PROVIDENT FINANCIAL HOLDINGS INC — Form 8-K

Provident Financial Holdings reported Q1 FY2027 (quarter ended September 30, 2026) net income of $1.57 million ($0.25 diluted EPS on 6.29M average diluted shares), down 28% from $2.18M in Q4 FY2026 and down 6% from $1.68M in Q1 FY2025. Key drivers: (1) provision for credit losses increased to $777K vs. $95K recovery in prior quarter, driven by extended expected loan life due to higher interest rates; (2) net interest income increased $459K sequentially to $9.77M, and NIM expanded 11 bps to 3.32%; (3) allowance for credit losses increased to $6.59M (0.64% of gross loans) from $5.85M; (4) company repurchased 86,431 shares at $18.30/share; (5) paid $0.14/share dividend. Non-performing assets remain low at 0.04% of total assets ($504K). Loans held for investment stable at $1.04B; total deposits down 1% to $897.7M.