Provident Financial Holdings Inc. expected to Report Q2 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Provident Financial Holdings Inc. announced a quarterly cash dividend of $0.01 per share on the company's outstanding shares of common stock. Shareholders of the company's common stock at the close of business on November 20, 2009 will be entitled to receive the cash dividend. The cash dividend will be payable on December 16, 2009.

Provident Financial Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported a net loss of $5.02 million, or $0.82 per diluted share compared to net income of $329,000, or $0.05 per diluted share in the comparable period a year ago. The first quarter loss was primarily attributable to an increase in the provision for loan losses, a decrease in net interest income and an increase in operating expenses, partly offset by an increase in non-interest income. Loss this quarter was primarily related to the increase in the general loan loss allowance consistent with guarded outlook for future credit losses. Loss before income tax was $8.6 million compared to income before income tax of $0.7 million for the same period a year ago. Return on average assets was negative 1.28% compared to 0.08% for the same period of fiscal 2009. Return on average stockholders' equity was negative at 17.68% compared to 1.06% for the comparable period of fiscal 2009. Net interest income before provision for loan losses decreased $1.18 million, or 10%, to $10.11 million from $11.29 million for the same period in fiscal 2009.