Provident Financial reports Q3 EPS 21c vs. 28c last year

Reports Q3 net interest margin 3.13% vs. 3.02% a year ago. Book value per share was $20.02 vs. $19.37 a year ago. Common equity tier 1 capital ratio was 19.01% vs. 18.67% a year ago. “During Q3, our net interest margin continued to expand, credit quality remained excellent, and operating expenses were well managed. Our Board of Directors authorized a new stock repurchase program for up to five percent of the Company’s outstanding shares, underscoring our strong capital position and confidence in our long-term outlook. We continued to execute with discipline, maintaining strong underwriting standards and prudent pricing, and we remain well positioned to deliver continued value to our shareholders,” said Donavon P. Ternes, CEO.