Avidbank Holdings, Inc. — Form 8-K
Filed October 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Avidbank Holdings reported net income of $10.2M ($0.94 diluted EPS) for Q3 2026, reversing a $37.7M loss in Q3 2025. Period-end deposits surged $562.9M (27% YoY) to $2.61B, with a temporary $270M client deposit; loans grew $323.9M (17% YoY) to $2.28B. The company redeemed $22.0M of 2029 subordinated notes and issued $30.0M of new 7.00% fixed-rate subordinated notes due 2036. Book value per share increased $2.24 YoY to $27.24. Non-performing loans rose to 0.70% from 0.14% YoY, primarily one $1.5M land loan.
Why this rating
Return to profitability and strong deposit growth are constructive, but offset by deposit quality concerns (temporary $270M), rising NPLs (0.70% vs 0.14%), and modest capital raise ($30M subordinated notes) relative to company's $57M market cap.
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