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.
 
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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.
  
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.

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

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.

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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Provident Bancorp. It is also known as Provident Bancorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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 Expense3.4M4.3M32.1M33.7M
Depreciation And Amortization870K940K1.1M953.9K

Provident Bancorp income statement Correlations

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Provident Bancorp Account Relationship Matchups

Provident Bancorp income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.2M944K870K940K1.1M953.9K
Interest Expense8.1M5.9M3.4M4.3M32.1M33.7M
Selling General Administrative19.7M25.3M31.6M35.6M35.3M23.3M
Selling And Marketing Expenses385K223K279K412K640K672K
Total Revenue47.5M58.0M66.6M81.2M64.1M50.7M
Gross Profit47.5M58.0M66.6M81.2M64.1M50.7M
Other Operating Expenses32.9M41.4M44.5M5.1M64.1M67.3M
Operating Income14.6M16.6M22.1M(23.0M)1.1M1.0M
Ebit14.2M16.8M22.2M(27.1M)1.1M1.0M
Ebitda15.4M17.7M23.1M(26.2M)2.0M1.9M
Total Operating Expenses(32.9M)(41.4M)(44.5M)5.1M64.1M67.3M
Income Before Tax14.6M16.6M22.1M(27.3M)14.8M15.5M
Total Other Income Expense Net14.6M(6.5M)(4.1M)(8.7M)14.8M15.5M
Net Income Applicable To Common Shares10.8M12.0M16.1M(21.5M)(19.3M)(18.4M)
Net Income10.8M12.0M16.1M(21.5M)11.0M11.5M
Income Tax Expense3.8M4.6M6.0M(5.8M)3.8M2.2M
Net Income From Continuing Ops10.8M12.0M16.1M(21.5M)10.7M11.3M
Tax Provision3.8M4.6M6.0M(5.8M)4.5M2.5M
Net Interest Income43.4M54.5M61.4M75.0M63.4M50.9M
Interest Income51.5M60.4M64.8M79.3M87.7M58.2M
Reconciled Depreciation1.4M1.1M1.0M1.5M1.1M1.2M

Also Currently Popular

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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.