Winners of the 2025 American Consumer Awards 'Automotive' Category for New York Announced by American Consumer Assessment Inc.
These awards aim to uphold consumers' fundamental rights by sharing results based on consumer evaluations, providing objective and valuable information, and promoting the qualitative enhancement of consumers' lives.
Evaluations for the 2025 American Consumer Awards 'Automotive' category were conducted from March to June, and we conducted an evaluation through review platforms. The evaluation criteria included facility standards, staff service quality, pricing transparency, accessibility and customer responsiveness. A total of 10 businesses received awards in this category.
Auto repair shop :
BMW of Brooklyn: Service & Parts
East Hills Subaru
Toyota Service Department (115 Frost St. Westbury)
Car dealer :
Major World
Mercedes-Benz Manhattan
Paragon Honda (57-02 Northern Blvd)
West Herr Ford of Hamburg
Car repair and maintenance service :
Fordham Toyota Service & Toyota Parts
Auto parts store :
AutoShack Auto Parts (42832 NY-12)
Auto glass shop :
WindshieldHUB
A spokesperson for the American Consumer Assessment Inc. stated, "The 2025 American Consumer Awards are grounded in evaluations from real consumers, and we hope these results will provide trustworthy information for consumers and contribute to the growth of the Automotive industry. We also believe that these assessments will encourage businesses to prioritize customer satisfaction and continue to offer exceptional service."
Media Contact
Company Name: American Consumer Assessment Inc.
Contact Person: Harvey Reed
Email: Send Email
City: Los Angeles
State: CA
Country: United States
Website: https://www.usa-aca.com/
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CTV News
2 minutes ago
- CTV News
Tariffs threaten Asian beauty product boom in U.S.
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A craze for all-in-one 'BB creams' — a combination of moisturizer, foundation and sunscreen — morphed into a fascination with 10-step rituals and ingredients like snail mucin, heartleaf and rice water. Vehicles and electronics may be South Korea's top exports to the U.S. by value, but the country shipped more skin care and cosmetics to the U.S. than any other last year, according to data from market research company Euromonitor. France, with storied beauty brands like L'Oreal and Chanel, was second, Euromonitor said. Statistics compiled by the U.S. International Trade Commission, an independent federal agency, show the U.S. imported US$1.7 billion worth of South Korean cosmetics in 2024, a 54 per cent increase from a year earlier. 'Korean beauty products not only add a lot of variety and choice for Americans, they really embraced them because they were offering something different for American consumers,' Mary Lovely, a senior fellow at the Peterson Institute for International Economics, said. Along with media offerings such as 'Parasite' and 'Squid Games,' and the popularity of K-pop bands like BTS, K-beauty has helped boost South Korea's profile globally, she said. 'It's all part and parcel really of the same thing,' Lovely said. 'And it can't be completely stopped by a 25% tariff, but it's hard to see how it won't influence how much is sold in the U.S. And I think what we're hearing from producers is that it also really decreases the number of products they want to offer in this market.' Senti Senti, a retailer that sells international beauty products at two New York boutiques and through an e-commerce site, saw a bit of 'panic buying' by customers when Trump first imposed punitive tariffs on goods from specific countries, manager Winnie Zhong said. The rush slowed down after the president paused the new duties for 90 days and hasn't picked up again, Zhong said, even with Trump saying on July 7 that a 25 per cent tax on imports from Japan and South Korea would go into effect on Aug. 1. Japan, the Philippines and Indonesia subsequently reached agreements with the Trump administration that lowered the tariff rates their exported goods faced — in Japan's case, from 25 to 15 per cent — still higher than the current baseline of 10 per cent tariff. But South Korea has yet to clinch an agreement, despite having a free trade agreement since 2012 that allowed cosmetics and most other consumer goods to enter the U.S. tax-free. Since the first store owned by Senti Senti opened 16 years ago, beauty products from Japan and South Korea became more of a focus and now account for 90% the stock. The business hasn't had to pass on any tariff-related costs to customers yet, but that won't be possible if the products are subject to a 25 per cent import tax, Zhong said. 