Provident Bancorp, Inc. Reports Results for the September 30, 2023 Quarter

AMESBURY, Mass., Oct. 26, 2023 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended September 30, 2023 of $2.5 million, or $0.15 per diluted share, compared to $3.5 million, or $0.21 per diluted share, for the quarter ended June 30, 2023. The Company reported a net loss of $35.3 million, or ($2.15) per diluted share, for the quarter ended September 30, 2022. Net income for the nine months ended September 30, 2023 was $8.0 million, or $0.48 per diluted share, compared to a net loss of $24.2 million, or ($1.47) per diluted share, for the nine months ended September 30, 2022.

Read more at prnewswire.com