Avidbank Q3 2026 Net Income Jumps to $10.2M ($0.94/Share) on 50% Annualized Deposit Growth
AVBH sits 31% above its 52-week low of $24.025.
Summary
Avidbank earned $10.2 million ($0.94 per diluted share) in Q3 2026, well above Q2's $7.6 million and last year's loss, but a chunk of the deposit surge is temporary and will reverse in Q4.
Updates
· ACCESS Newswire — Avidbank redeemed $22.0 million of callable subordinated notes and closed a $30.0 million private placement of new subordinated notes maturing September 1, 2036, at a fixed 7.00% rate for the first five years.
Key Events · Earnings and Guidance · AVBH
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Q3 Net Income $10.2 Million
Net income of $10.2 million, or $0.94 per diluted share, versus $7.6 million ($0.71) in Q2 2026 and a $37.7 million loss ($4.12) in Q3 2025.
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Deposit Growth Includes Temporary $270M
Period-end deposits rose $290.1 million to $2.61 billion, but about $270.0 million came from a temporary large client deposit expected to leave in Q4; the cash build cut net interest margin by roughly 17 basis points to 4.07%.
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Credit Metrics Deteriorate Slightly
Non-performing loans to total loans rose to 0.70% from 0.65% at June 30, 2026 after a $1.5 million land loan went on nonaccrual; the provision was $1.2 million versus $2.8 million in Q2.
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Securities Loss Widens, Book Value $27.24
The AFS portfolio's net unrealized loss grew to $13.1 million from $2.8 million at June 30, 2026, reducing book value per share by $0.85; book value still rose $0.27 to $27.24.
Analysis · AVBH · Finance
Avidbank's Q3 profit of $10.2 million ($0.94 per diluted share) is up from $7.6 million ($0.71) in Q2 and a $37.7 million loss a year ago, when a $62.4 million securities sale gutted the quarter. Return on average equity of 13.43% and an efficiency ratio of 49.80% put the bank back in normal profitability territory. The catch is quality of the growth: roughly $270.0 million of the $290.1 million deposit increase came from a temporary large client deposit management expects to leave in the fourth quarter, and that cash pile diluted the net interest margin by about 17 basis points to 4.07%. Credit is also drifting the wrong way — non-performing loans rose to 0.70% of loans from 0.65% on a $1.5 million land loan, and the unrealized loss on the securities portfolio widened to $13.1 million from $2.8 million as rates rose, trimming book value by $0.85 per share. The $30 million 7.00% subordinated note issuance that retired the $22 million 2029 notes, disclosed in the August 27 8-K, is now reflected in the balance sheet.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVBH was trading at $31.57 on NASDAQ in the Finance sector, with a market capitalization of approximately $346.5M. The 52-week trading range was $24.03 to $34.18. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.