Provident Bancorp Management
Management criteria checks 3/4
Provident Bancorp's CEO is Joe Reilly, appointed in Feb 2024, has a tenure of less than a year. total yearly compensation is $646.54K, comprised of 70.3% salary and 29.7% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $863.28K. The average tenure of the management team and the board of directors is 2.6 years and 8.3 years respectively.
Key information
Joe Reilly
Chief executive officer
US$646.5k
Total compensation
| CEO salary percentage | 70.3% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | 2.6yrs |
| Board average tenure | 8.3yrs |
Recent management 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 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5m |
| Jun 30 2024 | n/a | n/a | US$7m |
| Mar 31 2024 | n/a | n/a | US$14m |
| Dec 31 2023 | US$647k | US$455k | US$11m |
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | -US$27m |
| Mar 31 2023 | n/a | n/a | -US$25m |
| Dec 31 2022 | US$50k | n/a | -US$21m |
| Sep 30 2022 | n/a | n/a | -US$21m |
| Jun 30 2022 | n/a | n/a | US$20m |
| Mar 31 2022 | n/a | n/a | US$17m |
| Dec 31 2021 | US$50k | n/a | US$16m |
| Sep 30 2021 | n/a | n/a | US$17m |
| Jun 30 2021 | n/a | n/a | US$15m |
| Mar 31 2021 | n/a | n/a | US$15m |
| Dec 31 2020 | US$242k | n/a | US$12m |
| Sep 30 2020 | n/a | n/a | US$10m |
| Jun 30 2020 | n/a | n/a | US$11m |
| Mar 31 2020 | n/a | n/a | US$10m |
| Dec 31 2019 | US$39k | n/a | US$11m |
| Sep 30 2019 | n/a | n/a | US$11m |
| Jun 30 2019 | n/a | n/a | US$10m |
| Mar 31 2019 | n/a | n/a | US$10m |
| Dec 31 2018 | US$261k | n/a | US$9m |
Compensation vs Market: Joe's total compensation ($USD646.54K) is below average for companies of similar size in the US market ($USD1.41M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Joe Reilly (67 yo)
less than a year
Tenure
US$646,538
Compensation
Mr. Joseph B. Reilly, also known as Joe, is President, CEO & Director of Provident Bancorp, Inc. from February 09, 2024. He was Co-CEO, Co-President & Director of Provident Bancorp, Inc. until February 09,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$646.54k | 0.43% $ 863.3k | |
| Executive VP & COO | 3.7yrs | US$631.47k | 0.13% $ 259.7k | |
| Executive VP & CFO | less than a year | no data | no data | |
| VP & Director of Marketing | no data | no data | no data | |
| Executive VP & Chief of Staff of Provident Bank | 9yrs | no data | no data | |
| Senior Vice President of Provident Bank | 3.8yrs | no data | no data | |
| Executive VP & CLO of The Provident Bank | no data | no data | no data | |
| Executive VP & Chief Risk Officer of BankProv | 2.6yrs | no data | no data | |
| Senior Vice President of Sponsor Finance | 2.5yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data | |
| Vice President of Loan Operations at The Provident Bank | no data | no data | no data |
2.6yrs
Average Tenure
47yo
Average Age
Experienced Management: PVBC's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | US$646.54k | 0.43% $ 863.3k | |
| Independent Director | 5yrs | US$54.50k | 0.12% $ 246.7k | |
| Director | less than a year | no data | 0.29% $ 568.4k | |
| Independent Director | 21.9yrs | US$49.50k | 0.18% $ 364.1k | |
| Independent Board Chair | 26.9yrs | US$77.75k | 0.33% $ 659.1k | |
| Independent Director | 8.6yrs | US$43.75k | 0.16% $ 322.7k | |
| Director | less than a year | no data | 0.13% $ 254.4k | |
| Independent Director | 8.6yrs | US$43.25k | 0.60% $ 1.2m | |
| Independent Director | 8.3yrs | US$49.25k | 0.13% $ 253.0k | |
| Independent Director | 2.9yrs | US$51.50k | 0.093% $ 186.0k |
8.3yrs
Average Tenure
65yo
Average Age
Experienced Board: PVBC's board of directors are considered experienced (8.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Provident Bancorp, Inc. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Kitsis | Piper Sandler Companies |
| null null | Stephens, Inc. |
| Matthew Breese | Stephens, Inc. |