| Provident Bancorp, Inc. Reports Results for the March 31, 2025 Quarter |
AMESBURY, Mass. , April 25, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2025 of $2.2 million, or $0.13 per diluted share, compared to $4.9 million, or $0.29 per diluted share, for the quarter ended December 31, 2024, and $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024. |
prnewswire.com |
2025-04-25 20:15:00 |
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| What Makes Provident Bancorp (PVBC) a New Strong Buy Stock |
Provident Bancorp (PVBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). |
zacks.com |
2025-03-07 15:06:22 |
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| Provident Bancorp, Inc. Reports Fourth Quarter Net Income of $4.9 Million |
AMESBURY, Mass. , Jan. 23, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2024 of $4.9 million, or $0.29 per diluted share, compared to net income of $716,000, or $0.04 per diluted share, for the quarter ended September 30, 2024, and net income of $2.9 million, or $0.18 per diluted share, for the quarter ended December 31, 2023. |
prnewswire.com |
2025-01-23 18:15:00 |
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| Provident Bancorp, Inc. Adopts Stock Repurchase Program |
AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. |
prnewswire.com |
2024-12-02 18:30:00 |
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| Provident Bancorp, Inc. Reports Results for the September 30, 2024 Quarter |
AMESBURY, Mass. , Oct. 24, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended September 30, 2024 of $716,000, or $0.04 per diluted share, compared to a net loss of $3.3 million, or $0.20 per diluted share, for the quarter ended June 30, 2024, and net income of $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023. |
prnewswire.com |
2024-10-24 21:51:00 |
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| BankProv's Joel Gianninoto Named New Hampshire Banker of the Year by Bay Colony |
AMESBURY, Mass. , Aug. 14, 2024 /PRNewswire/ -- BankProv—widely recognized in the commercial banking sector for its devotion to empowering local businesses and its expertise in delivering innovative banking services—is proud to announce that Joel Gianninoto, Vice President, Team Leader Business Banking, has been honored as New Hampshire Banker of the Year by Bay Colony Development Corp. This prestigious recognition celebrates Joel's outstanding contributions to the banking industry and his dedication to fostering business growth in New Hampshire. |
prnewswire.com |
2024-08-14 20:30:00 |
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| Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter |
AMESBURY, Mass. , July 29, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported a net loss for the quarter ended June 30, 2024 of $3.3 million, or a loss of $0.20 per diluted share, compared to net income of $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024, and net income of $3.5 million, or $0.21 per diluted share, for the quarter ended June 30, 2023. |
prnewswire.com |
2024-07-29 20:30:00 |
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| Provident Bancorp (PVBC) Is Up 10.63% in One Week: What You Should Know |
Does Provident Bancorp (PVBC) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-07-17 17:00:40 |
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| Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer |
AMESBURY, Mass. , May 7, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) (the "Company"), the holding company for BankProv (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank. |
prnewswire.com |
2024-05-07 20:15:00 |
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| Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million |
AMESBURY, Mass. , April 25, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2024 of $5.0 million, or $0.30 per diluted share, compared to $2.9 million, or $0.18 per diluted share, for the quarter ended December 31,2023 and $2.1 million, or $0.13 per diluted share, for the quarter ended March 31, 2023. |
prnewswire.com |
2024-04-25 20:05:00 |
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| Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors |
AMESBURY, Mass. , Feb. 16, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), is pleased to announce the appointment of Julienne Cassarino to its Board of Directors, as well as the Board of Directors of its operating subsidiary, BankProv, a future-ready commercial bank that offers technology-driven banking solutions to its clients. |
prnewswire.com |
2024-02-16 18:05:00 |
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| BankProv Welcomes Sandra Ennin as VP, Business Banking Officer |
AMESBURY, Mass. , Jan. 31, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Sandra Ennin to the organization as Vice President (VP), Business Banking Officer. |
prnewswire.com |
2024-01-31 12:00:00 |
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| Provident Bancorp, Inc. Appoints Dennis Pollack to Board of Directors |
PORTSMOUTH, N.H. , Jan. 26, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) is pleased to announce the appointment of Dennis Pollack to its Board of Directors as well as to the Board of Directors of its operating subsidiary, BankProv, a future-ready commercial bank that offers technology-driven banking solutions to its clients. |
prnewswire.com |
2024-01-26 19:10:00 |
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| Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year |
AMESBURY, Mass. , Jan. 25, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2023 of $2.9 million, or $0.18 per diluted share, compared to $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023, and $2.7 million, or $0.16 per diluted share, for the quarter ended December 31, 2022. |
prnewswire.com |
2024-01-25 19:35:00 |
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| BankProv Welcomes Curt Murray as AVP, Business Banking Officer |
PORTSMOUTH, N.H. , Jan. 9, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Curt Murray to its team in the role of Assistant Vice President (AVP), Business Banking Officer. |
prnewswire.com |
2024-01-09 14:00:00 |
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| 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. |
prnewswire.com |
2023-10-26 20:45:00 |
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| BankProv Adds Business Banking Expert To Support New Clients |
AMESBURY, Mass. , Aug. 25, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Tricia Abood to the organization as Vice President, Business Development Officer. |
