Comparing the current results to its competitors, Provident Bancorp Inc reported Revenue increase in the 3 quarter 2025 by 22.04 % year on year. The sales growth was above Provident Bancorp Inc 's competitors' average revenue growth of 11.12 %, achieved in the same quarter.
Provident Bancorp Inc Net Income in the 3 quarter 2025 grew year on year by 272.91%, faster than the Provident Bancorp Inc 's competitors average income growth of 23.84 %
Provident Bancorp Inc 's Comment on Competition and Industry Peers
The Bank operates in a competitive environment for both loan generation and deposit attraction. Its loan competitors include commercial banks, savings banks, credit unions, mortgage banking companies, finance companies, online lenders or banks, and other institutional lenders. Competition factors for loans encompass interest rates, terms, loan products, services, and geographic locations. For deposits, competitors consist of savings banks, commercial and co-operative banks, credit unions, internet banks, and nonbank institutions such as brokerage firms and insurance companies. Deposit competition is influenced by deposit and investment products, rates of return, liquidity, risk, branch locations, personalized service, online and mobile access, and ATM availability. The Bank's primary market area is the Seacoast Region of Northeastern Massachusetts and Southern New Hampshire, which, while attractive, faces potential challenges from new market entrants affecting growth and profitability.
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.
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.
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.
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.
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.
Sources:
Provident Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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