Provident Financial Holdings announces the extension of the April 2020 Nasdaq share buyback plan: PROV
RIVERSIDE, Calif., April 27, 2021 (GLOBE NEWSWIRE) – Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company of Provident Savings Bank, FSB, today announced that the board of directors of the Company authorized an extension of the April 2020 Share Repurchase Plan (the “Plan”) for a period of one year or until it is completed, whichever occurs first. Currently, 317,108 shares can be purchased under the plan. The Company will purchase the Shares from time to time in the open market or in privately traded transactions depending on market conditions, the Company’s capital needs and available cash available for use in the Buyback Program. actions, among other considerations.
Safe Harbor Declaration
Certain matters contained in this press 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 other things, expectations of the business environment in which the company operates, projections future performance, perceived market opportunities, potential future credit experience, and statements regarding the company’s mission and vision. These forward-looking statements are based on management’s current expectations and may, therefore, involve risks and uncertainties. The actual results, performance or achievements of the Company may differ materially from those suggested, expressed or implied in forward-looking statements due to a wide range of factors, including, but not limited to the general business environment. , interest rates, California real estate market, competitive conditions between banks and non-bank financial service 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, 2020.
Craig G. Blunden
Chief executive officer
Donavon P. Ternes
President, Chief Operating Officer
and financial director