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

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

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

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).

Provident Financial Holdings, Inc. (PROV) Q1 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

PROV

PROV fundamentals

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