROVIDENTif& Provident Financial Holdings, Inc. Third Quarter of Fiscal 2022 March 31, 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 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: $16.54 52-Week Range: $14.50 - $18.48 Shares Outstanding: 7,320,672 shares Market Capitalization: $121.1 million PIE (ttm): 12.44x Diluted EPS (ttm): $1.33 Annual Dividend & Yield: $0.56 (3.39%) As of March 31, 2022 pr
Slide 4: Branch locations and market position
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 In ions) > Net Income decreases approximately 25% (sequential eee quarter) » Net Interest Margin decreases three basis points (sequential ra quarter) aa ae > Net Interest Income decreases approximately 2% (sequential 8 ate) wi WS qa ws > Non-Interest
Slide 6: Financial Performance
cial Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income scien (bition) 37 950 2 $33 oa v5 $3.0 S40: $3.6 932 925 ci 420: we 20 % EAs 7 19 15 PT $2.0 s0 L4 10 +7 vs +4 $ st Q2FY21 G3FY21 @4FY21 GIFY22 G2FY22 @3FY22 Q2FY21 « G3FY21 « Q4FY21 © GIFY22 © Q2FY22 QF Y22 Quarterly Net Income Diluted
Slide 7: Financial Ratios
4.00% 3.00% 2.00% 1.00% 0.00% 1.25% 1.00% 075% 0.80% 0.25% 0.00% Financial Ratios Net Interest Margin Efficiency Ratio 85.00% c031% — 7982% 7974% 20.00% "ae 205% 26% neem 27m 264% _DaI% zs00% 7000% | 63.28% 65.00% 60.00% al 57.12% 550% so00% + Gare, HOonNaI Gabval EOth2e iGaiyee Gah22 OOF | QSFYZ |
Slide 8: Balances and Activity
Balances and Activity Developments Loan to Investment Mix > Loans Held for Investment balance increases by approximately 5% (sequential quarter) > Yield on Loans Held for Investment decreases eight basis points from December 31, 2021 > Total Deposits balance increases by approximately 196 (sequentia
Slide 9: Balances and Activity
Balances and Activi Loans Held for Investment Composition Loan Category Balance as Interest Balaneeas Interest ollars in Thousands) of 033122 Rate of 03/3121 _ Rate Single-Family 3 927661 346% $254,893 S819 Muti-Famiy 40868 4.00% 49328341496 Commercial Real Estate 1344 4.60% 99,722 4.08% constructio
Slide 10: Balances and Activity
Balances and Activity Deposits and Borrowings Deposit Composition 31,20 Category (Dollarsin Thousands) Atosi34/2022 Rate AOSO1/2024 Rate $1,000 Checking Accounts-Non nterestBearing $ 117097 -% § 124,043 -% Checking Accounts hterest-Beering 347972 004% 920704 an4% $000 Savings Accounts 332452 105% 90
Slide 11: Asset Quality
Asset Quality Developments NPA, NPA to Total Assets Ratio and ALLL to LHI Ratio > Non-Performing Assets to Total Assets Ratio declines to see am 0.1796 at March 31, 2022 Foe wate > $645,000 Recovery from the Allowance for Loan Losses 8,000 090% > NoREO 2 $6,000 0.60% > Early-Stage Delinquencies rema
Slide 12: Asset Quality
Asset Qual Allowance for Loan Losses (ALLL) (in Thousands) 10,000 98.538 98.348 ST ser 97,413 38,000 6,000 4,000 $2,000 % sersi20 csrt21 o6oz1 " agmozt ” 12781021 Delinquent and Non-Performing Loans osrs122 ALLL Allocation as of 03/31/22 10% 30% 20% mSingleF amily erat Family Commercial Real Estate
Slide 13: Asset Quality
Asset Quality GeographicLocation Inland Erie Southem Calforris'Y ___cthar Calfornia, Ciher states Total Caeger Basnce Percentage Baaree Percentage Galanos Paomntaje Gainos Pemertage Edanos Paomtaye Single Family § 106f60 sw «FRSA SIS HIRGO4 SEK 28S OK SGUTAET Ow arity Cr 20% aces 100% CommerialRaalE
Slide 14: Asset Quality
Asset Quali Single-Family (1°)—Loans Held for Investment Multi-Family — Loans Held for Investment [cata pinay] suet | wet woe] sees] pea] wie eas aera] eee fee] [eters ramean [cre [eos [foes re [ram [res ms fates [ras lmpereain® "| ‘on’ | as | cm [om | an [cn | er [en | cor |'exr | femmmacwt | ce [c
Slide 15: Capital Management
Capital Management Developments > Strong Capital Ratios > 3.39% cash dividend yield (approximately) > Purchased approximately 69,000 shares of common stock in the third quarter of fiscal 2022 Bank Capital Ratios Stock Repurchase Plan Activity (Hof Shares) 125,000 102,762 100,000 75,000 SATO s0275 48
Provident Financial Holdings — Q3 FY2022 Earnings Presentation on 6ix