Provident Financial's Q4 net income falls 17% on higher operating expenses

Provident Financial Holdings

28/07/2025 11:10

Overview

Provident Financial Q4 net income falls 17% yr/yr to $1.63 mln

Net interest margin improves 20 basis points yr/yr to 2.94%

Company repurchased 76,104 shares during the quarter

Outlook

Company anticipates improving fundamentals supported by stable economic conditions

Provident Financial Holdings optimistic about fiscal 2026 outlook

Company expects potential return of upwardly sloping yield curve

Result Drivers

NET INTEREST MARGIN - Improved 20 basis points yr/yr to 2.94% due to higher yields on interest-earning assets and lower funding costs

NON-INTEREST INCOME - Decreased by $587,000 primarily due to absence of prior year's $540,000 net unrealized gain

NON-INTEREST EXPENSE - Increased by $448,000 due to higher salaries and employee benefits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.24
Q4 Net Income
$1.63 mln
Q4 Net Interest Income
$8.88 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "hold"

Wall Street's median 12-month price target for Provident Financial Holdings Inc is $16.50, about 6.1% above its July 25 closing price of $15.49

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX95L1d1

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)