Financial Snapshot

Revenue
$66.34M
TTM
Gross Margin
Net Earnings
$5.313M
TTM
Current Assets
Current Liabilities
$3.891M
Q3 2024
Current Ratio
Total Assets
$1.648B
Q3 2024
Total Liabilities
$1.422B
Q3 2024
Book Value
$226.2M
Q3 2024
Cash
Q3 2024
P/E
37.04
Nov 12, 2024 EST
Free Cash Flow
$9.120M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $90.30M $79.33M $64.80M $60.40M $51.54M
YoY Change 13.83% 22.41% 7.28% 17.2%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $90.30M $79.33M $64.80M $60.40M $51.54M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.095M $940.0K $870.0K $944.0K $1.200M $720.0K $810.0K $830.0K $710.0K $770.0K $650.0K
YoY Change 16.49% 8.05% -7.84% -21.33% 66.67% -11.11% -2.41% 16.9% -7.79% 18.46%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense $32.13M $4.297M $3.370M $5.931M $8.148M
YoY Change 647.64% 27.51% -43.18% -27.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income $14.78M -$27.26M $22.09M $16.61M $14.62M $12.56M $15.33M $9.360M $5.190M $6.020M $5.620M
YoY Change -154.21% -223.38% 33.01% 13.62% 16.39% -18.07% 63.78% 80.35% -13.79% 7.12% 66.27%
Income Tax $3.823M -$5.790M $5.954M $4.625M $3.811M $3.240M $5.420M $3.030M $1.360M $1.450M $1.610M
% Of Pretax Income 25.87% 26.95% 27.84% 26.07% 25.8% 35.36% 32.37% 26.2% 24.09% 28.65%
Net Earnings $10.95M -$21.47M $16.14M $11.99M $10.81M $9.330M $7.920M $6.340M $3.820M $4.560M $4.010M
YoY Change -151.02% -233.02% 34.66% 10.89% 15.84% 17.8% 24.92% 65.97% -16.23% 13.72% 56.03%
Net Earnings / Revenue 12.13% -27.06% 24.9% 19.84% 20.97%
Basic Earnings Per Share $0.66 -$1.30 $0.96 $0.66 $0.60
Diluted Earnings Per Share $0.66 -$1.30 $0.93 $0.66 $0.60 $496.0K $426.0K $341.8K $199.0K $237.5K $208.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $16.77M $17.52M $18.40M $19.00M $18.40M $16.10M $11.00M $11.60M $11.60M $10.50M $10.70M
YoY Change -4.31% -4.77% -3.16% 3.26% 14.29% 46.36% -5.17% 0.0% 10.48% -1.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.46M $16.79M $7.200M $6.400M $8.200M $4.900M $5.100M $3.600M $3.800M
YoY Change -13.89% 12.5% -21.95% 67.35% -3.92% 41.67% -5.26%
Total Long-Term Assets
YoY Change
Total Assets $1.670B $1.636B $1.729B $1.506B $1.122B $974.1M $902.3M $795.5M $743.4M $658.6M $624.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.171M $4.282M $4.400M $4.500M $3.900M
YoY Change -2.59% -2.68% -2.22% 15.38%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.171M $4.282M $4.400M $4.500M $3.900M
YoY Change -2.59% -2.68% -2.22% 15.38%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.317M $18.15M $17.70M $14.50M $12.10M $12.40M $9.600M $8.600M $7.300M $6.600M $5.300M
YoY Change -54.17% 2.52% 22.07% 19.83% -2.42% 29.17% 11.63% 17.81% 10.61% 24.53%
Total Long-Term Liabilities $8.317M $18.15M $17.70M $14.50M $12.10M $12.40M $9.600M $8.600M $7.300M $6.600M $5.300M
YoY Change -54.17% 2.52% 22.07% 19.83% -2.42% 29.17% 11.63% 17.81% 10.61% 24.53%
Total Liabilities $1.448B $1.429B $1.496B $1.270B $890.9M $848.5M $786.5M $686.4M $642.0M $582.8M $554.8M
YoY Change 1.37% -4.46% 17.77% 42.54% 5.0% 7.88% 14.58% 6.92% 10.16% 5.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 16.59M 16.48M 16.77M 18.09M 17.96M
Diluted Shares Outstanding 16.59M 16.48M 17.30M 18.13M 18.07M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $196.81 Million

About Provident Bancorp, Inc. /MD/

Provident Bancorp, Inc. is a holding company that operates as a commercial bank. The company is headquartered in Amesbury, Massachusetts and currently employs 188 full-time employees. The company went IPO on 2015-07-16. The Bank is a commercial bank that offers a comprehensive suite of banking products for corporate clients. The Bank is a banking-as-a-service provider specializing in technology-driven banking solutions. The Bank's commercial lending products include term loans and revolving lines of credit, which are made with either variable or fixed rates of interest. The Bank makes commercial business loans in its market area to a variety of small- and medium- sized businesses, including professional and nonprofit organizations, and, to a lesser extent, sole proprietorships. The company serves various industries including renewable energy, fintech and enterprise value lending. The Bank operates from its main office and two branch offices in the Northeastern Massachusetts area, three branch offices in Southeastern New Hampshire and one branch located in Bedford, New Hampshire. The company also has a loan production office in Ponte Vedra, Florida.

Industry: Savings Institutions, Not Federally Chartered Peers: Blue Foundry Bancorp Federal Home Loan Mortgage Corp Home Bancorp Inc Home Point Capital Inc. Pioneer Bancorp Inc Ponce Financial Group Inc Rocket Companies Inc Sterling Bancorp Inc Timberland Bancorp Inc Velocity Financial Inc