Provident Bancorp Inc (PVBC) - Net Assets
Based on the latest financial reports, Provident Bancorp Inc (PVBC) has net assets worth $241.03 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.49 Billion) and total liabilities ($1.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Provident Bancorp Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $241.03 Million |
| % of Total Assets | 16.16% |
| Annual Growth Rate | 11.49% |
| 5-Year Change | -2.02% |
| 10-Year Change | 127.88% |
| Growth Volatility | 24.5 |
Provident Bancorp Inc - Net Assets Trend (2013–2024)
This chart illustrates how Provident Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Also explore Provident Bancorp Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Provident Bancorp Inc (2013–2024)
The table below shows the annual net assets of Provident Bancorp Inc from 2013 to 2024. For live valuation and market cap data, see market cap of Provident Bancorp Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $231.09 Million | +4.14% |
| 2023-12-31 | $221.90 Million | +6.92% |
| 2022-12-31 | $207.54 Million | -11.22% |
| 2021-12-31 | $233.78 Million | -0.88% |
| 2020-12-31 | $235.86 Million | +2.07% |
| 2019-12-31 | $231.07 Million | +84.00% |
| 2018-12-31 | $125.58 Million | +8.47% |
| 2017-12-31 | $115.78 Million | +6.07% |
| 2016-12-31 | $109.15 Million | +7.64% |
| 2015-12-31 | $101.41 Million | +33.80% |
| 2014-12-31 | $75.79 Million | +8.54% |
| 2013-12-31 | $69.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Provident Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 120.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $113.56 Million | 49.14% |
| Common Stock | $178.00K | 0.08% |
| Other Comprehensive Income | $-1.62 Million | -0.70% |
| Other Components | $118.97 Million | 51.48% |
| Total Equity | $231.09 Million | 100.00% |
Provident Bancorp Inc Competitors by Market Cap
The table below lists competitors of Provident Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Studsvik AB
ST:SVIK
|
$240.13 Million |
|
Lotte Chemical Titan Holding BHD
KLSE:5284
|
$240.16 Million |
|
Challenger Gold Ltd
AU:CEL
|
$240.25 Million |
|
Sangsin Energy Display Precision Co.Ltd
KQ:091580
|
$240.26 Million |
|
Lavipharm S.A
AT:LAVI
|
$240.04 Million |
|
Rani Zim Shopping Centers
TA:RANI
|
$240.02 Million |
|
Rackspace Technology Inc
NASDAQ:RXT
|
$239.95 Million |
|
Selvas Ai Inc.
KQ:108860
|
$239.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Provident Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 221,902,000 to 231,087,000, a change of 9,185,000 (4.1%).
- Net income of 7,271,000 contributed positively to equity growth.
- Share repurchases of 56,000 reduced equity.
- Other comprehensive income decreased equity by 129,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.27 Million | +3.15% |
| Share Repurchases | $56.00K | -0.02% |
| Other Comprehensive Income | $-129.00K | -0.06% |
| Other Changes | $2.10 Million | +0.91% |
| Total Change | $- | 4.14% |
Book Value vs Market Value Analysis
This analysis compares Provident Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.84x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $7.35 | $13.50 | x |
| 2014-12-31 | $7.98 | $13.50 | x |
| 2015-12-31 | $10.68 | $13.50 | x |
| 2016-12-31 | $11.89 | $13.50 | x |
| 2017-12-31 | $12.58 | $13.50 | x |
| 2018-12-31 | $6.68 | $13.50 | x |
| 2019-12-31 | $12.78 | $13.50 | x |
| 2020-12-31 | $13.01 | $13.50 | x |
| 2021-12-31 | $13.51 | $13.50 | x |
| 2022-12-31 | $12.59 | $13.50 | x |
| 2023-12-31 | $13.37 | $13.50 | x |
| 2024-12-31 | $13.77 | $13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Provident Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.72%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.89x
- Recent ROE (3.15%) is below the historical average (4.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.75% | 14.98% | 0.04x | 8.95x | $-2.97 Million |
| 2014 | 6.02% | 16.79% | 0.04x | 8.69x | $-3.02 Million |
| 2015 | 3.77% | 13.07% | 0.04x | 7.33x | $-6.32 Million |
| 2016 | 5.81% | 19.02% | 0.04x | 7.29x | $-4.58 Million |
| 2017 | 6.84% | 17.31% | 0.05x | 7.79x | $-3.66 Million |
| 2018 | 7.43% | 20.05% | 0.05x | 7.76x | $-3.23 Million |
| 2019 | 4.68% | 19.42% | 0.05x | 4.86x | $-12.29 Million |
| 2020 | 5.08% | 18.74% | 0.04x | 6.38x | $-11.60 Million |
| 2021 | 6.90% | 23.30% | 0.04x | 7.40x | $-7.24 Million |
| 2022 | -10.34% | -25.39% | 0.05x | 7.88x | $-42.22 Million |
| 2023 | 4.94% | 11.39% | 0.06x | 7.53x | $-11.24 Million |
| 2024 | 3.15% | 7.72% | 0.06x | 6.89x | $-15.84 Million |
Industry Comparison
This section compares Provident Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Provident Bancorp Inc (PVBC) | $241.03 Million | 5.75% | 5.19x | $240.07 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Provident Bancorp Inc
Provident Bancorp, Inc. operates as the bank holding company for BankProv that provides various banking services to commercial and consumer clients in the United States. The company offers checking, term certificate, NOW, money market, and savings accounts, as well as certificates of deposit. It also provides commercial business, commercial real estate, multi-family, construction and land develop… Read more