'I'm not really sure where the direction of K-beauty will go to with the tariffs in place, because one of the things with K-beauty or Asian beauty is that it's supposed to be accessible pricing,' she said. Devoted fans of Asian cosmetics will often buy direct from Asia and wait weeks for their packages to arrive because the products typically cost less than they do in American stores. Rather than stocking up on their favorite sunscreens, lip tints and toners, some shoppers are taking a pause due to the tariff uncertainty. Los Angeles resident Jen Chae, a content creator with over 1.2 million YouTube subscribers, has explored Korean and Japanese beauty products and became personally intrigued by Chinese beauty brands over the last year. When the tariffs were first announced, Chae temporarily paused ordering from sites such as a shopping platform owned by an e-commerce company based in Hong Kong. She did not know if she would have to pay customs duties on the products she bought or the ones brands sent to her as a creator. 'I wasn't sure if those would automatically charge the entire package with a blanket tariff cost, or if it was just on certain items,' Chae said. On its website, YesStyle says it will give customers store credit to reimburse them for import charges. At Ohlolly, an online store focused on Korean products, owners Sue Greene and Herra Namhie are taking a similar pause. 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Globe and Mail
12 minutes ago
- Globe and Mail
T1 Energy Strategy Supported by Section 232 Polysilicon and AD/CVD Investigations
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T1 expects to benefit from potential tariffs under this case, which will support the Company's efforts to build a vertically integrated supply chain including the G2_Austin solar cell manufacturing facility. As a Texas-based, NYSE listed, U.S. solar manufacturing leader, T1 has and will continue to actively advocate for strong trade policy, enforcement and remedies that promote the strategic development of the U.S. solar value chain. T1 believes these two trade actions are consistent with the Trump Administration's efforts to safeguard and prioritize American manufacturing. 'It is time to bring back American manufacturing. We're doing that at T1 Energy. The Commerce Department's 232 polysilicon investigation and the Solar 4 AD/CVD case should strengthen our efforts to build an American advanced manufacturing champion. We believe these cases will put the wind at our back and provide the right policy environment to execute our business plan,' said Daniel Barcelo, T1's Chairman of the Board and Chief Executive Officer. T1 Energy plans to develop a domestic solar supply chain are ongoing. They include the operational 5 GW G1_Dallas solar module facility and its current contract to source domestic polysilicon, as well as its planned G2_Austin solar cell facility. T1 Energy plans to actively participate in the development of a federal trade policy that supports the expansion of U.S. energy and advanced manufacturing. About T1 Energy T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe. To learn more about T1, please visit and follow us on social media. Investor contact: Jeffrey Spittel EVP, Investor Relations and Corporate Development Tel: +1 409 599-5706 T1 Media contact: Russell Gold EVP, Strategic Communications Tel: +1 214 616 9715 Cautionary Statement Concerning Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company's expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption 'Risk Factors' in (i) T1's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025; (ii) T1's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed on May 15, 2025; (iii) T1's Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024; and (iv) T1's Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC's website at Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law. T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1's website in the 'Investor Relations' section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1's website and social media channels on a regular basis, in addition to following T1's press releases, SEC filings, and public conference calls and webcasts. The contents of T1's website and its and Daniel Barcelo's social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Globe and Mail
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Provident Financial Holdings Reports Fourth Quarter and Fiscal Year 2025 Results
