AVBC
Avidia Bancorp, Inc.17.00
-0.01-0.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
341.30MP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0%Recent Filings
10-Q
8-K
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.
10-Q
Q2 FY2025 results
Avidia Bancorp posted solid Q2 momentum with net income of $3.9 million, up from $2.4 million a year earlier, fueled by net interest income climbing 12.6% to $20.6 million on a 3.19% margin—yet the first half swung to a $7.7 million net loss, dragged by an $18.8 million credit loss expense from a $16.7 million construction loan charge-off. Loans grew 2.2% to $2.22 billion, while deposits surged 18.2% to $2.44 billion, boosted by IPO proceeds that also lifted cash to $308.6 million; FHLB advances dropped 20% to $260 million. Free cash flow turned negative at $(4.6) million after $2.6 million in capex. The mutual-to-stock conversion closed July 31, 2025, unlocking fresh capital. Still, rising delinquencies in commercial segments pose a watch point.
IPO
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