EXHIBIT 13

2026 Annual Report to Stockholders


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2026 Annual Report


Message From the Chairman

Dear Fellow Shareholders:

I am pleased to forward our Annual Report for fiscal 2026 highlighting our financial results. Last year I noted in the Chairman’s Message that “… the market is expecting the easing of monetary policy to resume later this calendar year but we are cognizant of the weaker employment data that was recently released and its potential downstream impact on the economy. We are also observing some weaknesses in the California real estate market.”  A year later, after three successive quarter-point reductions in the federal funds rate in the latter part of 2025, the Federal Open Market Committee, or FOMC, has held rates steady. At present, the market does not appear to expect additional interest rate cuts for the remainder of this year and possibly into 2027. Indeed, some market observers believe a rate hike is possible later this year. We have also seen an important shift in the bond market. The U.S. Treasury yield curve emerged from its extended inversion and returned to a more normal upward slope. As short-term rates have been anchored by the federal funds rate, longer-term bond yields have been steadily rising, further steepening the yield curve. This movement reflects continued uncertainty regarding inflation, the state of the federal budget deficit and the potential for geopolitical developments to create supply-chain or energy-related pressures.

For banks, a steeper yield curve can be beneficial. A bank’s net interest margin benefits from the widening spread between the cost of deposits and other short-term funding and yields earned on loans. New loans are being originated at higher rates, and adjustable-rate loans are repricing upward. At the same time, higher long-term rates weigh on the real estate market, especially in high cost markets such as California. Mortgage payments become ever more unaffordable for prospective buyers, while many existing homeowners remain locked into mortgages with rates well below current levels. At the current level of mortgage rates, residential purchase and refinancing activities have been curtailed. Even so, California real estate values have been resilient. Prices have generally held up well across the markets we serve, reflecting the underlying strength in the economy and limited housing supply in our local communities.

In this evolving market, one thing remains a constant: we are well positioned, supported by a strong capital position and pristine credit quality. Our long-standing credit culture has served us well and positioned the Company among the top performers across key credit quality metrics. Our goal is to remain good stewards of our capital by executing a strategy of disciplined,

sustainable growth, conservative credit underwriting, and consistent returns of capital to our shareholders.

Fiscal 2026  

Last year, I described that our fiscal 2026 Business Plan reflected measured growth in loans and retail deposits, disciplined control of operating expenses, and sound capital management. Our financial results, described in the following Financial Highlights, reflected improved earnings compared to the prior year, despite a moderate decline in total assets.

During fiscal 2026, as the yield curve normalized, we adjusted our strategy accordingly to support increased loan production. Following a 61 percent increase in loan production during fiscal 2025, we achieved an additional 32 percent increase in loan production in fiscal 2026. However, these production gains were fully offset by higher-than-normal levels of loan prepayments. As a result, our loans held for investment decreased by approximately one percent for the fiscal year. The deposit landscape remained challenging, as competition for deposits continued to be intense. Competitors of all sizes, including large national banks, aggressively marketed promotional deposit rates that remain elevated today, even as the FOMC lowered short-term rates in 2025. We made accommodations, as appropriate, to our pricing based on our evaluation of the customer relationships, while maintaining our pricing discipline, and augmented our funding needs with certificates of deposit and borrowings. Total deposits increased two percent during the fiscal year although transaction accounts declined three percent. Our net interest margin exceeded three percent for the year, reaching 3.09 percent, with the improvement driven primarily by the repricing of Federal Home Loan Bank advances to lower rates as they matured. Despite inflationary pressures, operating expenses increased by less than one percent for the fiscal year. Finally, we recorded no loan charge-offs during fiscal 2026 - our eighth consecutive year without reporting a net charge-off.

Returning capital to our shareholders is a priority. During fiscal 2026, we maintained our quarterly cash dividend of $0.14 per share and increased our share repurchases to approximately 344,000 shares, compared to approximately 285,000 shares in fiscal 2025.

Fiscal 2027

As we look to fiscal 2027, our priorities remain consistent: measured growth in loans and retail deposits; disciplined expense management; and sound capital management. We believe this approach is the


right course in an economy that continues to expand, while recognizing the need to remain cautious amid ongoing market and geopolitical uncertainties. We expect to continue returning capital to shareholders through dividends and share repurchases while maintaining sufficient capital to support our business strategy and withstand potential losses under adverse conditions. We remain committed to single-family residential, multi-family, and commercial real estate mortgage lending as our primary sources of asset growth and our retail branch network will continue to serve as the primary source of the Bank’s funding.

A Final Word

This year, Provident proudly celebrates the 70th anniversary of its founding, serving the great city of Riverside and its surrounding communities. As the largest independent community bank headquartered in Riverside County, I am proud of our distinguished history as a trusted provider of banking services. Just as importantly, I am proud of the commitment demonstrated throughout our organization to strengthen the communities we serve through volunteer service, charitable support and community investment. As we look to the year ahead and beyond,

I want to assure you that the Board, management team and employees of Provident remain dedicated to carrying forward the Company’s reputation and legacy, just as we have since our founding. We will remain true to our community banking roots and focus on serving the families and small businesses of the Inland Empire. That heritage is central to who we are, and we intend to build on it in the years to come.

