reports
Provident Bancorp, Inc. Reports Earnings for the March 31, 2021 Quarte...
Provident Bancorp, Inc. Reports Earnings for the March 31, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share AMESBURY, Mass., April 22, 2021 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended March 31, 2021 of $4.3 million, or $0.24 per diluted share, compared to $1.2 million, or $0.07 per diluted share, for the three months ended March 31, 2020. The increase in net income is primarily attributable to the impact COVID-19 had on ...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2020 Qua...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2020 Quarter and Year and Continues Payment of Quarterly Cash Dividends of $0.03 per Share AMESBURY, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended December 31, 2020 of $4.3 million, or $0.24 per diluted share, compared to $2.6 million, or $0.14 per diluted share, for the three months ended December 31, 2019. Net income for the year ended December 31, 2020 was $12.0 million,...
Provident Bancorp, Inc. Reports Earnings for the September 30, 2020 Qu...
Provident Bancorp, Inc. Reports Earnings for the September 30, 2020 Quarter and Continues Payment of Quarterly Cash Dividends of $0.03 per Share AMESBURY, Mass., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended September 30, 2020 of $3.2 million, or $0.18 per diluted share, compared to $3.5 million, or $0.19 per diluted share, for the three months ended September 30, 2019. Net income for the nine months ended September 30, 2020 was $7.7 million...
Provident Bancorp, Inc. Reports Earnings for the June 30, 2020 Quarte...
Provident Bancorp, Inc. Reports Earnings for the June 30, 2020 Quarter and Initiates Payment of Quarterly Cash Dividends of $0.03 per Share AMESBURY, Mass., July 17, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended June 30, 2020 of $3.3 million, or $0.18 per diluted share, compared to $2.5 million, or $0.13 per diluted share, for the three months ended June 30, 2019. Net income for the six months ended June 30, 2020 was $4.5 million, or $0.25 per dilute...
Provident Bancorp, Inc. Reports Earnings for the March 31, 2020 Quarte...
Provident Bancorp, Inc. Reports Earnings for the March 31, 2020 Quarter AMESBURY, Mass., May 08, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended March 31, 2020 of $1.2 million, or $0.07 per diluted share, compared to $2.2 million, or $0.12 per diluted share, for the three months ended March 31, 2019. As a result of the completion of the second-step conversion and related stock offering in October 2019, all historical share and per share information has...
Provident Bancorp, Inc. Initiates Payment of Quarterly Cash Dividends ...
Provident Bancorp, Inc. Initiates Payment of Quarterly Cash Dividends of $0.03 per Share and Announces Date of 2020 Annual Meeting of Stockholders AMESBURY, Mass., April 17, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (Nasdaq:PVBC), the holding company for The Provident Bank (the “Bank”), announced that the Company has initiated the payment of quarterly cash dividends. The initial dividend of $0.03 per share will be paid on May 14, 2020 to stockholders of record as of April 30, 2020. This is the Company’s first dividend since completing its mutual-to-stock conversio...
Provident Bancorp, Inc. Initiates Payment of Quarterly Cash Dividends ...
Provident Bancorp, Inc. Initiates Payment of Quarterly Cash Dividends and Announces Date of 2020 Annual Meeting of Stockholders AMESBURY, Mass., April 16, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (Nasdaq:PVBC), the holding company for The Provident Bank (the “Bank”), announced today that the Company has initiated the payment of quarterly cash dividends. The initial dividend will be paid on May 14, 2020 to stockholders of record as of April 30, 2020. This is the Company’s first dividend since completing its mutual-to-stock conversion and related stock offering in ...
PROVIDENT BANCORP, INC. ANNOUNCES INTENTION TO PAY QUARTERLY CASH DIVI...
PROVIDENT BANCORP, INC. ANNOUNCES INTENTION TO PAY QUARTERLY CASH DIVIDENDS AND TO ADOPT STOCK REPURCHASE PROGRAM AMESBURY, Mass., March 12, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (Nasdaq:PVBC), the holding company for The Provident Bank (the “Bank”), announced today that the Company intends to initiate a quarterly dividend policy and will request the non-objection of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) for a quarterly dividend of up to $0.03 per share, payable during the second quarter of 2020. The Company also announce...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2019 Qua...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2019 Quarter and Year AMESBURY, Mass., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended December 31, 2019 of $2.6 million, or $0.14 per diluted share, compared to $2.8 million, or $0.15 per diluted share, for the three months ended December 31, 2018. Net income for the year ended December 31, 2019 was $10.8 million, or $0.60 per diluted share, compared to $9.3 million, or $0.50 per d...
The Provident Bank Acquires ResX Warehouse Lending Portfolio
The Provident Bank Acquires ResX Warehouse Lending Portfolio PORTSMOUTH, N.H., Jan. 22, 2020 (GLOBE NEWSWIRE) -- The Provident Bank has entered the Warehouse Lending business by acquiring United Bank's legacy ResX Warehouse Lending portfolio from People's United Bank, N.A. on January 17, 2020. “The expertise and leadership of the ResX team provided us an opportunity to obtain a portfolio that is immediately accretive to earnings,” said David Mansfield, CEO of The Provident Bank. “The warehouse lending business is a niche business that parallels our strategy of engaging in specialized bus...
