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Provident Bank, The

Amesbury, MA · Cert 90141

FDIC · 7 branches

Q3 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q3 2025, the quarter ended September 30, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

54

Q2 2024Q3 2025peer median (50)

Asset Quality

38

Q2 2024Q3 2025peer median (50)

Profitability

58

Q2 2024Q3 2025peer median (50)

Liquidity

98

Q2 2024Q3 2025peer median

Efficiency

39

Q2 2024Q3 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Provident Bank, The

Amesbury, MA · Cert 90141

FDIC · 7 branches

Q3 2025

$1.5BAssets
$1.3BLoans
$1.3BDeposits
$215.9MEquity
Loan mix
62%RE $632.2M38%C&I $386.2M0%Consumer $0.0MQ3 2024Q3 2025
Deposit mix
76%Interest-bearing $952.1M24%Noninterest $298.1MQ3 2024Q3 2025

NIM

5.20%Q3 ’235.64%Q3 ’245.52%Q3 ’25-10%+10%

Non-interest income vs. expense

3.01%Q3 ’233.07%Q3 ’242.96%Q3 ’25+2%-5%

Market Position · Boston-Cambridge-Newton, MA-NH · 2025 SOD (annual) · 0.2% share · #37 of 107 inst. · $1.0B of $536.6B

2.1% Essex
2.0% Hillsborough
2.5% Rockingham

Executive Summary

  • Earnings: ROA of 0.73%, up 55 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 2.71% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.18%, up 152 bps from a year ago.
  • Funding: loans stand at 101.70% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

0.73%+55 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+32 bps YoY

Efficiency Ratio (YTD, annualized)

76.19%-1,095 bps YoY

Tier 1 Leverage Ratio

14.18%+152 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets0.18%0.43%0.54%0.75%0.73%+55 bps
Return on Equity1.49%3.56%4.14%5.59%5.34%+385 bps
Net Interest Margin3.11%3.13%3.41%3.44%3.44%+32 bps
Efficiency Ratio87.14%81.88%80.38%75.34%76.19%-1,095 bps
Non-Interest Burden2.66%2.49%2.66%2.47%2.51%-14 bps
Growth
Asset Growth (YoY)-8.85%-4.63%-6.33%-6.44%-9.51%-66 bps
Loan Growth (YoY)5.30%-1.20%-1.79%-4.05%-9.74%-1,504 bps
Deposit Growth (YoY)-13.30%-1.61%-10.88%-0.50%-4.31%+899 bps
Asset Quality
Nonperforming Loans / Loans2.64%1.57%2.36%2.62%2.71%+7 bps
Net Charge-Offs / Loans0.21%0.10%0.00%0.00%0.00%-21 bps
Allowance / Loans1.56%1.59%1.59%1.58%1.61%+5 bps
Allowance Coverage of NPLs0.6x1.0x0.7x0.6x0.6x0.0x
Capital
Tier 1 Leverage Ratio12.66%12.74%13.80%13.91%14.18%+152 bps
Total Risk-Based Capital13.87%12.74%13.80%13.91%14.18%+31 bps
Equity / Assets12.15%12.88%13.39%13.78%14.47%+233 bps
Liquidity & Funding
Loans / Deposits107.82%99.92%110.73%102.98%101.70%-612 bps
Liquid Assets / Assets6.62%8.89%6.66%6.96%7.34%+72 bps
CRE / Total Capitaln/an/an/an/a276%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Provident Bank, The

Amesbury, MA · Cert 90141 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28)

FDIC · 7 branches

Q3 2025

$1.5BAssets
$1.3BLoans
$1.3BDeposits
$215.9MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 82% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 5 of 28).
  • Widest gap: nonperforming loans / loans trails 86% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 25 of 28).
  • Overall: at or above the peer median on 5 of 10 directional measures.

Return on Assets

0.75%

Rank 11 of 28

Net Interest Margin

3.44%

Rank 5 of 28

Efficiency Ratio

76.19%

Rank 18 of 28

Equity / Assets

14.47%

Rank 6 of 28

Non-interest income vs. expense

$6.9M$45.2MINCOMEEXPENSE
Unfavorable gap of $38.3M · efficiency ratio beats 39% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 76.19%Peer median 73.9%Q2 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.75%0.44%0.70%1.00%Beats 61%11 / 28
Return on Equity5.21%4.61%6.07%8.11%Beats 32%19 / 28
Net Interest Margin3.44%2.25%2.56%3.28%Beats 82%5 / 28
Efficiency Ratio76.19%60.44%73.86%76.72%Beats 39%18 / 28
Asset Quality
Nonperforming Loans / Loans2.71%0.21%0.50%0.77%Beats 14%25 / 28
Net Charge-Offs / Loans0.00%0.00%0.01%0.10%Beats 61%12 / 28
Capital
Tier 1 Capital Ratio14.18%13.02%14.18%16.41%Beats 50%14 / 28
Total Risk-Based Capital Ratio14.18%13.94%14.88%17.05%Beats 32%19 / 28
Equity / Assets14.47%9.70%11.02%13.40%Beats 79%6 / 28
Liquidity & Funding
Loans / Deposits101.70%95.79%102.11%107.40%43rd pctl16 / 28
Loans / Assets85.24%77.96%80.54%85.11%79th pctl6 / 28
Brokered Deposits / Deposits12.00%n/a6.14%11.95%Beats 21%23 / 28