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The Company reported net income of $1.63 million, or $0.24 per diluted share (on 6.65 million average diluted shares outstanding), for the quarter ended June 30, 2025, down 17 percent from net income of $1.95 million, or $0.28 per diluted share (on 6.89 million average diluted shares outstanding), in the comparable period a year ago. The decrease was due primarily to a $587,000 decrease in non-interest income (primarily attributable to the absence of a $540,000 net unrealized gain on other equity investments recorded in the fourth quarter last year) and a $448,000 increase in non-interest expense (primarily attributable to higher salaries and employee benefits and other operating expenses), partly offset by a $431,000 increase in net interest income and a $152,000 increase in credit loss recoveries. "The operating environment for Provident has improved over the course of fiscal 2025, although an increase in loan prepayments during the June quarter interrupted two consecutive quarters of loan portfolio growth,' stated Donavon P. Ternes, President and Chief Executive Officer of the Company. 'Nonetheless, we have seen meaningful progress this year: our net interest margin has improved, deposit balances have stabilized, borrowings have declined for three consecutive quarters, and credit quality remains strong. We continue to actively repurchase shares under our stock buyback program and have maintained a consistent quarterly cash dividend. As we look ahead to the start of fiscal 2026, we are optimistic about the outlook and anticipate improving fundamentals, supported by stable general economic conditions and the potential return of an upwardly sloping yield curve,' concluded Ternes. 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The average yield on interest-earning assets increased 16 basis points to 4.67 percent in the fourth quarter of fiscal 2025 from 4.51 percent in the same quarter last year, while average funding costs decreased six basis points to 1.91 percent from 1.97 percent, primarily due to lower costs on borrowings and checking/money market deposits. These benefits were partially offset by a two percent decrease in the average balance of interest-earning assets, which totaled $1.21 billion in the fourth quarter of fiscal 2025, down from $1.23 billion in the same quarter last year, primarily due to decreases in investment securities and loans receivable. Interest income on loans receivable increased $276,000, or two percent, to $13.10 million in the fourth quarter of fiscal 2025 from $12.83 million in the same quarter of fiscal 2024. The increase was due to a higher average loan yield, partly offset by a lower average loan balance. 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Total loans originated for investment in the fourth quarter of fiscal 2025 were $29.4 million, up 58 percent from $18.6 million in the same quarter last year, while loan principal payments received in the fourth quarter of fiscal 2025 were $42.0 million, up 37 percent from $30.6 million in the same quarter last year. Interest income from investment securities decreased $56,000, or 11 percent, to $446,000 in the fourth quarter of fiscal 2025 from $502,000 for the same quarter of fiscal 2024. This decrease was attributable to a lower average balance, partly offset by a higher average yield. The average balance of investment securities decreased $21.9 million, or 16 percent, to $113.6 million in the fourth quarter of fiscal 2025 from $135.5 million in the same quarter last year. The decrease in the average balance was due to scheduled principal payments and prepayments of investment securities. The average yield on investment securities increased nine basis points to 1.57 percent in the fourth quarter of fiscal 2025 from 1.48 percent for the same quarter last year. The increase in the average yield was primarily attributable to a lower premium amortization during the current quarter in comparison to the same quarter last year ($80,000 vs. $117,000) due to lower total principal repayments ($5.2 million vs. $5.9 million) and, to a lesser extent, the upward repricing of adjustable-rate mortgage-backed securities. In the fourth quarter of fiscal 2025, the Bank received $209,000 in cash dividends from the Federal Home Loan Bank ('FHLB') – San Francisco stock and other equity investments, unchanged from the same quarter last year, resulting in a lower average yield that was offset by a higher average balance. The average yield decreased 33 basis points to 8.12 percent in the fourth quarter of fiscal 2025 from 8.45 percent in the same quarter last year, while the average balance in the fourth quarter of fiscal 2025 was $10.3 million, up from $9.9 million in the same quarter of fiscal 2024. Interest income from interest-earning deposits, primarily cash deposited at the Federal Reserve Bank ('FRB') of San Francisco, was $342,000 in the fourth quarter of fiscal 2025, down $37,000 or 10 percent from $379,000 in the same quarter of fiscal 2024. The decrease was due to a lower average yield, partly offset by a higher average balance. The average yield earned on interest-earning deposits in the fourth quarter of fiscal 2025 was 4.40 percent, down 99 basis points from 5.39 percent in the same quarter last year. The decrease in the average yield was due to a lower average interest rate on the FRB's reserve balances resulting from decreases in the targeted federal funds rate during the comparable periods. The average balance of the Company's interest-earning deposits increased $2.9 million, or 10 percent, to $30.7 million in the