Provident Financial Holdings Inc (NASDAQ: PROV) is a California-based savings bank holding company that operates through its subsidiary, Provident Bank, attracting deposits and originating mortgage and commercial loans. Revenue comes primarily from net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. The Bank operates 13 banking locations in Riverside and San Bernardino counties in Southern California, concentrating its lending activity in California real estate markets. Loan types include single-family, multi-family, commercial real estate, construction, and to a lesser extent, other mortgage, commercial business, and consumer loans. As of June 30, 2025, the Bank had 163 full-time equivalent employees, consisting of 95 full-time and 90 prime-time employees. The Corporation is incorporated in Delaware and the Bank is subject to California franchise tax at a net state rate of 8.6% as of June 30, 2025.

Revenue model

Net interest income generated from the spread between yields on interest-earning assets (loans receivable, investment securities, FHLB and other equity investments, interest-bearing deposits) and rates paid on interest-bearing liabilities including deposits and borrowings. Loans are originated and purchased to be held for investment, with some sold into the secondary market.

Products and services

Single-family mortgage loans, multi-family mortgage loans, commercial real estate loans, construction loans, other mortgage loans, commercial business loans, consumer loans, deposit accounts (including noninterest-bearing checking accounts), and general banking services across 13 branch locations.

Customers and end markets

Retail and commercial depositors and borrowers in Southern California, primarily Riverside and San Bernardino counties. End markets are California residential and commercial real estate. Average noninterest-bearing checking account balances were $88.2 million in FY2025 and $97.3 million in FY2024. Average uninsured deposits were $127.1 million in FY2025 and $135.7 million in FY2024.

Value-chain role

Community savings bank operating as a direct lender and deposit gatherer. Outsources certain data processing and operational functions to third-party vendors. Construction loan disbursements are monitored through independent inspectors and Bank personnel.

Geographic exposure

Operations and deposit collection concentrated in Riverside and San Bernardino counties, California. Loan origination and purchases extend to Southern and Northern California.

Source: SEC 10-K, filed 2025-08-29

Industry: Savings Institution, Federally Chartered Peers: CF Bankshares Inc ECB Bancorp Inc HMN FINANCIAL INC Magyar Bancorp Inc Rhinebeck Bancorp Inc Rocket Companies Inc Security National Financial Corp