For the quarter ending 2025-09-30, PVBC made $42,426,000 in revenue. $2,670,000 in net income. Net profit margin of 6.29%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Interest and fees on loans | 19,606,000 | 20,085,000 | 19,307,000 | 20,805,000 |
| Interest and dividends on debt securities available-for-sale | 220,000 | 231,000 | 260,000 | 252,000 |
| Interest on short-term investments | 1,484,000 | 984,000 | 1,013,000 | 1,521,000 |
| Total interest and dividend income | 21,310,000 | 21,300,000 | 20,580,000 | 22,578,000 |
| Interest on deposits | 7,877,000 | 7,261,000 | 7,369,000 | 9,001,500 |
| Interest on short-term borrowings | 219,000 | 482,000 | 306,000 | 483,500 |
| Interest on long-term borrowings | 28,000 | 30,000 | 30,000 | 28,500 |
| Total interest expense | 8,124,000 | 7,773,000 | 7,705,000 | 9,513,500 |
| Net interest and dividend income | 13,186,000 | 13,527,000 | 12,875,000 | 13,064,500 |
| Credit loss (benefit) expense - loans | -353,000 | -384,000 | 70,000 | -3,623,000 |
| Credit loss (benefit) expense - off-balance sheet credit exposures | -65,000 | 6,000 | -82,000 | 49,000 |
| Total credit loss (benefit) expense | -418,000 | -378,000 | -12,000 | -3,574,000 |
| Net interest and dividend income after credit loss (benefit) expense | 13,604,000 | 13,905,000 | 12,887,000 | 16,638,500 |
| Charges and fees-Customer Service Fees | 686,000 | 690,000 | - | - |
| Charges and fees-Other Service Fees | 306,000 | - | - | - |
| Charges and fees | - | - | 991,000 | 984,500 |
| Charges and fees-Other Service Fees | - | 442,000 | - | - |
| Bank owned life insurance income | 349,000 | 335,000 | 327,000 | 318,000 |
| Other income | 217,000 | 764,000 | 62,000 | 38,000 |
| Total noninterest income | 1,558,000 | 2,231,000 | 1,380,000 | 1,340,500 |
| Salaries and employee benefits | 7,749,000 | 7,338,000 | 7,576,000 | 7,554,000 |
| Occupancy expense | 426,000 | 376,000 | 448,000 | 403,500 |
| Equipment expense | 115,000 | 120,000 | 144,000 | 145,500 |
| Deposit insurance | 331,000 | 294,000 | 332,000 | 326,000 |
| Data processing | 429,000 | 410,000 | 421,000 | 408,500 |
| Marketing expense | 61,000 | 62,000 | 45,000 | 30,500 |
| Professional fees | 823,000 | 1,124,000 | 569,000 | 949,500 |
| Directors' compensation | 197,000 | 197,000 | 195,000 | 186,000 |
| Software depreciation and implementation | 532,000 | 532,000 | 553,000 | 578,500 |
| Insurance expense | 224,000 | 224,000 | 221,000 | 302,000 |
| Service fees | 294,000 | 371,000 | 318,000 | 245,000 |
| Other | 253,000 | 1,043,000 | 610,000 | 295,500 |
| Total noninterest expense | 11,434,000 | 12,091,000 | 11,432,000 | 11,424,500 |
| Income before income tax expense | 3,728,000 | 4,045,000 | 2,835,000 | 6,554,500 |
| Income tax expense | 1,058,000 | 1,221,000 | 665,000 | 1,623,000 |
| Net income | 2,670,000 | 2,824,000 | 2,170,000 | 4,931,500 |
| Average number of common shares outstanding to calculate basic earnings per common share (in shares) | 16,897,892 | 16,860,744 | 16,822,196 | -8,363,913.5 |
| Basic (in dollars per share) | 0.16 | 0.17 | 0.13 | 0.295 |
| Diluted (in dollars per share) | 0.16 | 0.17 | 0.13 | 0.295 |
| Diluted (in shares) | 17,071,693 | 16,954,078 | 16,924,083 | -8,367,757 |
Provident Bancorp, Inc. MD (PVBC)
Provident Bancorp, Inc. MD (PVBC)