Quarterly ResultJul 28, 2026, 06:03 AM
Provident Financial Q4 Net Income $2.18M, Up 61% Sequentially
AI Summary
Provident Financial Holdings, Inc. reported strong financial results for the fourth quarter and fiscal year ended June 30, 2026. Net income for Q4 2026 increased 61% sequentially to $2.18 million, with diluted EPS of $0.35. For the full fiscal year, net income rose 6% to $6.66 million, and diluted EPS increased 11% to $1.03. The company saw an expanded net interest margin of 3.21% and improved credit quality, with non-performing assets significantly reduced. Management highlighted sustained momentum, excellent credit quality, and efficient operations, reinforcing their commitment to shareholder value through share repurchases and dividends.
Key Highlights
- Q4 2026 Net Income was $2.18 million, up 61% sequentially and 34% year-over-year.
- Q4 2026 Diluted EPS was $0.35, up from $0.21 sequentially and $0.24 year-over-year.
- Fiscal Year 2026 Net Income increased 6% to $6.66 million; Diluted EPS rose 11% to $1.03.
- Net Interest Margin expanded to 3.21% in Q4 2026, up 27 basis points year-over-year.
- Non-Performing Assets to Total Assets ratio improved to 0.04% from 0.11% year-over-year.
- Efficiency ratio improved to 73% in Q4 2026 from 78% in the prior year quarter.
- The company repurchased 89,974 shares at an average cost of $16.97 per share.
- A quarterly cash dividend of $0.14 per share was paid.
Price Impact
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