Provident Financial Holdings Announces Exit From Mortgage Banking Business
Provident Financial Holdings, Inc. (PROV)
Last provident financial holdings, inc. earnings: 4/28 06:00 am
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US:NASDAQ Investor Relations:
providentfinancial.com/investors
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Source: GlobeNewswire
RIVERSIDE, Calif., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced that the Board of Directors determined that it was in the long-term best interests of the Company to discontinue the operations of its mortgage banking segment conducted through Provident Bank Mortgage (“PBM”), a division of the Bank. This decision was reached after an analysis of current economic conditions and the current operating environment for the highly competitive mortgage banking business, including the significant decline in loan origination volume. The Company had been pursuing a strategy of improving the profitability of its mortgage banking business by reducing operating expenses commensurate with the significant decline in loan origination volume while maintaining loan sale margins and prudent underwriting standards. However, based on the operating environment and market
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PROV
News
- Provident Financial Holdings, Inc. (NASDAQ: PROV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Provident Financial Holdings To Host Earnings Release Conference CallGlobeNewswire
- Provident Financial Holdings, Inc. (NASDAQ: PROV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Provident Financial Holdings, Inc. (NASDAQ: PROV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Provident Financial Holdings, Inc. (NASDAQ: PROV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
PROV
Earnings
- 1/29/24 - Beat
PROV
Sec Filings
- 2/23/24 - Form 8-K/A
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- PROV's page on the SEC website