Provident Financial Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
January 27, 2023 at 04:30 pm IST
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Provident Financial Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported net interest income was USD 9.39 million compared to USD 7.66 million a year ago. Net income was USD 2.37 million compared to USD 2.26 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.3 a year ago.
For the six months, net interest income was USD 18.35 million compared to USD 15.55 million a year ago. Net income was USD 4.46 million compared to USD 4.93 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.65 a year ago.
Provident Financial Holdings, Inc. is a holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Bank is a financial services company serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Bank conducts its business operations as Provident Bank, and through its subsidiary, Provident Financial Corp (PFC). The business activities of the Bank consist of community banking, investment services and trustee services for real estate transactions. The Bankâs community banking operations primarily consist of accepting deposits from customers within the communities surrounding its full-service offices and investing those funds in single-family, multi-family, commercial real estate, construction and other mortgage loans. The Bank conducts trustee services for its real estate transactions through PFC. It operates approximately 12 full-service banking offices in Riverside County.