Provident Bancorp (Provident Bancorp) Scaled Net Operating Assets : 0.05 (As of Dec. 2023)

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What is Provident Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Provident Bancorp's operating assets for the quarter that ended in Dec. 2023 was $1,421.41 Mil. Provident Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $1,339.54 Mil. Provident Bancorp's Total Assets for the quarter that ended in Sep. 2023 was $1,808.44 Mil. Therefore, Provident Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.05.

Provident Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Provident Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1449.977	-	1339.539)	/	1636.381
=	0.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1670.309	-	220.332
=	1449.977

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1448.407	-	13.868	-	95
=	1339.539

Provident Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1421.406	-	1339.539)	/	1808.44
=	0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1670.309	-	248.903
=	1421.406

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1448.407	-	13.868	-	95
=	1339.539

* 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.

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Provident Bancorp (Provident Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Provident Bancorp Inc (NAS:PVBC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Market Street, Amesbury, MA, USA, 01913

Website

https://www.bankprov.com

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