fourth quarter of fiscal 2025 from $27.8 million in the same quarter last year. Interest expense on deposits for the fourth quarter of fiscal 2025 was $2.98 million, an increase of $149,000 or five percent from $2.83 million for the same period last year. The increase was primarily attributable to higher rates paid on deposits, while the average balance remained virtually unchanged. The average cost of deposits was 1.33 percent in the fourth quarter of fiscal 2025, up six basis points from 1.27 percent in the same quarter last year, primarily due to a greater proportion of time deposits, including brokered certificates of deposit which carry higher interest rates. The average balance of deposits remained virtually unchanged at $898.5 million in the fourth quarter of fiscal 2025 from $898.4 million in the same quarter last year. Transaction account balances, or 'core deposits,' decreased $38.0 million, or six percent, to $576.5 million at June 30, 2025 from $614.5 million at June 30, 2024. Time deposits increased $38.4 million, or 14 percent, to $312.3 million at June 30, 2025 from $273.9 million at June 30, 2024, due primarily to growth in retail time deposits. Brokered certificates of deposit totaled $131.0 million at June 30, 2025, down from $131.8 million at June 30, 2024. The weighted average cost of brokered certificates of deposit was 4.24 percent and 5.18 percent (including broker fees) at June 30, 2025 and June 30, 2024, respectively. Interest expense on borrowings, primarily comprised of FHLB advances, decreased $397,000, or 15 percent, to $2.24 million during the fourth quarter of fiscal 2025, compared to $2.63 million for the same period last year. This decrease was due primarily to a $23.0 million, or 11 percent, decrease in average borrowings to $195.8 million, along with a 26-basis point decrease in average borrowing costs to 4.58 percent. At June 30, 2025, the Bank had approximately $282.3 million of remaining borrowing capacity with the FHLB, an additional $142.5 million available through a borrowing facility with the Federal Reserve Bank of San Francisco, and an unused unsecured federal funds borrowing facility of $50.0 million with its correspondent bank. Total available borrowing capacity across all sources was approximately $474.8 million at June 30, 2025. During the fourth quarter of fiscal 2025, the Company recorded a recovery of credit losses totaling $164,000, which included an $11,000 recovery related to unfunded loan commitment reserves. This compares to a $12,000 recovery of credit losses in the same quarter last year and a $391,000 recovery of credit losses in the third quarter of fiscal 2025 (sequential quarter). The recovery of credit losses recorded in the fourth quarter of fiscal 2025 was primarily attributable to the decline in loans held for investment balance and lower historical loss rates, compared to the prior quarter. Non-performing assets, comprised solely of non-accrual loans secured by properties located in California, decreased $1.2 million, or 46 percent, to $1.4 million, representing 0.11 percent of total assets at June 30, 2025, compared to $2.6 million, or 0.20 percent, of total assets at June 30, 2024. At June 30, 2025, non-performing loans were comprised of seven single-family loans and one multi-family loan, compared to 10 single-family loans at June 30, 2024. At both dates, the Bank had no real estate owned and no loans 90 days or more past due that were still accruing interest. Additionally, no loan charge-offs occurred during the quarters ended June 30, 2025 and 2024. Classified assets were $5.0 million at June 30, 2025, consisting of $1.1 million of loans in the special mention category and $3.9 million of loans in the substandard category. Classified assets. This compares to $5.8 million at June 30, 2024 were $5.8 million, consisting of $1.1 million of loans in the special mention category and $4.7 million of loans in the substandard category. The allowance for credit losses on loans held for investment was $6.4 million, or 0.62 percent of gross loans held for investment, at June 30, 2025, down from $7.1 million, or 0.67 percent of gross loans held for investment, at June 30, 2024. The decrease in the allowance for credit losses was due primarily to improved qualitative factors related to the single-family residential collateral and lower historical loss rates. These improvements were partially offset by an increase in the single-family loan portfolio and a longer estimated average life of the loan portfolio, reflecting lower loan prepayment expectations as of June 30, 2025. Management believes, based on currently available information, the allowance for credit losses is sufficient to absorb expected losses inherent in loans held for investment at June 30, 2025. Non-interest income decreased by $587,000, or 40 percent, to $880,000 in the fourth quarter of fiscal 2025 from $1.47 million in the same period last year, due