PROVIDENT FINANCIAL HOLDINGS INC

Provident Financial Holdings, Inc. announced the retirement of David S. Weiant from his role as Senior Vice President and Chief Lending Officer of Provident Savings Bank, F.S.B., effective July 15, 2026. The company has begun a search for his successor, with existing management and staff temporarily taking over his responsibilities. The company expressed gratitude for Mr. Weiant's 19 years of service, noting that his retirement was not a result of any disagreements.

Provident Financial Holdings, Inc. (PROV) proudly announced its 70th anniversary of serving the Riverside and San Bernardino County communities. The company highlighted its significant charitable contributions, totaling over $984,000 to local nonprofits since 2006, including over $38,000 in 2025 alone, through its Community Partnership Program. Provident Bank, with approximately $1.2 billion in total assets, was also recognized as one of America's Best Regional Banks for 2026 by Newsweek.

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.

Provident Financial Holdings, Inc. reported net income of $1.35 million, or $0.21 per diluted share, for the third quarter of fiscal year 2026, a 27% decrease from the prior year. The decrease was primarily due to a provision for credit losses and lower non-interest income. Despite this, the company's net interest margin expanded to 3.13%, and credit quality remained strong with non-performing assets decreasing. The Board of Directors also authorized a new stock repurchase program for up to five percent of outstanding shares, reflecting confidence in the company's capital position and long-term outlook.

Provident Financial Holdings, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of record at the close of business on May 14, 2026, will be entitled to receive this dividend. The payment date for the cash dividend is scheduled for June 4, 2026.

Provident Financial Holdings, Inc. announced it will release its third-quarter fiscal 2026 earnings prior to market open on Tuesday, April 28, 2026. The company will host a conference call for institutional investors and bank analysts on Wednesday, April 29, 2026, at 9:00 a.m. Pacific time to discuss the financial results. An audio replay of the conference call will be available through Wednesday, May 6, 2026.