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PROVIDENT Provident Financial Holdings , Inc. 3756 Central Avenue Riverside , CA 92506 ( 951 ) 686-6060 Exhibit 99.1 PROV NASDAQ LISTED NEWS RELEASE PROVIDENT FINANCIAL HOLDINGS REPORTS THIRD QUARTER FISCAL 2021 RESULTS The Company Reports Net Income of $ 1.56 Million in the March 2021 Quarter Loans Held for Investment Decrease 7 % from June 30 , 2020 to $ 840.3 Million Total Deposits Increase 5 % from June 30 , 2020 to $ 933.8 Million Non - Interest Expense Declines 8 % to $ 6.91 Million in the March 2021 Quarter in Comparison to the March 2020 Quarter Riverside , Calif . – April 27 , 2021 - Provident Financial Holdings , Inc. ( “ Company ” ) , NASDAQ GS : PROV , the holding company for Provident Savings Bank , F.S.B. ( “ Bank ” ) , today announced third quarter earnings results for the fiscal year ending June 30 , 2021 . For the quarter ended March 31 , 2021 , the Company reported net income of $ 1.56 million , or $ 0.21 per diluted share ( on 7.58 million average diluted shares outstanding ) , up from net income of $ 1.14 million , or $ 0.15 per diluted share ( on 7.59 million average diluted shares outstanding ) , in the comparable period a year ago . Compared to the same quarter last year , the increase in earnings was primarily attributable to a recovery from the allowance for loan losses and lower non - interest expenses ( mainly , lower salaries and employee benefits expenses related to fewer employees and reduced incentive compensation ) , partly offset by lower net interest income . Page 1 of 20