Provident Financial Holdings Announces Extension of September 2023 Stock Repurchase Plan
26 Septiembre 2024 - 5:57PM
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 an
extension of the September 28, 2023 Stock Repurchase Plan (“Plan”)
for a period of one year or until completed, whichever occurs
first. There are 99,968 shares currently available to be purchased
under the Plan. The Corporation will purchase the shares from time
to time in the open market or through privately negotiated
transactions depending on market conditions, the capital
requirements of the Corporation, and available cash that can be
allocated to the stock repurchase program, among other
considerations.
Safe-Harbor Statement
Certain matters in this News Release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements may relate to, among others,
expectations of the business environment in which the Company
operates, projections of future performance, perceived
opportunities in the market, potential future credit experience,
and statements regarding the Company’s mission and vision. These
forward-looking statements are based upon current management
expectations, and may, therefore, involve risks and uncertainties.
The Company’s actual results, performance, or achievements may
differ materially from those suggested, expressed, or implied by
forward-looking statements as a result of a wide range of factors
including, but not limited to, the general business environment,
interest rates, the California real estate market, competitive
conditions between banks and non-bank financial services providers,
regulatory changes, and other risks detailed in the Company’s
reports filed with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
June 30, 2024.
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Contacts: |
Donavon P. TernesPresident andChief Executive Officer(951)
686-6060 |
TamHao B. NguyenSenior Vice President and Chief Financial
Officer(951) 686-6060 |
Provident Financial (NASDAQ:PROV)
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