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Investor Presentation First Quarter Ended September 30, 2026
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Safe Harbor Statement 1 This presentation contains statements that the Company believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company’s financial condition, liquidity, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements as they are subject to various risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors which could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements include, but are not limited to: adverse economic conditions in our local market areas or other markets where we have lending relationships; effects of employment levels, labor shortages, persistent inflation, recessionary pressures or slowing economic growth; changes in interest rate levels and the duration of such changes, including actions by the Board of Governors of the Federal Reserve Board (the “Federal Reserve”), which could adversely affect our revenues and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and monetary and fiscal policy responses thereto, and their impact on consumer and business behavior; the effects of a Federal government shutdown, debt ceiling standoff, or other fiscal policy uncertainty; credit risks of lending activities, including loan delinquencies, write-offs, changes in our allowance for credit losses (“ACL”), and provision for credit losses; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on our market position, loan, and deposit products; quality and composition of our securities portfolio and the impact of adverse changes in the securities markets; fluctuations in deposits; secondary market conditions for loans and our ability to sell loans in the secondary market; liquidity issues, including our ability to borrow funds or raise additional capital, if necessary; expectations regarding key growth initiatives and strategic priorities; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; results of examinations of us by regulatory authorities, which may result in the possibility that any such regulatory authority may, among other things, institute a formal or informal enforcement action against us or our bank subsidiary which could require us to increase our ACL, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits or impose additional requirements or restrictions on us, any of which could adversely affect our liquidity and earnings; the ability to adapt to rapid technological changes, including advancements in artificial intelligence, digital banking, and cybersecurity; legislative or regulatory changes, including but not limited to shifts in capital requirements, banking regulation, tax laws, or consumer protection laws; use of estimates in determining the fair value of assets, which may prove incorrect; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or attacks; geopolitical developments and international conflicts, including but not limited to tensions or instability in Eastern Europe, the Middle East, and Asia, or the imposition of new or increased tariffs and trade restrictions, which may disrupt financial markets, global supply chains, energy prices, or economic activity in specific industry sectors; staffing fluctuations in response to product demand or corporate implementation strategies; our ability to pay dividends on our common stock; environmental, social and governance goals; effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with and furnished to the Securities and Exchange Commission (“SEC”), which are available on our website at www.myprovident.com and on the SEC’s website at www.sec.gov. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements whether as a result of new information, future events or otherwise. These risks could cause our actual results for fiscal 2027 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of us and could negatively affect our operating and stock price performance.
