Provident Bancorp: 1Q Earnings Snapshot
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.