primarily to the absence of a $540,000 net unrealized gain in the prior year's quarter in connection with the VISA share conversion, not replicated this quarter. On a sequential quarter basis, non-interest income decreased $27,000, or three percent, primarily due to small decreases in loan servicing and other fees, deposit account fees and other non-interest income, partly offset by an increase in card and processing fees. Non-interest expense increased $448,000, or six percent, to $7.62 million in the fourth quarter of fiscal 2025 from $7.17 million for the same quarter last year, primarily due to a $352,000 increase in salaries and employee benefits expenses and a $103,000 increase in other operating expenses. The higher salaries and employee benefits expenses were primarily due to increased compensation expenses, a higher accrual for the supplemental executive retirement plan, increased group insurance costs and higher equity incentive expenses, partly offset by a decrease in retirement plan benefit expenses. On a sequential quarter basis, non-interest expense decreased $236,000, or three percent, as compared to $7.86 million in the third quarter of fiscal 2025, due primarily to a $239,000 litigation settlement recorded in the third quarter of fiscal 2025 that did not recur this quarter. The Company's efficiency ratio, defined as non-interest expense divided by the sum of net interest income and non-interest income, in the fourth quarter of fiscal 2025 was 78.06 percent, an increase from 72.31 percent in the same quarter last year and 77.64 percent in the third quarter of fiscal 2025 (sequential quarter), reflecting higher operating costs relative to revenue generation. The Company's provision for income taxes was $680,000 for the fourth quarter of fiscal 2025, down 16 percent from $805,000 in the same quarter last year and down 15 percent from $797,000 for the third quarter of fiscal 2025 (sequential quarter). The decrease during the current quarter compared to both the sequential quarter and same quarter last year was due to a decrease in pre-tax income. The effective tax rate in the fourth quarter of fiscal 2025 was 29.5 percent as compared to 29.2 percent in the same quarter last year and 30.0 percent for the third quarter of fiscal 2025 (sequential quarter). The Company repurchased 76,104 shares of its common stock at an average cost of $15.00 per share during the quarter ended June 30, 2025. In fiscal 2025, the Company repurchased 285,170 shares of its common stock at an average cost of $15.04 per share. As of June 30, 2025, a total of 217,028 shares remained available for future purchase under the Company's current repurchase program. The Bank currently operates 13 retail/business banking offices in Riverside County and San Bernardino County (Inland Empire). The Company will host a conference call for institutional investors and bank analysts on Tuesday, July 29, 2025 at 9:00 a.m. (Pacific) to discuss its financial results. The conference call can be accessed by dialing 1-800-715-9871 and referencing Conference ID number 7361828. An audio replay of the conference call will be available through Tuesday, August 5, 2025 by dialing 1-800-770-2030 and referencing Conference ID number 7361828. For more financial information about the Company please visit the website at and click on the 'Investor Relations' section. Safe-Harbor Statement This press release 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 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 and on the SEC's website at 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 2026 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. June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Assets Cash and cash equivalents $ 53,090 $ 50,915 $ 45,539 $ 48,193 $ 51,376 Investment securities - held to maturity, at cost with no allowance for credit losses 109,399 113,617 118,888 124,268 130,051 Investment securities - available for sale, at fair value 1,607 1,681 1,750 1,809 1,849 Loans held for investment, net of allowance for credit losses of $6,424, $6,577, $6,956, $6,329 and $7,065, respectively; includes $1,018, $1,032, $1,016, $1,082 and $1,047 of loans held at fair value, respectively 1,045,745 1,058,980 1,053,603 1,048,633 1,052,979 Accrued interest receivable 4,215 4,263 4,167 4,287 4,287 FHLB - San Francisco stock and other equity investments, includes $730, $721, $650, $565 and $540 of other equity investments at fair value, respectively 10,298 10,289 10,218 10,133 10,108 Premises and equipment, net 9,324 9,388 9,474 9,615 9,313 Prepaid expenses and other assets 11,935 11,047 11,327 10,442 12,237 Total assets $ 1,245,613 $ 1,260,180 $ 1,254,966 $ 1,257,380 $ 1,272,200 Liabilities and Stockholders' Equity Liabilities: Noninterest-bearing deposits $ 83,566 $ 89,103 $ 85,399 $ 86,458 $ 95,627 Interest-bearing deposits 805,206 812,216 782,116 777,406 792,721 Total deposits 888,772 901,319 867,515 