Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Q1 FY2013 Earnings Presentation
17 slides from Provident Financial's earnings presentation, Dec 12, 2012
Slide 1: Provident Financial Holdings, Inc. First Quarter of Fiscal 2013 (Revised)
PROVIDENT fh Provident Financial Holdings, Inc. First Quarter of Fiscal 2013 (Revised) September 30, 2012 vww.myprovident.com
Slide 2: Safe Harbor Statement
Safe Harbor Statemen This presentation contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these
Slide 3: Market Highlights
Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $14.21 52-Week Range: $8.38 - $14.25 Shares Outstanding: 10,690,585 shares Market Capitalization: $151.9 million P/E (ttm): 9.11x EPS (ttm): $1.56 Annual Dividend & Yield: $0.20 (1.41%) As of September 30, 2012 ROVIDEN
Slide 4: Franchise Overview
hise Overview Northern California: Provident Bank Pleasanton cael 4} fairfield, Pleasanton, Roseville, San Rafael and Full service Oftees! Wr Stockton. Blythe Canyon Crest, Riverside Corona San Luis Obispo: Corporate Office, Riverside Downtown, Riverside Santa Barbara Hemet La Quinta La Sierra, Rive
Slide 5: Highlights Net Interest Income
Highlights Net Interest Income > Wet ncomeincreasesby 277% oy > Pre-Provision, Pre-TaxEarnings demonstrates significant ise ws s35 > Net Interest Margin increases 17 basis points a aii > Efficiency Ratio improves to 56% 2 cent na aeons ond Non-Interest Income Operating Expenses masons) a A ee eee (p
Slide 6: Financial Performance
jal Performance Pre-Provision, Pre-Tax Earnings Pre-Tax Income — Operating Segments frumore) ous {ovate a) Quarterly Net Income Diluted Earnings Per Share sam sono (ouster Ene) ‘uarerenas)
Slide 7: Net Interest Margin, Efficiency Ratio, ROA and ROE
Net Interest Margin Efficiency Ratio ‘uerer ena) uarer Enos} Return on Average Assets Return on Average Equity ust Ena)
Slide 8: Community Banking Highlights
Community B ng Highlights > AverageDeposit Costs decrease by 23 basis points > Core Deposits rise as a percentageof total deposits > Borrowings decrease by 32% due to maturities > AverageBorrowing Costs decrease by 21 basis points Loan to Investment Mix Loan Portfolio Mix Provident Bank Loan Origina
Slide 9: Community Banking: Loan Composition
Community Banking Loans Held for Investment Composition Loan Composition as of 09/30/12 0% Single-famiy $431,373 380% $ 480530 4.02% uit-tamily 266,998 5.65% 298072 5.95% commercial real estate 94172 6.69% jong: 6.84% Jother 3e1 4.81% 1528 5.69% |commercial business 2310 7.01% 4287 7.28% andl: lrtut
Slide 10: Community Banking: Deposits and Borrowings
Community Banking Deposits and Borrowings Deposit Composition Checking accounts -non interest-bearing S$ e082 -% OS BOER = Checking accounts - interast-besing 0,70 018% resree 0.26% [Savings accounts 72013 028% 2192 026% Money market accounts 29,78 047% cee Time deposits estes 120% 158% Frtal deposi
Slide 11: Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios
Highlights NPA, NPA to Total Assets and ALLL to LHI Ratios > Net Charge-Offs decline by 61% (sequential quarter) = ia > Non-Performing Assets dedine by 23% > New REOs decline by 31%, to 11 properties forthe quarter es a Provision for Loan Losses Non-Performing Asset Composition 09/30/12 in Traveenae
Slide 12: Asset Quality
Asset Quality Allowance for Loan Losses (ALLL) ALLLAllocation as of 09/30/12 fasree san Delinquent and Non-Performing Loans v 4 same 7 7 ms
Slide 13: Asset Quality: Geographic Location
Asset Quality Geographic Location Single-Family $130,707 30% += $234,250 84% «= $62,615 15% S3g01 1% «= «$439,024 100% MutFamily 36.504 14% «= 174,011 65% 52385 20% 3498 1% 278,087 100% Commercial RealEstate 48021 49% 46,322 49% 1829 2% - 0% 95,302 100% Other loans 391 100% : 0% : 0% - 0% 755 100% T
Slide 14: Commercial RE - Loans Held for Investment
Commercial RE — Loans Held for Investment PILL UE
Slide 15: Mortgage Banking Highlights
Mortgage Banki Highlights PBM Loan Originations > Loans Originated for Sale increase by 51% > Gain on Sale of Loansincreases by 183% ee > Loan Sale Margin increases to 219 basis points > Locked Pipeline fueled by historically low mortgage rates ee = PBM Locked Pipeline PBM Loan Purchase vs. Refinanc
Slide 16: Mortgage Banking
M age Banking Gain on Sale of Loans Loan Sale Margin fo Tmousenae) wy Tn gn Doge a "oe Recourse Provision tw Trousnas ovate Enon} {uate Enea} PA
Slide 17: Capital Management
Capital Managemen Highlights Stockholders’ Equity (nmsons) > Strong Capital Ratios > Increased cash dividend by 25% > Repurchased 194,242 shares of common stock wai Ena) Bank Capital Ratios Value Proposition ‘Stock Priceto Tangible Book Value Multiple (Quarter Endes) [PV lS
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