Provident Financial Q4 net interest income rises on lower funding costs, higher loan yields - PROV News | RalliesProvident Financial Q4 net interest income rises on lower funding costs, higher loan yields
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PROV• Outlook
- Company says it is well positioned to strengthen fundamentals in fiscal 2027
What drove the quarter
- Net interest income - Higher net interest income driven by lower funding costs and higher loan yields, despite lower average loan balances
- Non-interest income - Higher non-interest income mainly due to a gain from the conversion of VISA shares
- Credit loss recovery - Recovery of credit losses driven by improved loan portfolio quality and favorable economic indicators
Key details and analyst coverage
| Metric | Actual |
|---|
| Q4 EPS | $0.35 |
| Q4 Net Income | $2.18 mln |
| Q4 Net Interest Income | $9.31 mln |
| Q4 Dividend | $0.14 |
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no or , and no or
"strong buy"
"buy"
2 "hold"
"sell"
"strong sell"
The average consensus recommendation for the banks peer group is "buy"Wall Street's median 12-month price target for Provident Financial Holdings Inc is $16.75, about 3% below its July 27 closing price of $17.26The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months agoQuarterly results and capital return
- U.S. community bank's fiscal Q4 net income rose 34% year over year and 61% sequentially
- Diluted EPS for fiscal Q4 increased to $0.35 from $0.24 a year earlier
- Company repurchased 89,974 shares during the quarter
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