863,864 888,348 Borrowings 213,073 215,580 245,500 249,500 238,500 Accounts payable, accrued interest and other liabilities 15,223 14,406 13,321 14,410 15,411 Total liabilities 1,117,068 1,131,305 1,126,336 1,127,774 1,142,259 Stockholders' equity: Preferred stock, $.01 par value (2,000,000 shares authorized; none issued and outstanding) — — — — — Common stock, $.01 par value; (40,000,000 shares authorized; 18,229,615, 18,229,615, 18,229,615, 18,229,615 and 18,229,615 shares issued respectively; 6,577,718, 6,653,822, 6,705,691, 6,769,247 and 6,847,821 shares outstanding, respectively) 183 183 183 183 183 Additional paid-in capital 99,149 99,096 98,747 98,711 98,532 Retained earnings 212,403 211,701 210,779 210,853 209,914 Treasury stock at cost (11,651,897, 11,575,793, 11,523,924, 11,460,368, and 11,381,794 shares, respectively) (183,207) (182,121) (181,094) (180,155) (178,685) Accumulated other comprehensive income (loss), net of tax 17 16 15 14 (3) Total stockholders' equity 128,545 128,875 128,630 129,606 129,941 Total liabilities and stockholders' equity $ 1,245,613 $ 1,260,180 $ 1,254,966 $ 1,257,380 $ 1,272,200 PROVIDENT FINANCIAL HOLDINGS, INC. Condensed Consolidated Statements of Operations (Unaudited - In Thousands, Except Per Share Information) For the Quarter Ended Fiscal Year Ended June 30, June 30, 2025 2024 2025 2024 Interest income: Loans receivable, net $ 13,102 $ 12,826 $ 52,543 $ 50,194 Investment securities 446 502 1,858 2,060 FHLB - San Francisco stock and other equity investments 209 209 845 802 Interest-earning deposits 342 379 1,378 1,674 Total interest income 14,099 13,916 56,624 54,730 Interest expense: Checking and money market deposits 40 71 190 290 Savings deposits 144 105 500 313 Time deposits 2,798 2,657 10,536 9,063 Borrowings 2,235 2,632 9,929 10,141 Total interest expense 5,217 5,465 21,155 19,807 Net interest income 8,882 8,451 35,469 34,923 Recovery of credit losses (164) (12) (666) (63) Net interest income, after recovery of credit losses 9,046 8,463 36,135 34,986 Non-interest income: Loan servicing and other fees 120 142 419 337 Deposit account fees 256 278 1,112 1,154 Card and processing fees 354 381 1,265 1,384 Other 150 666 735 1,066 Total non-interest income 880 1,467 3,531 3,941 Non-interest expense: Salaries and employee benefits 4,771 4,419 19,006 17,642 Premises and occupancy 886 945 3,634 3,586 Equipment 403 347 1,542 1,309 Professional 355 327 1,579 1,530 Sales and marketing 173 193 714 709 Deposit insurance premiums and regulatory assessments 172 184 740 780 Other 860 757 3,578 2,984 Total non-interest expense 7,620 7,172 30,793 28,540 Income before income taxes 2,306 2,758 8,873 10,387 Provision for income taxes 680 805 2,618 3,036 Net income $ 1,626 $ 1,953 $ 6,255 $ 7,351 Basic earnings per share $ 0.25 $ 0.28 $ 0.93 $ 1.06 Diluted earnings per share $ 0.24 $ 0.28 $ 0.93 $ 1.06 Cash dividends per share $ 0.14 $ 0.14 $ 0.56 $ 0.56 PROVIDENT FINANCIAL HOLDINGS, INC. Condensed Consolidated Statements of Operations – Sequential Quarters (Unaudited – In Thousands, Except Per Share Information) For the Quarter Ended June 30, March 31, December 31, September 30, June 30, 2025 2025 2024 2024 2024 Interest income: Loans receivable, net $ 13,102 $ 13,368 $ 13,050 $ 13,023 $ 12,826 Investment securities 446 459 471 482 502 FHLB - San Francisco stock and other equity investments 209 213 213 210 209 Interest-earning deposits 342 389 287 360 379 Total interest income 14,099 14,429 14,021 14,075 13,916 Interest expense: Checking and money market deposits 40 46 51 53 71 Savings deposits 144 127 117 112 105 Time deposits 2,798 2,573 2,506 2,659 2,657 Borrowings 2,235 2,471 2,588 2,635 2,632 Total interest expense 5,217 5,217 5,262 5,459 5,465 Net interest income 8,882 9,212 8,759 8,616 8,451 (Recovery of) provision for credit losses (164) (391) 586 (697) (12) Net interest income, after (recovery of) provision for credit losses 9,046 9,603 8,173 9,313 8,463 Non-interest income: Loan servicing and other fees 120 135 60 104 142 Deposit account fees 256 276 282 298 278 Card and processing fees 354 291 300 320 381 Other 150 205 203 177 666 Total non-interest income 880 907 845 899 1,467 Non-interest expense: Salaries and employee benefits 4,771 4,776 4,826 4,633 4,419 Premises and occupancy 886 880 917 951 945 Equipment 403 417 379 343 347 Professional 355 386 412 426 327 Sales and marketing 173 181 187 173 193 Deposit insurance premiums and regulatory assessments 172 195 190 183 184 Other 860 1,021 883 814 757 Total non-interest expense 7,620 7,856 7,794 7,523 7,172 Income before income taxes 2,306 2,654 1,224 2,689 2,758 Provision for income taxes 680 797 352 789 805 Net income $ 1,626 $ 1,857 $ 872 $ 1,900 $ 1,953 Basic earnings per share $ 0.25 $ 0.28 $ 0.13 $ 0.28 $ 0.28 Diluted earnings per share $ 0.24 $ 0.28 $ 0.13 $ 0.28 $ 0.28 Cash dividends per share $ 0.14 $ 0.14 $ 0.14 $ 0.14 $ 0.14 PROVIDENT FINANCIAL HOLDINGS, INC. Financial