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Provident Financial Holdings ( (PROV) ) has provided an announcement.
On January 28, 2025, Provident Financial Holdings reported a significant decline in net income for the second quarter of fiscal year 2025, ending December 31, 2024, with a 59% decrease from the previous year. The decrease was attributed to a substantial provision for credit losses and increased non-interest expenses. Despite challenges, the company noted improvements in net interest margin and maintained strong credit quality. The company’s return on average assets and stockholders’ equity also saw declines compared to previous quarters, and while the investment portfolio remained stable, deposits decreased slightly.
More about Provident Financial Holdings
Provident Financial Holdings, Inc. is the holding company for Provident Savings Bank, F.S.B. The company operates in the financial services industry, primarily focusing on banking services. Its market focus includes managing a portfolio of loans and deposits while ensuring strong credit quality and adhering to sound capital management practices.
YTD Price Performance: -0.87%
Average Trading Volume: 8,044
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $106.9M
See more data about PROV stock on TipRanks’ Stock Analysis page.
