The significant earnings miss and year-over-year decline in profitability overshadow the share repurchase announcement. Monitor upcoming quarters for further deterioration in loan portfolio and potential increase in credit losses. The stock may face downward pressure in the short term.
Price Chart
Executive Summary
Provident Financial reported Q3 fiscal 2026 net income of $1.35 million ($0.21 per diluted share), down 27% year-over-year and missing the $0.31 consensus estimate by 32%. Revenue (net interest income) decreased slightly to $9.16 million. A $326,000 provision for credit losses replaced last year's recovery, and non-interest income fell 21%. The company announced a new 5% share repurchase program but overall results signal deteriorating profitability.
Key Financial Metrics
Key Facts
- Q3 fiscal 2026 diluted EPS of $0.21 vs consensus of $0.31 (miss of 32.3%)
- Net income fell 27% YoY to $1.35 million
- Provision for credit losses of $326,000 vs recovery of $391,000 a year ago
- Net interest margin expanded 11 bps to 3.13%, but net interest income declined 1% YoY
- Non-interest income dropped 21% to $713,000
- Board authorized new repurchase program for up to 5% of outstanding shares
- Non-performing assets remained low at 0.08% of total assets
Financial Impact
Net income down 27% YoY; EPS miss of 32% vs consensus
Risk Factors
- Continued decline in net income and EPS
- Potential for higher credit losses as provision reversed from recovery
- Reduced non-interest income from lower unrealized gains and loan prepayment fees
- Shrinking loan portfolio due to payoffs exceeding originations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000939057-26-000092 |
| Document: prov8k42826.htm | 0000939057-26-000092 |
| Document: 0000939057-26-000092-index-headers.html | 0000939057-26-000092 |
| Document: 0000939057-26-000092-index.html | 0000939057-26-000092 |
| Document: 0000939057-26-000092.txt | 0000939057-26-000092 |
| 8-K Data (Synthetic) | 0000939057-26-000092 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $18.20 | awaiting T+5 | — | $18.06 (+0.77%) |
Oct 27, 2026 today | Press Release | $18.20 | awaiting T+5 | — | $18.06 (+0.77%) |
Oct 23, 2026 3d ago | 8-K | $18.20 | awaiting T+5 | — | $18.06 (−0.77%) |
Oct 23, 2026 3d ago | 8-K | $18.20 | awaiting T+5 | — | $18.06 (−0.77%) |
Oct 22, 2026 4d ago | Press Release | $18.20 | awaiting T+5 | — | $18.06 (−0.77%) |
Oct 9, 2026 17d ago | DEF 14A | $18.26 $18.15 | ▼ −0.60% | ▲ +1.37% | $18.06 (−1.10%) |
Jul 28, 2026 12w ago | 8-K | $17.60 $17.90 | ▲ +1.70% | ▼ −0.56% | $18.06 (+2.61%) |
Jul 24, 2026 13w ago | 8-K | $17.22 $17.76 | ▲ +3.14% | ▲ +2.76% | $18.06 (+4.88%) |
Jul 23, 2026 13w ago | Press Release | $17.22 $17.76 | ▲ +3.14% | ▲ +2.76% | $18.06 (+4.88%) |
Apr 28, 2026 26w ago | 8-K | $17.14 $17.10 | ▲ +0.23% | ▲ +1.93% | $18.06 (−5.37%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers