Provident Bancorp, INC /MD/

Provident Bancorp has completed its merger with NB Bancorp, resulting in its delisting from NASDAQ and the conversion of its common stock into cash or NB Bancorp shares.

Provident Bancorp, Inc. announced net income of $2.7 million, or $0.16 per diluted share, for the quarter ended September 30, 2025.

Provident Bancorp, Inc. stockholders overwhelmingly approved the proposed acquisition by NB Bancorp, Inc. at a special meeting held on September 16, 2025.

Provident Bancorp, Inc. filed supplemental disclosures to its merger proxy statement to address shareholder lawsuits alleging misleading information and to avoid potential delays to its acquisition by NB Bancorp, Inc.

Provident Bancorp, Inc. announced net income of $2.8 million for the second quarter of 2025, a significant improvement from prior periods, driven by increased net interest income and a credit loss benefit, while progressing its merger with Needham Bank.

NB Bancorp, Inc. and Provident Bancorp, Inc. announced a definitive merger agreement where Needham will acquire Provident in a $211.8 million stock and cash transaction, expanding its presence into the North Shore of Massachusetts and Southern New Hampshire.

Provident Bancorp, Inc. announced significantly improved third-quarter and year-to-date financial results, driven by reduced interest expenses and a credit loss benefit, as its merger with NB Bancorp nears completion.

Provident Bancorp, Inc. reports a significant return to profitability in Q2 2025, driven by improved net interest income and a gain from a sale/leaseback transaction, amidst ongoing merger proceedings with NB Bancorp.

Provident Bancorp's Q1 2025 net income decreased to $2.2 million, impacted by a strategic balance sheet transformation and a reduction in higher-yielding enterprise value loans.

Provident Bancorp's Q3 2024 results show a decrease in net income due to increased credit loss provisions, despite a strategic shift in their loan portfolio and a reduction in non-interest expenses.

Provident Bancorp, Inc. reported a net loss for the second quarter of 2024, primarily due to a significant increase in credit loss provisions.

Provident Bancorp, Inc. reported a significant increase in net income for Q1 2024, driven by a strategic shift towards traditional banking and reduced exposure to higher-risk areas.

Provident Bancorp's 2024 10-K filing reveals a strategic shift in loan portfolio composition amidst a challenging economic landscape, with a focus on traditional commercial real estate and a reduction in digital asset exposure.

Provident Bancorp's 2023 annual report reveals a strategic shift towards traditional banking activities, alongside a decrease in net income and a reduction in the loan portfolio.

Provident Bancorp Director James A. DeLeo's equity holdings were converted to merger consideration following the acquisition by NB Bancorp, Inc.

Provident Bancorp's President and CEO, Joseph B. Reilly, reported the disposition of all his beneficial ownership in the company's common stock and stock options following the merger with NB Bancorp.

Provident Bancorp's EVP and CFO, Kenneth R. Fisher, reported the disposition of all his common stock and stock options following the merger with NB Bancorp.

Provident Bancorp Director Arthur Sullivan disposed of all direct and indirect common stock and stock options following the merger with NB Bancorp, Inc.

Provident Bancorp's EVP and COO, Joseph Mancini, disposed of all his direct and indirect equity and derivative holdings following the merger with NB Bancorp.

Director Dennis Pollack's Form 4 details the conversion of Provident Bancorp shares and options into merger consideration following the NB Bancorp acquisition.

Provident Bancorp, Inc. has filed supplemental disclosures to its merger proxy statement/prospectus in response to shareholder lawsuits alleging misleading information, aiming to avoid delays and litigation costs.

NB Bancorp, Inc. (Needham) is set to acquire Provident Bancorp, Inc. (Provident) in a cash and stock transaction valued at approximately $220.6 million, expanding its market presence in the Northeast.

Provident Bancorp is asking stockholders to vote on key proposals including declassifying the board of directors, electing directors, ratifying the selection of Crowe LLP as the independent auditor, and approving executive compensation.

Provident Bancorp, Inc. announces its 2024 annual meeting of stockholders to be held on May 16, 2024, featuring director elections, ratification of the accounting firm, and an advisory vote on executive compensation.

Stilwell Activist Fund and its affiliates have significantly reduced their stake in Provident Bancorp, Inc. to below 5% after the company announced its sale to NB Bancorp, Inc., expressing satisfaction with the outcome for shareholders.

Stilwell Activist Fund and its affiliates have significantly reduced their beneficial ownership in Provident Bancorp, Inc. to 5.44% after the announced sale of the Issuer to NB Bancorp, Inc., expressing satisfaction with the merger outcome.

Glazer Capital, LLC and Paul J. Glazer have reported a 0% beneficial ownership in Provident Bancorp, Inc. common stock in an amended Schedule 13G filing.

AllianceBernstein L.P. has reported a 5.1% beneficial ownership stake in Provident Bancorp Inc., holding 906,861 shares of common stock for investment purposes.

The Vanguard Group reported a 4.82% beneficial ownership stake in Provident Bancorp Inc. common stock as of September 30, 2025.

M3 Funds, LLC and its affiliates have filed an amendment to their Schedule 13G, indicating they no longer hold any beneficial ownership in Provident Bancorp, Inc.

The Vanguard Group has filed a Schedule 13G, revealing a beneficial ownership of 5.01% of Provident Bancorp Inc.'s Common Stock.

Glazer Capital, LLC and its managing member Paul J. Glazer have disclosed a beneficial ownership of 6.03% of Provident Bancorp, Inc.'s common stock.