PROVIDENT FINANCIAL HOLDINGS INC 8-K

What Happened
Provident Financial Holdings, Inc. announced on January 23, 2026 that its Board of Directors authorized a stock repurchase program to buy up to five percent (5%) of the company’s common stock, approximately 318,875 shares. The company said purchases will begin on January 23, 2026 and may be made from time to time in the open market or through privately negotiated transactions over a one‑year period, depending on market conditions, the company’s capital requirements, and available cash. The company also canceled its January 2025 repurchase program effective January 23, 2026; 16,825 shares remained eligible under that prior program and will no longer be repurchased. A news release dated January 22, 2026 announcing the plan was attached to the filing.

Key Details

• Board authorized repurchase size: up to 5% of common stock (≈318,875 shares).
• Repurchase period: begins January 23, 2026 and may run up to one year.
• Purchase methods: open market or privately negotiated transactions, subject to market conditions, capital requirements, and available cash.
• Prior program cancelled: January 2025 repurchase program canceled effective Jan 23, 2026; 16,825 remaining shares will not be repurchased.

Why It Matters
A board‑authorized buyback gives the company flexibility to return capital to shareholders by reducing shares outstanding. Repurchases can, all else equal, lower share count and may increase metrics like earnings per share; however, actual repurchases depend on available cash, capital needs, and market conditions. Investors should note the company replaced the prior January 2025 program with this new one and that the program does not guarantee a specific purchase schedule or amount will be spent.