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Provident Bancorp: 4Q Earnings Snapshot

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AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Thursday reported net income of $4.3 million in its fourth quarter.

The bank, based in Amesbury, Massachusetts, said it had earnings of 24 cents per share.

The bank holding company posted revenue of $17.4 million in the period. Its revenue net of interest expense was $16.3 million, exceeding Street forecasts.

For the year, the company reported profit of $12 million, or 66 cents per share. Revenue was reported as $58 million.

Provident Bancorp shares have dropped 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.39, a fall of almost 5% 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