PROVIDENT FINANCIAL HOLDINGS INC (PROV) Form 8-K — Oct 27, 2026
$PROVForm 8-KItems 2.02, 7.01, 9.01Filed Oct 27, 2026, 11:48 AM ET0000939057-26-000279Original filing
Provident Financial Holdings (NASDAQ: PROV) reported first-quarter fiscal 2027 net income of $1.57 million, or $0.25 per diluted share, down 28% from the prior quarter and 6% from a year ago, driven by a $777,000 provision for credit losses versus prior-quarter recoveries. The credit provision was precautionary — management extended the expected life of the loan portfolio due to higher rates — while underlying credit quality remains excellent: non-performing assets were just 0.04% of total assets and there were zero loan charge-offs.
Key figures
- Eps
- 0.25
- Revenue
- 0
- Net Income
- 1573000
- Total Debt
- 172039000
- Total Assets
- 1209940000
- Cash Position
- 53245000
- Shares Outstanding
- 6197727
- Total deposits
- $897.7 million, down 1% sequentially
- Efficiency ratio
- 72.05%
- Dividend per share
- $0.14
- Shares repurchased
- 86,431 at average $18.30 per share
- Net interest income
- $9.77 million, up $840,000 or 9% YoY
- Net interest margin
- 3.32%, up 32 bps YoY
- Book value per share
- $20.24
- Return on average assets
- 0.52%
- Return on average equity
- 4.93%
- Loans held for investment
- $1.04 billion
- Allowance for credit losses
- $6.59 million (0.64% of loans)
- Non performing assets ratio
- 0.04% of total assets
- Provision for credit losses
- $777,000
- Available borrowing capacity
- $464.2 million
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