Quarterly ResultJul 23, 2026, 04:08 PM
Avidbank Q2 2026 Net Income $7.6M ($0.71 EPS); Loans +16% YoY
AI Summary
Avidbank Holdings, Inc. reported Q2 2026 net income of $7.6 million, or $0.71 per diluted share, compared to $9.0 million ($0.84 per diluted share) in Q1 2026 and $5.8 million ($0.75 per diluted share) in Q2 2025. Adjusted net income for the quarter was $8.2 million, or $0.76 per diluted share, excluding a $2.6 million litigation settlement expense and $1.3 million BOLI income. The company saw strong growth in period-end loans, up 16% year-over-year, and deposits, up 16% year-over-year, while book value per share increased to $26.97.
Key Highlights
- Net income for Q2 2026 was $7.6 million, or $0.71 per diluted share.
- Adjusted net income was $8.2 million, or $0.76 per adjusted diluted share.
- Period-end loans increased 16% YoY to $2.22 billion.
- Period-end deposits increased 16% YoY to $2.32 billion.
- Book value per share rose to $26.97 at June 30, 2026.
- Net interest margin declined to 4.26% from 4.38% in Q1 2026.
- Non-performing loans to total loans decreased to 0.65% from 0.75% QoQ.
- Short-term borrowings were reduced to $0.0 at quarter-end.
- Non-interest expense included a $2.6 million litigation settlement.
Price Impact
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