Provident Financial board authorizes repurchase of up to 5% of common stock

Provident Financial Holdings announced that the company’s Board of Directors authorized the repurchase of up to 5% of the company’s common stock, approximately 350,353 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. Additionally, the April 2022 stock repurchase program which was extended on April 27, 2023 is canceled effective September 28, 2023. There were 25,428 remaining shares eligible for repurchase in the April 2022 stock repurchase program that will no longer be repurchased.