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- 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.
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