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Form 8-K

sec.gov

8-K — PROVIDENT FINANCIAL HOLDINGS INC

Accession: 0000939057-26-000143

Filed: 2026-07-28

Period: 2026-07-28

CIK: 0001010470

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — prov8k72826.htm (Primary)

EX-99.1 (prov8k72826exh991.htm)

EX-99.2 (prov8k72826exh992.htm)

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8-K

8-K (Primary)

Filename: prov8k72826.htm · Sequence: 1

false000101047000010104702026-07-282026-07-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 28, 2026

PROVIDENT FINANCIAL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-28304

33-0704889

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

3756 Central Avenue, Riverside, California

92506

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area

code:  (951) 686-6060

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions.

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $.01 per share

PROV

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the

Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if

the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Item 2.02  Results of Operations and Financial Condition

On July 28, 2026, Provident Financial Holdings, Inc. (“Corporation”), the holding company for Provident Savings Bank, F.S.B., distributed its financial results for the quarter and fiscal year

ended June 30, 2026. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01  Regulation FD Disclosure.

On April 28, 2026, the Corporation posted its Investor Presentation for the quarter ended June 30, 2026 on the

Corporation’s website, www.myprovident.com, under Presentations in the Investor Relations section. A copy of the Investor Presentation is attached hereto as Exhibit

99.2 and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits

(d)

Exhibits

99.1

News release of

the Corporation’s financial results for the quarter and fiscal year ended June 30, 2026.

99.2

Investor

Presentation of Provident Financial Holdings, Inc. for the quarter ended June 30, 2026.

104

Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to

be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 28, 2026

PROVIDENT FINANCIAL HOLDINGS, INC.

/s/ Peter C. Fan

Peter C. Fan

Senior Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

EX-99.1

EX-99.1

Filename: prov8k72826exh991.htm · Sequence: 2

Exhibit 99.1

3756 Central Avenue

NEWS RELEASE

Riverside, CA 92506

(951) 686-6060

PROVIDENT FINANCIAL HOLDINGS REPORTS

FOURTH QUARTER AND FISCAL 2026 RESULTS

Net Income of $2.18 million in the June 2026 Quarter, Up 61% from the Sequential Quarter and Up

34% from the Comparable Quarter Last Year

Net Interest Margin of 3.21% in the June 2026 Quarter, Up Eight Basis Points from the

Sequential

Quarter and Up 27 Basis Points from the Comparable Quarter Last Year

Loans Held for Investment of $1.03 Billion at June 30, 2026, Down 1% from $1.05 Billion at June

30, 2025

Total Deposits of $910.4 Million at June 30, 2026, up 2% from $888.8 million at June 30, 2025

Non-Performing Assets to Total Assets Ratio of 0.04% at June 30, 2026, Down from 0.11% at June

30, 2025

Riverside, Calif. – July 28, 2026 – Provident Financial Holdings, Inc. (“Company”), NASDAQ GS:

PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced earnings for the fourth quarter and fiscal year ended June 30, 2026.

The Company reported net income of $2.18 million, or $0.35 per diluted share (on 6.33 million

average diluted shares outstanding), for the quarter ended June 30, 2026, up 61 percent from $1.35 million, or $0.21 per diluted share (on 6.44 million average diluted shares outstanding), in the third quarter of fiscal 2026, and up 34 percent from

net income of $1.63 million, or $0.24 per diluted share (on 6.65 million average diluted shares outstanding), in the comparable period a year ago. The increase compared to the sequential quarter primarily reflected a $95,000 recovery of credit

losses, in contrast to a $326,000 provision for credit losses, and a $570,000 increase in non-interest income (mainly due to higher gains on other equity investments). The increase from the comparable quarter last year was due primarily to a $429,000

increase in net interest income and a $403,000 increase in non-interest income (mainly due to higher gains on other equity investments), partly offset by a $129,000 increase in non-interest expense (mainly salaries and employee benefits).

For the fiscal year ended June 30, 2026, net income increased $400,000, or six percent, to

$6.66 million from $6.26 million in fiscal 2025. Diluted earnings per share for the fiscal year ended June 30, 2026 was $1.03 per share, up 11 percent from $0.93 in the comparable period last year. The increase in net income was primarily

attributable to an $859,000 increase in net interest income and a $195,000 increase in non-interest income (primarily due to an increase in the loan servicing and other fees and an increase in the gain on other equity investments), partly offset by

Page 1 of 15

a $363,000 increase in the provision for income taxes (of which $251,000 was attributable to the write-off of

deferred tax assets related to the expiration of non-qualified stock options).

“Our fourth quarter results reflect sustained momentum in our business. The net interest

margin expanded for the fourth consecutive quarter, credit quality remained excellent, and operating expenses were tightly managed. Together with our share repurchases, these results underscore our continued commitment to delivering shareholder

value,” said Donavon P. Ternes, President and Chief Executive Officer.  “We are well positioned to further strengthen our fundamentals in fiscal 2027, supported by our disciplined credit culture, strong capital position, and a more favorable interest

rate environment,” he added.