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2 Market Highlights Provident Financial Holdings, Inc. Nasdaq GS: PROV Share Price: $18.02 52-Week Range: $14.95 - $18.99 Shares Outstanding: 6,197,727 shares Market Capitalization: $111.7 million P/E (ttm): 17.5x Diluted EPS (ttm): $1.03 Annual Dividend & Yield: $0.56 (3.1%) As of September 30, 2026
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Franchise Overview 3 Largest independent community bank headquartered in Riverside County, California Expanding customer base and market 10th largest deposit market share in Riverside County; 2nd largest deposit market share among community banks Provident Bank Offices: Blythe Corona Hemet Moreno Valley Rancho Mirage Redlands Sun City Temecula Riverside: Canyon Crest Home Office Downtown La Sierra Orangecrest
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Operating Expenses and Efficiency Ratio 4 Developments (sequential quarter) Net Interest Income (NII) and Net Interest Margin (NIM) ✓ Net Income decreased approximately 28% ✓ Pre-Provision, Pre-Tax Income increased approximately 4% ✓ $777,000 Provision for Credit Losses vs. $95,000 Recovery of Credit Losses ✓ Net Interest Margin increased 11 basis points to 3.32% ✓ Net Interest Income increased approximately 5% ✓ Non-Interest Income decreased approximately 37% ✓ Operating Expenses decreased approximately 2% Pre-Provision, Pre-Tax Income $8.9 $8.9 $8.9 $9.2 $9.3 $9.8 2.94% 3.00% 3.03% 3.13% 3.21% 3.32% 2.00% 2.50% 3.00% 3.50% 4.00% $5.0 $6.0 $7.0 $8.0 $9.0 $10.0 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 NII (In Millions) NIM $2.1 $2.1 $1.9 $2.2 $2.8 $3.0 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Pre-Provision, Pre-Tax Income (In Millions) $7.6 $7.6 $7.9 $7.6 $7.7 $7.6 60% 65% 70% 75% 80% 85% 90% 95% 100% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Operating Expenses (In Millions) Efficiency Ratio Financial Performance and Ratios
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5 Financial Performance and Ratios Net Income and Earnings Per Share (EPS) Return on Equity (ROE) and Return on Assets (ROA) $1.6 $1.7 $1.4 $1.4 $2.2 $1.6 $0.24 $0.25 $0.22 $0.21 $0.35 $0.25 $- $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 $0.40 $0.0 $1.0 $2.0 $3.0 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Net Income (In Millions) EPS 0.53% 0.55% 0.47% 0.45% 0.73% 0.52% 5.01% 5.17% 4.44% 4.21% 6.85% 4.93% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 ROA ROE
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Balances & Activity 6 Developments (sequential quarter) Loan to Investment Mix Loan Portfolio Mix Portfolio Loan Originations and Loan Principal Payments ✓ Loans Held for Investment increased slightly to $1.04 billion, while the weighted average rate increased 12 basis points to 5.43% at September 30, 2026 ✓ Total Deposits decreased 1% to $897.7 million, while the weighted average rate increased four basis points to 1.47% at September 30, 2026 ✓ Total Borrowings increased 10% to $172.0 million and the weighted average rate increased two basis points to 4.02% at September 30, 2026 ✓ Portfolio Loan Originations decreased slightly (less than 1%) while Loan Principal Payments decreased 6% in the quarter In Millions $1,046 $1,042 $1,038 $1,030 $1,032 $1,037 $111 $105 $100 $95 $91 $85 $600 $700 $800 $900 $1,000 $1,100 $1,200 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 In Millions Loans Held for Investment Investment Securities $29 $30 $42 $44 $46 $45 ($42) ($35) ($47) ($52) ($44) ($41) -60 -40 -20 0 20 40 60 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 In Millions Portfolio Originations Principal Payments $423 $415 $408 $407 $396 $382 $544 $550 $553 $548 $566 $582 $73 $71 $71 $70 $67 $69 $0 $100 $200 $300 $400 $500 $600 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 In Millions Muti-Family Single-Family Commercial Real Estate
