Provident Financial Q3 net income falls 27% yr/yr

Provident Financial Holdings

28/04/2026 11:13

Overview

U.S. community bank's fiscal Q3 net income fell 27% yr/yr, EPS down to $0.21

Net interest margin rose to 3.13%, up 11 bps yr/yr

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

CREDIT LOSS PROVISION - Q3 saw a $326,000 provision for credit losses versus a recovery in the prior year, mainly due to an increase in the expected life of the loan portfolio as mortgage rates rose

LOWER NON-INTEREST INCOME - Non-interest income fell 21% yr/yr, mainly due to lower unrealized gains on equity investments and reduced loan prepayment fees

LOWER NON-INTEREST EXPENSES - Non-interest expense declined 3% yr/yr, largely reflecting the absence of a $239,000 non-recurring litigation settlement expense booked in the prior year

Company press release: ID:nGNX4kc6Zs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.21
Q3 Net Income
$1.35 mln
Q3 Net Interest Income
$9.16 mln
Q3 Dividend
$0.14


Analyst Coverage

The one available analyst rating on the shares is "hold"

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 $16.00, about 5.9% below its April 27 closing price of $17.01

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

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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.)