Quarterly ResultApr 27, 2026, 12:46 PM
AVBC Q1 Net Income $6.0M, EPS $0.32; Declares $0.05 Dividend
AI Summary
Avidia Bancorp, Inc. reported Q1 2026 net income of $6.0 million, or $0.32 per share, an increase from $5.3 million, or $0.29 per share, in Q4 2025. The company also declared a quarterly cash dividend of $0.05 per share, payable on May 28, 2026. CEO Robert Cozzone highlighted a 10.3% earnings per share growth and improvements in most performance measures, including a 7 basis point increase in net interest margin to 3.61%.
Key Highlights
- AVBC Q1 2026 net income was $6.0 million, or $0.32 per share.
- Declared a quarterly cash dividend of $0.05 per share.
- Net interest margin increased 7 basis points to 3.61%.
- Return on average assets increased 9 basis points to 0.86%.
- Total deposits grew 0.8% to $2.15 billion.
- Nonperforming loans decreased $6.6 million to $13.6 million (0.60% of total loans).
- Total loans decreased 0.6% to $2.28 billion.
Price Impact
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