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7 Loans Held for Investment (LHI) Composition Balances & Activity Inland Empire (1) 20% Southern California (2) 41% Other California 39% Other States 0% Geographic Location (1) Comprised of Riverside and San Bernardino counties. (2) Other than Inland Empire. Loan Category (Dollar In Millions) Balance as of 09/30/26 Interest Rate Balance as of 09/30/25 Interest Rate Single-Family 582.4$ 4.83% 549.5$ 4.72% Multi-Family 381.6 6.12% 415.2 5.57% Commercial Real Estate 69.1 6.73% 71.0 6.59% Construction - - 0.6 8.15% Other mortgage - - 0.1 5.25% Commercial Business - - 1.3 9.43% Consumer 0.1 16.80% 0.1 17.50% Total Loans Held for Investment 1,033.1$ 5.43% 1,037.8$ 5.20% Advance Payments of Escrows 0.2$ 0.2$ Deferred Loan Costs, net 10.0 9.5 Allowance for Credit Losses (6.6) (5.8) Total Loans Held for Investment, net 1,036.7$ 1,041.8$
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$577 $566 $558 $569 $557 $546 $312 $309 $314 $324 $353 $352 $213 $213 $213 $184 $157 $172 0 6 / 3 0 / 2 5 0 9 / 3 0 / 2 5 1 2 / 3 1 / 2 5 0 3 / 3 1 / 2 6 0 6 / 3 0 / 2 6 0 9 / 3 0 / 2 6 In Millions Transaction Accounts Time Deposits Borrowings 8 Balances & Activity Funding Mix Balances and Cost of Funds Deposit Composition at 09/30/26 Borrowings Maturity Schedule (1) Includes uninsured deposits of approximately $188.6 million (of which, $60.3 million are collateralized) and $169.7 million (of which, $52.4 million are collateralized) at September 30, 2026 and 2025, respectively. (2) The average balance of deposit accounts was approximately $40 thousand and $37 thousand at September 30, 2026 and 2025, respectively. (1) The Bank had approximately $239.1 million and $279.0 million of remaining borrowing capacity at the Federal Home Loan Bank – San Francisco, approximately $175.1 million and $143.3 million of borrowing capacity at the Federal Reserve Bank of San Francisco and $50.0 million and $50.0 million of borrowing capacity with its correspondent bank at September 30, 2026 and 2025, respectively. Checking Accounts - Non Interest-Bearing 10% Checking Accounts - Interest-Bearing 25% Savings Accounts 24% Money Market Accounts 2% Time Deposits 39% Category (Dollar In Millions) At 09/30/2026 Rate At 09/30/2025 Rate Checking Accounts - Non Interest-Bearing 85.4$ - % 79.0$ - % Checking Accounts - Interest-Bearing 222.9 0.05% 234.0 0.05% Savings Accounts 215.7 0.52% 228.6 0.31% Money Market Accounts 21.9 0.58% 24.2 0.47% Time Deposits 351.8 3.38% 309.0 3.42% Total Deposits (1) (2) 897.7$ 1.47% 874.8$ 1.32% Brokered CDs Included in time deposits above 158.0$ 3.94% 123.8$ 4.10% (Dollar In Millions) Remaining Maturity At 09/30/2026 Rate At 09/30/2025 Rate Overnight -$ - 25.0$ 4.49% Three Months or Less 40.0 4.16% 54.0 5.03% Over Three to Six Months 8.0 3.94% 54.0 4.26% Over Six to Twelve Months 79.0 3.75% 45.0 4.66% Over One to Two Years 45.0 4.39% 20.0 4.03% Over Two to Three Years - - 15.1 4.41% Over Three to Four Years - - - - Over Four to Five Years - - - - Over Five Years - - - - Total Borrowings (1) 172.0$ 4.02% 213.1$ 4.55%
