AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Friday reported net income of $2.7 million in its fourth quarter.

The Amesbury, Massachusetts-based bank said it had earnings of 16 cents per share.

The bank holding company posted revenue of $23 million in the period. Its revenue net of interest expense was $20.7 million, exceeding Street forecasts.

For the year, the company reported profit of $21.5 million, or $1.30 per share. Revenue was reported as $81.2 million.

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