| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 9.88 | 0.4% | 2.4% |
| Total Income | 9.88 | 0.4% | 2.4% |
| Expenditure | 7.97 | 2.3% | 6.7% |
| PBT | 1.91 | 6.8% | 27.9% |
| Net Profit | 1.35 | 6.3% | 27.4% |
| OPM | — | ||
| NPM | 13.71% | 0.88pp | 4.64pp |
| EPS | 0.21 | 4.5% | 25.0% |
Provident Financial Holdings Reports Q3 FY26 Net Income of $1.35 Million
28 Apr 2026 · 28 Apr, 9:39 pm
Summary
Provident Financial Holdings, Inc. reported net income of $1.35 million for the third quarter of fiscal 2026, a 27% decrease year-over-year and a 6% sequential decline. Despite the decrease in net income, the company achieved an expanded net interest margin of 3.13%, up 11 basis points from the prior year, and maintained excellent credit quality with non-performing assets to total assets at 0.08%. Loans originated for investment saw a robust 58% increase year-over-year to $44.2 million. Management expressed confidence in their strong capital position and long-term outlook, underscored by the authorization of a new stock repurchase program.
Key Highlights
- 1
Net income for the third quarter of fiscal 2026 was $1.35 million, representing a 6% decrease from the sequential quarter and a 27% decrease from the comparable quarter last year.
- 2
The Company's net interest margin expanded to 3.13% in the March 2026 quarter, an increase of 10 basis points from the sequential quarter and 11 basis points from the prior year's comparable quarter.
- 3
Loans Held for Investment stood at $1.03 billion as of March 31, 2026, a 2% decline from $1.05 billion reported at June 30, 2025.
- 4
Total Deposits increased to $892.9 million at March 31, 2026, up from $888.8 million at June 30, 2025.
- 5
Credit quality remained strong, with the Non-Performing Assets to Total Assets Ratio decreasing to 0.08% at March 31, 2026, down from 0.11% at June 30, 2025.
- 6
The Board of Directors authorized a new stock repurchase program for up to five percent of the Company's outstanding shares, reflecting confidence in capital position and long-term outlook.
- 7
Loans originated for investment significantly increased by 58% year-over-year to $44.2 million in the third quarter of fiscal 2026.
Management Comments
Donavon P. Ternes
During the third quarter, our net interest margin continued to expand, credit quality remained excellent, and operating expenses were well managed. Our Board of Directors authorized a new stock repurchase program for up to five percent of the Company's outstanding shares, underscoring our strong capital position and confidence in our long-term outlook. We continued to execute with discipline, maintaining strong underwriting standards and prudent pricing, and we remain well positioned to deliver continued value to our shareholders.
Donavon P. Ternes
We also mourn the passing of Bill Thomas, a valued member of our Board of Directors since 1997. We are grateful for Bill's many years of service, his unwavering commitment to Provident, his selfless leadership, and the wisdom he shared so generously.
Informational and educational content only. Not investment advice.