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Provident Bancorp: 3Q Earnings Snapshot

AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Thursday reported third-quarter earnings of $3.5 million.

The Amesbury, Massachusetts-based bank said it had earnings of 37 cents per share.

The bank holding company posted revenue of $14.4 million in the period. Its revenue net of interest expense was $12.1 million, which topped Street forecasts.

Provident Bancorp shares have decreased 50% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.82, a drop of 61% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVBC at https://www.zacks.com/ap/PVBC