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Recent Updates — AVBH

July 23, 2026View Source ↗

Avidbank Holdings, Inc. reported second quarter 2026 net income of $7.6 million, or $0.71 per diluted share, down from $9.0 million in the first quarter of 2026. Results included a $2.6 million litigation settlement expense and $1.3 million in income from bank-owned life insurance death benefits. Adjusted net income was $8.2 million, or $0.76 per adjusted diluted share. Period-end loans grew 9% from the previous quarter to $2.22 billion, while average deposits increased 11% to $2.21 billion. The net interest margin was 4.26%, a decrease from 4.38% in the prior quarter. Non-performing loans to total loans stood at 0.65%. The company is a financial services provider specializing in commercial and industrial lending.