Q3 Net Income Climbs 20% to $8.6M as Margin Widens, Dividend Declared
AVBC sits 54% above its 52-week low of $14.53.
Summary
Avidia earned $8.6 million, or $0.47 per share, in Q3 2026, up 20% from $7.2 million, or $0.39, in Q2, on revenue of $31.2 million. Net interest margin widened 22 basis points to 3.86%, though 11 basis points of that came from a $692 thousand prepayment penalty on a solar loan; excluding it, margin was 3.75%, still up 11 basis points. The efficiency ratio improved to 62.2% from 65.3% and the provision for credit losses fell to $211 thousand from $892 thousand. The board declared a $0.06 quarterly dividend payable November 30 to holders of record November 17. This follows the $30 million buyback authorized in August, of which $23.8 million was already completed by September 30, equal to 6.1% of prior-quarter equity — that repurchase is why book value per share slipped to $19.05 from $19.40 and equity fell 5.9%. Watch asset quality: nonaccruing loans rose to $17.8 million, or 0.79% of total loans, from 0.75% last quarter.
At the time of this announcement, AVBC was trading at $22.35 on NYSE in the Finance sector, with a market capitalization of approximately $446.3M. The 52-week trading range was $14.53 to $22.90. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.