See more : Varia US Properties AG (0RKW.L) Income Statement Analysis – Financial Results
Complete financial analysis of Provident Bancorp, Inc. (PVBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Provident Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Provident Bancorp, Inc. (PVBC)
About Provident Bancorp, Inc.
Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, mortgage warehouse, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit; and invests in securities, and state and municipal bonds. As of December 31, 2021, it operated through its main office and six branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire, as well as two loan production offices located in Boston, Massachusetts, and Ponte Vedra, Florida. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 64.08M | 81.18M | 66.60M | 58.02M | 47.50M | 41.31M | 42.01M | 30.54M | 27.08M | 24.89M | 24.16M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 64.08M | 81.18M | 66.60M | 58.02M | 47.50M | 41.31M | 42.01M | 30.54M | 27.08M | 24.89M | 24.16M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 35.26M | 35.58M | 31.58M | 25.34M | 19.72M | 18.53M | 17.00M | 13.84M | 12.74M | 11.56M | 11.85M |
| Selling & Marketing | 640.00K | 412.00K | 279.00K | 223.00K | 385.00K | 245.00K | 300.00K | 249.00K | 127.00K | 79.00K | 234.00K |
| SG&A | 35.90M | 35.99M | 31.86M | 25.56M | 20.11M | 18.78M | 17.30M | 14.09M | 12.87M | 11.63M | 12.09M |
| Other Expenses | 28.18M | -17.99M | -76.37M | -66.97M | -52.99M | -42.31M | -40.25M | -32.49M | -32.59M | -28.22M | -28.00M |
| Operating Expenses | 64.08M | 5.11M | -44.51M | -41.41M | -32.88M | -23.53M | -22.95M | -18.40M | -19.72M | -16.58M | -15.91M |
| Cost & Expenses | 64.08M | 5.11M | -44.51M | -41.41M | -32.88M | -23.53M | -22.95M | -18.40M | -19.72M | -16.58M | -15.91M |
| Interest Income | 90.30M | 79.33M | 64.80M | 60.40M | 51.54M | 42.34M | 35.78M | 28.89M | 25.45M | 23.31M | 21.64M |
| Interest Expense | 32.13M | 4.30M | 3.37M | 5.93M | 8.15M | 5.21M | 3.73M | 2.79M | 2.17M | 2.29M | 2.63M |
| Depreciation & Amortization | 1.10M | 940.00K | 870.00K | 944.00K | 1.20M | 721.00K | 811.00K | 832.00K | 713.00K | 767.00K | 646.00K |
| EBITDA | 0.00 | -26.16M | 23.12M | 17.70M | 16.01M | 13.48M | 16.14M | 10.20M | 5.90M | 6.78M | 6.27M |
| EBITDA Ratio | 0.00% | -26.50% | 34.70% | 30.28% | 32.32% | 44.78% | 47.30% | 42.50% | 29.81% | 36.46% | 36.80% |
| Operating Income | 0.00 | -22.96M | 22.09M | 16.61M | 14.62M | 17.78M | 19.06M | 12.15M | 7.36M | 8.31M | 8.24M |
| Operating Income Ratio | 0.00% | -28.28% | 33.17% | 28.63% | 30.78% | 43.03% | 45.37% | 39.78% | 27.17% | 33.37% | 34.13% |
| Total Other Income/Expenses | 14.78M | -8.69M | -4.11M | -6.53M | -3.74M | -3.51M | -3.37M | -3.09M | -5.60M | -3.53M | -3.42M |
| Income Before Tax | 14.78M | -27.26M | 22.09M | 16.61M | 14.62M | 12.56M | 15.33M | 9.36M | 5.19M | 6.02M | 5.62M |
| Income Before Tax Ratio | 23.06% | -33.58% | 33.17% | 28.63% | 30.78% | 30.41% | 36.50% | 30.66% | 19.17% | 24.17% | 23.26% |
| Income Tax Expense | 3.82M | -5.79M | 5.95M | 4.63M | 3.81M | 3.24M | 7.42M | 3.03M | 1.37M | 1.45M | 1.61M |
| Net Income | 10.95M | -21.47M | 16.14M | 11.99M | 10.81M | 9.33M | 7.92M | 6.34M | 3.82M | 4.56M | 4.01M |
| Net Income Ratio | 17.09% | -26.45% | 24.23% | 20.66% | 22.75% | 22.58% | 18.84% | 20.75% | 14.12% | 18.33% | 16.61% |
| EPS | 0.66 | -1.30 | 0.96 | 0.66 | 0.60 | 0.50 | 0.86 | 0.69 | 0.38 | 0.46 | 0.40 |
| EPS Diluted | 0.66 | -1.30 | 0.93 | 0.66 | 0.60 | 0.50 | 0.86 | 0.69 | 0.38 | 0.46 | 0.40 |
| Weighted Avg Shares Out | 16.59M | 16.48M | 16.77M | 18.09M | 17.96M | 18.68M | 9.20M | 9.18M | 9.17M | 9.50M | 9.50M |
| Weighted Avg Shares Out (Dil) | 16.59M | 16.48M | 17.30M | 18.13M | 18.07M | 18.81M | 9.20M | 9.18M | 9.50M | 9.50M | 9.50M |
Provident Bancorp, Inc. Reports Earnings for the June 30, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share
AMESBURY, Mass., July 29, 2021 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for The Provident Bank (the "Bank"), reported net income for the three months ended June 30, 2021 of $3.2 million, or $0.18 per diluted...
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AMESBURY, Mass., July 22, 2021 /PRNewswire/ -- BankProv, an innovative, commercial bank that finds solutions for business and private clients, has built a series of industry-leading APIs, inclusive of the new ProvXchangeTM network for 24/7, client to client, real-time transfers.
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Provident Bancorp, Inc. Reports Earnings for the March 31, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share
AMESBURY, Mass., April 22, 2021 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended March 31, 2021 of $4.3 million, or $0.24...
Provident Bancorp Sees Its Composite Rating Rise To 96
Provident Bancorp saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96. The post Provident Bancorp Sees Its Composite Rating Rise To 96 appeared first on Investor's Business Daily.
Provident Bancorp, Inc. Adopts Stock Repurchase Program
AMESBURY, Mass., March 12, 2021 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for The Provident Bank (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program.
Provident Bancorp, Inc. Reports Earnings for the December 31, 2020 Quarter and Year and Continues Payment of Quarterly Cash Dividends of $0.03 per Share
AMESBURY, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended December 31, 2020 of $4.3 million, or $0.24...
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UBS Group AG Reduces Stock Holdings in Provident Bancorp Inc (NASDAQ:PVBC)
UBS Group AG trimmed its position in Provident Bancorp Inc (NASDAQ:PVBC) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,240 shares of the bank’s stock after selling 7,968...
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Category: Stock Reports