Provident Bancorp Balance Sheet Health
Financial Health criteria checks 6/6
Provident Bancorp has total assets of $1.7B and total equity of $227.2M. Total deposits are $1.3B, and total loans are $1.3B. It earns a Net Interest Margin of 3.7%. It has sufficient allowance for bad loans, which are currently at 1.2% of total loans. Cash and short-term investments are $190.9M.
Key information
7.3x
Asset to equity ratio
3.7%
Net interest margin
| Total deposits | US$1.33b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 1.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$190.85m |
Recent financial health updates
Recent updates
Here's Why We Think Provident Bancorp (NASDAQ:PVBC) Might Deserve Your Attention Today
Oct 20
BankProv announces strategic integration with Republic
Aug 16Provident Bancorp goes ex-dividend tomorrow
Aug 10Provident Bancorp (NASDAQ:PVBC) Has Affirmed Its Dividend Of $0.04
Aug 02Provident Bancorp Q2 GAAP EPS, revenue up Y/Y
Jul 28Provident Bancorp's (NASDAQ:PVBC) Dividend Will Be US$0.04
May 03Here's Why I Think Provident Bancorp (NASDAQ:PVBC) Might Deserve Your Attention Today
Jun 07Provident Bancorp goes ex-dividend tomorrow
May 05With EPS Growth And More, Provident Bancorp (NASDAQ:PVBC) Is Interesting
Mar 03Provident Bancorp, Inc. (NASDAQ:PVBC) Passed Our Checks, And It's About To Pay A US$0.03 Dividend
Feb 05
Provident Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 01Should Provident Bancorp, Inc. (NASDAQ:PVBC) Be Part Of Your Dividend Portfolio?
Jan 27Did Provident Bancorp's (NASDAQ:PVBC) Share Price Deserve to Gain 79%?
Dec 21What Is The Ownership Structure Like For Provident Bancorp, Inc. (NASDAQ:PVBC)?
Nov 25Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PVBC's Assets to Equity ratio (7.3x) is low.
Allowance for Bad Loans: PVBC has a sufficient allowance for bad loans (131%).
Low Risk Liabilities: 93% of PVBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: PVBC has an appropriate level of Loans to Assets ratio (81%).
Low Risk Deposits: PVBC's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: PVBC has an appropriate level of bad loans (1.2%).