Provident Financial Holdings, Inc. · NASDAQ:PROV
Provident Financial — Sandler O'Neill + Partners West Coast Financial Services Conference 2011
11 slides from Provident Financial's conference presentation, Mar 3, 2011
Slide 1: West Coast Financial Services Conference
SANDLER O'NEILL + PARTNERS West Coast Financial Services Conference | March7-9,201 PROV/DENTZ3. Provident Financial Holdings, Inc. www. myprovident.com
Slide 2: Safe-Harbor Statement
PROW/DENTz3. Provident Financial Holdings, Inc. Safe-Harbor Statement 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 perfomance or busines
Slide 3: PROV Overview & Locations
PROV Overview & Locations Regional Banking Services ompany Based in the Inland Empire Region of Southern California = Expanding customer base and market = Strong mortgage operations = Largest independent community bank headquartered in Riverside County, California = Seventh largest deposit market sh
Slide 4: Quarterly Net Income
Quarterly Net Income (In Millions) PROW/DENTz3. Provident Financial Holdings, Inc. $6.07 its esul solid Ri $45 $43 $4.04 $3.2 $26 $2.04 $0.4 60 —_ -$2.05 Strongresults dictated by improving sao asset quality and mortgage banking opportunities $(6.0) -$6.0 os/09 12/09 03/10 O60 og9/10 12/10 (Quarter
Slide 5: Pre-Tax Income - Operating Segments
PROV/DENTZ33. Provident Financial Holdings, Inc. Pre-Tax Income - Operating Segments {In Millions) $10.05 | Pre-tax income is evenly split between Community Banking and Mortgage Barking over this time horizon $8.05 $6.05 $4.07 $2.04 $0.0 $2.04 $4.04 -$6.0 T T T T 7 : 09/09 4209 03/10 os/10 ogo 42/10
Slide 6: Return on Average Assets and Equity
PROV/DENTZ33. Provident Financial Holdings, Inc. Return on Average Assets and Equity Return on Average Assets Return on Average Equity 1508 on um 20008 1908 ooze 16008 108 70% “aa 0% swe 0% oo =—* oe. 00% 50% 0a 100% — SBE 50 = Bey i Sn 2 ie Ge ae a a a (Quarter Ended) Guperendedl
Slide 7: Asset Quality
PROV/DENTZ33. Provident Financial Holdings, Inc. Asset Quality Non-Performing Assets ("NPA"), NPA to Total Assets Ratio and Allowance for Loan Losses to Loans Held for Investment Ratio ("ALLL to LHI") 10000 11.0% — 37%, | — "Proy, 90.00 me, 008 90.00 e008 $70.00 700% | seoo00 enor B i q 2. 560.000 s
Slide 8: Provident Bank Mortgage Loan Originations
PROVIDENT 25. Provident Bank Mortgage Loan Originations Mortgage banking volume is holding fir mtions) | Up well and significantly higher than calendar 2009 levels $700 fi saleable Loan youre ase i $6004 $5004 $4004-——] $3004] $2004 $1004 so+—— = - ogrog, 42/09 oy10 ogo og10 42/10 (Quarter Endea) BS
Slide 9: Provident Bank Mortgage Locked Pipeline
PROV/DENTZ33. Provident Financial Holdings, Inc. Provident Bank Mortgage Locked Pipeline (Gn Thousands) Locked Pipeline - Available for Sale Locked pipeline funded out in $300,000 4 the last quarter. Pipeline will build entering $250,000 + the customary spring buying $200,000 ~ season if rates remai
Slide 10: Loan Sale Margin
PROVIDENT zh. Provident Financial Holdings, Inc. Loan Sale Margin 1.80%] 1.60% 140% 4.20%4 1.00% 0.80% 4 0.60% 4 0.40% 4 0.20% 4 Loan sale margin has held up quite well because of fewer competitors and limited access to warehouse lines. 1.72% 1.75% 1.55% 7.60% 41.42% 4.27% 430% 0.89% 0.82% eae 0.65%
Slide 11: Value Proposition
PROV/DENTZ33. Provident Financial Holdings, Inc. Value Proposition Stock Price to Tangible Book Value Multiple 2.00% 1.80 1.60% 1.40x 1,208 Trading at a significant discount to Tangible 1.00x Book Value but the market is beginning to take notice. 0.80% 0.60x Ere 0.40x ee 0.20% 0.00% Mar Lun [Sep Dec