Avidbank Reports Third Quarter 2026 Earnings Growth Driven by Core Deposits and C&I Lending
Avidbank (AVBH) reported a net income of $10.2 million for the third quarter of 2026, bolstered by significant core deposit growth and steady commercial lending demand. Despite temporary fluctuations in its balance sheet due to a large client business sale, the bank achieved approximately $76 million in organic core deposit expansion, which provides a stable foundation for future funding. The company successfully managed operational overhead, maintaining an efficiency ratio below 50% despite rising compensation and legal costs. While construction loan payoffs created headwinds in that specific portfolio, strong demand in commercial and industrial (C&I) lending helped offset these declines. Looking forward, management is focusing on lowering deposit costs through new initiatives targeting HOA deposits and SBA loans.
Tickers: $AVBH
Topics: commercial lending core deposit growth earnings report net income
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