Avidia Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend
Avidia Bancorp reported Q3 2026 net income of $8.6 million, or $0.47 per share, up 20% from $7.2 million ($0.39) in the prior quarter. Net revenue rose 4% sequentially to $31.2 million as net interest margin expanded 22 basis points to 3.86%, aided by higher loan yields, a $692 thousand prepayment penalty, and a sharply lower loan loss provision of $211 thousand. The board declared a $0.06 per share quarterly dividend and management confirmed a $30 million buyback authorization, with $23.8 million of repurchases (5.4% of shares) already completed by September 30.
Key figures
- Eps
- 0.47
- Revenue
- 31155000
- Revenue Yoy
- 11.5% (total net revenue $31.2M vs $27.96M a year earlier)
- Nim
- 3.86%
- Roa
- 1.24%
- Roe
- 8.79%
- Net income
- 8601000
- Total loans
- 2260822000
- Total assets
- 2775550000
- Total deposits
- 2206649000
- Efficiency ratio
- 62.21%
- Buyback completed
- $23.8 million (1,079,051 shares, 5.4% of outstanding)
- Dividend per share
- 0.06
- Stockholders equity
- 366573000
- Nonaccrual loans ratio
- 0.79%
- Net income prior quarter
- 7170000
- Nim ex prepayment penalty
- 3.75%
- Provision for credit losses
- 211000
AI analysis
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