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Provident Bancorp Inc   (PVBC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Provident Bancorp Inc 's

Competitiveness


 

PVBC Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Provident Bancorp Inc reported Revenue increase in the 4 quarter 2023 by 211.6 % year on year, while most of its competitors have experienced contraction in revenues by -10.3 %, achieved in the same quarter.

List of PVBC Competitors

With a net margin of 60.32 % Provident Bancorp Inc achieved higher profitability than its competitors.

More on PVBC Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Provident Bancorp Inc Net Income in the 4 quarter 2023 grew year on year by 1409.05%, while most of its competitors have experienced a contraction in net income by -55.16 %.

<<  PVBC Stock Performance Comparisons


Provident Bancorp Inc 's Comment on Competitors and Industry Peers


We face significant competition for deposits and loans. Our most direct competition for deposits has historically come from the many financial institutions operating in our market area. Several large holding companies operate banks in our market area. Many of these institutions, such as TD Bank, Bank of America and Citizens Bank, are significantly larger than us and, therefore, have greater resources. Additionally, some of our competitors offer products and services that we do not offer, such as insurance services, trust services, and wealth management. We also face competition for investors’ funds from other financial service companies such as brokerage firms, money market funds, mutual funds and other corporate and government securities.



  

Overall company Market Share Q4 2023

Due to outstanding performance in Overall company, revenue grew by 211.6 % Provident Bancorp Inc improved its market share, to approximately 0.3 %.




<<  More on PVBC Market Share.
 
*Market share is calculated based on total revenue.





Who are Provident Bancorp Inc 's Competitors?




Camden National Corp
Share Performance



-15.67%
One Year



Camden National Corp
Profile

Camden National Corp is a bank holding company that operates through its subsidiary, Camden National Bank, providing a range of financial services including lending, deposit products, and wealth management. The company primarily serves businesses and individuals in Maine, focusing on local communities and building long-term relationships with its customers.

More about Camden National Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 462.898 mill. $ 161.197 mill. $ 43.383 mill.


Capital Bancorp Inc
Share Performance



-17.39%
This Quarter



Capital Bancorp Inc
Profile

Capital Bancorp Inc is a financial institution that operates as a holding company for a subsidiary bank. It provides a range of banking products and services to individuals and businesses, including loans, deposits, and other financial solutions. The company primarily generates revenue through interest income on loans and investments, as well as fee income from various banking services.

More about Capital Bancorp Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 281.341 mill. $ 156.992 mill. $ 35.871 mill.


Enterprise Bancorp inc
Share Performance



-23.61%
This Quarter



Enterprise Bancorp inc
Profile

Enterprise Bancorp Inc.'s business model can be described as a diversified financial services company that primarily focuses on providing a wide range of banking products and services to individuals, small and medium-sized businesses, and professionals.

More about Enterprise Bancorp inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 306.789 mill. $ 161.444 mill. $ 38.058 mill.


Independent Bank Corporation
Share Performance



-6.25%
This Year



Independent Bank Corporation
Profile

Independent Bank Corporation operates as a regional bank, providing a full range of banking services to individuals, small businesses, and commercial clients. The core of their business model revolves around offering personal and business banking products, such as checking and savings accounts, loans, mortgages, and investment services. With a focus on customer satisfaction and community involvement, the company aims to establish long-term relationships and contribute to the economic growth of the areas they serve.

More about Independent Bank Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 511.067 mill. $ 200.795 mill. $ 59.067 mill.


Western New England Bancorp Inc
Share Performance



-1.70%
Over The Past 5 Days



Western New England Bancorp Inc
Profile

Western New England Bancorp Inc's business model is focused on providing banking services to customers, including a wide range of financial products such as loans, mortgages, and deposit accounts.

More about Western New England Bancorp Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 162.089 mill. $ 77.934 mill. $ 15.068 mill.


Banc Of California Inc
Share Performance



-1.43%
Over The Past 5 Days



Banc Of California Inc
Profile

Banc of California Inc is a bank holding company that operates through its subsidiary, Banc of California, N.A. The company provides banking products and services, including commercial banking, consumer banking, real estate lending, and institutional banking, primarily to individuals, small and medium-sized businesses, and institutional clients in California.

More about Banc Of California Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 832.494 mill. $ 346.454 mill. $ 98.503 mill.


Bank Of America Corporation
Share Performance



+32.26%
One Year



Bank Of America Corporation
Profile

Bank of America Corporation operates as a diversified financial services company. Its business model revolves around providing a wide range of banking and financial products and services to individual consumers, small and medium-sized businesses, and large corporations. The company generates revenue through interest income, fees, and commissions from its various banking, lending, investment, and wealth management activities.

More about Bank Of America Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 306,142.442 mill. $ 98,581.000 mill. $ 26,515.000 mill.



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