Avidbank Q2 net income rises 32% year over year to $7.65 million; net interest margin widens 66 percentage points to 4.26%

Reuters2026/08/12 21:09

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Avidbank Holdings posted net income of $7.65 million, or $0.71 per diluted share, for the quarter ended June 30, 2026.
Net interest margin widened to 4.26% from 3.60% a year earlier, while net interest income rose 31% to $26.68 million.
Non-interest expense climbed 31% to $16.47 million, including a $2.64 million litigation settlement charge.
Provision for credit losses increased to $2.79 million from $925,000; nonperforming loans fell to 0.65% of total loans from 1.14%.
Loans grew 7% annualized to $2.22 billion from year-end; deposits rose 13% annualized to $2.32 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidbank Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-027372), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avidbank Q2 net income rises 32% year over year to $7.65 million; net interest margin widens 66 percentage points to 4.26%

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