Avidia Bancorp, Inc. (AVBC)
Avidia Bancorp, Inc., which serves as the parent entity for Avidia Bank, delivers a comprehensive array of financial products and services to individual consumers and corporate clients alike. Its deposit offerings include diverse checking accounts (both interest and non-interest-bearing), savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The company also extends a broad spectrum of credit facilities, such as commercial and industrial loans, various residential mortgages (including single-family, home equity, and second mortgages), multi-family and commercial real estate financing, construction and land development loans, alongside consumer loans like auto and general business term loans. Furthermore, Avidia provides payment processing solutions and strategically invests in securities, primarily composed of U.S. Treasury, government agency, and municipal bonds. Established in 1869, the corporation maintains its principal office in Hudson, Massachusetts.
Sector: Savings Institutions, Not Federally Chartered
Industry: Banks - Regional
Avidia Bancorp, Inc.
NYSE:AVBCFinancial Services · Banks - Regional
+1.39%$22.66
AH Close$22.66+0.00%vs close
AH Close$22.66+0.00%vs close
Mkt Cap$452.53M
Float17.79M
O/S19.97M
Inst Own35.7%
SI2.7%
Div Yield0.71%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$147.61M
Net Income-$3.29M
Total Assets$2.84B
Free Cash Flow$0
Debt & Equity
Debt 43%
Equity 57%
Total Debt$287.81M
Total Equity$378.99M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AVBC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.84B
Liabilities$2.46B
Accounts Receivable$8.54M
Accounts Payable$0
Inventory$0
PP&E (Net)$29.18M
Goodwill$11.94M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $147.61M | $140.75M | $124.65M | $88.85M | $87.08M | $72.97M |
| YoY Growth | 4.9% | 12.9% | 40.3% | 2.0% | 19.3% | - |
| Cost of Revenue | $65.48M | $52.25M | $41.7M | $0 | $0 | $0 |
| Gross Profit | $82.12M | $88.5M | $82.94M | $88.85M | $87.08M | $72.97M |
| Gross Margin | 55.6% | 62.9% | 66.5% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $46.07M | $40.49M | $49.7M | $0 | $0 | $0 |
| Other | $41.74M | $32.61M | $16.73M | $0 | $0 | $0 |
| Total Operating Expenses | $87.81M | $73.1M | $66.43M | $0 | $0 | $0 |
| Operating Income (EBIT) | -$5.68M | $15.4M | $16.51M | $88.85M | $87.08M | $72.97M |
| Operating Margin | -3.9% | 10.9% | 13.2% | 100.0% | 100.0% | 100.0% |
| Interest Expense | $44.04M | $50.47M | $39.79M | $0 | $0 | $0 |
| Interest Income | $130.58M | $123.73M | $111.12M | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | -$76.54M | -$64.11M | -$57.86M |
| Income Before Tax (EBT) | -$5.68M | $15.4M | $16.51M | $12.31M | $22.98M | $15.11M |
| Income Tax Expense | -$2.39M | $3.92M | $4.07M | $3.35M | $5.62M | $3.42M |
| Net Income | -$3.29M | $11.48M | $12.44M | $8.96M | $17.35M | $11.69M |
| Net Income Margin | -2.2% | 8.2% | 10.0% | 10.1% | 19.9% | 16.0% |
| Supplementary Data | ||||||
| EPS | -0.18 | 0.57 | 0.62 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | -0.18 | 0.57 | 0.62 | 0.00 | 0.00 | 0.00 |
| Weighted Average OS | 18.53M | 20.08M | 20.08M | 20.08M | 20.08M | 20.08M |
| EBITDA | -$2.68M | $18.41M | $19.55M | $0 | $0 | $0 |
| EBITDA Margin | -1.8% | 13.1% | 15.7% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $15.9M | $62.44M | $70.34M | $77.85M | $310.7M | $135.65M |
| Short-Term Investments | $0 | $266.93M | $248.49M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $15.9M | $329.37M | $318.83M | $77.85M | $310.7M | $135.65M |
