Provident Financial Q1 profit down 12% on lower non-interest income

Provident Financial Holdings

28/10/2025 10:08

Overview

Provident Financial Q1 net income rises 3% sequentially, down 12% yr/yr

Net interest margin improves to 3.00%, up from 2.84% last year

Company repurchased 66,707 shares at $15.75 each in Q1

Outlook

Company anticipates improving fundamentals due to favorable yield curve and stable economic conditions

Company notes balance sheet growth may remain a challenge

Result Drivers

CREDIT LOSS RECOVERY - Significant recovery from allowance for credit losses due to shorter expected average life of loan portfolio

NET INTEREST MARGIN - Improvement to 3.00% due to higher yields on interest-earning assets and lower funding costs

NON-INTEREST INCOME DECLINE - Decreased 10% due to declines in other non-interest income and deposit account fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.25
Q1 Net Income
$1.68 mln
Q1 Net Interest Income
$8.93 mln
Q1 Dividend
$0.14


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"

Wall Street's median 12-month price target for Provident Financial Holdings Inc is $16.25, about 3.4% above its October 27 closing price of $15.70

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

Press Release: ID:nGNX47QVD

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(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.)