Return on average assets was 0.73 percent for the fourth quarter of fiscal 2026, compared to

0.45 percent in the third quarter of fiscal 2026 and 0.53 percent for the fourth quarter of fiscal 2025. Return on average stockholders’ equity for the fourth quarter of fiscal 2026 was 6.85 percent, compared to 4.21 percent for the third quarter of

fiscal 2026 and 5.01 percent for the fourth quarter of fiscal 2025.

In the fourth quarter of fiscal 2026, net interest income increased $429,000 or five percent

to $9.31 million from $8.88 million for the same quarter last year. The increase reflected the impact of a $595,000 decrease in funding costs, reflecting lower interest expense on FHLB advances resulting from lower average borrowings and lower

borrowing rates, partly offset by a $166,000 decrease in income from interest-earning assets. The net interest margin increased 27 basis points to 3.21% from 2.94% in the same quarter last year, reflecting lower funding costs and higher loan yields,

despite lower average interest-earning assets.

Interest income on loans receivable was virtually unchanged at $13.12 million in the fourth

quarter of fiscal 2026 from $13.10 million in the same quarter last year, primarily due to a higher average loan yield, which was mainly offset by a lower average loan balance. The yield on loans receivable increased 13 basis points to 5.10 percent

from 4.97 percent in the same quarter last year. The increase in the loan yield was primarily due to the effect of adjustable rate loan repricing and a decrease in net deferred loan cost amortization to $407,000 from $463,000 in the same quarter last

year. For the last 12-month period, approximately $256.8 million of adjustable-rate loans repriced to a weighted average rate of 6.98 percent, up 59 basis points from 6.39 percent prior to repricing. The average balance of loans receivable decreased

$24.2 million, or two percent, to $1.03 billion, as loan principal payments received during the last 12 months of $176.8 million, exceeded loans originated for investment of $162.3 million.

Interest income from investment securities decreased $70,000, or 16 percent, to $376,000 in

the fourth quarter of fiscal 2026 from $446,000 for the same quarter of fiscal 2025. This decrease was attributable to a lower average balance, partly offset by a higher average yield. The average balance of investment securities totaled $93.4

million, a decrease of $20.2 million, or 18 percent, from the same quarter of fiscal 2025, reflecting the continued runoff of the held-to-maturity portfolio. The yield on investment securities increased four basis points to 1.61 percent in the

Page 2 of 15

fourth quarter of fiscal 2026 from 1.57 percent for the same quarter last year, resulting from a lower premium

amortization ($52,000 vs. $80,000).

In the fourth quarter of fiscal 2026, the Bank received $177,000 in cash dividends from the

FHLB – San Francisco stock and other equity investments, down $32,000 or 15 percent from $209,000 in the same quarter last year. The cash dividend yield was 6.80%, down 132 basis points from 8.12% in the same quarter last year, while the average

balance increased slightly to $10.4 million from $10.3 million in the same quarter last year.

Interest income from interest-earning deposits, primarily cash deposited at the FRB of San

Francisco, was $264,000 in the fourth quarter of fiscal 2026, down $78,000 or 23 percent from $342,000 in the same quarter of fiscal 2025. The decrease was due to both a lower yield and a lower average balance. The yield decreased 75 basis points to

3.65 percent from 4.40 percent in the same quarter last year, due to a lower average interest rate on FRB reserve balances following decreases in the targeted federal funds rate since the same quarter last year. The average balance decreased $2.1

million, or seven percent, to $28.6 million in the fourth quarter of fiscal 2026 from $30.7 million in the same quarter last year.

Interest expense on deposits for the fourth quarter of fiscal 2026 was $3.03 million, an

increase of $46,000 or two percent from $2.98 million for the same period last year, reflecting higher rates paid on average deposits of $892.6 million compared to $898.5 million in the same quarter last year. The average cost of deposits increased

three basis points to 1.36 percent from 1.33 percent in the same quarter last year, primarily due to a greater proportion of time deposits, including brokered certificates of deposit.

During fiscal year ended June 30, 2026, transaction account balances, or “core deposits,”

decreased $19.3 million, or three percent, to $557.1 million, while time deposits increased $40.9 million, or 13 percent, to $353.2 million, reflecting continued customer preference for higher-yielding deposit products. Brokered certificates of

deposit totaled $161.4 million at June 30, 2026, up $30.4 million, or 23 percent, from $131.0 million at June 30, 2025, while the weighted average cost of brokered certificates of deposit declined 31 basis points to 3.93 percent from 4.24 percent at

June 30, 2025, reflecting the lower interest rate environment.

Interest expense on borrowings, primarily comprised of FHLB advances, decreased $641,000, or

29 percent, to $1.59 million during the fourth quarter of fiscal 2026 from $2.24 million for the same period last year. This decrease was due to a $37.7 million, or 19 percent, decrease in average borrowings to $158.1 million from $195.8 million, as

well as a 54-basis point decrease in the average cost of borrowings to 4.04 percent from 4.58 percent, reflecting the lower interest rate environment.

