Welcome to our dedicated page for Provident Bancorp SEC filings (Ticker: PVBC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings for Provident Bancorp, Inc. (PVBC) document the company’s history as a NASDAQ-listed bank holding company and its eventual merger into NB Bancorp, Inc. As the parent of BankProv, a full-service commercial bank headquartered in Massachusetts, Provident used its periodic reports to present detailed information on loan portfolios, deposit funding, credit loss allowances, capital ratios, and other key banking metrics.
Investors examining PVBC’s annual reports on Form 10-K and quarterly reports on Form 10-Q can trace how management described the composition of commercial real estate, construction and land development, mortgage warehouse, commercial, enterprise value, and consumer loans, as well as the evolution of interest income, interest expense, and noninterest items. These filings also discuss the bank’s use of FDIC and Depositors Insurance Fund (DIF) coverage to insure 100% of deposits, and its categorization as well capitalized under FDIC prompt corrective action standards during the periods reported.
Later filings focus on the company’s strategic transaction with NB Bancorp. An 8-K filed on June 5, 2025 describes the Agreement and Plan of Merger, while subsequent 8-Ks filed on September 17, 2025 report the stockholder vote approving the merger. The 8-K filed on November 17, 2025 provides a detailed account of the completion of the merger, including the sequence of the Merger, HoldCo Merger, and Bank Merger, the consideration received by PVBC shareholders, and the resulting change in control.
The same November 17, 2025 filing explains PVBC’s delisting and deregistration process: Provident notified NASDAQ to suspend trading and requested a Form 25 filing to remove its listing, and NB Bancorp, as successor, indicated its intention to file a Form 15 to terminate registration and suspend ongoing reporting obligations. Together, these documents form a comprehensive regulatory record of PVBC’s operations, financial condition, and corporate transformation.
On this page, users can access PVBC’s historical SEC filings and use AI-powered tools to quickly interpret complex sections, such as credit quality discussions, capital disclosures, and transaction terms, providing context for how Provident Bancorp evolved from an independent regional bank holding company into part of NB Bancorp and Needham Bank.
Provident Bancorp, Inc. (PVBC)0.691 shares of NB Bancorp common stock or $13.00 in cash, with proration to keep roughly half of the shares in stock and half in cash. The director’s directly held shares and shares held through an IRA, spouse, and children all went to zero as they were converted into this merger consideration. Unvested restricted stock fully vested at the effective time and was treated as outstanding for payment. All outstanding stock options, including options with exercise prices of $10.40 and $8.6087 covering 25,500 and 21,108 shares of common stock, were cancelled and exchanged for cash equal to their in-the-money value, after taxes.
Provident Bancorp, Inc. (PVBC)
Provident Bancorp, Inc. (PVBC) director reports merger-related share and option disposition. On 11/15/2025, the reporting person disposed of 21,362 shares of Provident Bancorp common stock, leaving no directly owned shares after the transaction. This followed the completion of a merger under a June 5, 2025 Merger Agreement among NB Bancorp, Inc., Needham Bank, 1828 MS, Inc., Provident Bancorp, and BankProv.
At the merger’s effective time, each Provident Bancorp share was converted into the right to elect either 0.691 shares of NB Bancorp common stock or $13.00 in cash, subject to proration so that 50% of Provident Bancorp shares receive stock consideration. All unvested restricted stock vested and became entitled to this merger consideration, and 25,500 outstanding stock options with an $11.17 exercise price were cancelled in exchange for a cash amount based on the merger consideration, net of withholding taxes.
Provident Bancorp, Inc. (PVBC)0.691 shares of NB Bancorp common stock or $13.00 in cash, subject to proration so that 50% of the shares are exchanged for stock and 50% for cash. All unvested restricted stock fully vested at the merger’s effective time and became eligible for this consideration. Each outstanding stock option was cancelled in exchange for cash equal to the excess, if any, of the merger consideration over its exercise price, multiplied by the number of option shares.
Provident Bancorp, Inc. (PVBC) has completed its previously announced merger with NB Bancorp, Inc. and related entities. Effective at 12:01 a.m. Eastern Time on November 15, 2025, 1828 MS, Inc. merged into Provident Bancorp, which then merged into NB Bancorp, and BankProv merged into Needham Bank, completing the overall transaction.
Each share of Provident Bancorp common stock outstanding immediately before the effective time was converted into the right to receive, at the holder’s election, either 0.691 shares of NB Bancorp common stock or $13.00 in cash, subject to proration so that 50% of Provident shares are exchanged for stock. Cash is paid instead of fractional NB Bancorp shares.
