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Provident Bancorp: 1Q Earnings Snapshot

May 8, 2020 GMT

AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Friday reported first-quarter profit of $1.2 million.

The bank, based in Amesbury, Massachusetts, said it had earnings of 7 cents per share.

The bank holding company posted revenue of $15.1 million in the period. Its revenue net of interest expense was $13.1 million, which beat Street forecasts.

Provident Bancorp shares have decreased 28% since the beginning of the year. In the final minutes of trading on Friday, shares hit $8.95, a decrease of 22% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVBC at https://www.zacks.com/ap/PVBC

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