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9 Asset Quality Developments Non-Performing Assets (NPA) and NPA Ratio Provision for (Recovery of) Credit Losses Net Charge-Offs (Recoveries) ✓ Non-Performing Assets to Total Assets Ratio was 0.04% at September 30, 2026, unchanged from June 30, 2026 (sequential quarter) ✓ $777,000 Provision for Credit Losses in the quarter ended September 30, 2026 ✓ No REO ✓ Early-Stage Delinquencies remain at very low levels $1.4 $1.9 $1.0 $1.0 $0.5 $0.5 0.11% 0.15% 0.08% 0.08% 0.04% 0.04% $0 $1 $2 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 In Millions NPA NPA to Total Assets Ratio $(164) $(626) $(158) $326 $(95) $777 $(750) $(500) $(250) $- $250 $500 $750 $1,000 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 In Thousands $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 ($1) $0 $1 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 In Millions
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10 Asset Quality Allowance for Credit Losses (ACL) and ACL Ratio ACL Allocation as of 09/30/26 Delinquent and Non-Performing Loans Non-Performing Asset Composition 09/30/26 $6.4 $5.8 $5.6 $5.9 $5.9 $6.6 0.62% 0.56% 0.55% 0.58% 0.57% 0.64% -0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% $0 $2 $4 $6 $8 06/30/2025 09/30/2025 12/31/2025 03/31/2026 06/30/2026 09/30/2026 ACL (In Millions) ACL to LHI Ratio Single-Family 92% Multi-Family 8% Commercial Real Estate 0% Other Loans 0% Single-Family 10% Multi-Family 90% Commercial Real Estate 0% Other Loans 0% Real Estate Owned 0% # of # of # of # of Loans Balance Loans Balance Loans Balance Loans Balance Mortgage Loans: Single-Family - -$ 3 0.1$ - -$ 5 0.6$ Multi-Family - - 1 0.4 - - 2 1.3 Commercial Real Estate - - - - - - - - Construction - - - - - - - - Other - - - - - - - - Commercial Business Loans - - - - - - - - Consumer Loans - - - - - - - - Total - -$ 4 0.5$ - -$ 7 1.9$ At September 30, 2026 At September 30, 2025 (Dollar In Millions) 30 - 89 Days Non-Performing 30 - 89 Days Non-performing
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11 Capital Management Developments Stock Repurchase Activity Bank Capital Ratios ✓ Strong Capital Ratios ✓ 3.1% cash dividend yield, as of September 30, 2026 ✓ Purchased approximately 86,000 shares of common stock in the first quarter of fiscal 2027 ✓ On September 30, 2026 the Bank paid a $13.0 million cash dividend to Provident Financial Holdings, Inc. Outstanding Shares 10.11% 9.55% 9.79% 9.98% 10.30% 9.25% 19.50% 18.19% 18.67% 19.01% 19.41% 17.36% 20.51% 19.09% 19.56% 19.96% 20.34% 18.40% 06/30/25 09/30/25(*) 12/31/25 03/31/26 06/30/26 09/30/26(*) Tier 1 Leverage CET1 and Tier 1 Risk-Based Capital Total Risk-Based Capital 76,104 66,707 96,260 91,532 89,974 86,431 77% 80% 80% 81% 84% 90% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% - 20,000 40,000 60,000 80,000 100,000 120,000 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Stock Repurchase (# of Shares) Stock Price to TBV Ratio 6.58 6.51 6.41 6.32 6.26 6.20 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 In Millions (*) Includes cash dividends from the Bank to the Holding Company of $10.5 million and $13.0 million in September 2025 and 2026, respectively.
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12 Appendix
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Loans by Vintage 13 Single-Family – Loans Held for Investment Commercial RE – Loans Held for Investment Multi-Family – Loans Held for Investment (1) Current loan balance in comparison to the original appraised value. (2) At time of loan origination. (3) Riverside and San Bernardino counties. (4) Other than Inland Empire. (5) Other than Inland Empire and Southern California. (1) Current loan balance in comparison to the original appraised value. (2) At time of loan origination. (3) Riverside and San Bernardino counties. (4) Other than Inland Empire. (5) Other than Inland Empire and Southern California. (1) Current loan balance in comparison to the original appraised value. (2) At time of loan origination. (3) Riverside