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

PVBC's Revenue Growth by Quarter and Year

Provident Bancorp Inc 's Revenue results by quarter and year




PVBC Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 21.65 16.41 15.42
III Quarter September - -35.22 17.10 14.15
II Quarter June 17.67 19.15 14.04 12.87
I Quarter March 15.98 19.16 15.17 9.98
FY   33.65 24.74 62.72 52.42



PVBC Revenue second quarter 2023 Y/Y Growth Comment
Provident Bancorp Inc reported decrease in Revenue in the second quarter 2023 by -7.72% to $ 17.67 millions, from the same quarter in 2022.
The decrease in the second quarter 2023 Provident Bancorp Inc 's Revenue compares unfavorably to the Company's average Revenue increase of 16.48%.

Looking into second quarter 2023 results within Regional Banks industry 157 other companies have achieved higher Revenue growth. While Provident Bancorp Inc ' s Revenue decline of -7.72% ranks overall at the positon no. 2867 in the second quarter 2023.




PVBC Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 31.93 % 6.42 % 27.12 %
III Quarter September - - 20.85 % 25.67 %
II Quarter June -7.72 % 36.4 % 9.09 % 32.14 %
I Quarter March -16.6 % 26.3 % 52 % -2.25 %
FY   - -60.55 % 19.65 % 20.95 %

Financial Statements
Provident Bancorp Inc 's second quarter 2023 Revenue $ 17.67 millions PVBC's Income Statement
Provident Bancorp Inc 's second quarter 2022 Revenue $ 19.15 millions Quarterly PVBC's Income Statement
New: More PVBC's historic Revenue Growth >>


PVBC Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - - -4.04 % 8.98 %
III Quarter September - - 21.79 % 9.95 %
II Quarter June 10.58 % -0.05 % -7.45 % 28.96 %
I Quarter March -26.19 % 16.76 % -1.62 % -17.72 %
FY (Year on Year)   - -60.55 % 19.65 % 20.95 %




Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #158
Financial Sector #664
Overall #2867

Revenue Y/Y Growth Statistics
High Average Low
62.95 % 16.48 % -18.79 %
(Dec 31 2017)   (Dec 31 2018)
Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #158
Financial Sector #664
Overall #2867
Revenue Y/Y Growth Statistics
High Average Low
62.95 % 16.48 % -18.79 %
(Dec 31 2017)   (Dec 31 2018)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Provident Bancorp Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
28.89 % 3.81 % -27.84 %
(Jun 30 2020)  


PVBC's II. Quarter Q/Q Revenue Comment
Provident Bancorp Inc achieved in the II. Quarter 2023 above company average sequential Revenue rise of 10.58%, to $ 17.67 millions, from $15.98 millions in the first quarter.
Regional Banks company is going from strength to strength, not just recording higher then normal growth, and also improving speed.

Within Regional Banks industry 25 other companies have achieved higher Revenue quarter on quarter growth. While Provident Bancorp Inc 's Revenue growth quarter on quarter, overall rank is 1063.


Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #26
Financial Sector #168
Overall #1063
Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #26
Financial Sector #168
Overall #1063
Revenue Q/Q Growth Statistics
High Average Low
28.89 % 3.81 % -27.84 %
(Jun 30 2020)  


PVBC's II. Quarter Q/Q Revenue Comment
Provident Bancorp Inc achieved in the II. Quarter 2023 above company average sequential Revenue rise of 10.58%, to $ 17.67 millions, from $15.98 millions in the first quarter.
PVBC is going from strength to strength, not only recording better then average increase, but also accelerating rate, Luciana Greco, an industry researcher said.

Within Regional Banks industry 25 other companies have achieved higher Revenue quarter on quarter growth. While Provident Bancorp Inc 's Revenue growth quarter on quarter, overall rank is 1063.


Provident Bancorp Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Revenue 12 Months Ending $ 20.09 $ 21.57 $ 24.75 $ 19.51 $ 71.82
Y / Y Revenue Growth (TTM) -72.02 % -67.66 % -60.53 % -68.4 % 22.18 %
Year on Year Revenue Growth Overall Ranking # 960 # 1150 # 1016 # 1068 # 1154
Seqeuential Revenue Change (TTM) -6.87 % -12.84 % 26.9 % -72.84 % 7.67 %
Seq. Revenue Growth (TTM) Overall Ranking # 1617 # 2016 # 2213 # 2239 # 873




Cumulative Revenue growth Comment
Provident Bancorp Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -72.02% year on year, at Jun 30 2023 compare to the -67.66% decrease at Mar 31 2023. If the Provident Bancorp Inc 's fiscal year would end at Jun 30 2023, annual Revenue would be $20 millions.

In the Financial sector 174 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 960, from total ranking in previous quarter at 1150.

Revenue TTM Q/Q Growth Statistics
High Average Low
336.25 %
39.47 %
-72.02 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 96
Financial Sector # 175
Overall # 960

Revenue TTM Y/Y Growth Statistics
High Average Low
336.25 %
39.47 %
-72.02 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 96
Sector # 354
S&P 500 # 1617
Cumulative Revenue growth Comment
Provident Bancorp Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -72.02% year on year, at Jun 30 2023 compare to the -67.66% decrease at Mar 31 2023. If the Provident Bancorp Inc 's fiscal year would end at Jun 30 2023, annual Revenue would be $20 millions.

In the Financial sector 174 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 960, from total ranking in previous quarter at 1150.

Revenue TTM Q/Q Growth Statistics
High Average Low
336.25 %
39.47 %
-72.02 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 96
Financial Sector # 175
Overall # 960

Revenue TTM Y/Y Growth Statistics
High Average Low
336.25 %
39.47 %
-72.02 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 96
Sector # 354
S&P 500 # 1617




Other Revenue Growth
Regional Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
PVBC's Revenue Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for PVBC's Competitors
Revenue Growth for Provident Bancorp Inc 's Suppliers
Revenue Growth for PVBC's Customers

You may also want to know
PVBC's Annual Growth Rates PVBC's Profitability Ratios PVBC's Asset Turnover Ratio PVBC's Dividend Growth
PVBC's Roe PVBC's Valuation Ratios PVBC's Financial Strength Ratios PVBC's Dividend Payout Ratio
PVBC's Roa PVBC's Inventory Turnover Ratio PVBC's Growth Rates PVBC's Dividend Comparisons



Companies with similar Revenue drop for the quarter ending Jun 30 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Jun 30 2023
Franklin Financial Services Corporation-0.06%$ -0.062 millions
Republic Bancorp inc -0.07%$ -0.067 millions
Eagle Financial Services Inc -0.08%$ -0.078 millions
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Guaranty Bancshares Inc -1.08%$ -1.081 millions
Smartfinancial Inc -1.15%$ -1.150 millions
Morgan Group Holding Co-1.32%$ -1.317 millions
Marketaxess Holdings Inc -1.41%$ -1.411 millions
First Ban corp -1.51%$ -1.505 millions
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