AMESBURY, Mass. - Provident Bancorp Inc. (PVBC) reported a net income of $4.9 million in its fourth quarter, a 0.04% decrease compared to the same period last year.

The bank, headquartered in Amesbury, Massachusetts, had earnings per share of 29 cents. Revenue for the period reached $24.4 million, with net interest income of $15 million, surpassing analysts' estimates.

For the full year, Provident Bancorp recorded a profit of $7.3 million, or 43 cents per share, on revenue of $56.4 million.