Provident Financial Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company's total interest income was $10,365,000 compared to $10,803,000 a year ago. Net interest income was $8,751,000 compared to $9,085,000 a year ago. Net interest income, after recovery for loan losses was $8,762,000 compared to $9,435,000 a year ago. Income before taxes was $1,290,000 compared to $2,599,000 a year ago. Net loss was $777,000 or $0.10 per diluted share compared to net income of $1,504,000 or $0.18 per diluted share a year ago. Loss on average assets was 0.27% compared to return on average assets of 0.50% a year ago. Loss on average stockholders' equity was 2.50% compared to return on average stockholders' equity of 4.53% a year ago. Book value per share was $16.15 compared to $16.75 a year ago.

For the six months, the company's total interest income was $21,110,000 compared to $21,607,000 a year ago. Net interest income was $17,711,000 compared to $18,173,000 a year ago. Net interest income, after recovery for loan losses was $17,711,000 compared to $18,673,000 a year ago. Income before taxes was $857,000 compared to $5,457,000 a year ago. Net loss was $1,002,000 or $0.13 per diluted share compared to net income of $3,098,000 or $0.38 per diluted share a year ago. Loss on average assets was 0.17% compared to return on average assets of 0.51% a year ago. Loss on average stockholders' equity was 1.59% compared to return on average stockholders' equity of 4.66% a year ago.

The estimated combined federal and state statutory tax rates, before discrete items, for the remainder of fiscal 2018 and for fiscal 2019 are as follows. For the third and fourth quarters of fiscal 2018, the company expects federal and state statutory tax rates to be 28.06% and 10.84% respectively

For the fiscal 2019, the company expects federal and state statutory tax rates to be 21.00% and 10.84% respectively.