Quarterly ResultAug 12, 2026, 05:08 PM
Avidbank Holdings Q2 Net Income Up 31.9% to $7.65M; EPS $0.72
AI Summary
Avidbank Holdings, Inc. reported a 31.9% increase in net income to $7.65 million for the second quarter of 2026, compared to $5.80 million in the prior year. Basic earnings per share, however, decreased by 6.5% to $0.72, primarily due to a significant increase in weighted average shares outstanding. For the first six months of 2026, net income rose 48.4% to $16.67 million, with basic EPS increasing 4.7% to $1.57. The company also saw strong growth in net interest income and a substantial decrease in non-accrual loans.
Key Highlights
- Q2 2026 net income increased 31.9% to $7.65 million from $5.80 million in Q2 2025.
- Q2 2026 basic EPS decreased 6.5% to $0.72, impacted by a 40.8% rise in weighted average shares.
- Six months ended June 30, 2026, net income grew 48.4% to $16.67 million.
- Six months ended June 30, 2026, basic EPS increased 4.7% to $1.57.
- Net interest income for Q2 2026 rose 31.5% to $26.68 million.
- Total assets increased 3.5% to $2.66 billion as of June 30, 2026, from December 31, 2025.
- Total deposits grew 6.2% to $2.32 billion as of June 30, 2026.
- Non-accrual loans decreased 41.0% to $14.45 million as of June 30, 2026.
Price Impact
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