Avidia Bancorp, Inc. (AVBC) Form 8-K — Oct 23, 2026
Avidia Bancorp (NYSE: AVBC) reported Q3 2026 net income of $8.6 million, or $0.47 per share, up from $7.2 million and $0.39 in Q2 2026. Net interest margin expanded 22 basis points to 3.86% and the efficiency ratio improved to 62.2% from 65.3%, aided by higher loan yields and a sharply lower credit provision. The company declared a quarterly dividend of $0.06 per share, payable on or about November 30, 2026 to holders of record November 17, 2026. It also disclosed that repurchases under its $30 million buyback authorization totaled $23.8 million through quarter-end, retiring 1,079,051 shares (5.4% of outstanding).
Key figures
- Eps
- 0.47
- Revenue
- 31155000
- Net Income
- 8601000
- Total Assets
- 2775550000
- Cash Position
- 60300000
- Shares Outstanding
- 19238000
- Q2 eps
- 0.39
- Total loans
- $2.26 billion
- Fhlb advances
- $110.0 million (down $50.0M QoQ)
- Q2 net income
- $7.2 million
- Total deposits
- $2.21 billion (+$53.0M, +2.5% QoQ)
- Ytd net income
- $21.8 million vs $(8.6) million prior year
- Dividend payable
- on or about November 30, 2026
- Efficiency ratio
- 62.2% (from 65.3%)
- Nonaccrual loans
- $17.8 million (0.79% of loans)
- Return on assets
- 1.24%
- Return on equity
- 8.79%
- Dividend per share
- $0.06
- Shares repurchased
- 1079051
- Net interest margin
- 3.86% (up 22 bps QoQ)
- Stockholders equity
- $366.6 million
- Book value per share
- 19.05
- Dividend record date
- November 17, 2026
- Buyback authorization
- $30 million
- Buyback dollars completed
- $23.8 million (6.1% of prior quarter stockholders' equity, 5.4% of outstanding shares)
- Common equity tier 1 ratio
- 17.28%
- Allowance for credit losses
- $23.2 million (1.03% of loans)
- Tangible book value per share
- 18.43
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