AMESBURY, Mass. (AP) _ Provident Bancorp Inc. (PVBC) on Thursday reported net income of $3.2 million in its third quarter.

The bank, based in Amesbury, Massachusetts, said it had earnings of 18 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.

The bank holding company posted revenue of $16.1 million in the period. Its revenue net of interest expense was $14.9 million, beating Street forecasts.

Provident Bancorp shares have dropped 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.68, a decline of 25% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVBC at https://www.zacks.com/ap/PVBC

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