PROV Earnings Prediction
The chart below shows how PROV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PROV sees a -3.69% change in stock price 10 days leading up to the earnings, and a -2.85% change 10 days following the report. On the earnings day itself, the stock moves by +1.68%. This data can give you a slight idea of what to expect for the next quarter's release.
PROV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.15M
-4.26%
0.96%
Gross Margin
--
--
--
Operating Margin
29.37%
12.83%
20.07%
Net Margin
20.75%
12.59%
-3.67%
EPS
0.28
12.00%
0.00%
No Data Available
PROV Earnings Analysis
Provident Financial Hldgs Corporation (PROV.O) Earnings Conference Call
Positive
Loan Origination Increase: In the most recent quarter, we originated $28.9 million of loans held for investment, an increase from $18.6 million in the prior sequential quarter.
Loan Principal Payments Increase: During the most recent quarter, we also had $34 million of loan principal payments and payoffs, which is up from $30.6 million in the June 2024 quarter.
Loan Balance Stability: The outstanding balance of loans held for investment at September 30, 2024, was virtually unchanged at $1.05 billion from June 30, 2024.
Net Interest Margin Increase: Our net interest margin increased to 2.84% for the quarter ended September 30, 2024, compared to the 2.74% for the sequential quarter ended June 30, 2024.
Share Repurchase Activity: We repurchased approximately 94,000 shares of common stock in the September 2024 quarter.
Negative
Loan Origination Increase: In the most recent quarter, we originated $28.9 million of loans held for investment, an increase from $18.6 million in the prior sequential quarter.
Loan Principal Payments Increase: During the most recent quarter, we also had $34 million of loan principal payments and payoffs, which is up from $30.6 million in the June 2024 quarter.
Real Estate Investor Activity: Currently, it seems that real estate investors have reduced their activity as a result of higher mortgage and other interest rates, although we continue to see moderate activity.
FTE Count Decrease: Our FTE count on September 30, 2024, decreased to 157 compared to 158 FTE on the same date last year.
Operating Expense Increase: Operating expenses were $7.5 million in the September 2024 quarter, an increase from the $7.2 million per quarter stable run rate in the prior fiscal year.
PROV FAQs
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PROV Earning Call Sentiment
Provident Financial Holdings Inc (PROV) Q1 2025 Earnings Call Transcript
1.0x
00:00
00:00
PROV.O
-0.13%Positive
The earnings call summary presents a mixed outlook. While there is some positive momentum with increased loan originations and a higher net interest margin, the company is facing significant economic and competitive pressures, including higher mortgage rates and inflationary costs. The Q&A section reveals unclear management responses and potential risks in real estate loans. The capital distribution is strong, but given the regulatory and supply chain challenges, the overall sentiment remains neutral with no clear catalyst for significant stock price movement.