{"schema_version":"secwatch.filing_event.v1","accession":"0001778784-24-000013","form_type":"8-K","ticker":null,"cik":"0001778784","company_name":"Provident Bancorp, Inc. /MD/","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.050061+00:00","generated_at":"2026-06-03T08:10:31.465649+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Provident Bancorp Q1 net income $5.0M ($0.30 EPS), up from $2.1M a year ago","bullets":["Net income $5.0M vs $2.1M in Q1 2023; diluted EPS $0.30 vs $0.13.","Net interest income $12.5M, down 8.0% from Q4 2023 and 21.1% from Q1 2023.","Credit loss benefit of $5.6M drove allowance reduction to 1.18% of loans.","Non-performing assets fell to $12.4M (0.74% of assets) from $16.5M at Dec 2023.","Exited last digital asset lending relationship in early April; no remaining exposure."],"urls":{"canonical":"https://secwatch.observer/filing/0001778784-24-000013","json":"https://secwatch.observer/filing/0001778784-24-000013.json","markdown":"https://secwatch.observer/filing/0001778784-24-000013.md","text":"https://secwatch.observer/filing/0001778784-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778784/000177878424000013/0001778784-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778784/000177878424000013/pvbc-20240425x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:10:31.465649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6cd9c796fad96f04f454c25f7b1541d88350407f","claim":"Provident Bancorp, Inc. /MD/ reported the quarter ended March 31, 2024 results: net income $5.0 million, EPS $0.30 per diluted share.","evidence_excerpt":"Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778784/000177878424000013/0001778784-24-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$5.0 million"},{"label":"EPS","value":"$0.30 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}