Provident Bank

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. The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California.

Type
Public
HQ
Riverside, US
Founded
1956
Size (employees)
469 (est)
Provident Bank was founded in 1956 and is headquartered in Riverside, US

Provident Bank Office Locations

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

Provident Bank Data and Metrics

Provident Bank Financial Metrics

Provident Bank's revenue was reported to be $33.3 m in FY, 2016 which is a 14% increase from the previous period.
USD

Revenue (FY, 2016)

33.3 m

Revenue growth (FY, 2015 - FY, 2016), %

14%

Gross profit (FY, 2016)

30.5 m

Gross profit margin (FY, 2016), %

92%

Net income (FY, 2016)

6.3 m

EBIT (FY, 2016)

25.4 m

Market capitalization (21-Jul-2017)

152.7 m

Cash (31-Dec-2016)

10.7 m

EV

191.9 m
Provident Bank's current market capitalization is $152.7 m.
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

Gross profit Margin, %

93%92%

Sales and marketing expense

11.8 m12.9 m

R&D expense

568 k662 k

General and administrative expense

2.1 m2.2 m

Operating expense total

21.1 m20.5 m

EBIT

22.5 m25.4 m

EBIT margin, %

77%76%

Pre tax profit

5.2 m9.4 m

Income tax expense

1.4 m3 m

Net Income

3.8 m6.3 m
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

Total Assets

743.4 m795.5 m

Accounts Payable

994 k540.3 m

Total Debt

49.9 m

Total Liabilities

686.4 m

Additional Paid-in Capital

43.2 m43.4 m

Retained Earnings

59.9 m66.2 m

Total Equity

101.4 m109.1 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.1 x

Financial Leverage

7.3 x7.3 x
USDFY, 2015FY, 2016

Net Income

3.8 m6.3 m

Depreciation and Amortization

713 k832 k

Accounts Receivable

(5.8 m)

Inventories

2.1 m

Accounts Payable

1 m3.6 m

Cash From Operating Activities

6.8 m8.6 m

Cash From Investing Activities

(75 m)(61.5 m)

Cash From Financing Activities

79.1 m43.2 m

Interest Paid

2.2 m2.8 m

Income Taxes Paid

2.2 m3.1 m
USDY, 2016

EV/EBIT

7.6 x

EV/CFO

22.3 x

Revenue/Employee

71.4 k

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

7.3 x

Provident Bank Market Value History

Provident Bank News and Updates

Provident Bank Company Life and Culture

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