Provident Bancorp, Inc. Reports Earnings for the September 30, 2019 Q...
Provident Bancorp, Inc. Reports Earnings for the September 30, 2019 Quarter AMESBURY, Mass., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended September 30, 2019 of $3.5 million, or $0.37 per diluted share, compared to $2.1 million, or $0.22 per diluted share, for the three months ended September 30, 2018. Net income for the nine months ended September 30, 2019 was $8.3 million, or $0.88 per diluted share, compared to $6.5 million, or $0.70 per ...
Provident Bancorp, Inc. Announces Completion of Stock Offering and Rel...
Provident Bancorp, Inc. Announces Completion of Stock Offering and Related Conversion AMESBURY, Mass., Oct. 16, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) announced today that Provident Bancorp (the “MHC”) has completed its conversion from the mutual holding company to the stock holding company form of organization (the “Conversion”) and the Company has completed it related stock offering. As a result of the closing of the Conversion, the Company is now the holding company of The Provident Bank (the “Bank”). The MHC and the Bank’s previous mid-tier holding company, a...
Provident Bancorp, Inc. Announces Results of Stock Offering and Expect...
Provident Bancorp, Inc. Announces Results of Stock Offering and Expected Closing Date AMESBURY, Mass., Oct. 11, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that it has received all required regulatory approvals for the conversion of Provident Bancorp (the “MHC”) from the mutual holding company to the stock holding company form of organization (the “Conversion”). The closing of the Conversion and the related subscription and community offerings is expected to occur at the close of business on October 16...
Provident Bancorp, Inc. Ends Community Offering
Provident Bancorp, Inc. Ends Community Offering AMESBURY, Mass., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that Provident Bancorp, Inc., a newly formed Maryland corporation (“New Provident”) that is the proposed successor holding company for The Provident Bank, has ended its community stock offering in connection with the Company’s previously announced plans to become a fully public company. The completion of the conversion and offering remains subject to the receipt of all regulatory a...
Provident Bancorp, Inc. to Commence Community Offering
Provident Bancorp, Inc. to Commence Community Offering AMESBURY, Mass., Sept. 12, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that Provident Bancorp, Inc., a newly formed Maryland corporation (“New Provident”) that is the proposed successor holding company for The Provident Bank, has concluded its subscription offering and is commencing its community offering as part of the stock offering in connection with the Company’s previously announced plans to become a fully public company. The community offerin...
Provident Bancorp, Inc. Announces Commencement of Stock Offering
Provident Bancorp, Inc. Announces Commencement of Stock Offering AMESBURY, Mass., Aug. 16, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank (the “Bank”), announced today that Provident Bancorp, Inc., a newly formed Maryland corporation that is the proposed successor holding company of the Bank (“New Provident”), is commencing its stock offering in connection with the proposed conversion of Provident Bancorp from the mutual holding company structure to the stock holding company form of organization. New Provident is offering...
Provident Bancorp, Inc. Reports Earnings for the June 30, 2019 Quarter
Provident Bancorp, Inc. Reports Earnings for the June 30, 2019 Quarter AMESBURY, Mass., July 19, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended June 30, 2019 of $2.5 million, or $0.27 per diluted share, compared to $2.4 million, or $0.26 per diluted share, for the three months ended June 30, 2018. Net income for the six months ended June 30, 2019 was $4.7 million, or $0.51 per diluted share, compared to $4.4 million, or $0.47 per diluted share, for th...
Provident Bancorp, Inc. Announces Adoption of Plan of Conversion for S...
Provident Bancorp, Inc. Announces Adoption of Plan of Conversion for Second-Step Stock Offering AMESBURY, Mass., June 05, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (Nasdaq:PVBC), the holding company for The Provident Bank (the “Bank”), announced today that its Board of Directors, together with the Board of Trustees of Provident Bancorp (the “MHC”), has adopted a Plan of Conversion. Pursuant to the Plan of Conversion, the Company will reorganize into a new fully public stock holding company structure and will conduct a second-step stock offering of new shares o...
Provident Bancorp, Inc. Reports Earnings for the March 31, 2019 Quarte...
Provident Bancorp, Inc. Reports Earnings for the March 31, 2019 Quarter AMESBURY, Mass., April 18, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended March 31, 2019 of $2.2 million, or $0.24 per diluted share, compared to $2.0 million, or $0.22 per diluted share, for the three months ended March 31, 2018. Dave Mansfield, Chief Executive Officer said, “I am pleased with our first quarter results. Loan growth remains strong, and ongoing efforts to implemen...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2018 Qua...
Provident Bancorp, Inc. Reports Earnings for the December 31, 2018 Quarter and Year AMESBURY, Mass., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended December 31, 2018 of $2.8 million, or $0.30 per diluted share, compared to $1.7 million, or $0.19 per diluted share, for the three months ended December 31, 2017. Net income for the year ended December 31, 2018 was $9.3 million, or $1.00 per diluted share, compared to $7.9 million, or $0.86 per di...
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