Provident Financial Expects December 2026 Loan Originations of $29 Million to $46 Million

CEO Donavon Ternes said on Oct. 28 that Provident expects December-quarter originations to stay between $29 million and $46 million, consistent with recent quarters. President and CEO Donavon Ternes gave the outlook during the company’s Oct. 28 investor call. “Despite the volatility in the market, our loan pipeline has remained stable,” Ternes said. September-quarter originations of loans held for investment totaled $45.4 million, down from $46.4 million in June. Principal payments and payoffs totaled $40.8 million, down 6% from $43.5 million in the preceding quarter.

Source: TokenPost