At June 30, 2026, the Bank had approximately $255.9 million of remaining borrowing capacity

with the FHLB, an additional $187.5 million available through a borrowing facility with the FRB of San Francisco, and an unused unsecured federal funds borrowing facility of $50.0 million with its correspondent bank. Total available borrowing

capacity across all sources was

Page 3 of 15

approximately $493.4 million at June 30, 2026. The Bank also remained well capitalized under all applicable

regulatory capital requirements.

During the fourth quarter of fiscal 2026, the Company recorded a $95,000 recovery of credit

losses, which included an $11,000 recovery related to unfunded loan commitment reserves. This compares with a $164,000 recovery of credit losses in the same quarter last year and a $326,000 provision for credit losses in the third quarter of fiscal

2026 (the sequential quarter). The recovery of credit losses was primarily driven by a decrease in the expected life of the loan portfolio as adjustable-rate loans repriced upward during the quarter. The recovery was also supported by other favorable

factors, including strong loan quality, lower historical loss rates and improved forward-looking economic indicators. These favorable factors were partly offset by a modest increase in the loan portfolio balance.

Non-performing assets, comprised solely of non-accrual loans secured by properties located in

California, decreased $909,000, or 64 percent, to $505,000, representing 0.04 percent of total assets at June 30, 2026, compared to $1.4 million, or 0.11 percent of total assets, at June 30, 2025. At June 30, 2026, non-performing loans were comprised

of three single-family loans and one multi-family loan, compared to seven single-family loans and one multi-family loan at June 30, 2025. At both dates, the Bank had no real estate owned and no loans 90 days or more past due that were still accruing

interest. Additionally, no loan charge-offs occurred during the quarters ended June 30, 2026 and 2025.

Classified assets were $2.5 million at June 30, 2026, consisting of $792,000 of loans in the

special mention category and $1.7 million of loans in the substandard category. This compares to $5.0 million at June 30, 2025, consisting of $1.1 million of loans in the special mention category and $3.9 million of loans in the substandard category.

The allowance for credit losses on loans held for investment was $5.9 million, or 0.57 percent

of gross loans held for investment, at June 30, 2026, down from $6.4 million, or 0.62 percent of gross loans held for investment, at June 30, 2025. The decrease in the allowance for credit losses was due primarily to a shorter estimated average life

of the loan portfolio attributable to a decline in mortgage interest rates and a lower loan portfolio balance from June 30, 2025. Management believes, based on currently available information, the allowance for credit losses is sufficient to absorb

expected losses inherent in loans held for investment at June 30, 2026.

Non-interest income increased $403,000, or 46 percent, to $1.28 million in the fourth quarter

of fiscal 2026 from $880,000 in the same period last year, primarily due to an increase in other non-interest income, attributable primarily to a higher gain on other equity investments. The increase was due primarily to a conversion of VISA shares

in May 2026 resulting in a gain of $311,000.  On a sequential quarter basis, non-interest income increased $570,000, or 80 percent, primarily due to a higher gain on other equity investments resulting mainly from the VISA share conversion and a

higher valuation of VISA Class C shares.

Page 4 of 15

Non-interest expense increased $129,000, or two percent, to $7.75 million in the fourth

quarter of fiscal 2026 from $7.62 million in the same quarter last year, primarily due to a $126,000 or three percent increase in salaries and employee benefits. On a sequential quarter basis, non-interest expense increased $110,000, or one percent,

primarily due to an increase in salaries and employee benefits.

The Company’s efficiency ratio, defined as non-interest expense divided by the sum of net

interest income and non-interest income, in the fourth quarter of fiscal 2026 was 73 percent, improved from 78 percent in the same quarter last year. The ratio also improved from 77 percent in the third quarter of fiscal 2026 (the sequential

quarter).

The Company’s provision for income taxes was $756,000 for the fourth quarter of fiscal 2026,

up 11 percent from $680,000 in the same quarter last year and up 36 percent from $557,000 in the third quarter of fiscal 2026 (the sequential quarter). The increase compared to the same quarter last year was due to a higher pre-tax income, partly

offset by a reduction in the effective tax rate to 25.7 percent from 29.5 percent. The increase compared to the sequential quarter similarly reflected higher pre-tax income, partly offset by a lower effective tax rate from 29.2 percent in the prior

quarter. The lower effective tax rate was due primarily to tax benefits totaling $94,000 attributable to the vesting of restricted stock in May 2026.

Consistent with the Company's continued commitment to delivering shareholder value, the

Company repurchased 89,974 shares of its common stock at an average cost of $16.97 per share during the quarter ended June 30, 2026, and paid a quarterly cash dividend of $0.14 per share. As of June 30, 2026, a total of 174,605 shares remained

available for future purchase under the Company’s current repurchase program.

The Bank currently operates 13 retail/business banking offices in Riverside County and San

Bernardino County (collectively referred to as the Inland Empire).

The Company will host a conference call for institutional investors and bank analysts on

Wednesday, July 29, 2026 at 9:00 a.m. (Pacific) to discuss its financial results. The conference call can be accessed by dialing 1-800-715-9871 and referencing Conference ID number 7361828.  An audio replay of the conference call will be available

through Wednesday, August 5, 2026 by dialing 1-800-770-2030 and referencing Conference ID number 7361828.

