Provident Financial (PROV) - 2023 Q2 - Earnings Call Transcript
Provident Financial (PROV)2023-01-31 01:40
New loan production is being originated at higher mortgage interest rates than recent prior quarters and adjusted rate loans in our portfolio are now adjusting to higher interest rates in comparison to their existing interest rates. Also for multifamily and commercial real estate loans, the loans are adjusting above their existing floors. However, many adjustable rate loans in all categories are limited in their upward adjustment by their periodic interest rate caps. All right. Thank you. Well, we look forw ...