RIVERSIDE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) — Provident Monetary Holdings (NASDAQ:), Inc. (Firm), NASDAQ GS: PROV, the holding firm for Provident Financial savings Financial institution, F.S.B., immediately introduced that the Firm’s Board of Administrators licensed the repurchase of as much as 5 % (5%) of the Firm’s widespread inventory, roughly 334,773 shares. Starting on January 24, 2025, the Firm will buy the shares every now and then within the open market or by means of privately negotiated transactions over a one-year interval relying on market circumstances, the capital necessities of the Firm, and out there money that may be allotted to the inventory repurchase program, amongst different issues. Moreover, the September 2023 inventory repurchase program which was prolonged on September 26, 2024 is canceled efficient January 24, 2025. There have been 21,691 remaining shares eligible for repurchase within the September 2023 inventory repurchase program that can not be repurchased.
Protected-Harbor Assertion
Sure issues on this Information Launch might represent forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements might relate to, amongst others, expectations of the enterprise atmosphere through which the Firm operates, projections of future efficiency, perceived alternatives out there, potential future credit score expertise, and statements relating to the Firm’s mission and imaginative and prescient. These forward-looking statements are based mostly upon present administration expectations, and should, subsequently, contain dangers and uncertainties. The Firm’s precise outcomes, efficiency, or achievements might differ materially from these prompt, expressed, or implied by forward-looking statements on account of a variety of things together with, however not restricted to, the final enterprise atmosphere, rates of interest, the California actual property market, aggressive circumstances between banks and non-bank monetary providers suppliers, regulatory modifications, and different dangers detailed within the Firm’s studies filed with the Securities and Change Fee, together with its Annual Report on Kind 10-Okay for the fiscal yr ended June 30, 2024.
Contacts:
Donavon P. Ternes
President and
Chief Govt Officer
Tam B. Nguyen
Senior Vice President and
Chief Monetary Officer
(951) 686-6060
Supply: Provident Monetary Holdings, Inc.