In closing, I would like to recognize and thank our employees and Directors for their commitment and service to Provident. Their efforts make our success possible. I also extend my sincere appreciation to our customers, shareholders, and the communities we serve for the confidence you place in us. Our continued success depends on the trust you place in Provident, and we are grateful for the opportunity to serve you.

Sincerely,

/s/ Craig G. Blunden

Craig G. Blunden

Chairman of the Board of Directors


Financial Highlights

The following tables set forth information concerning the consolidated financial position and results of operations of the Corporation and its subsidiary at the dates and for the periods indicated.

At or For The Year Ended June 30,

(In Thousands, Except Per Share Information)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

FINANCIAL CONDITION DATA:

  ​ ​ ​

Total assets

$

1,208,161

$

1,245,613

$

1,272,200

$

1,332,948

$

1,187,038

Loans held for investment, net

1,032,682

1,045,745

1,052,979

1,077,629

939,992

Cash and cash equivalents

49,210

53,090

51,376

65,849

23,414

Investment securities

90,523

111,006

131,900

156,492

188,421

Deposits

910,383

888,772

888,348

950,571

955,504

Borrowings

157,046

213,073

238,500

235,009

85,000

Stockholders’ equity

126,220

128,545

129,941

129,687

128,650

Book value per share

20.15

19.54

18.98

18.41

17.66

OPERATING DATA:

  ​

  ​

  ​

  ​

  ​

Interest income

$

55,889

$

56,624

$

54,730

$

45,992

$

34,730

Interest expense

19,561

21,155

19,807

9,007

3,135

Net interest income

36,328

35,469

34,923

36,985

31,595

(Recovery of) provision for credit losses

(553)

(666)

(63)

374

(2,462)

Net interest income after (recovery of) provision for credit losses

36,881

36,135

34,986

36,611

34,057

Loan servicing and other fees

583

419

337

414

1,056

Deposit account fees

1,067

1,112

1,154

1,296

1,302

Card and processing fees

1,203

1,265

1,384

1,525

1,639

Other non-interest income

873

735

1,066

840

719

Operating expenses

30,971

30,793

28,540

28,270

25,915

Income before income taxes

9,636

8,873

10,387

12,416

12,858

Provision for income taxes

2,981

2,618

3,036

3,824

3,765

Net income

$

6,655

$

6,255

$

7,351

$

8,592

$

9,093

Basic earnings per share

$

1.04

$

0.93

$

1.06

$

1.20

$

1.23

Diluted earnings per share

$

1.03

$

0.93

$

1.06

$

1.19

$

1.22

Cash dividend per share

$

0.56

$

0.56

$

0.56

$

0.56

$

0.56


Financial Highlights

At or For The Year Ended June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

KEY OPERATING RATIOS:

  ​ ​ ​

Performance Ratios

Return on average assets

0.55

%  

0.50

%  

0.57

%  

0.68

%  

0.76

%

Return on average stockholders’ equity

5.17

4.79

5.62

6.58

7.14

Interest rate spread

2.91

2.74

2.62

2.92

2.69

Net interest margin

3.09

2.93

2.78

2.99

2.72

Average interest-earning assets to average interest-bearing liabilities

110.61

110.38

110.28

110.27

110.67

Operating expenses as a percentage of average total assets

2.57

2.48

2.22

2.23

2.17

Efficiency ratio(1)

77.32

78.96

73.44

68.85

71.37

Stockholders’ equity to total assets ratio

10.45

10.32

10.21

9.73

10.84

Dividend payout ratio

54.37

60.22

52.83

47.06

45.88

The Bank's Regulatory Capital Ratios

  ​

  ​

  ​

  ​

  ​

Tier 1 leverage capital (to adjusted average assets)

10.30

%  

10.11

%  

10.02

%  

9.59

%  

10.47

%

CET1 capital (to risk-weighted assets)

19.41

19.50

19.29

18.50

19.58

Tier 1 capital (to risk-weighted assets)

19.41

19.50

19.29

18.50

19.58

Total capital (to risk-weighted assets)

20.34

20.51

20.38

19.38

20.47

Asset Quality Ratios

  ​

  ​

  ​

  ​

  ​

Non-performing loans as a percentage of loans held for investment, net

0.05

%  

0.14

%  

0.25

%  

0.12

%  

0.15

%

Non-performing assets as a percentage of total assets

0.04

0.11

0.20

0.10

0.12

Allowance for credit losses as a percentage of gross loans held for investment

0.57

0.62

0.67

0.55

0.59

Net (recoveries) charge-offs to average loans receivable, net

(0.05)

(1)Operating expenses as a percentage of net interest income and non-interest income.


