Avidbank Holdings Stock Earnings Reports

Avidbank reported solid Q1 2026 results with net income of $9.0 million ($0.84 diluted EPS), improved profitability metrics (ROA 1.46%, ROAE 12.7%), and continued balance sheet growth. Loans grew $24 million in Q1 and are up $332 million (18%) year-over-year; deposits rose $13 million in Q1 and are up $270 million (14%) year-over-year. NIM improved to 4.38% (up 25 bps QoQ), helped modestly by an FHLB dividend and lower interest-bearing deposit costs, though deposit funding costs remain a headwind (spot interest-bearing cost 3.03%). Credit metrics: provision expense declined to $1.4 million, net charge-offs were $2.8 million (driven by two C&I charge-offs), and nonperforming loans fell materially after a construction payoff and charge-offs. Venture/SaaS lending was reviewed closely; management flagged greater risk in horizontal SaaS exposures while remaining constructive on vertical/AI-integrated SaaS, with limited criticized/classified exposure today. Expense control drove an improved efficiency ratio (50.4%), though hiring plans and higher personnel costs mean Q2 expenses will increase. Capital remains solid (book value per share $26.33; Tier 1 at 11.39%) and the company repurchased shares in the quarter. Management reiterated a goal of low-double-digit loan and deposit growth for the year but cautioned margin pressure from deposit costs could modestly compress NIM going forward.