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

Provident Bancorp Inc 's Working Capital Ratio

PVBC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Provident Bancorp Inc 's Current Assets grew by 6.27 % in the II Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Provident Bancorp Inc 's Working Capital Ratio to 1.26, above Provident Bancorp Inc average Working Capital Ratio.

Within Regional Banks industry 3 other companies have achieved higher Working Capital Ratio than Provident Bancorp Inc in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 2267, from total ranking in the first quarter 2023 at 3246.

Explain Working Capital Ratio
How much in Current Assets PVBC´s has?
What is the value of PVBC´s Current Liabilities?


PVBC Working Capital Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change 0.01 % -4.49 % -4.92 % 13.03 % 14.83 %
Y / Y Current Assets Change 3.78 % -4.92 % -12.25 % 1.84 % 12.17 %
Working Capital Ratio MRQ 1.26 1.23 1.11 1.14 1.21
PVBC's Total Ranking # 2267 # 3246 # 3462 # 3531 # 3807
Seq. Current Liabilities Change 4.41 % 4.74 % -9.78 % 1.36 % -0.29 %
Seq. Current Assets Change 6.27 % 16.03 % -12.14 % -4.2 % -2.64 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 4
Financial Sector # 276
Overall Market # 2267


Working Capital Ratio Statistics
High Average Low
1.39 1.2 1.1
(Mar 31 2020)   (Mar 31 2016)




Financial Statements
Provident Bancorp Inc 's Current Liabilities $ 1,518 Millions Visit PVBC's Balance sheet
Provident Bancorp Inc 's Current Assets $ 1,905 Millions Visit PVBC's Balance sheet
Source of PVBC's Sales Visit PVBC's Sales by Geography


Cumulative Provident Bancorp Inc 's Working Capital Ratio

PVBC's Working Capital Ratio for the trailling 12 Months

PVBC Working Capital Ratio

(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 0.01 % -4.49 % -4.92 % 13.03 % 14.83 %
Y / Y Current Assets TTM Growth 3.78 % -4.92 % -12.25 % 1.84 % 12.17 %
Working Capital Ratio TTM 1.19 1.18 1.18 1.2 1.23
Total Ranking TTM # 1903 # 2623 # 0 # 3075 # 4151
Seq. Current Liabilities TTM Growth 4.41 % 4.74 % -9.78 % 1.36 % -0.29 %
Seq. Current Assets TTM Growth 6.27 % 16.03 % -12.14 % -4.2 % -2.64 %


On the trailing twelve months basis PVBC Current Assets improved by 3.78 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Provident Bancorp Inc 's Working Capital Ratio to 1.19, Working Capital Ratio remained below PVBC average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 3 other companies have achieved higher Working Capital Ratio than Provident Bancorp Inc . While Working Capital Ratio overall ranking has improved so far to 1903, from total ranking during the twelve months ending first quarter 2023 at 2623.

Explain Working Capital Ratio
How much in Current Assets PVBC´s has?
What is the value of PVBC´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 4
Financial Sector # 276
Within the Market # 1903


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.39 1.2 1.1
(Mar 31 2020)   (Mar 31 2016)




Companies with similar Working Capital Ratio in the quarter ending Jun 30 2023, within Regional Banks Industry Working Capital RatioJun 30 2023 MRQ Current AssetsJun 30 2023 MRQ Current Liabilities
Bm Technologies Inc   2.52 $ 29.349  Millions$ 11.624  Millions
First Ban corp   1.72 $ 29,400.412  Millions$ 17,092.756  Millions
Ecb Bancorp Inc   1.49 $ 1,171.220  Millions$ 786.967  Millions
Choiceone Financial Services Inc   1.47 $ 3,073.370  Millions$ 2,086.388  Millions
1895 Bancorp Of Wisconsin Inc   1.41 $ 525.982  Millions$ 371.888  Millions
Prosperity Bancshares Inc   1.27 $ 35,227.370  Millions$ 27,843.780  Millions
Provident Bancorp Inc   1.26 $ 1,905.342  Millions$ 1,518.086  Millions
Washington Trust Bancorp Inc  1.24 $ 6,577.755  Millions$ 5,314.478  Millions
Metrocity Bankshares inc   1.23 $ 3,330.526  Millions$ 2,702.341  Millions
Hills Bancorporation  1.23 $ 4,033.292  Millions$ 3,290.680  Millions
Cullman Bancorp Inc   1.22 $ 335.476  Millions$ 275.356  Millions
West Bancorporation Inc   1.21 $ 3,462.307  Millions$ 2,867.543  Millions
Rbb Bancorp  1.20 $ 3,805.344  Millions$ 3,175.416  Millions
Bogota Financial Corp   1.19 $ 780.927  Millions$ 656.557  Millions
Third Coast Bancshares Inc   1.18 $ 4,023.912  Millions$ 3,411.803  Millions
Business First Bancshares Inc   1.17 $ 5,915.470  Millions$ 5,045.339  Millions
Cvb Financial Corp   1.17 $ 15,008.705  Millions$ 12,849.894  Millions
Cambridge Bancorp  1.16 $ 5,169.075  Millions$ 4,442.590  Millions
First Northwest Bancorp  1.16 $ 1,974.741  Millions$ 1,697.408  Millions
First Business Financial Services Inc   1.15 $ 2,985.016  Millions$ 2,589.999  Millions
Connectone Bancorp Inc   1.15 $ 8,672.154  Millions$ 7,538.297  Millions
Mercantile Bank Corporation  1.14 $ 4,637.607  Millions$ 4,052.874  Millions
Bar Harbor Bankshares  1.14 $ 3,526.502  Millions$ 3,090.245  Millions
Western Alliance Bancorporation  1.14 $ 58,194.000  Millions$ 51,041.000  Millions
Independent Bank Corp  1.13 $ 17,243.634  Millions$ 15,248.051  Millions
Middlefield Banc Corp   1.12 $ 1,615.129  Millions$ 1,442.319  Millions
First Mid Bancshares Inc   1.11 $ 6,051.576  Millions$ 5,433.099  Millions
Mainstreet Bancshares Inc   1.11 $ 1,796.104  Millions$ 1,623.383  Millions
Columbia Banking System Inc   1.11 $ 45,497.045  Millions$ 41,129.831  Millions
Byline Bancorp Inc   1.10 $ 6,510.887  Millions$ 5,917.092  Millions

Date modified: 2023-08-11T15:04:47+00:00



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