Avidbank Holdings Reports Increased Q3 2026 Net Income and Improved Efficiency
Avidbank Holdings, Inc. (AVBH) reported strong third-quarter 2026 financial results, highlighted by a rise in net income to $10.2 million from $7.6 million in the previous quarter. Diluted earnings per share grew to $0.94, up from $0.71 in Q2. The bank demonstrated improved operational efficiency with an efficiency ratio of 49.80%, down significantly from 55.41% in the prior period. Loan growth remains robust at 17% year-over-year, driven by commercial and industrial, multifamily, and owner-occupied real estate sectors. While total deposits increased due to a $270 million temporary client inflow, management expects these funds to exit the balance sheet in Q4. Despite a slight decrease in net interest margin to 4.07%, the bank successfully executed a capital restructuring through subordinated debt issuance and redemption.
Tickers: $AVBH
Topics: deposit growth eps loan growth net income non-performing loans
Read the full article at Motley Fool
Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)