 AMESBURY, Mass., April 22, 2021 GLOBE NEWSWIRE -- Provident Bancorp, Inc. the Company NasdaqCM: PVBC, the holding company for The Provident Bank the Bank, reported net income for the three months ended March 31, 2021 of 4.3 million, or 0.24 per diluted share, compared to 1.2 million, or 0.07 per diluted share, for the three months ended March 31, 2020. The increase in net income is primarily attributable to the impact COVID-19 had on the 2020 provision for loan losses which were 3.1 million for the three months ended March 31, 2020 compared to 753,000 for the same period in 2021. 