Provident Bancorp, Inc. (PVBC)

Provident Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	81.64	79.47	77.25	63.87	59.39	49.69
Interest Income on Investments	8.27	10.83	2.07	0.93	1.01	1.85
Total Interest Income	89.9	90.3	79.33	64.8	60.4	51.54
Interest Paid on Deposits	37.92	30.59	3.58	3.09	5.2	6.26
Interest Paid on Borrowings	1.57	1.54	0.72	0.29	0.73	1.89
Total Interest Expense	39.49	32.13	4.3	3.37	5.93	8.15
Net Interest Income	50.41	58.17	75.03	61.43	54.47	43.39
Net Interest Income Growth (YoY)	-20.42%	-22.47%	22.13%	12.78%	25.54%	16.87%
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.11
Other Non-Interest Income	2.98	3.4	2.95	2.59	2.21	2.55
Total Non-Interest Income	6.14	7.06	6.15	4.47	3.54	4.11
Non-Interest Income Growth (YoY)	-15.29%	14.83%	37.62%	26.11%	-13.82%	-1.60%
Revenues Before Loan Losses	56.56	65.23	81.18	65.9	58.02	47.5
Provision for Loan Losses	1.34	-0.68	56.43	3.89	5.6	5.33
Revenue	55.22	65.91	24.75	62.01	52.42	42.18
Revenue Growth (YoY)	-22.29%	166.29%	-60.09%	18.31%	24.29%	11.06%
Salaries and Employee Benefits	28.65	30.48	30.44	27.37	22.33	17.17
Occupancy Expenses	-	-	-	-	-	1.59
Federal Deposit Insurance	1.36	1.51	1.02	0.48	0.42	0.2
Amortization of Goodwill & Intangibles	2.34	2.01	1.45	1.01	0.96	0.73
Selling, General & Administrative	10.55	10.78	11.08	8.29	6.94	5.05
Other Non-Interest Expense	5.37	6.35	8.01	2.76	4.66	2.8
Total Non-Interest Expense	48.27	51.13	52.01	39.92	35.31	27.56
EBT Excluding Unusual Items	6.95	14.78	-27.26	22.09	17.11	14.62
Other Unusual Items	-	-	-	-	-0.5	-
Pretax Income	6.95	14.78	-27.26	22.09	16.61	14.62
Income Tax Expense	1.64	3.82	-5.79	5.95	4.63	3.81
Net Income	5.31	10.95	-21.47	16.14	11.99	10.81
Net Income to Common	5.31	10.95	-21.47	16.14	11.99	10.81
Net Income Growth	-50.47%	-	-	34.66%	10.89%	15.90%
Basic Shares Outstanding	17	17	16	17	18	18
Diluted Shares Outstanding	17	17	16	17	18	18
Shares Change (YoY)	1.10%	0.68%	-4.74%	-4.57%	0.35%	-3.95%
EPS (Basic)	0.32	0.66	-1.30	0.96	0.66	0.60
EPS (Diluted)	0.32	0.66	-1.30	0.93	0.66	0.60
EPS Growth	-50.89%	-	-	40.91%	10.00%	21.03%
Dividend Per Share	-	-	0.120	0.150	0.090	-
Dividend Growth	-	-	-20.00%	66.67%	-	-
Effective Tax Rate	23.55%	25.87%	-	26.95%	27.84%	26.07%

Source: S&P Capital IQ. Banks template. Financial Sources.