As a result of the merger, Provident Bancorp common stock will be delisted from NASDAQ, its registration under the Exchange Act will be terminated, and former Provident stockholders now only have rights to receive the merger consideration. Provident’s directors and executive officers have ceased serving, and NB Bancorp continues as the surviving entity’s governing framework.
Provident Bancorp (PVBC) reported stronger Q3 2025 results and advanced its merger process. Net income rose to $2.670 million from $716 thousand a year ago, with diluted EPS of $0.16. Net interest and dividend income was $13.186 million versus $12.409 million last year.
Total assets were $1.492 billion, down from $1.593 billion at year-end. Loans stood at $1.271 billion, and deposits were $1.232 billion. Borrowings declined sharply to $7.462 million from $44.563 million, reflecting reduced short-term debt. The allowance for credit losses on loans was $20.414 million. Nonaccrual loans increased, led by enterprise value credits at $32.422 million.
Merger update: Shareholders approved the acquisition by NB Bancorp. Holders may elect either 0.691 NB Bancorp shares or $13.00 in cash per PVBC share, subject to proration to deliver 50% stock consideration. All required regulatory approvals were received, and closing is expected on or about November 15, 2025. As of November 3, 2025, shares outstanding were 17,782,946.
Provident Bancorp, Inc. (PVBC) furnished an earnings press release for the quarter ended September 30, 2025. The company reported that, on October 23, 2025, it issued a press release detailing its quarterly results, which is attached as Exhibit 99.1. The disclosure is being furnished under Item 2.02 and is not deemed filed for purposes of Section 18 of the Exchange Act. The filing confirms PVBC’s common stock trades on The NASDAQ Stock Market LLC under the symbol PVBC.
Provident Bancorp, Inc. reported the results of a Special Meeting of Stockholders held September 16, 2025 to vote on a proposed acquisition by NB Bancorp, Inc. (Needham). Stockholders approved the Agreement and Plan of Merger with Needham by a vote of 11,985,629 in favor, 103,856 opposed and 2,153 abstentions. An advisory (non-binding) vote on specified compensation for the company’s named executive officers in connection with the merger received 7,305,003 votes in favor, 4,397,758 opposed and 388,877 abstentions. The meeting related to proposals described in the joint proxy statement/prospectus filed by Needham on Form S-4 and supplemented by the Company’s Form 8-K filed September 5, 2025.
Provident Bancorp, Inc. (PVBC) received a Schedule 13G/A filing from a group of related filers — M3 Funds, LLC; M3 Partners, LP; M3F, Inc.; Jason A. Stock; and William C. Waller — reporting that none of the filers hold beneficial ownership in the company's common stock (CUSIP 74383L105). The filing notes the reportable event date of 06/30/2025 and includes signatures dated 08/14/2025. The registrants list Provident Bancorp's executive office at 5 Market Street, Amesbury, MA, and indicate 0 shares (0%) beneficially owned by each reporting person, with no sole or shared voting or dispositive power.
The document is a routine amendment to Schedule 13G/A clarifying ownership positions and contains no disclosed acquisitions, dispositions, or holdings that would affect control of the issuer.
NB Bancorp (NBBK) will acquire Provident Bancorp (PVBC) and its subsidiary BankProv through a three-step merger structure. Merger Sub will first merge into PVBC, then PVBC into NBBK, followed by BankProv into Needham Bank. Completion is targeted for Q4 2025, pending shareholder and regulatory approvals.
Consideration: For each PVBC share, holders may elect (i) 0.691 NBBK shares or (ii) $13.00 cash; elections are prorated so that total consideration is 50 % stock / 50 % cash. Using NBBK’s prices of $16.65 on 5-Jun-25 and $17.99 on 29-Jul-25, the stock option implied $11.51 and $12.43 per PVBC share, respectively; the fixed cash option represents a ~14 % premium to the pre-announcement PVBC price of $11.37.
Ownership & dilution: PVBC holders will own ~14.54 % of the combined company; NBBK issues ~5.9 m new shares.
Key dates & votes: PVBC special meeting held virtually on 16-Sep-2025; merger needs majority of outstanding PVBC shares. No appraisal rights are available.
Other terms: $8.5 m termination fee payable by PVBC in certain circumstances; all PVBC equity awards vest at closing. Executive “golden-parachute” compensation will be subject to an advisory vote. Regulatory approvals required from the Federal Reserve and Massachusetts Commissioner of Banks.