Avidbank Holdings Reports Strong Q3 2026 Results Amid Temporary Deposit Runoff
Avidbank Holdings (AVBH) reported a strong third quarter for 2026, characterized by improved profitability and continued loan growth. Despite experiencing a temporary deposit runoff of approximately $270 million, management expressed confidence in the franchise's ability to generate meaningful core deposit growth. The company anticipates that its deposit beta will remain below 50%, suggesting a controlled response to interest rate environments. Chairman and CEO Mark Mordell highlighted the overall strength of the quarter, noting that the bank is successfully navigating liquidity shifts while maintaining its growth trajectory.
Tickers: $AVBH
Topics: deposit growth earnings loan growth profitability
Read the full article at Seeking Alpha
Part of the story Avidbank Holdings Reports Strong Q3 2026 Results Amid Temporary Deposit Runoff (2 articles)