Shareholder Information

ANNUAL MEETING

The annual meeting of shareholders will be held virtually by means of remote communication on Thursday, November 19, 2026 at 11:00 a.m. (Pacific). A formal notice of the meeting, together with a proxy statement and proxy form, will be mailed to shareholders.

CORPORATE OFFICE

Provident Financial Holdings, Inc.

3756 Central Avenue

Riverside, CA 92506

(951) 686-6060

INTERNET ADDRESS

www.myprovident.com

SPECIAL COUNSEL

Breyer & Associates PC

8180 Greensboro Drive, Suite 785

McLean, VA 22102

(703) 883-1100

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Deloitte & Touche LLP

695 Town Center Drive, Suite 1000

Costa Mesa, CA 92626-7188

(714) 436-7100

TRANSFER AGENT

First Class/Registered/Certified Mail:

Computershare Investor Services
P.O. Box 43006
Providence, RI 02940-3006                                     

Courier Services/Overnight:

Computershare Investor Services
150 Royall Street

Canton, MA 02021

MARKET INFORMATION

Provident Financial Holdings, Inc. is traded on the NASDAQ Global Select Market under the symbol PROV.


FINANCIAL INFORMATION

Requests for copies of the Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission should be directed in writing to:

Peter C. Fan

Senior Vice President and Chief Financial Officer

Provident Financial Holdings, Inc.

3756 Central Avenue

Riverside, CA 92506

CORPORATE PROFILE

Provident Financial Holdings, Inc. (the “Corporation”), a Delaware corporation, was organized in January 1996 for the purpose of becoming the holding company for Provident Savings Bank, F.S.B. (the “Bank”) upon the Bank’s conversion from a federal mutual to a federal stock savings bank (“Conversion”). The Conversion was completed on June 27, 1996. The Corporation does not engage in any significant activity other than holding the stock of the Bank. The Bank serves the banking needs of select communities in Riverside and San Bernardino Counties and has mortgage lending operations in California.


Board of Directors and Senior Officers

Board of Directors

  ​ ​ ​

Senior Officers

Craig G. Blunden

Provident Financial Holdings, Inc.

Chairman of the Board of Directors

Provident Financial Holdings, Inc.

Donavon P. Ternes

Provident Savings Bank, F.S.B.

President and Chief Executive Officer

Judy A. Carpenter

Peter C. Fan

Retired Healthcare Executive

Senior Vice President

Chief Financial Officer

Debbi H. Guthrie

Corporate Secretary

Retired Executive

Raincross Hospitality Corporation

Provident Savings Bank, F.S.B.

Brian N. Hawley

Donavon P. Ternes

Chief Executive Officer

President and Chief Executive Officer

Luminex Software, Inc.

Avedis “Avi” Demirdjian

Kathy M. Michalak

Senior Vice President

Former Executive Director

Chief Information Officer

Habitat for Humanity Riverside

Peter C. Fan

Donavon P. Ternes

Senior Vice President

President and Chief Executive Officer

Chief Financial Officer

Provident Financial Holdings, Inc.

Corporate Secretary

Provident Savings Bank, F.S.B.

Glee A. Harris

Matthew E. Webb

President and Chief Executive Officer

Albert A. Webb Associates

Senior Vice President

Human Resources

Robert “Scott” Ritter

Senior Vice President

Single-Family Division

Michael S. Van Stockum

Senior Vice President

Chief Lending Officer

Gwendolyn L. Wertz

Senior Vice President

Retail Banking Division


Provident Locations

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  ​ ​ ​

RETAIL BANKING CENTERS

Blythe

Moreno Valley

350 E. Hobson Way

12460 Heacock Street

Blythe, CA 92225

Moreno Valley, CA 92553

(760) 922-6105

(951) 242-3149

Canyon Crest

Orangecrest

5225 Canyon Crest Drive, Suite 30

19348 Van Buren Boulevard, Suite 119

Riverside, CA 92507

Riverside, CA 92508

(951) 781-8080

(951) 780-7170

Corona

Rancho Mirage

487 Magnolia Avenue, Suite 101

71991 Highway 111

Corona, CA 92879

Ranch Mirage, CA 92270

(951) 270-2926

(760) 340-5644

Downtown Business Center

Redlands

4001 Main Street

125 E. Citrus Avenue

Riverside, CA 92501

Redlands, CA 92373

(951) 682-3272

(909) 793-2992

Hemet

Sun City

1690 E. Florida Avenue

27010 Sun City Boulevard

Hemet, CA 92544

Sun City, CA 92586

(951) 658-7224

(951) 679-2301

Home Office

Temecula

6570 Magnolia Avenue

40705 Winchester Road, Suite 6

Riverside, CA 92506

Temecula, CA 92591

(951) 782-6177

(951) 296-2429

La Sierra

3312 La Sierra Avenue, Suite 105

Riverside, CA 92503

(951) 353-9897

Customer Information 1-800-442-5201 or www.myprovident.com


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Corporate Office

3756 Central Avenue, Riverside, CA 92506

(951) 686-6060

www.myprovident.com

NASDAQ Global Select Market - PROV