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Stock impact report

Provident Financial Holdings Reports Fourth Quarter and Fiscal 2019 Results

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
Company Research Source: GlobeNewswire
RIVERSIDE, Calif., July 30, 2019 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced fourth quarter and full year earnings results for the fiscal year ended June 30, 2019. For the quarter ended June 30, 2019, the Company reported net income of $787,000, or $0.10 per diluted share (on 7.63 million average diluted shares outstanding), down 44 percent from the net income of $1.40 million, or $0.18 per diluted share (on 7.59 million average diluted shares outstanding), in the comparable period a year ago. Compared to the same quarter last year, the decrease in earnings was primarily attributable to a $3.02 million decrease in the gain on sale of loans and a $744,000 increase in equipment expenses, partly offset by a $2.72 million decrease in salaries and employee benefits expense and a $604,000 decrease in the provision for income taxes. “I am pleased with how we have posi Show less Read more
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