Provident Bancorp is a bank holding company. Through its subsidiary, BankProv, Co. is a stock savings bank for corporate clients, focusing on providing banking solutions to various markets. Co.'s lending activities include: commercial business loans, commercial real estate loans, multi-family residential real estate loans, construction and land development loans, and mortgage warehouse loans. Co. accepts deposits through the provision of a selection of deposit instruments, including noninterest-bearing demand deposits (such as checking accounts), interest-bearing demand accounts (such as NOW and money market accounts), savings accounts and certificates of deposit. The PVBC average annual return since 2015 is shown above.
The Average Annual Return on the PVBC average annual return since 2015 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether PVBC average annual return since 2015 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the PVBC average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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