Provident Historical Income Statement
| PVBC Stock | USD 11.89 0.14 1.19% |
Historical analysis of Provident Bancorp income statement accounts such as Total Revenue of 50.7 M, Gross Profit of 50.7 M, Other Operating Expenses of 67.3 M or Operating Income of 1 M can show how well Provident Bancorp performed in making a profits. Evaluating Provident Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Provident Bancorp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Provident Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Provident Bancorp is a good buy for the upcoming year.
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About Provident Income Statement Analysis
Provident Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Provident Bancorp shareholders. The income statement also shows Provident investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Provident Bancorp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Provident Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Provident Bancorp minus its cost of goods sold. It is profit before Provident Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Provident Bancorp financial statement analysis. It represents the amount of money remaining after all of Provident Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Provident Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Provident Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Provident Stock refer to our How to Trade Provident Stock guide.At present, Provident Bancorp's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 67.3 M, whereas Depreciation And Amortization is forecasted to decline to about 953.9 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.4M | 4.3M | 32.1M | 33.7M | Depreciation And Amortization | 870K | 940K | 1.1M | 953.9K |
Provident Bancorp income statement Correlations
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Provident Bancorp Account Relationship Matchups
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Provident Bancorp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.2M | 944K | 870K | 940K | 1.1M | 953.9K | |
| Interest Expense | 8.1M | 5.9M | 3.4M | 4.3M | 32.1M | 33.7M | |
| Selling General Administrative | 19.7M | 25.3M | 31.6M | 35.6M | 35.3M | 23.3M | |
| Selling And Marketing Expenses | 385K | 223K | 279K | 412K | 640K | 672K | |
| Total Revenue | 47.5M | 58.0M | 66.6M | 81.2M | 64.1M | 50.7M | |
| Gross Profit | 47.5M | 58.0M | 66.6M | 81.2M | 64.1M | 50.7M | |
| Other Operating Expenses | 32.9M | 41.4M | 44.5M | 5.1M | 64.1M | 67.3M | |
| Operating Income | 14.6M | 16.6M | 22.1M | (23.0M) | 1.1M | 1.0M | |
| Ebit | 14.2M | 16.8M | 22.2M | (27.1M) | 1.1M | 1.0M | |
| Ebitda | 15.4M | 17.7M | 23.1M | (26.2M) | 2.0M | 1.9M | |
| Total Operating Expenses | (32.9M) | (41.4M) | (44.5M) | 5.1M | 64.1M | 67.3M | |
| Income Before Tax | 14.6M | 16.6M | 22.1M | (27.3M) | 14.8M | 15.5M | |
| Total Other Income Expense Net | 14.6M | (6.5M) | (4.1M) | (8.7M) | 14.8M | 15.5M | |
| Net Income Applicable To Common Shares | 10.8M | 12.0M | 16.1M | (21.5M) | (19.3M) | (18.4M) | |
| Net Income | 10.8M | 12.0M | 16.1M | (21.5M) | 11.0M | 11.5M | |
| Income Tax Expense | 3.8M | 4.6M | 6.0M | (5.8M) | 3.8M | 2.2M | |
| Net Income From Continuing Ops | 10.8M | 12.0M | 16.1M | (21.5M) | 10.7M | 11.3M | |
| Tax Provision | 3.8M | 4.6M | 6.0M | (5.8M) | 4.5M | 2.5M | |
| Net Interest Income | 43.4M | 54.5M | 61.4M | 75.0M | 63.4M | 50.9M | |
| Interest Income | 51.5M | 60.4M | 64.8M | 79.3M | 87.7M | 58.2M | |
| Reconciled Depreciation | 1.4M | 1.1M | 1.0M | 1.5M | 1.1M | 1.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Provident Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Provident Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Provident Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Provident Bancorp Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Provident Stock refer to our How to Trade Provident Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Provident Bancorp. If investors know Provident will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Provident Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share 0.32 | Revenue Per Share 3.314 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0031 |
The market value of Provident Bancorp is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Provident Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Provident Bancorp's market value can be influenced by many factors that don't directly affect Provident Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Provident Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.