Highlights (Unaudited - Dollars in Thousands, Except Share and Per Share Information) As of and For the Quarter Ended Fiscal Year Ended June 30, June 30, 2025 2024 2025 2024 SELECTED FINANCIAL RATIOS: Return on average assets 0.53 % 0.62 % 0.50 % 0.57 % Return on average stockholders' equity 5.01 % 5.96 % 4.79 % 5.62 % Stockholders' equity to total assets 10.32 % 10.21 % 10.32 % 10.21 % Net interest spread 2.76 % 2.54 % 2.74 % 2.62 % Net interest margin 2.94 % 2.74 % 2.93 % 2.78 % Efficiency ratio 78.06 % 72.31 % 78.96 % 73.44 % Average interest-earning assets to average interest-bearing liabilities 110.41 % 110.40 % 110.38 % 110.28 % SELECTED FINANCIAL DATA: Basic earnings per share $ 0.25 $ 0.28 $ 0.93 $ 1.06 Diluted earnings per share $ 0.24 $ 0.28 $ 0.93 $ 1.06 Book value per share $ 19.54 $ 18.98 $ 19.54 $ 18.98 Shares used for basic EPS computation 6,604,758 6,867,521 6,716,086 6,942,918 Shares used for diluted EPS computation 6,653,214 6,893,813 6,760,962 6,959,143 Total shares issued and outstanding 6,577,718 6,847,821 6,577,718 6,847,821 LOANS ORIGINATED FOR INVESTMENT: Mortgage loans: Single-family $ 18,303 $ 10,862 $ 92,498 $ 40,920 Multi-family 9,343 4,526 25,115 22,112 Commercial real estate 1,017 1,710 3,777 9,757 Construction 725 1,480 725 1,480 Commercial business loans — — 550 1,250 Total loans originated for investment $ 29,388 $ 18,578 $ 122,665 $ 75,519 PROVIDENT FINANCIAL HOLDINGS, INC. Financial Highlights As of and For the Quarter Quarter Quarter Quarter Quarter Ended Ended Ended Ended Ended 06/30/25 03/31/25 12/31/24 09/30/24 06/30/24 SELECTED FINANCIAL RATIOS: Return on average assets 0.53 % 0.59 % 0.28 % 0.61 % 0.62 % Return on average stockholders' equity 5.01 % 5.71 % 2.66 % 5.78 % 5.96 % Stockholders' equity to total assets 10.32 % 10.23 % 10.25 % 10.31 % 10.21 % Net interest spread 2.76 % 2.82 % 2.74 % 2.66 % 2.54 % Net interest margin 2.94 % 3.02 % 2.91 % 2.84 % 2.74 % Efficiency ratio 78.06 % 77.64 % 81.15 % 79.06 % 72.31 % Average interest-earning assets to average interest-bearing liabilities 110.41 % 110.25 % 110.52 % 110.34 % 110.40 % SELECTED FINANCIAL DATA: Basic earnings per share $ 0.25 $ 0.28 $ 0.13 $ 0.28 $ 0.28 Diluted earnings per share $ 0.24 $ 0.28 $ 0.13 $ 0.28 $ 0.28 Book value per share $ 19.54 $ 19.37 $ 19.18 $ 19.15 $ 18.98 Average shares used for basic EPS 6,604,758 6,679,808 6,744,653 6,833,125 6,867,521 Average shares used for diluted EPS 6,653,214 6,732,794 6,792,759 6,863,083 6,893,813 Total shares issued and outstanding 6,577,718 6,653,822 6,705,691 6,769,247 6,847,821 LOANS ORIGINATED FOR INVESTMENT: Mortgage loans: Single-family $ 18,303 $ 22,163 $ 29,583 $ 22,449 $ 10,862 Multi-family 9,343 4,087 6,495 5,190 4,526 Commercial real estate 1,017 1,135 365 1,260 1,710 Construction 725 — — — 1,480 Commercial business loans — 500 — 50 — Total loans originated for investment $ 29,388 $ 27,885 $ 36,443 $ 28,949 $ 18,578 PROVIDENT FINANCIAL HOLDINGS, INC. Financial Highlights (Unaudited - Dollars in Thousands) As of As of As of As of As of 06/30/25 03/31/25 12/31/24 09/30/24 06/30/24 ASSET QUALITY RATIOS AND DELINQUENT LOANS: Recourse reserve for loans sold $ 23 $ 23 $ 23 $ 23 $ 26 Allowance for credit losses on loans held for investment $ 6,424 $ 6,577 $ 6,956 $ 6,329 $ 7,065 Non-performing loans to loans held for investment, net 0.14 % 0.13 % 0.24 % 0.20 % 0.25 % Non-performing assets to total assets 0.11 % 0.11 % 0.20 % 0.17 % 0.20 % Allowance for credit losses on loans to gross loans held for investment 0.62 % 0.62 % 0.66 % 0.61 % 0.67 % Net loan charge-offs (recoveries) to average loans receivable (annualized) — % — % — % — % — % Non-performing loans $ 1,414 $ 1,395 $ 2,530 $ 2,106 $ 2,596 Loans 30 to 89 days delinquent $ 2 $ 199 $ 3 $ 2 $ 1 06/30/25 03/31/25 12/31/24 09/30/24 06/30/24 (Recovery) recourse provision for loans sold $ — $ — $ — $ (3) $ (5) (Recovery of) provision for credit losses $ (164) $ (391) $ 586 $ (697) $ (12) Net loan charge-offs (recoveries) $ — $ — $ — $ — $ — 06/30/2025 03/31/2025 12/31/2024 09/30/2024 06/30/2024 REGULATORY CAPITAL RATIOS (BANK): Tier 1 leverage ratio 10.11 % 9.85 % 9.81 % 9.63 % 10.02 % Common equity tier 1 capital ratio 19.50 % 19.01 % 18.60 % 18.36 % 19.29 % Tier 1 risk-based capital ratio 19.50 % 19.01 % 18.60 % 18.36 % 19.29 % Total risk-based capital ratio 20.51 % 20.03 % 19.67 % 19.35 % 20.38 % As of June 30, 2025 2024 Balance Rate (1) Balance Rate (1) INVESTMENT SECURITIES: Held to maturity (at cost): U.S. SBA securities $ 325 4.85 % $ 455 5.85 % U.S. government sponsored enterprise MBS 104,549 1.60 125,883 1.55 U.S. government sponsored enterprise CMO 4,525 2.72 3,713 2.16 Total investment securities held to maturity $ 109,399 1.66 % $ 130,051 1.58 % Available for sale (at fair value): U.S. government agency MBS $ 1,082 4.90 % $ 1,208 3.89 % U.S. government sponsored enterprise MBS 446 6.66 553 6.59 Private issue CMO 79 5.78 88 6.17 Total investment securities available