Avidia Bancorp, Inc. (AVBC) Form 10-Q — May 14, 2026
Avidia Bancorp reported first-quarter 2026 net income of $6.0 million, or $0.32 per share, marking a significant turnaround from the $11.6 million net loss recorded in the same period of 2025. The improvement was driven by a $4.8 million increase in net interest income and a $2.8 million reduction in non-interest expense, alongside a dramatic drop in credit loss expense from $17.6 million to $1.1 million. Net interest margin expanded 57 basis points year-over-year to 3.61%, benefiting from lower funding costs following the company's July 2025 IPO. The efficiency ratio improved to 67.2% from 95.2%, reflecting better cost management and higher revenue generation.
Key figures
- Eps
- 0.32
- Net Income
- 5996
- Total Debt
- 232852
- Total Assets
- 2807417
- Cash Position
- 93024
- Total Loans
- 2284555
- Total Deposits
- 2146160
- Return On Assets
- 0.86%
- Return On Equity
- 6.36%
- Efficiency Ratio
- 67.19%
- Book Value Per Share
- 19.1
- Credit Loss Expense
- 1089
- Net Interest Income
- 23982
- Net Interest Margin
- 3.61%
- Non Interest Income
- 4286
- Non Interest Expense
- 18992
- Allowance For Credit Losses
- 22761
- Nonperforming Loans Percent
- 0.60%
- Tangible Book Value Per Share
- 18.51
Price after filing
Close on the filing date to close N calendar days later (from $19.28). Historical, not a forecast.
AI analysis
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