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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.
TypePublic
Founded1956
HQRiverside, US
Websitemyprovident.com

Latest Updates

Employees (est.) (Dec 2018)376(-18%)
Job Openings3
Revenue (FY, 2018)$4.2 M(-58%)
Share Price (Nov 2019)$21.6

Key People/Management at Provident Bank

Craig G. Blunden

Craig G. Blunden

Chairman of the Board and Chief Executive Officer
Deborah L. Hill

Deborah L. Hill

Senior Vice President -- Chief Human Resources/Administrative Officer
Robert Ritter

Robert Ritter

Senior Vice President -- Mortgage Banking
Lilian Salter

Lilian Salter

Senior Vice President -- Chief Information Officer
Donavon P. Ternes

Donavon P. Ternes

President, Chief Operating Officer and Chief Financial Officer
David S. Weiant

David S. Weiant

Senior Vice President -- Chief Lending Officer
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Provident Bank Office Locations

Provident Bank has offices in Riverside, Corona, Hemet, Menifee and in 4 other locations
Riverside, US (HQ)
3756 Central Ave
Corona, US
101, 487 Magnolia Ave
Hemet, US
1690 E Florida Ave
Menifee, US
27010 Sun City Blvd, Sun City
Moreno Valley, US
3045, 12460 Heacock St
Redlands, US
125 E Citrus Ave
Show all (12)

Provident Bank Financials and Metrics

Provident Bank Revenue

Provident Bank's revenue was reported to be $4.18 m in FY, 2018
USD

Revenue (Q2, 2019)

1.1m

Net income (Q2, 2019)

2.5m

Market capitalization (15-Nov-2019)

162.2m

Closing stock price (15-Nov-2019)

21.6

Cash (30-Jun-2019)

28.3m

EV

215.9m
Provident Bank's current market capitalization is $162.2 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.8m4.4m10.0m4.2m

Revenue growth, %

14%

Sales and marketing expense

127.0k249.0k300.0k245.0k

R&D expense

568.0k662.0k741.0k810.0k
Quarterly
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

20.5m10.7m47.7m28.6m

Accounts Receivable

2.3m2.3m

Inventories

432.0k

PP&E

11.6m11.6m11.0m16.1m
Quarterly
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

3.8m6.3m7.9m9.3m

Depreciation and Amortization

713.0k832.0k811.0k721.0k

Cash From Operating Activities

6.8m8.6m9.5m16.8m

Purchases of PP&E

(1.8m)(873.0k)(3.4m)(2.4m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

1.0m2.2m2.4m1.5m2.9m4.6m1.8m3.4m6.2m2.0m4.4m6.5m2.2m4.7m

Depreciation and Amortization

181.0k362.0k549.0k207.0k419.0k628.0k208.0k420.0k626.0k185.0k370.0k550.0k404.0k768.0k

Cash From Operating Activities

179.0k1.5m3.9m2.1m3.6m6.6m1.9m4.1m8.2m3.1m8.2m12.1m2.5m4.4m

Purchases of PP&E

(20.0k)(127.0k)(249.0k)(682.0k)(689.0k)(704.0k)(3.1m)(3.3m)(3.4m)(58.0k)(294.0k)(1.1m)(1.9m)(3.7m)
USDY, 2019

EV/CFO

49.5 x

Financial Leverage

7.8 x
Show all financial metrics

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
Show all operating metrics

Provident Bank Online and Social Media Presence

Embed Graph

Provident Bank News and Updates

Provident Financial Services, Inc. and Provident Bank Name Ursuline Foley to the Board of Directors

ISELIN, N.J., June 24, 2019 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) today announced that Ursuline F. Foley has been named to the boards of directors of the Company and its wholly owned subsidiary, Provident Bank.

Provident Bank Gives Back to the Community

Donates Over Six Hundred Thousand Dollars Through the Community Partnership Program Donates Over Six Hundred Thousand Dollars Through the Community Partnership Program

NCR wins Provident Bank contract

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial industry, tod...

Provident Bank Frequently Asked Questions

  • When was Provident Bank founded?

    Provident Bank was founded in 1956.

  • Who are Provident Bank key executives?

    Provident Bank's key executives are Craig G. Blunden, Deborah L. Hill and Robert Ritter.

  • How many employees does Provident Bank have?

    Provident Bank has 376 employees.

  • What is Provident Bank revenue?

    Latest Provident Bank annual revenue is $4.2 m.

  • What is Provident Bank revenue per employee?

    Latest Provident Bank revenue per employee is $11.1 k.

  • Who are Provident Bank competitors?

    Competitors of Provident Bank include Synovus Financial, Horizon Bancorp and WSFS Financial.

  • Where is Provident Bank headquarters?

    Provident Bank headquarters is located at 3756 Central Ave, Riverside.

  • Where are Provident Bank offices?

    Provident Bank has offices in Riverside, Corona, Hemet, Menifee and in 4 other locations.

  • How many offices does Provident Bank have?

    Provident Bank has 12 offices.