Quarterly ResultApr 28, 2026, 12:08 PM
PROV Q3 Net Income $1.35M, down 27%; NIM 3.13%, up 11 bps; New Buyback
AI Summary
Provident Financial Holdings Inc. reported net income of $1.35 million, or $0.21 per diluted share, for Q3 fiscal 2026, representing a 27% decrease year-over-year. Despite the decline in net income, the company's net interest margin expanded by 11 basis points to 3.13%. The Board of Directors also authorized a new stock repurchase program for up to five percent of outstanding shares, and the company repurchased 91,532 shares during the quarter.
Key Highlights
- Net income for Q3 FY26 was $1.35 million, down 27% from $1.86 million in Q3 FY25.
- Diluted EPS for Q3 FY26 was $0.21, down from $0.28 in the comparable quarter last year.
- Net Interest Margin expanded to 3.13% in Q3 FY26, up 11 basis points YoY.
- Board authorized a new stock repurchase program for up to 5% of outstanding shares.
- Loans Held for Investment were $1.03 billion at March 31, 2026, down 2% from June 30, 2025.
- Total Deposits were $892.9 million at March 31, 2026, up from $888.8 million at June 30, 2025.
- Non-Performing Assets to Total Assets Ratio improved to 0.08% at March 31, 2026, from 0.11% at June 30, 2025.
- The company repurchased 91,532 shares at an average cost of $16.18 per share.
Price Impact
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