Business
Avidbank Holdings, Inc. Announces Financial Results for the Third Quarter of 2025
SAN JOSE, CA / ACCESS Newswire / October 23, 2025 / Avidbank Holdings, Inc. (NASDAQ:AVBH) (the "Company" or "Avidbank Holdings"), the holding company for Avidbank, a California state-chartered bank (the "Bank"), announced a net loss for the third ...
About this update from Avidbank Holdings, Inc.
[{"type":"text","content":"SAN JOSE, CA / ACCESS Newswire / October 23, 2025 / Avidbank Holdings, Inc. (NASDAQ:AVBH) (the "Company" or "Avidbank Holdings"), the holding company for Avidbank, a California state-chartered bank (the "Bank"), announced a net loss for the third quarter of 2025 of $37.7 million, or ($4.12) per diluted share, compared to net income of $5.8 million, or $0.75 per diluted share, for the second quarter of 2025 and $5.8 million, or $0.77 per diluted share, for the third quarter of 2024. Results for the third quarter included a $62.4 million loss on the sale of available-for-sale securities. Excluding that item, adjusted net income(1) totaled $6.7 million, or $0.72 per adjusted diluted share(1) for the third quarter of 2025.","length":758,"tagName":"p"},{"type":"text","content":"Significant events for the third quarter of 2025 included the following:","length":72,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"In August 2025, the Company completed an initial public offering ("IPO") of its common stock, issuing an aggregate total of 3,001,500 shares of common stock at the public offering price of $23.00 per share. After deductions for underwriting fees and commissions and estimated offering expenses, the Company's net proceeds from the initial public offering totaled $61.3 million.","length":391,"tagName":"p"}]},{"val":[{"type":"text","content":"Sold $274.7 million in available-for-sale securities for a loss of $62.4 million; purchased $163.2 million in available-for-sale securities with an average purchase yield of 4.54% and a duration of 2.8 years; and, paid off short-term borrowings using proceeds from the IPO and securities sales.","length":294,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":685,"olType":false},{"type":"text","content":"Third Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net interest margin expanded to 3.90% in the third quarter of 2025, compared to 3.60% in the second quarter of 2025.","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"Return on average assets was (6.35%) compared to 1.00% in the second quarter of 2025 and 1.02% in the third quarter of 2024. Excluding the loss from the sale of available-for-sale securities, adjusted return on average assets...