| Accounts Receivable | $8.54M | $8.9M | $8.62M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $24.44M | $338.27M | $327.45M | $77.85M | $310.7M | $135.65M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $29.18M | $28.5M | $28.45M | $26.82M | $23.71M | $21.87M |
| Goodwill | $11.94M | $11.94M | $11.94M | $11.94M | $11.94M | $11.94M |
| Intangible Assets | $0 | $3.49M | $3.33M | $0 | $0 | $0 |
| Long-Term Investments | $2.7B | $2.19B | $2.14B | $0 | $0 | $0 |
| Deferred Tax Assets | $10.37M | $12.79M | $14.39M | $0 | $0 | $0 |
| Other Long-Term Assets | $60.82M | $68.49M | $73.05M | $2.37B | $1.97B | $1.85B |
| Total Long-Term Assets | $2.81B | $2.32B | $2.27B | $2.41B | $2.01B | $1.88B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.84B | $2.66B | $2.6B | $2.48B | $2.32B | $2.02B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $165M | $246M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.38B | $2.07B | $1.95B | $0 | $0 | $0 |
| Total Current Liabilities | $1.38B | $2.23B | $2.2B | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $287.81M | $187.68M | $182.54M | $323.91M | $62.16M | $44.85M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$287.81M | $43.2M | $38.09M | $2B | $2.07B | $1.8B |
| Total Long-Term Liabilities | $0 | $230.88M | $220.63M | $2.32B | $2.13B | $1.85B |
| Other Liabilities | $1.08B | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.46B | $2.46B | $2.42B | $2.32B | $2.13B | $1.85B |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $201K | $0 | $0 | $0 | $184M | $166.72M |
| Retained Earnings | $211.98M | $215.27M | $203.79M | $192.96M | $0 | $0 |
| Comprehensive Income & Other | -$12.83M | -$21.44M | -$22.99M | -$31.79M | -$827K | $5.54M |
| Other Stockholders' Equity | $166.81M | -$21.44M | -$22.99M | -$31.79M | -$827K | $5.54M |
| Total Equity | $378.99M | $193.83M | $180.8M | $161.17M | $183.17M | $172.26M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.84B | $2.66B | $2.6B | $2.48B | $2.32B | $2.02B |
| Supplementary Data | ||||||
| Total Debt | $287.81M | $352.68M | $428.54M | $323.91M | $62.16M | $44.85M |
| Net Debt | $271.91M | $290.24M | $358.2M | $246.06M | -$248.54M | -$90.79M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$3.29M | $11.48M | $12.44M | $8.96M | $17.35M | $11.69M |
| Depreciation & Amortization | $3M | $3M | $3.04M | $0 | $0 | $0 |
| Deferred Income Tax | $0 | -$543K | $338K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | -$276K | -$1.31M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $7.83M | $1.79M | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $7.55M | $480K | $0 | $0 | $0 |
| Other Non-Cash Items | $288K | $1.73M | -$693K | -$8.96M | -$17.35M | -$11.69M |
| Net Cash from Operating | $0 | $23.22M | $15.6M | $0 | $0 | $0 |
| Investing Activities | ||||||
| Capital Expenditures | $0 | -$2.77M | -$3.12M | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$114.51M | -$32.53M | $0 | $0 | $0 |
| Sales of Investments | $0 | $110.95M | $120.94M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$64.77M | -$197.04M | $0 | $0 | $0 |
| Net Cash from Investing | $0 | -$71.09M | -$111.75M | $0 | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | - | $40M | -$138M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $115.97M | -$15.86M | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $39.97M | $88.64M | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$7.9M | -$7.51M | $0 | $0 | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $0 | $23.22M | $15.6M | $0 | $0 | $0 |
| Capital Expenditure | $0 | -$2.77M | -$3.12M | $0 | $0 | $0 |
| Free Cash Flow | $0 | $20.45M | $12.48M | $0 | $0 | $0 |
| Cash at Beginning | $0 | $70.34M | $77.85M | $0 | $0 | $0 |
| Cash at End | $0 | $62.44M | $70.34M | $0 | $0 | $0 |