Provident Financial Holdings Reports Strong Quarterly Earnings Growth

Provident Financial Holdings (PROV) reported strong Q2 2026 earnings, with net income rising 61% sequentially and 34% year-over-year to $2.18 million, driven by credit loss recoveries and higher non-interest income. Full-year net income increased 6% to $6.66 million. The stock holds a 'Hold' rating from analysts with a $17 price target, while TipRanks' AI model rates it 'Neutral' due to stable fundamentals but softening revenue.

Provident Financial Holdings ( (PROV) ) just unveiled an update.

Provident Financial Holdings reported that for the quarter ended June 30, 2026, net income rose 61% sequentially and 34% year over year to $2.18 million, with diluted EPS of $0.35, driven by a recovery of credit losses, higher non-interest income from equity investment gains, and lower funding costs that lifted net interest margin to 3.21%. For fiscal 2026, net income increased 6% to $6.66 million and diluted EPS climbed 11% to $1.03, as improved net interest income, tight expense control, stronger credit quality, and modest balance-sheet shifts in loans and deposits enhanced profitability and returns, while non-performing assets fell to 0.04% of total assets and deposit mix continued to tilt toward higher-yielding time deposits and brokered CDs amid a lower-rate environment.

The most recent analyst rating on (PROV) stock is a Hold
with a $17.00 price target.
To see the full list of analyst forecasts on Provident Financial Holdings stock,
see the PROV Stock Forecast page.

Spark’s Take on PROV Stock

According to Spark, TipRanks’ AI Analyst, PROV is a Neutral.

The score is primarily driven by stable but softening fundamentals: profitability and cash conversion remain solid, yet revenue is slightly negative and margins/ROE are lower than prior years, with leverage still elevated despite improvement. Technicals add modest support with price above key moving averages and neutral momentum. Valuation is reasonable with a ~3.25% dividend yield, while corporate events are mixed due to shareholder-return actions alongside weaker recent earnings.

To see Spark’s full report on PROV stock,
click here.

More about Provident Financial Holdings

Provident Financial Holdings, Inc., listed on NASDAQ as PROV, is the holding company for Provident Savings Bank, F.S.B., a community-oriented financial institution based in Riverside, California. The company focuses on loans held for investment and deposit-gathering, emphasizing core transaction accounts and time deposits, including brokered certificates of deposit, within its regional banking markets.

Average Trading Volume: 6,319

Technical Sentiment Signal: Strong Buy

Current Market Cap: $107.7M

Find detailed analytics on PROV stock on TipRanks’ Stock Analysis page.