Provident Financial Holdings Reports First Quarter Of Fiscal 2027 Results
Globe Newswire•27/10/2026•06:00 ET
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Key Highlights
- ➤Net income $1.57 million, down 28% sequentially and 6% year over year
- ➤Net interest margin 3.32%, up 32 basis points year over year
- ➤Loans held for investment $1.04 billion, up from $1.03 billion
- ➤Total deposits $897.7 million, down 1% sequentially
- ➤Allowance for credit losses $6.59 million, up from $5.85 million
Expert Statements
Donavon P. Ternes, President and Chief Executive Officer of Provident Financial Holdings
“Our results for the first quarter reflected a higher provision for credit losses to build our allowance for credit losses, as an increase in interest rates extended the expected life of the loan portfolio. However, credit quality remains excellent.”
Donavon P. Ternes, President and Chief Executive Officer of Provident Financial Holdings
“In a highly competitive environment, we maintained positive operating momentum, with increased net interest income, an expanded net interest margin and well-managed operating expenses. Together with our opportunistic share repurchases at prices below book value and consistent cash dividend, we remain focused on delivering long-term shareholder value.”
Net Income of $1.57 Million in the September 2026 Quarter, Down 28% from the Sequential Quarter and 6% from the Comparable Quarter Last Year
Net Interest Margin of 3.32% in the September 2026 Quarter, Up 11 Basis Points from the Sequential Quarter and 32 Basis Points from the Comparable Quarter Last Year
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