Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter

Noninterest expense was $11.6 million for the quarter ended June 30, 2024, compared to $12.7 million for the quarter ended March 31, 2024, and $12.8 million for the quarter ended June 30, 2023. The decrease of $1.1 million, or 9.0%, compared to the prior quarter was primarily due to an $852,000, or 10.5%, decrease in salaries and employee benefits and a decrease in professional fees of $330,000, or 25.1%. The decrease in noninterest expense of $1.2 million, or 9.1%, from the prior year quarter, was primaril ...