Provident Financial announces buyback for up to 5% of common stock

Provident Financial (PROV) “announced that the Company’s Board of Directors authorized the repurchase of up to five percent of the Company’s common stock, approximately 318,875 shares. Beginning on January 23, 2026, the Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase program, among other considerations. Additionally, the January 2025 stock repurchase program is canceled effective January 23, 2026. There were 16,825 remaining shares eligible for repurchase in the January 2025 stock repurchase program that will no longer be repurchased.”