Quarterly ResultMay 28, 2026, 04:39 PM
Avidia Bancorp Q1 Net Income +12% to $6.0M; NIM +7 bps
AI Summary
Avidia Bancorp, Inc. released an investor presentation detailing its Q1 2026 financial performance ahead of an investor conference. The company reported a 12% quarter-over-quarter increase in net income to $6.0 million and a 10% rise in EPS to $0.32. Total revenue grew 3% to $28.3 million, driven by a 7 basis point increase in Net Interest Margin to 3.61% and a 72 basis point improvement in Return on Tangible Equity to 6.57%.
Key Highlights
- Net income increased 12% quarter-over-quarter to $6.0 million in Q1 2026.
- EPS rose 10% quarter-over-quarter to $0.32 in Q1 2026.
- Total revenue grew 3% quarter-over-quarter to $28.3 million.
- Net Interest Margin (NIM) increased by 7 basis points quarter-over-quarter to 3.61%.
- Return on tangible equity improved by 72 basis points to 6.57%.
- Total deposits increased 1% quarter-over-quarter to $2.146 billion.
- The company initiated a quarterly dividend of $0.05 per share in February 2026.
Price Impact
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