Avidbank Holdings, Inc. — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Avidbank reported Q2 2026 net income of $7.6M ($0.71/diluted share) vs. $5.8M ($0.75/share) in Q2 2025. Excluding a $2.6M litigation settlement and $1.3M BOLI gain, adjusted net income was $8.2M ($0.76/share). Period-end loans grew $312.4M (16% YoY) to $2.224B; deposits grew $319.2M (16% YoY) to $2.322B. Net interest margin expanded 66 bps YoY to 4.26%. Non-performing loans rose to 0.65% from 0.07% YoY, driven by a $1.9M construction loan charge-off.
Why this rating
Strong deposit/loan growth (16% YoY) and margin expansion are positive; loan quality deterioration (NPL ratio +58 bps) and litigation settlement are offsetting. Company is $57M market cap; $312M loan growth is 55% of market cap—material. But Q2 EPS declined sequentially and litigation cost suggests operational noise. Modest negative on asset quality partially offsets growth positives.
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