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Stock impact report

Provident (PROV) Q1 2025 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Provident Financial Holdings, Inc. (PROV) 
Last provident financial holdings, inc. earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: providentfinancial.com/investors
President and Chief Executive Officer — Donavon Ternes TAKEAWAYS Loan Originations -- $28.9 million in origination volume, up from $18.6 million in the prior sequential quarter. Loan Principal Payoffs -- $34 million in principal payments and payoffs, an increase from $30.6 million in the prior quarter. Nonperforming Assets -- Decreased to $2.1 million from $2.6 million sequentially, with no early-stage delinquencies reported at period end. Loans Held for Investment -- Decreased by approximately $4.3 million sequentially, driven by declines in multifamily and commercial real estate loans, partially offset by growth in single-family construction and commercial business loans. Net Interest Margin -- Rose to 2.84% from 2.74% sequentially, primarily reflecting a 12-basis point increase in average yield on interest-earning assets and stable funding costs. Allowance for Credit Losses -- Declined 6 basis points to 61 basis points of gross loans held for investment, compared to Show less Read more
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