Provident Financial Holdings to Buyback Up to Approximately 500K Shares

Provident Financial Holdings

today announced that the Company's Board of Directors authorized the repurchase of up to five percent (5%) of the Company's common stock, or approximately 499,905 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 plan, among other considerations. The November 2013 stock repurchase program is effective immediately, since the Company has completed the March 2013 stock repurchase program by purchasing the remaining 209,741 shares during the quarter ending December 31, 2013. On November 25, 2013 there were 9,998,107 shares of common stock outstanding. Safe-Harbor Statement Certain matters in this News 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 others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company's