prnewswire.com |
2023-08-25 17:00:00 |
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| Provident Bancorp, Inc. Reports Results for the June 30, 2023 Quarter |
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. |
prnewswire.com |
2023-07-27 21:40:00 |
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| Provident Bancorp: An Interesting Bank That Has Managed To Grow During Recent Turmoil |
Provident Bancorp is a small bank with a market capitalization of $143 million, specializing in technology-first banking solutions for corporate clients. Despite a net loss of $21.5 million in 2022 due to digital asset exposure, the bank's overall financial health appears robust, with deposits growing in Q1 2023. The company is rated a 'buy' due to its strong financial position and growth prospects, although investors should consider interest rate exposure before investing. |
seekingalpha.com |
2023-06-03 13:01:01 |
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| PVBC INVESTOR NOTICE: Rosen Law Firm Encourages Provident Bancorp, Inc. Investors to Inquire About Securities Class Action Investigation – PVBC |
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Provident Bancorp, Inc. (NASDAQ: PVBC) resulting from allegations that Provident may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Provident securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=10252 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On November 15, 2022, Provident filed a Form NT 10-Q Notification of inability to timely file Form 10-Q for the quarter ended September 30, 2022. The Form NT 10-Q stated the delay was due to “estimates that [Provident] will report net loss of approximately $27.5 million for the quarter ended September 30, 2022, compared to net income of $5.1 million for the quarter ended September 30, 2021.” On this news, Provident’s stock price fell $2.20, or over 21%, to close on November 16, 2022 at $7.90 on unusually high trading volume. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. |
businesswire.com |
2022-12-08 19:12:00 |
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| EQUITY ALERT: Rosen Law Firm Encourages Provident Bancorp, Inc. Investors to Inquire About Securities Class Action Investigation – PVBC |
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Provident Bancorp, Inc. (NASDAQ: PVBC), the holding company for BankProv formerly known as The Provident Bank, resulting from allegations that Provident Bancorp may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Provident Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=10252 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On November 15, 2022, after market hours, Provident Bancorp announced that it would be unable to timely file its quarterly report for its third quarter 2022, but disclosed that it currently estimates a net loss of approximately $27.5 million. The Company explained that is still evaluating the actual level of losses “due to the recent decline in the cryptocurrency mining industry.” On this news, Provident Bancorp’s stock price fell $2.20, or 21%, to close at $7.90 per share on November 16, 2022. Then, on November 17, 2022, The Bear Cave published a report entitled “The Great Crypto Collapse” which, among other things, alleged issues with Provident Bancorp and its wholly-owned subsidiary BankProv (formerly known as The Provident Bank). On this news, Provident Bancorp’s stock price fell 6% to close at $7.45 per share on November 18, 2022. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. |
businesswire.com |
2022-12-08 16:31:00 |
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| PROVIDENT ALERT: Bragar Eagel & Squire, P.C. is Investigating Provident Bancorp, Inc. on Behalf of Provident Stockholders and Encourages Investors to Contact the Firm |
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Provident Bancorp, Inc. (“Provident” or the “Company”) (NASDAQ: PVBC) on behalf of Provident stockholders. Our investigation concerns whether Provident has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On November 15, 2022, after the market closed, Provident announced in two filings with the U.S. Securities and Exchange Commission that it was delaying the issuance of its financial statements and quarterly report on Form 10-Q for the quarter ended September 30, 2022. Additionally, Provident said "it currently estimates that it will report a net loss of approximately $27.5 million for the quarter ended September 30, 2022, compared to net income of $5.1 million for the quarter ended September 30, 2021" and that "[t]he Company is still evaluating the actual level of losses due to the recent decline in the cryptocurrency mining industry, and such losses may exceed this estimate." On this news, Provident's stock price fell $2.20 per share, or 21.78%, to close at $7.90 per share on November 16, 2022. If you purchased or otherwise acquired Provident shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. |
businesswire.com |
2022-12-02 23:00:00 |
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| Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Provident Bancorp, Inc. (PVBC) on Behalf of Investors |
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Provident Bancorp, Inc. (“Provident” or the “Company”) (NASDAQ: PVBC) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Provident investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/provident-bancorp-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On November 15, 2022, Provident announced that it would be unable to timely file its quarterly report for third quarter 2022, but disclosed that it currently estimates a net loss of approximately $27.5 million. The Company explained that is still evaluating the actual level of losses “due to the recent decline in the cryptocurrency mining industry.” On this news, Provident’s stock price fell $2.20, or 21.8%, to close at $7.90 per share on November 16, 2022, thereby injuring investors. Then, on November 17, 2022, The Bear Cave issued a report alleging that Provident has potentially ballooning bad debt expenses relating to some of its cryptocurrency related loans and transactions. On this news, Provident’s stock price fell $0.49, or 6%, to close at $7.45 per share on November 18, 2022, thereby injuring investors further. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Provident should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. |
businesswire.com |
2022-11-29 15:00:00 |
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