Riverside, California-based Provident Financial Holdings (NASDAQ:PROV), the holding company for Provident Bank, reported financial results for the quarter ended December 31, 2025.
Net income totaled $1.44 million, or $0.22 per diluted share, down 15% sequentially from the prior quarter but up 65% compared with the same quarter a year earlier.
The quarter included a $214,000 non-recurring pre-litigation settlement expense and a $158,000 recovery of credit losses.
Net interest margin expanded to 3.03%, improving 3 basis points sequentially and 12 basis points year-over-year.
Loans held for investment stood at $1.04 billion at quarter-end, while total deposits were $872.4 million.
Meanwhile, credit quality remained robust, with non-performing assets at just 0.08% of total assets and the allowance for credit losses at $5.6 million, or 0.55% of loans.