The strong Q4 beat and expanding NIM are positive signals for a small thrift, but the VISA gain is non-recurring. Monitor the Q1 FY2027 conference call for guidance on loan growth and deposit costs, as the core loan portfolio continues to shrink. The ongoing buyback provides a floor, but the stock's low liquidity means outsized moves are possible on any news.
Price Chart
Executive Summary
Provident Financial Holdings reported Q4 FY2026 net income of $2.18M ($0.35 diluted EPS), up 34% YoY and 61% sequentially, beating the $0.28 consensus estimate by 27.3%. The beat was driven by a $95K recovery of credit losses (vs a $326K provision in Q3), a $570K sequential increase in non-interest income (largely from a VISA share conversion gain), and a 27bp YoY expansion in net interest margin to 3.21%. The fiscal year EPS of $1.03 was up 11% YoY, and the company continued its share repurchase program, buying back ~90K shares in Q4. The strong quarterly beat and improving margin trend are positive, but the small absolute size of the bank ($108M market cap) and the one-time nature of the VISA gain temper the overall impact.
Key Financial Metrics
Key Facts
- Q4 FY2026 diluted EPS of $0.35 beat consensus of $0.28 by 27.3%
- Net income of $2.18M was up 34% YoY and 61% sequentially
- Net interest margin expanded 27bp YoY to 3.21%, the fourth consecutive quarterly increase
- Non-interest income surged 46% YoY to $1.28M, boosted by a $311K VISA share conversion gain
- Credit quality remained excellent: non-performing assets fell 64% YoY to 0.04% of total assets
- Company repurchased 89,974 shares at avg $16.97 in Q4; 174,605 shares remain under buyback program
- Fiscal year 2026 diluted EPS of $1.03 was up 11% from $0.93 in FY2025
Financial Impact
Q4 EPS of $0.35 beat consensus by $0.07 (27.3%); net income up 34% YoY to $2.18M
Risk Factors
- Loan portfolio continues to shrink (down 1% YoY), limiting top-line growth potential
- Non-interest income boost from VISA share conversion is non-recurring
- Deposit costs are rising (cost of deposits up 3bp YoY to 1.36%) as customers shift to higher-yielding time deposits
- Small market cap ($108M) and low trading volume could lead to sharp price swings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000939057-26-000143 |
| Document: prov8k72826.htm | 0000939057-26-000143 |
| Document: 0000939057-26-000143-index-headers.html | 0000939057-26-000143 |
| Document: 0000939057-26-000143-index.html | 0000939057-26-000143 |
| Document: 0000939057-26-000143.txt | 0000939057-26-000143 |
| 8-K Data (Synthetic) | 0000939057-26-000143 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $18.20 | awaiting T+5 | — | $18.20 (−0.00%) |
Oct 27, 2026 today | Press Release | $18.20 | awaiting T+5 | — | $18.20 (−0.00%) |
Oct 23, 2026 4d ago | 8-K | $18.20 | awaiting T+5 | — | $18.20 (+0.00%) |
Oct 23, 2026 4d ago | 8-K | $18.20 | awaiting T+5 | — | $18.20 (+0.00%) |
Oct 22, 2026 5d ago | Press Release | $18.20 | awaiting T+5 | — | $18.20 (+0.00%) |
Oct 9, 2026 18d ago | DEF 14A | $18.26 $18.15 | ▼ −0.60% | ▲ +1.37% | $18.20 (−0.33%) |
Jul 28, 2026 13w ago | 8-K | $17.60 $17.90 | ▲ +1.70% | ▼ −0.56% | $18.20 (+3.41%) |
Jul 24, 2026 13w ago | 8-K | $17.22 $17.76 | ▲ +3.14% | ▲ +2.76% | $18.20 (+5.69%) |
Jul 23, 2026 13w ago | Press Release | $17.22 $17.76 | ▲ +3.14% | ▲ +2.76% | $18.20 (+5.69%) |
Apr 28, 2026 26w ago | 8-K | $17.14 $17.10 | ▲ +0.23% | ▲ +1.93% | $18.20 (−6.18%) |
US Market Status
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