AVBC
Avidia Bancorp, Inc.17.00
-0.01-0.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
341.30MP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0%Recent Filings
8-K
Q4 profit, dividend debut
Avidia Bancorp posted Q4 2025 net income of $5.3 million ($0.29/share), swinging from Q3 loss, with net interest margin up 11 bps to 3.54% on loan and deposit growth. Board declared first post-IPO quarterly dividend of $0.05/share, payable February 26 to February 17 record holders. Charge-offs spiked to 0.65% annualized.
10-Q
Q3 FY2025 results
Avidia Bancorp posted a Q3 net loss of $0.9M ($0.05/share) after its July 2025 mutual-to-stock conversion, yet net interest income jumped 28% y/y to $23.4M with margin expanding to 3.43% from 2.84% as loan yields hit 5.21% while deposit costs fell to 1.67%. Loans grew to $2.27B, driving the topline, but a $10M charitable donation and $20.3M YTD credit loss expense (including $16.7M construction charge-offs) flipped nine-month results to a $8.6M loss. Cash swelled to $112M on $186M IPO proceeds; FHLB debt dropped to $260M. Equity soared to $372M (19.9% total capital ratio). Loans remain the core risk.
8-K
Auditor switch completed cleanly
Avidia Bancorp dismissed Berry, Dunn, McNeil & Parker, LLC as its auditor effective November 12, 2025, due to the firm's restructuring into tax/advisory focus, and engaged BDMP Assurance, LLP—owned by its ex-partners—for 2025 audits. No disagreements or reportable events marred prior audits for 2023-2024. Clean switch. Prior reports were unqualified.
8-K
Q3 loss from donation, strong NII
Avidia Bancorp posted a Q3 net loss of $907 thousand, or ($0.05) per share, driven by a $10 million donation to its charitable foundation post-IPO. Yet net interest income climbed 13.6% to $23.4 million, with margin expanding to 3.43% amid lower deposit costs. Loans grew $26.7 million to $2.27 billion, but non-accrual loans rose to 0.77% of total. Equity strengthened to $371.4 million after the July 31 IPO.
8-K
Avidia appoints banking veteran
Avidia Bancorp appointed Michael Gilles to its Board of Directors and that of subsidiary Avidia Bank, effective September 25, 2025, adding him to the Audit Committee. With over 45 years in community banking, including roles in financial management, risk, and M&A at Massachusetts institutions, Gilles brings deep expertise as the company transitions to public status. His local roots in Hudson, MA, align with Avidia's operations. No related transactions exceed $120,000.
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