Provident Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the three months, total interest and dividend income was $6.678 million against $6.066 million for the same period a year ago. Income before income tax expense was $2.098 million against $1.414 million for the same period a year ago. Net income was $1.451 million against $1.014 million for the same period a year ago. Net Income attributable to common shareholders was $1.413 million against $0.971 million for the same period a year ago. Return on average assets was 0.81% against 0.63% for the same period a year ago. Return on average equity was 5.0% against 5.06% for the same period a year ago.

For the year, total interest and dividend income was $25.452 million against $23.266 million for the same period a year ago. Income before income tax expense was $5.191 million against $6.020 million for the same period a year ago. Net income was $3.823 million against $4.562 million for the same period a year ago. Net Income attributable to common shareholders was $3.656 million against $4.390 million for the same period a year ago. Return on average assets was 0.56% against 0.71% for the same period a year ago. Return on average equity was 4.07% against 6.14% for the same period a year ago.