Provident Financial Holdings provides community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Company operates through two segments: Provident Bank and Provident Bank Mortgage. The Company's Provident Bank offers community banking activities. Provident Bank Mortgage offers mortgage banking activities. The Company's community banking activities primarily consist of accepting deposits from customers within the communities surrounding the Bank's full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other real estate loans. The Company's mortgage banking activities consist of the origination, purchase and sale of mortgage loans secured primarily by single-family residences.
Type
Public
HQ
Riverside, US
Founded
1956
Size (employees)
409 (est)
Provident Bank was founded in 1956 and is headquartered in Riverside, US
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Provident Bank Office Locations

Provident Bank has an office in Riverside
Riverside, US (HQ)
3756 Central Ave
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Provident Bank Financials and Metrics

Provident Bank Financials

Provident Bank's revenue was reported to be $33.33 m in FY, 2016 which is a 13.9% increase from the previous period.
USD

Revenue (Q1, 2018)

10.8 m

Gross profit (Q1, 2018)

9.7 m

Gross profit margin (Q1, 2018), %

90.4%

Net income (Q1, 2018)

2 m

EBIT (Q1, 2018)

8.1 m

Market capitalization (14-Jun-2018)

136.5 m

Closing share price (14-Jun-2018)

18.3

Cash (31-Mar-2018)

22.3 m

EV

159.4 m
Provident Bank's current market capitalization is $136.5 m.
Annual
USDFY, 2015FY, 2016

Revenue

29.3 m33.3 m

Revenue growth, %

14%

Cost of goods sold

2.2 m2.8 m

Gross profit

27.1 m30.5 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

6.9 m7.1 m7.6 m7.9 m8 m8.8 m9.6 m9.9 m10.8 m

Cost of goods sold

547 k550 k567 k697 k681 k713 k781 k879 k1 m

Gross profit

6.4 m6.6 m7 m7.2 m7.3 m8.1 m8.8 m9 m9.7 m

Gross profit Margin, %

92%92%93%91%91%92%92%91%90%
Annual
USDFY, 2015FY, 2016

Cash

20.5 m10.7 m

Accounts Receivable

2.3 m2.3 m

Inventories

432 k

PP&E

11.6 m11.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

16.4 m53.8 m26.4 m16 m16.9 m22.8 m11.3 m11.9 m22.3 m

PP&E

10.3 m10.3 m10.2 m12.1 m11.9 m11.7 m14.5 m14.5 m14.3 m

Total Assets

662.4 m706.3 m699.1 m736.6 m760.4 m768.2 m832.9 m883.1 m891.2 m

Accounts Payable

538.2 m571.8 m558.1 m596.4 m607.3 m610.3 m680.6 m701.4 m719.7 m
Annual
USDFY, 2015FY, 2016

Net Income

3.8 m6.3 m

Depreciation and Amortization

713 k832 k

Inventories

2.1 m

Accounts Payable

1 m3.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

1 m2.2 m2.4 m1.5 m2.9 m4.6 m1.8 m3.4 m2 m

Depreciation and Amortization

181 k362 k549 k207 k419 k628 k208 k420 k185 k

Cash From Operating Activities

179 k1.5 m3.9 m2.1 m3.6 m6.6 m1.9 m4.1 m3.1 m

Cash From Investing Activities

3 m(3.4 m)(24 m)2.3 m(18.8 m)(21.4 m)(36.7 m)(86 m)(16.5 m)
USDY, 2018

EV/EBIT

19.8 x

EV/CFO

50.7 x

Financial Leverage

7.6 x
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Provident Bank Operating Metrics

Provident Bank's Total Loans was reported to be $916.4m in FY, 2017.
Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Total Loans

$798.75 m$805.93 m$827.81 m$822.98 m$813.88 m$825.65 m$818.49 m$855.48 m$868.32 m$881.04 m$892.85 m$916.43 m
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