AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Friday reported second-quarter profit of $3.3 million.
The bank, based in Amesbury, Massachusetts, said it had earnings of 18 cents per share.
The bank holding company posted revenue of $15.4 million in the period. Its revenue net of interest expense was $13.7 million, topping Street forecasts.
Provident Bancorp shares have dropped 37% since the beginning of the year. In the final minutes of trading on Friday, shares hit $7.83, a decline of 43% in the last 12 months.