For more financial information about the Company please visit the website at

www.myprovident.com and click on the “Investor Relations” section.

Safe-Harbor Statement

This press release contains statements that the Company believes are “forward-looking statements” within the meaning

of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company’s financial condition, liquidity, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these

statements as they are subject to various risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you

should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

Page 5 of 15

There are a number of important factors that could cause actual results to differ materially from those express or

implied by these forward-looking statements and from historical performance. Factors that could cause actual results to differ materially include, but are not limited to: adverse economic conditions in the Company’s local market areas or other

markets in which it has lending relationships; changes in employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth; changes in interest rate levels and volatility, and the timing and pace of such

changes, including actions by the Board of Governors of the Federal Reserve System (the “Federal Reserve”), which could adversely affect the Company’s revenues and expenses, the value of its assets and obligations, and the availability and cost of

capital and liquidity; the impact of inflation and related monetary and fiscal policy responses, and their effect on consumer and business behavior; the effects of a federal government shutdown, debt ceiling standoff, or other fiscal policy

uncertainty; credit risks associated with lending activities, including loan delinquencies, charge-offs, changes in the allowance for credit losses (“ACL”), and the provision for credit losses; increased competitive pressures, including repricing and

competitors’ pricing initiatives, and their impact on the Company’s market position and loan and deposit products; the quality and composition of the Company’s securities portfolio and the impact of adverse changes in the securities markets;

fluctuations in deposits; secondary market conditions for loans and the Company’s ability to sell loans in the secondary market; liquidity risks, including the Company’s ability to borrow funds or raise additional capital, if necessary; the Company’s

ability to successfully implement key growth initiatives and strategic priorities; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry on investor and depositor sentiment;

results of examinations by regulatory authorities, including the possibility that a regulatory authority may, among other things, institute a formal or informal enforcement action against the Company or its bank subsidiary that could require the

Company to increase its ACL, write down assets, alter its regulatory capital position, affect its ability to borrow funds or maintain or increase deposits, or impose additional requirements or restrictions, any of which could adversely affect its

liquidity and earnings; the Company’s ability to adapt to rapid technological changes, including advancements related to artificial intelligence, digital banking platforms, and cybersecurity; legislative or regulatory changes, including but not

limited to changes in capital requirements, banking regulation, tax laws, or consumer protection laws; the use of estimates in determining the fair value of assets, which may prove inaccurate; vulnerabilities in information systems or third-party

service providers, including disruptions, breaches, or cyberattacks; geopolitical developments and international conflicts, including but not limited to tensions or instability in Eastern Europe, the Middle East, South America and Asia, or the

imposition of new or increased tariffs or trade restrictions, which could disrupt financial markets, global supply chains, commodity prices, or economic activity; staffing fluctuations in response to changes in product demand or corporate

implementation strategies; the Company’s ability to pay dividends on its common stock; environmental, social and governance matters; effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health

crises, acts of war or terrorism, domestic political unrest, and other external events; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the

Securities and Exchange Commission (“SEC”), which are available on the Company’s website at www.myprovident.com and on the SEC’s website at www.sec.gov.

We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the

occurrence of anticipated or unanticipated events or circumstances after the date of such statements whether as a result of new information, future events or otherwise. These risks could cause our actual results for fiscal 2027 and beyond to differ

materially from those expressed in any forward-looking statements by, or on behalf of us and could negatively affect our operating and stock price performance.

Contacts:

Donavon P. Ternes

Peter C. Fan

President and

Chief Executive Officer

Senior Vice President and

Chief Financial Officer

Page 6 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Condensed Consolidated Statements of Financial Condition

(Unaudited –In Thousands, Except Share and Per Share Information)

June 30,

March 31,

December 31,

September 30,

June 30,

2026

2026

2025

2025

2025

Assets

Cash and cash equivalents

$

49,210

$

57,126

$

54,370

$

49,407

$

53,090

Investment securities - held to maturity, at cost with no

allowance for credit losses

89,251

93,997

98,899

103,877

109,399

Investment securities - available for sale, at fair value

1,272

1,346

1,404

1,544

1,607

Loans held for investment, net of allowance for credit losses of

$5,850, $5,934, $5,634, $5,780 and $6,424, respectively;

includes $978, $997, $1,006, $1,010 and $1,018 of loans held

at fair value, respectively

1,032,682

1,029,644

1,037,655

1,041,776

1,045,745

Accrued interest receivable

4,285

4,196

4,106

4,180

4,215

FHLB - San Francisco stock and other equity investments,

includes $1,041, $622, $721, $702 and $730 of other equity

investments at fair value, respectively

10,609

10,190

10,289

10,270

10,298

Premises and equipment, net

9,231

9,551

9,836

8,992

9,324

Prepaid expenses and other assets

11,621

11,574

11,333

10,761

11,935

Total assets

$

1,208,161

$

1,217,624

$

1,227,892

$

1,230,807

$

1,245,613

Liabilities and Stockholders’ Equity

Liabilities:

Noninterest-bearing deposits

$

86,859

$

84,628

$

75,316

$

79,007

$

83,566

Interest-bearing deposits

823,524

808,257

797,118

795,832

805,206

Total deposits

910,383

892,885

872,434

874,839

888,772

Borrowings

157,046

184,053

213,060

213,066

213,073

Accounts payable, accrued interest and other liabilities

14,512

14,113

14,907

14,532

15,223

Total liabilities

1,081,941

1,091,051

1,100,401

1,102,437

1,117,068

Stockholders’ equity:

Preferred stock, $.01 par value (2,000,000 shares authorized;

none issued and outstanding)

Common stock, $.01 par value; (40,000,000 shares authorized;

18,229,615, 18,229,615, 18,229,615, 18,229,615 and

18,229,615 shares issued respectively; 6,264,035, 6,323,219,

6,414,751, 6,511,011 and 6,577,718 shares outstanding,

respectively)

183

183

183

183

183

Additional paid-in capital

99,782

99,553

99,434

99,306

99,149

Retained earnings

215,466

214,156

213,693

213,163

212,403

Treasury stock at cost (11,965,580, 11,906,396, 11,814,864,

11,718,604, and 11,651,897 shares, respectively)

(189,224)

(187,333)

(185,836)

(184,300)

(183,207)

Accumulated other comprehensive income, net of tax

13

14

17

18

17

Total stockholders’ equity

126,220

126,573

127,491

128,370

128,545

Total liabilities and stockholders’ equity

$

1,208,161

$

1,217,624

$

1,227,892

$

1,230,807

$

1,245,613

Page 7 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Condensed Consolidated Statements of Operations

(Unaudited - In Thousands, Except Per Share Information)

For the Quarter Ended

Fiscal Year Ended

June 30,

June 30,

2026

2025

2026

2025

Interest income:

Loans receivable, net

$

13,116

$

13,102

$

52,024

$

52,543

Investment securities

376

446

1,612

1,858

FHLB - San Francisco stock and other equity investments

177

209

1,090

845

Interest-earning deposits

264

342

1,163

1,378

Total interest income

13,933

14,099

55,889

56,624

Interest expense:

Checking and money market deposits

46

40

207

190

Savings deposits

249

144

836

500

Time deposits

2,733

2,798

10,778

10,536

Borrowings

1,594

2,235

7,740

9,929

Total interest expense

4,622

5,217

19,561

21,155

Net interest income

9,311

8,882

36,328

35,469

Recovery of credit losses

(95)

(164)

(553)

(666)

Net interest income, after recovery of credit losses

9,406

9,046

36,881

36,135

Non-interest income:

Loan servicing and other fees

136

120

583

419

Deposit account fees

258

256

1,067

1,112

Card and processing fees

335

354

1,203

1,265

Other

554

150

873

735

Total non-interest income

1,283

880

3,726

3,531

Non-interest expense:

Salaries and employee benefits

4,897

4,771

19,263

19,006

Premises and occupancy

878

886

3,560

3,634

Equipment

428

403

1,757

1,542

Professional

370

355

1,551

1,579

Sales and marketing

227

173

712

714

Deposit insurance premiums and regulatory assessments

162

172

661

740

Other

787

860

3,467

3,578

Total non-interest expense

7,749

7,620

30,971

30,793

Income before income taxes

2,940

2,306

9,636

8,873

Provision for income taxes

756

680

2,981

2,618

Net income

$

2,184

$

1,626

$

6,655

$

6,255

Basic earnings per share

$

0.35

$

0.25

$

1.04

$

0.93

Diluted earnings per share

$

0.35

$

0.24

$

1.03

$

0.93

Cash dividends per share

$

0.14

$

0.14

$

0.56

$

0.56

Page 8 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Condensed Consolidated Statements of Operations – Sequential Quarters

(Unaudited – In Thousands, Except Per Share Information)

For the Quarter Ended

June 30,

March 31,

December 31,

September 30,

June 30,

2026

2026

2025

2025

2025

Interest income:

Loans receivable, net

$

13,116

$

12,705

$

13,072

$

13,131

$

13,102

Investment securities

376

395

411

430

446

FHLB - San Francisco stock and other equity investments

177

488

214

211

209

Interest-earning deposits

264

272

253

374

342

Total interest income

13,933

13,860

13,950

14,146

14,099

Interest expense:

Checking and money market deposits

46

54

56

51

40

Savings deposits

249

219

197

171

144

Time deposits

2,733

2,609

2,672

2,764

2,798

Borrowings

1,594

1,815

2,101

2,230

2,235

Total interest expense

4,622

4,697

5,026

5,216

5,217

Net interest income

9,311

9,163

8,924

8,930

8,882

(Recovery of) provision for credit losses

(95)

326

(158)

(626)

(164)

Net interest income, after (recovery of) provision for credit losses

9,406

8,837

9,082

9,556

9,046

Non-interest income:

Loan servicing and other fees

136

125

176

146

120

Deposit account fees

258

271

273

265

256

Card and processing fees

335

280

286

302

354

Other

554

37

182

100

150

Total non-interest income

1,283

713

917

813

880

Non-interest expense:

Salaries and employee benefits

4,897

4,813

4,783

4,770

4,771

Premises and occupancy

878

884

851

947

886

Equipment

428

444

479

406

403

Professional

370

325

442

414

355

Sales and marketing

227

179

158

148

173

Deposit insurance premiums and regulatory assessments

162

157

177

165

172

Other

787

837

1,059

784

860

Total non-interest expense

7,749

7,639

7,949

7,634

7,620

Income before income taxes

2,940

1,911

2,050

2,735

2,306

Provision for income taxes

756

557

614

1,054

680

Net income

$

2,184

$

1,354

$

1,436

$

1,681

$

1,626

Basic earnings per share

$

0.35

$

0.21

$

0.22

$

0.26

$

0.25

Diluted earnings per share

$

0.35

$

0.21

$

0.22

$

0.25

$

0.24

Cash dividends per share

$

0.14

$

0.14

$

0.14

$

0.14

$

0.14

Page 9 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Financial Highlights

(Unaudited - Dollars in Thousands, Except Share and Per

Share Information)

As of and For the

Quarter Ended

Fiscal Year Ended

June 30,

June 30,

2026

2025

2026

2025

SELECTED FINANCIAL RATIOS:

Return on average assets

0.73

%

0.53

%

0.55

%

0.50

%

Return on average stockholders' equity

6.85

%

5.01

%

5.17

%

4.79

%

Stockholders’ equity to total assets

10.45

%

10.32

%

10.45

%

10.32

%

Net interest spread

3.04

%

2.76

%

2.91

%

2.74

%

Net interest margin

3.21

%

2.94

%

3.09

%

2.93

%

Efficiency ratio

73.15

%

78.06

%

77.32

%

78.96

%

Average interest-earning assets to average interest-

bearing liabilities

110.59

%

110.41

%

110.61

%

110.38

%

SELECTED FINANCIAL DATA:

Basic earnings per share

$

0.35

$

0.25

$

1.04

$

0.93

Diluted earnings per share

$

0.35

$

0.24

$

1.03

$

0.93

Book value per share

$

20.15

$

19.54

$

20.15

$

19.54

Shares used for basic EPS computation

6,264,665

6,604,758

6,415,560

6,716,086

Shares used for diluted EPS computation

6,333,590

6,653,214

6,482,884

6,760,962

Total shares issued and outstanding

6,264,035

6,577,718

6,264,035

6,577,718

LOANS ORIGINATED FOR INVESTMENT:

Mortgage loans:

Single-family

$

37,180

$

18,303

$

115,547

$

92,498

Multi-family

9,186

9,343

41,428

25,115

Commercial real estate

1,017

5,334

3,777

Construction

725

725

Commercial business loans

550

Total loans originated for investment

$

46,366

$

29,388

$

162,309

$

122,665

Page 10 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Financial Highlights

(Unaudited - Dollars in Thousands, Except Share and Per

Share Information)

As of and For the

Quarter

Quarter

Quarter

Quarter

Quarter

Ended

Ended

Ended

Ended

Ended

06/30/26

03/31/26

12/31/25

09/30/25

06/30/25

SELECTED FINANCIAL

RATIOS:

Return on average assets

0.73

%

0.45

%

0.47

%

0.55

%

0.53

%

Return on average stockholders'

equity

6.85

%

4.21

%

4.44

%

5.17

%

5.01

%

Stockholders’ equity to total assets

10.45

%

10.40

%

10.38

%

10.43

%

10.32

%

Net interest spread

3.04

%

2.93

%

2.86

%

2.83

%

2.76

%

Net interest margin

3.21

%

3.13

%

3.03

%

3.00

%

2.94

%

Efficiency ratio

73.15

%

77.35

%

80.77

%

78.35

%

78.06

%

Average interest-earning assets to

average interest-bearing liabilities

110.59

%

110.59

%

110.66

%

110.60

%

110.41

%

SELECTED FINANCIAL

DATA:

Basic earnings per share

$

0.35

$

0.21

$

0.22

$

0.26

$

0.25

Diluted earnings per share

$

0.35

$

0.21

$

0.22

$

0.25

$

0.24

Book value per share

$

20.15

$

20.02

$

19.87

$

19.72

$

19.54

Average shares used for basic EPS

6,264,665

6,367,057

6,462,230

6,565,592

6,604,758

Average shares used for diluted

EPS

6,333,590

6,442,894

6,527,569

6,624,787

6,653,214

Total shares issued and outstanding

6,264,035

6,323,219

6,414,751

6,511,011

6,577,718

LOANS ORIGINATED FOR

INVESTMENT:

Mortgage loans:

Single-family

$

37,180

$

28,828

$

30,415

$

19,124

$

18,303

Multi-family

9,186

13,813

9,925

8,504

9,343

Commercial real estate

1,540

1,782

2,012

1,017

Construction

725

Total loans originated for

investment

$

46,366

$

44,181

$

42,122

$

29,640

$

29,388

Page 11 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Financial Highlights

(Unaudited - Dollars in Thousands)

As of

As of

As of

As of

As of

06/30/26

03/31/26

12/31/25

09/30/25

06/30/25

ASSET QUALITY RATIOS AND DELINQUENT

LOANS:

Recourse reserve for loans sold

$

17

$

23

$

23

$

23

$

23

Allowance for credit losses on loans held for

investment

$

5,850

$

5,934

$

5,634

$

5,780

$

6,424

Non-performing loans to loans held for investment,

net

0.05

%

0.09

%

0.10

%

0.18

%

0.14

%

Non-performing assets to total assets

0.04

%

0.08

%

0.08

%

0.15

%

0.11

%

Allowance for credit losses on loans to gross loans

held for investment

0.57

%

0.58

%

0.55

%

0.56

%

0.62

%

Net loan charge-offs (recoveries) to average loans

receivable (annualized)

%

%

%

%

%

Non-performing loans

$

505

$

978

$

990

$

1,888

$

1,414

Loans 30 to 89 days delinquent

$

1

$

1

$

1

$

$

2

Quarter

Quarter

Quarter

Quarter

Quarter

Ended

Ended

Ended

Ended

Ended

06/30/26

03/31/26

12/31/25

09/30/25

06/30/25

(Recovery) recourse provision for loans sold

$

(6)

$

$

$

$

(Recovery of) provision for credit losses

$

(95)

$

326

$

(158)

$

(626)

$

(164)

Net loan charge-offs (recoveries)

$

$

$

$

$

As of

As of

As of

As of

As of

06/30/26

03/31/26

12/31/25

09/30/25

06/30/25

REGULATORY CAPITAL RATIOS (BANK):

Tier 1 leverage ratio

10.30

%

9.98

%

9.79

%

9.55

%

10.11

%

Common equity tier 1 capital ratio

19.41

%

19.01

%

18.67

%

18.19

%

19.50

%

Tier 1 risk-based capital ratio

19.41

%

19.01

%

18.67

%

18.19

%

19.50

%

Total risk-based capital ratio

20.34

%

19.96

%

19.56

%

19.09

%

20.51

%

As of June 30,

2026

2025

Balance

Rate(1)

Balance

Rate(1)

INVESTMENT SECURITIES:

Held to maturity (at cost):

U.S. SBA securities

$

152

4.10

%

$

325

4.85

%

U.S. government sponsored enterprise MBS

85,003

1.61

104,549

1.60

U.S. government sponsored enterprise CMO

4,096

2.75

4,525

2.72

Total investment securities held to maturity

$

89,251

1.67

%

$

109,399

1.66

%

Available for sale (at fair value):

U.S. government agency MBS

$

859

5.30

%

$

1,082

4.90

%

U.S. government sponsored enterprise MBS

350

5.99

446

6.66

Private issue CMO

63

5.12

79

5.78

Total investment securities available for sale

$

1,272

5.48

%

$

1,607

5.43

%

Total investment securities

$

90,523

1.72

%

$

111,006

1.71

%

(1)

Weighted-average yield earned on all instruments included in the balance of the respective line item.

Page 12 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Financial Highlights

(Unaudited - Dollars in Thousands)

As of June 30,

2026

2025

Balance

Rate(1)

Balance

Rate(1)

LOANS HELD FOR INVESTMENT:

Mortgage loans:

Single-family (1 to 4 units)

$

565,930

4.75

%

$

544,425

4.69

%

Multi-family (5 or more units)

395,882

5.88

423,417

5.52

Commercial real estate

66,731

6.64

72,766

6.59

Construction

402

9.17

Other

89

5.25

Commercial business loans

1,267

9.59

Consumer loans

58

16.75

57

17.50

Total loans held for investment, gross

1,028,601

5.31

%

1,042,423

5.16

%

Advance payments of escrows

129

293

Deferred loan costs, net

9,802

9,453

Allowance for credit losses on loans

(5,850)

(6,424)

Total loans held for investment, net

$

1,032,682

$

1,045,745

Purchased loans serviced by others included above

$

1,529

5.72

%

$

1,673

5.72

%

(1)

Weighted-average yield earned on all instruments included in the balance of the respective line item.

As of June 30,

2026

2025

Balance

Rate(1)

Balance

Rate(1)

DEPOSITS:

Checking accounts – noninterest-bearing

$

86,859

%

$

83,566

%

Checking accounts – interest-bearing

226,695

0.04

240,597

0.04

Savings accounts

223,136

0.50

230,610

0.28

Money market accounts

20,450

0.48

21,703

0.32

Time deposits

353,243

3.32

312,296

3.56

Total deposits(2)(3)

$

910,383

1.43

%

$

888,772

1.34

%

Brokered CDs included in time deposits above

$

161,381

3.93

%

$

130,970

4.24

%

BORROWINGS:

Overnight

$

%

$

20,000

4.64

%

Three months or less

25,000

4.45

5,000

5.33

Over three to six months

15,000

4.03

54,000

5.03

Over six months to one year

72,000

3.76

84,000

4.39

Over one year to two years

35,046

4.03

35,000

4.35

Over two years to three years

10,000

4.51

5,073

4.22

Over three years to four years

10,000

4.51

Over four years to five years

Over five years

Total borrowings(4)

$

157,046

4.00

%

$

213,073

4.59

%

(1)

Weighted-average rate paid on all instruments included in the balance of the respective line item.

