SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(D) of
The Securities Exchange Act of 1934
January 30, 2001
(Date of Report - Date of Earliest Event Reported)
Provident Financial Group, Inc.
(Exact Name of Registrant as Specified in Charter)
Ohio
(State or Other Jurisdiction of Incorporation)
1-8019
(Commission File Number)
31-0982792
(IRS Employer Identification Number)
One East Fourth Street, Cincinnati, Ohio 45202
(Address of Principal Executive Offices) (Zip Code)
1-800-851-9521 or 513-345-7102
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events.
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Provident reaffirms year-end 2001 earnings range and provides guidance
on quarterly earnings pattern.
Year 2001 Target
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As previously announced, Provident currently expects earnings per share
in 2001 to fall within the range of $2.75 - $2.85
Quarterly Earnings Pattern for 2001
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In conjunction with the Company's mid-August 2000 decision to eliminate
gain on sale accounting, the slope of the quarterly earnings per share
pattern is somewhat steeper than previous years. In addition, as
previously announced, the Company expects credit losses of about 70
basis points of average loans and the maintenance of its reserve to
loan ratio of 1.70% for the full year 2001. With all of these factors
considered, we are targeting our first quarter earnings per share to
fall within the range of $.50 - $.55 cents per share.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Provident Financial Group, Inc.
Date: January 30, 2001 /s/ Christopher J. Carey
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Christopher J. Carey
Executive Vice President and
Chief Financial Officer
