Provident Financial Holdings Announces New Stock Repurchase Plan

Apr 29, 2022

RIVERSIDE, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors authorized the repurchase of up to five percent (5%) of the Company’s common stock, approximately 364,259 shares. The Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase program, among other considerations. The April 2022 stock repurchase plan will become effective on April 28, 2022 and will continue for a period of one year or until completed, whichever occurs first.

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