Provident Bancorp (PVBC) Revenue & Revenue Breakdown


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Provident Bancorp Revenue Highlights


Latest Revenue (Y)

$97.36M

Latest Revenue (Q)

$24.14M

Main Segment (Y)

Bank Servicing

Main Geography (Y)

Bank Servicing

Provident Bancorp Revenue by Period


Provident Bancorp Revenue by Year

DateRevenueChange
2023-12-31$97.36M19.93%
2022-12-31$81.18M21.89%
2021-12-31$66.60M14.80%
2020-12-31$58.02M22.13%
2019-12-31$47.50M15.00%
2018-12-31$41.30M-1.68%
2017-12-31$42.01M37.54%
2016-12-31$30.54M12.78%
2015-12-31$27.08M8.82%
2014-12-31$24.89M3.03%
2013-12-31$24.16M-

Provident Bancorp generated $97.36M in revenue during NA 2023, up 19.93% compared to the previous quarter, and up 235.71% compared to the same period a year ago.

Provident Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$24.14M3.17%
2024-06-30$23.39M0.02%
2024-03-31$23.39M-7.23%
2023-12-31$25.21M63.92%
2023-09-30$15.38M-5.77%
2023-06-30$16.32M-6.87%
2023-03-31$17.53M-15.26%
2022-12-31$20.68M-1.95%
2022-09-30$21.09M4.65%
2022-06-30$20.16M4.74%
2022-03-31$19.25M9.10%
2021-12-31$17.64M1.81%
2021-09-30$17.33M10.32%
2021-06-30$15.71M-1.38%
2021-03-31$15.93M-2.22%
2020-12-31$16.29M9.27%
2020-09-30$14.91M8.49%
2020-06-30$13.74M5.02%
2020-03-31$13.08M4.30%
2019-12-31$12.54M3.69%
2019-09-30$12.10M3.77%
2019-06-30$11.66M4.04%
2019-03-31$11.20M3.47%
2018-12-31$10.83M3.49%
2018-09-30$10.46M1.76%
2018-06-30$10.28M5.65%
2018-03-31$9.73M-25.37%
2017-12-31$13.04M17.15%
2017-09-30$11.13M23.58%
2017-06-30$9.01M1.97%
2017-03-31$8.83M11.27%
2016-12-31$7.94M-1.71%
2016-09-30$8.08M10.45%
2016-06-30$7.31M1.30%
2016-03-31$7.22M1.22%
2015-12-31$7.13M1.28%
2015-09-30$7.04M7.32%
2015-06-30$6.56M3.32%
2015-03-31$6.35M-1.76%
2014-12-31$6.46M3.94%
2014-09-30$6.22M-1.89%
2014-06-30$6.34M8.06%
2014-03-31$5.87M-

Provident Bancorp generated $24.14M in revenue during Q3 2024, up 3.17% compared to the previous quarter, and up 147.87% compared to the same period a year ago.

Provident Bancorp Revenue Breakdown


Provident Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 19
Deposit Account$1.45M
Bank Servicing$1.78M

Provident Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 19: Bank Servicing (55.12%), and Deposit Account (44.88%).

Quarterly Revenue by Product

Product/ServiceJun 20Mar 20Dec 19Sep 19
Deposit Account$264.00K$352.00K$363.00K$404.00K
Bank Servicing$261.00K$460.00K$415.00K$450.00K

Provident Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Jun 20: Deposit Account (50.29%), and Bank Servicing (49.71%).

Provident Bancorp Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 19Dec 18
Bank Servicing$1.78M$1.99M
Deposit Account$1.45M$1.44M

Provident Bancorp's latest annual revenue breakdown by geography, as of Dec 19: Bank Servicing (55.12%), and Deposit Account (44.88%).

Quarterly Revenue by Country

CountryJun 20Mar 20Dec 19Sep 19Dec 18Sep 18Jun 18
Deposit Account$264.00K$352.00K$363.00K$404.00K$354.00K$380.00K$339.00K
Bank Servicing$261.00K$460.00K$415.00K$450.00K$442.00K$502.00K$594.00K

Provident Bancorp's latest quarterly revenue breakdown by geography, as of Jun 20: Deposit Account (50.29%), and Bank Servicing (49.71%).

Provident Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SSBKSouthern States Bancshares$141.25M$40.00M
OBTOrange County Bancorp$131.19M$35.61M
FNWBFirst Northwest Bancorp$104.92M$28.21M
PVBCProvident Bancorp$97.36M$24.14M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$14.24M
HMNFHMN Financial$43.48M$14.79M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M

PVBC Revenue FAQ


What is Provident Bancorp’s yearly revenue?

Provident Bancorp's yearly revenue for 2023 was $97.36M, representing an increase of 19.93% compared to 2022. The company's yearly revenue for 2022 was $81.18M, representing an increase of 21.89% compared to 2021. PVBC's yearly revenue for 2021 was $66.6M, representing an increase of 14.80% compared to 2020.

What is Provident Bancorp’s quarterly revenue?

Provident Bancorp's quarterly revenue for Q3 2024 was $24.14M, a 3.17% increase from the previous quarter (Q2 2024), and a 56.93% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $23.4M, a 0.02% increase from the previous quarter (Q1 2024), and a 43.33% increase year-over-year (Q2 2023). PVBC's quarterly revenue for Q1 2024 was $23.39M, a -7.23% decrease from the previous quarter (Q4 2023), and a 33.46% increase year-over-year (Q1 2023).

What is Provident Bancorp’s revenue growth rate?

Provident Bancorp's revenue growth rate for the last 3 years (2021-2023) was 46.19%, and for the last 5 years (2019-2023) was 104.96%.

What are Provident Bancorp’s revenue streams?

Provident Bancorp's revenue streams in c 19 are Deposit Account, and Bank Servicing. Deposit Account generated $1.45M in revenue, accounting 44.88% of the company's total revenue Bank Servicing generated $1.78M in revenue, accounting 55.12% of the company's total revenue

What is Provident Bancorp’s main source of revenue?

For the fiscal year ending Dec 19, the largest source of revenue of Provident Bancorp was Bank Servicing. This segment made a revenue of $1.78M, representing 55.12% of the company's total revenue.