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

Provided By PR Newswire

Last update: Jul 27, 2023

AMESBURY, Mass., July 27, 2023 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended June 30, 2023 of $3.5 million, or $0.21 per diluted share, compared to $2.1 million, or $0.13 per diluted share, for the quarter ended March 31, 2023, and $5.6 million, or $0.33 per diluted share, for the quarter ended June 30, 2022. Net income for the six months ended June 30, 2023 was $5.6 million, or $0.34 per diluted share, compared to $11.1 million, or $0.66 per diluted share, for the six months ended June 30, 2022.