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Provident Bancorp (Provident Bancorp) Revenue : $64.08 Mil (TTM As of Dec. 2023)


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What is Provident Bancorp Revenue?

Provident Bancorp's revenue for the three months ended in Dec. 2023 was $14.85 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $64.08 Mil. Provident Bancorp's Revenue per Share for the three months ended in Dec. 2023 was $0.89. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $3.86.

Warning Sign:

Provident Bancorp Inc revenue per share is in decline over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Provident Bancorp was -20.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was 6.50% per year. During the past 5 years, the average Revenue per Share Growth Rate was 14.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 11 years, Provident Bancorp's highest 3-Year average Revenue per Share Growth Rate was 22.80% per year. The lowest was -11.20% per year. And the median was -0.55% per year.


Provident Bancorp Revenue Historical Data

The historical data trend for Provident Bancorp's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Provident Bancorp Revenue Chart

Provident Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.50 58.02 65.90 80.25 64.08

Provident Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.44 17.53 16.32 15.38 14.85

Competitive Comparison of Provident Bancorp's Revenue

For the Banks - Regional subindustry, Provident Bancorp's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Provident Bancorp's Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Provident Bancorp's Revenue distribution charts can be found below:

* The bar in red indicates where Provident Bancorp's Revenue falls into.



Provident Bancorp Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $64.08 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Provident Bancorp  (NAS:PVBC) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Provident Bancorp Revenue Related Terms

Thank you for viewing the detailed overview of Provident Bancorp's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Provident Bancorp (Provident Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
5 Market Street, Amesbury, MA, USA, 01913
Provident Bancorp Inc provides a range of banking products and services to small and medium-sized commercial customers. It attracts deposits from the general public and uses those funds to originate loans, commercial real estate, construction and land, and commercial business loans, and to invest in securities. The company lending activities include providing commercial real estate loans, multi-family residential real estate loans, commercial business loans, construction and land development loans, one-to four-family residential loans, home equity loans & lines of credit, and consumer loans.
Executives
Joseph Stilwell 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Investments, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Fund, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Value Llc 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Partners L P 10 percent owner 111 BROADWAY, 12TH FL., NEW YORK NY 10006
Kathleen Chase Curran director 5 MARKET STREET, AMESBURY MA 01913
Carol L Houle officer: Co-President, Co-CEO and CFO 5 MARKET STREET, AMESBURY MA 01913
Barbara Piette director 5 MARKET STREET, AMESBURY MA 01913
Laurie H Knapp director 5 MARKET STREET, AMESBURY MA 01913
Joseph Mancini officer: Chief Operating Officer 5 MARKET STREET, AMESBURY MA 01913
Mohammad Shaikh director 5 MARKET STREET, AMESBURY MA 01913
Cousins Frank G Jr director 5 MARKET STREET, AMESBURY MA 01913
James A Deleo director 5 MARKET STREET, AMESBURY MA 01913
Jay E Gould director 5 MARKET STREET, AMESBURY MA 01913
Lisa Destefano director 5 MARKET STREET, AMESBURY MA 01913