and San Bernardino counties. (4) Other than Inland Empire. (5) Other than Inland Empire and Southern California. (6) Comprised of the following: $21.5 million in Office; $14.2 million in Mixed Use ($6.2 million in Office/Retail, $5.1 million in Multi-Family/Retail, $382 thousand in Multi- Family/Office, $368 thousand in Multi-Family/Commercial and $2.1 million in Other Mixed Use); $11.6 million in Warehouse; $8.7 million in Retail; $6.0 million in Mobile Home Park; $5.4 million in Medical/Dental Office; $1.2 million in Restaurant/Fast Food; $560 thousand in Automotive – Non-Gasoline. (7) Consisting of $59.4 million or 86.0% in investment properties and $9.7 million or 14.0% in owner occupied properties. 2018 & Prior 2019 2020 2021 2022 2023 2024 2025 2026 YTD TOTAL (6) (7) Loan Balance (In Thousands) $10,182 $3,553 $3,151 $3,350 $22,020 $10,910 $4,933 $5,359 $5,617 $69,075 Weighted Avg. LTV (1) 38% 42% 29% 39% 35% 32% 30% 34% 26% 34% W. Avg. Debt Coverage Ratio (2) 1.75x 1.44x 1.88x 1.87x 1.70x 1.85x 3.14x 1.41x 1.75x 1.82x Weighted Avg. Age (In Years) 10.27 7.25 6.42 5.05 4.24 3.20 2.35 1.16 0.24 4.56 Weighted Avg. FICO (2) 759 749 724 770 774 777 771 765 789 769 Number of Loans 14 5 5 4 27 16 8 10 5 94 Geographic Breakdown (%) Inland Empire (3) 34% 49% 4% 28% 10% 4% 19% 28% 9% 17% Southern California (4) 62% 51% 65% 43% 55% 62% 56% 33% 91% 58% Other California (5) 4% 0% 31% 29% 35% 34% 25% 39% 0% 25% Other States 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Calendar Year of Origination 2018 & Prior 2019 2020 2021 2022 2023 2024 2025 2026 YTD TOTAL Loan Balance (In Thousands) $90,519 $28,729 $32,887 $64,902 $66,348 $18,935 $18,240 $29,512 $31,483 $381,555 Weighted Avg. LTV (1) 38% 39% 46% 46% 43% 35% 38% 54% 46% 43% W. Avg. Debt Coverage Ratio (2) 1.74x 1.64x 1.59x 1.78x 1.58x 1.82x 1.70x 1.40x 1.62x 1.67x Weighted Avg. Age (In Years) 11.17 7.32 6.33 5.24 4.31 3.31 2.21 1.15 0.40 5.78 Weighted Avg. FICO (2) 753 758 764 756 761 765 758 785 766 761 Number of Loans 171 39 36 89 84 28 26 34 34 541 Geographic Breakdown (%) Inland Empire (3) 18% 12% 19% 17% 6% 0% 4% 5% 7% 12% Southern California (4) 56% 74% 61% 40% 63% 57% 44% 52% 53% 55% Other California (5) 26% 14% 20% 43% 31% 43% 52% 43% 40% 33% Other States 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Calendar Year of Origination 2018 & Prior 2019 2020 2021 2022 2023 2024 2025 2026 YTD TOTAL Loan Balance (In Thousands) $32,668 $5,401 $12,597 $129,012 $178,271 $38,154 $26,467 $62,047 $97,825 $582,442 Weighted Avg. LTV (1) 44% 54% 57% 57% 65% 68% 61% 65% 64% 62% Weighted Avg. Age (In Years) 15.19 7.36 6.02 5.21 4.23 3.52 2.06 1.10 0.35 4.00 Weighted Avg. FICO (2) 738 754 752 764 766 770 776 768 773 766 Number of Loans 160 9 20 190 280 51 35 74 118 937 Geographic Breakdown (%) Inland Empire (3) 31% 17% 26% 42% 26% 19% 17% 14% 10% 25% Southern California (4) 54% 68% 26% 17% 32% 41% 34% 37% 29% 31% Other California (5) 15% 15% 48% 41% 42% 40% 49% 49% 61% 44% Other States 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Calendar Year of Origination
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14 Geographic Location - Loans Mortgage Loan Category Inland Empire(1) Southern California(2) Other California Other States Total (Dollars in Millions) Balance Percentage Balance Percentage Balance Percentage Balance Percentage Balance Percentage Single-Family 145.2$ 25% 178.9$ 31% 258.1$ 44% 0.2$ 0% 582.4$ 100% Multi-Family 45.2 12% 210.3 55% 126.1 33% - 0% 381.6 100% Commercial Real Estate 11.8 17% 40.2 58% 17.1 25% - 0% 69.1 100% Construction - 0% - 0% - 0% - 0% - 0% Other - 0% - 0% - 0% - 0% - 0% Total 202.2$ 20% 429.4$ 41% 401.3$ 39% 0.2$ 0% 1,033.1$ 100% (1) Comprised of Riverside and San Bernardino counties. (2) Other than Inland Empire.