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Avidbank Holdings, Inc. Announces Financial Results for the First Quarter of 2026
SAN JOSE, CA / ACCESS Newswire / April 27, 2026 / Avidbank Holdings, Inc. (NASDAQ:AVBH) (the "Company" or "Avidbank Holdings"), the holding company for Avidbank, a California state-chartered bank (the "Bank"), announced net income for the first quarter ...
About this update from Avidbank Holdings, Inc.
[{"type":"text","content":"SAN JOSE, CA / ACCESS Newswire / April 27, 2026 / Avidbank Holdings, Inc. (NASDAQ:AVBH) (the "Company" or "Avidbank Holdings"), the holding company for Avidbank, a California state-chartered bank (the "Bank"), announced net income for the first quarter of 2026 of $9.0 million, or $0.84 per diluted share, compared to net income of $6.9 million, or $0.65 per diluted share, for the fourth quarter of 2025 and net income of $5.4 million, or $0.71 per diluted share, for the first quarter of 2025.","length":525,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Return on average assets was 1.46% compared to 1.12% in the fourth quarter of 2025 and 0.96% in the first quarter of 2025.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin expanded to 4.38% in the first quarter of 2026, compared to 4.13% in the fourth quarter of 2025 and 3.52% in the first quarter of 2025.","length":155,"tagName":"p"}]},{"val":[{"type":"text","content":"The efficiency ratio was 50.35% compared to 51.72% in the fourth quarter of 2025 and 62.57% in the first quarter of 2025.","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share was $26.33 at March 31, 2026, an increase of $0.67 from December 31, 2025, and an increase of $1.48 from March 31, 2025.","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 25,000 shares of our common stock for $693 thousand and an average price of $27.69 per share as part of our share repurchase program.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Period-end loans, net of deferred fees, increased $24.4 million, or 5% annualized, from December 31, 2025 and $331.7 million, or 18%, from March 31, 2025.","length":154,"tagName":"p"}]},{"val":[{"type":"text","content":"Average deposits increased $15.2 million, or 3% annualized, from the fourth quarter of 2025 and $265.1 million, or 14%, from the first quarter of 2025. Period-end deposits increased $13.2 million, or 2% annualized, from December 31, 2025 and $269.8 million, or 14%, from March 31, 2025.","length":286,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-performing assets to total assets decreased to 0.63% as of March 31, 2026 compared ...