for sale $ 1,607 5.43 % $ 1,849 4.81 % Total investment securities $ 111,006 1.71 % $ 131,900 1.63 % (1) Weighted-average yield earned on all instruments included in the balance of the respective line item. PROVIDENT FINANCIAL HOLDINGS, INC. Financial Highlights (Unaudited - Dollars in Thousands) As of June 30, 2025 2024 Balance Rate (1) Balance Rate (1) LOANS HELD FOR INVESTMENT: Mortgage loans: Single-family (1 to 4 units) $ 544,425 4.69 % $ 518,091 4.49 % Multi-family (5 or more units) 423,417 5.52 445,182 5.31 Commercial real estate 72,766 6.59 83,349 6.52 Construction 402 9.17 2,692 9.11 Other 89 5.25 95 5.25 Commercial business loans 1,267 9.59 1,372 10.50 Consumer loans 57 17.50 65 18.50 Total loans held for investment, gross 1,042,423 5.16 % 1,050,846 5.02 % Advance payments of escrows 293 102 Deferred loan costs, net 9,453 9,096 Allowance for credit losses on loans (6,424) (7,065) Total loans held for investment, net $ 1,045,745 $ 1,052,979 Purchased loans serviced by others included above $ 1,673 5.72 % $ 1,803 5.73 % (1) Weighted-average yield earned on all instruments included in the balance of the respective line item. As of June 30, 2025 2024 Balance Rate (1) Balance Rate (1) DEPOSITS: Checking accounts – noninterest-bearing $ 83,566 — % $ 95,627 — % Checking accounts – interest-bearing 240,597 0.04 254,624 0.04 Savings accounts 230,610 0.28 238,878 0.18 Money market accounts 21,703 0.32 25,324 0.50 Time deposits 312,296 3.56 273,895 3.93 Total deposits (2)(3) $ 888,772 1.34 % $ 888,348 1.29 % Brokered CDs included in time deposits above $ 130,970 4.24 % $ 131,800 5.18 % BORROWINGS: Overnight $ 20,000 4.64 % $ 20,000 5.65 % Three months or less 5,000 5.33 33,000 5.34 Over three to six months 54,000 5.03 30,000 5.22 Over six months to one year 84,000 4.39 62,500 4.05 Over one year to two years 35,000 4.35 68,000 5.11 Over two years to three years 5,073 4.22 10,000 5.03 Over three years to four years 10,000 4.51 5,000 4.22 Over four years to five years — — 10,000 4.51 Over five years — — — — Total borrowings (4) $ 213,073 4.59 % $ 238,500 4.88 % (1) Weighted-average rate paid on all instruments included in the balance of the respective line item. (2) Includes uninsured deposits of approximately $158.7 million (of which, $54.0 million are collateralized) and $122.7 million (of which, $9.0 million are collateralized) at June 30, 2025 and 2024, respectively. (3) The average balance of deposit accounts was approximately $37 thousand and $34 thousand at June 30, 2025 and 2024, respectively. (4) The Bank had approximately $282.3 million and $261.3 million of remaining borrowing capacity at the FHLB – San Francisco, approximately $142.5 million and $208.6 million of borrowing capacity at the FRB of San Francisco and $50.0 million and $50.0 million of borrowing capacity with its correspondent bank at June 30, 2025 and 2024, respectively. (1) Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item. (2) Includes the average balance of noninterest-bearing checking accounts of $87.5 million and $92.5 million during the quarters ended June 30, 2025 and 2024, respectively. The average balance of uninsured deposits of $125.8 million and $125.5 million in the quarters ended June 30, 2025 and 2024, respectively. Fiscal Year Ended Fiscal Year Ended June 30, 2025 June 30, 2024 Balance Rate (1) Balance Rate (1) SELECTED AVERAGE BALANCE SHEETS: Loans receivable, net $ 1,051,448 5.00 % $ 1,069,616 4.69 % Investment securities 121,399 1.53 144,466 1.43 FHLB - San Francisco stock and other equity investments 10,213 8.27 9,601 8.35 Interest-earning deposits 28,990 4.69 30,610 5.38 Total interest-earning assets $ 1,212,050 4.67 % $ 1,254,293 4.36 % Total assets $ 1,242,402 $ 1,284,948 Deposits (2) $ 881,738 1.27 % $ 916,050 1.06 % Borrowings 216,290 4.59 221,368 4.58 Total interest-bearing liabilities (2) $ 1,098,028 1.93 % $ 1,137,418 1.74 % Total stockholders' equity $ 130,664 $ 130,799 (1) Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item. (2) Includes the average balance of noninterest-bearing checking accounts of $88.2 million and $97.3 million during the fiscal years ended June 30, 2025 and 2024, respectively. The average balance of uninsured deposits of $127.1 million and $135.7 million in the fiscal years ended June 30, 2025 and 2024, respectively. ASSET QUALITY: As of As of As of As of As of 06/30/25 03/31/25 12/31/24 09/30/24 06/30/24 Loans on non-accrual status Mortgage loans: Single-family $ 948 $ 925 $ 2,530 $ 2,106 $ 2,596 Multi-family 466 470 — — — Total 1,414 1,395 2,530 2,106 2,596 Accruing loans past due 90 days or more: — — — — — Total — — — — — Total non-performing loans (1) 1,414 1,395 2,530 2,106 2,596 Real estate owned, net — — — — — Total non-performing assets $ 1,414 $ 1,395 $ 2,530 $ 2,106 $ 2,596 (1) The non-performing loan balances are net of individually evaluated or collectively evaluated allowances, specifically attached to the individual loans.
