What is the market's earnings forecast for Provident Financial Holdings next quarter?

Did Provident Financial Holdings beat or miss consensus estimates last quarter?

What is Provident Financial Holdings's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Provident Financial Holdings year over year?

What guidance did Provident Financial Holdings's management provide for the next earnings period?

What does Provident Financial Holdings do and what are its main business segments?

What is Provident Financial Holdings's gross profit margin?

What were the key takeaways from Provident Financial Holdings’s earnings call?

- **Net interest margin expansion**: 6 basis points to 3.00%, driven by higher loan rates and repricing.
- **Stable operating expenses**: $7.6 million per quarter with no growth expectations.
- **Loan growth challenges**: Elevated prepayments offsetting origination volume amid multifamily/CRE hesitancy.
- **Interest rate sensitivity**: Lower rates shorten loan lives, impacting credit loss recoveries.
- **Credit quality**: Allowance for credit losses at 56 basis points, down from 62 basis points.

**【CEO Opening Remarks】**
- Q1 2026 loan origination of $29.6 million, up 1% from $29.4 million in the prior quarter.
- Loan payoffs totaled $34.5 million, down 18% from $42 million in Q4 2025.
- Single-family and multifamily loan pipelines show modest growth despite cautious real estate market.
- Nonperforming assets increased to $1.9 million from $1.4 million, with no early-stage delinquencies.

**【CEO Financial Commentary】**
- Net interest margin expanded to 3.00% (up 6 basis points from 2.94% in Q4 2025), driven by higher loan rates and repricing.
- Weighted average loan rate of 6.62% vs. 5.20% for existing portfolio; $107 million of loans repricing higher in Q2 2026.
- Operating expenses stable at $7.6 million, with expectations to remain flat through Q4 2026.
- Balance sheet strategy focuses on disciplined loan growth amid cautious market sentiment.

**【Q&A Highlights】**
- **Frank Williams (Piper Sandler):** Loan growth challenges include multifamily/CRE hesitancy and elevated prepayments offsetting origination volume.
- **Timothy Coffey (Janney):** Net interest margin expansion expected in Q2 2026 due to declining funding costs (e.g., $104.7M FHLB advances repricing lower).
- CEO: Lower interest rates shorten loan portfolio life, leading to credit loss recoveries rather than provisions.
- Credit quality remains strong with allowance for credit losses at 56 basis points (down from 62 basis points).

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