(2)

Includes uninsured deposits of approximately $178.6 million (of which, $61.2 million are collateralized) and $158.7

million (of which, $54.0 million are collateralized) at June 30, 2026 and 2025, respectively.

(3)

The average balance of deposit accounts was approximately $40 thousand and $37 thousand at June 30, 2026 and 2025,

respectively.

(4)

The Bank had approximately $255.9 million and

$282.3 million of remaining borrowing capacity at the FHLB – San Francisco, approximately $187.5 million and $142.5 million of borrowing capacity at the FRB of San Francisco and $50.0 million and $50.0 million of borrowing capacity with

its correspondent bank at June 30, 2026 and 2025, respectively.

Page 13 of 15

PROVIDENT FINANCIAL HOLDINGS, INC.

Financial Highlights

(Unaudited - Dollars in Thousands)

For the Quarter Ended

For the Quarter Ended

June 30, 2026

June 30, 2025

Balance

Rate(1)

Balance

Rate(1)

SELECTED AVERAGE BALANCE SHEETS:

Loans receivable, net

$

1,029,391

5.10

%

$

1,053,554

4.97

%

Investment securities

93,411

1.61

113,621

1.57

FHLB - San Francisco stock and other equity

investments

10,414

6.80

10,294

8.12

Interest-earning deposits

28,621

3.65

30,742

4.40

Total interest-earning assets

$

1,161,837

4.80

%

$

1,208,211

4.67

%

Total assets

$

1,192,487

$

1,238,691

Deposits(2)

$

892,557

1.36

%

$

898,485

1.33

%

Borrowings

158,061

4.04

195,824

4.58

Total interest-bearing liabilities(2)

$

1,050,618

1.76

%

$

1,094,309

1.91

%

Total stockholders’ equity

$

127,580

$

129,920

(1)

Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item.

(2)

Includes the average balance of noninterest-bearing checking accounts of $83.5 million and $87.5 million and the average

balance of uninsured deposits of $169.0 million and $125.8 million during the quarters ended June 30, 2026 and 2025, respectively.

Fiscal Year Ended

Fiscal Year Ended

June 30, 2026

June 30, 2025

Balance

Rate(1)

Balance

Rate(1)

SELECTED AVERAGE BALANCE SHEETS:

Loans receivable, net

$

1,036,180

5.02

%

$

1,051,448

5.00

%

Investment securities

100,966

1.60

121,399

1.53

FHLB - San Francisco stock and other equity investments

10,302

10.58

10,213

8.27

Interest-earning deposits

29,284

3.92

28,990

4.69

Total interest-earning assets

$

1,176,732

4.75

%

$

1,212,050

4.67

%

Total assets

$

1,207,432

$

1,242,402

Deposits(2)

$

883,831

1.34

%

$

881,738

1.27

%

Borrowings

180,041

4.30

216,290

4.59

Total interest-bearing liabilities(2)

$

1,063,872

1.84

%

$

1,098,028

1.93

%

Total stockholders’ equity

$

128,848

$

130,664

(1)

Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item.

(2)

Includes the average balance of noninterest-bearing checking accounts of $80.7 million and $88.2 million and the average

balance of uninsured deposits of $166.8 million and $127.1 million during the full fiscal year ended June 30, 2026 and 2025, respectively.

Page 14 of 15

ASSET QUALITY:

As of

As of

As of

As of

As of

06/30/26

03/31/26

12/31/25

09/30/25

06/30/25

Loans on non-accrual status

Mortgage loans:

Single-family

$

50

$

520

$

529

$

568

$

948

Multi-family

455

458

461

1,320

466

Total

505

978

990

1,888

1,414

Accruing loans past due 90 days or more:

Total

Total non-performing loans (1)

505

978

990

1,888

1,414

Real estate owned, net

Total non-performing assets

$

505

$

978

$

990

$

1,888

$

1,414

(1)

The non-performing loan balances are net of individually evaluated or collectively evaluated allowances, specifically

attached to the individual loans.

Page 15 of 15

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Jul. 28, 2026

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Entity Registrant Name

PROVIDENT FINANCIAL HOLDINGS, INC.

Entity Central Index Key

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Entity Incorporation, State or Country Code

DE

Entity Tax Identification Number

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Entity Address, Address Line One

3756 Central Avenue

Entity Address, City or Town

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Entity Address, State or Province

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Entity Address, Postal Zip Code

92506

City Area Code

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Local Phone Number

686-6060

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Local phone number for entity.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Trading symbol of an instrument as listed on an exchange.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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