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Provident Financial Holdings Announces New Stock Repurchase Plan

Jan 24, 2025

Contract Type

contract

CaliforniaFinancial ServicesReal EstateFinanceFintechLendingBanking

Description

Provident Financial Holdings, Inc. announced a new stock repurchase plan, authorizing the repurchase of up to five percent of the Company’s common stock, approximately 334,773 shares. The repurchase will take place over a one-year period depending on market conditions, the capital requirements of the Company, and available cash.

Company Information

Company

Provident Financial Holdings

Location

California, United States

About

With over $1.3 billion in total assets and 13 retail banking centers, Provident is the largest independent community bank headquartered in Riverside County, California , and has been serving the financial needs of its community since 1956. Provident’s community banking operations primarily consist of accepting deposits from customers and businesses within the communities surrounding its full-service offices and investing those funds in single-family, multi-family, commercial real estate, construction, commercial business, consumer, and other loans.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.