Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year

January 25, 2024

https://www.prnewswire.com/news-releases/provident-bancorp-inc-reports-results-for-the-december-31-2023-quarter-and-year-302045220.html

AMESBURY, Mass., Jan. 25, 2024 /PRNewswire/ — Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for BankProv (the “Bank”), reported net income for the quarter ended December 31, 2023 of $2.9 million, or $0.18 per diluted share, compared to $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023, and $2.7 million, or $0.16 per diluted share, for the quarter ended December 31, 2022. The Company reported net income of $11.0 million, or $0.66 per diluted share, for the year ended December 31, 2023. Net loss for the year ended December 31, 2022 was $21.5 million, or ($1.30) per diluted share.

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