Q3 Net Income Jumps to $10.2M, EPS $0.94, From Year-Ago Loss
AVBH sits 34% above its 52-week low of $24.025.
Summary
Avidbank earned $10.2 million, or $0.94 per diluted share, in Q3 2026, up from $7.6 million ($0.71) in Q2 and a $37.7 million loss a year ago. The swing is large relative to this small-cap bank and follows the 8-K filed minutes before the release. Loan growth was solid at 10% annualized for the quarter and 17% year over year, and deposits rose 50% annualized, though roughly $270.0 million of that was a temporary client deposit expected to leave in Q4. Net interest margin slipped 19 basis points to 4.07% on the temporary cash build, and non-performing loans ticked up to 0.70% from 0.65% after a $1.5 million land loan went on nonaccrual. The Q4 conference call is October 27 at 11:00 a.m. ET, where the deposit runoff and margin outlook will be the focus.
At the time of this announcement, AVBH was trading at $32.12 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.