Avidbank Holdings, Inc. · NASDAQ:AVBH
Avidbank — Q3 2025 Earnings Presentation
27 slides from Avidbank's earnings presentation, Oct 24, 2025
Slide 1: Investor Presentation | Q3 2025
Investor Presentation | Q3 2025
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer Forward-Looking Statements This presentation and any accompanying oral presentation contain forward-looking statements within the meaning of U.S. federal securities laws, which involve risks and uncertainties. You should not place undue reliance on forward-lookin
Slide 3: Safe Harbor Statement and Disclaimer (continued)
Safe Harbor Statement and Disclaimer (continued) Industry Information Within this presentation, we reference certain industry and sector information and statistics. We have obtained this information and statistics from various independent, third-party sources. Nothing in the data used or derived fro
Slide 4: Diversified Commercial Bank Positioned for Growth
Diversified Commercial Bank Positioned for Growth Overview Q3 2025 Financial Highlights1 Founded in 2003 with roots in dynamic Bay Area and a Reported Operating2 national expansion strategy (6.35)% 1.13% Disciplined underwriting approach with a proven track record Return on average assets Return
Slide 5: Our Business Model
Our Business Model Local Bay Area Focus Growing National Presence Corporate Commercial Real Construction Venture Lending Specialty Banking Estate Lending & Fund Finance Finance Traditional core Provides a range Provides land Comprehensive Provides creative commercial of financing acquisiti
Slide 6: Bay Area Core, Expanding National Reach
Bay Area Core, Expanding National Reach San Francisco Bay Area1 Sonoma Napa Solano Marin LPO Contra Costa San Francisco Alameda LPO San Mateo Branch and HQ Santa Clara Santa Cruz Monterey AVBH Headquarters Primary Lending Area Banking Relationships Avidbank serves clients in 39 states with team memb
Slide 7: Completed Initial Public Offering in August 2025
Completed Initial Public Offering in August 2025 Issued 3,001,500 shares of common stock at $23.00 per share for net proceeds of $61.3 million Repositioned available-for-sale securities (AFS) portfolio Sold $275 million in AFS securities for a pre-tax loss of $62.4 million and reinvested $163
Slide 8: Q3 2025 Income and Profitability
Q3 2025 Income and Profitability Results as of and for Q3 2025 Income Highlights $ in thousands, except per share amounts Q3 2025 Q2 2025 Q1 2025 YTD 2025 YTD 2024 Select Operating Data: Reported Operating1 Net Interest Income $ 22,650 $ 20,290 $ 19,352 $ 62,292 $ 56,023 Provision for Credit Losses
Slide 9: Q3 2025 Balance Sheet
Q3 2025 Balance Sheet Results as of and for $ in thousands Q3 2025 Q2 2025 Q1 2025 Q3 2025 Q2 2025 Q1 2025 Balance Sheet: Balance Sheet and Capital Ratios: Cash and Cash Equivalents $ 177,319 $ 129,923 $ 125,001 Tier 1 Leverage Ratio 11.1% 10.5% 10.4% Investment Securities 173,588 292,808 296,617 Co
Slide 10: Proven Organic Growth
Proven Organic Growth Total Assets ($M) Total Loans ($M) $2,304 $2,362 $2,162 $2,231 $2,133 $1,431 $1,132 $917 $783 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Q3 Total Deposits ($M) Loan / Deposit Ratio (%) 10
Slide 11: Net Interest Margin Expansion
Net Interest Margin Expansion Net Interest Income ($) and Taxable Equivalent Net Interest Margin1 (%) Net Interest Income Sensitivity Steady loan yields, decreasing deposit costs, and DDA growth have contributed to expanding margin 48% of loans floating at 9/30/2025 Historical Loan Yields (%) Histor
Slide 12: Improvement in Capital Ratios
Improvement in Capital Ratios Common Equity Ratio (%) Tier 1 Leverage Ratio (%) Tier 1 Risk Based Capital Ratio (%) Total Risk Based Capital Ratio (%) 12
Slide 13: Diversified Lending Platform
Diversified Lending Platform Loan Portfolio Interest Rate Comparison1 Five specialized verticals driving balanced, disciplined growth 15% loan CAGR since 2017, demonstrating consistent execution across cycles Fixed Adjustable Commercial lending focus – C&I plus owner-occupied CRE account for 5
Slide 14: Disciplined Credit Culture and Minimal History of Losses
Disciplined Credit Culture and Minimal History of Losses NPAs / Assets (%) Proven ability to manage credit through cycles with minimal loss history, even following tumultuous periods for the sector Low net-charge-offs, averaging just 7 bps annually since 2017, including only 1 bp in both 2022 an
Slide 15: Deposits by Design
Deposits by Design Deposit Engines Fund Loan Growth Dollars in millions Multi-pronged deposit strategy links lending verticals with standalone initiatives Venture Lending drives funding with deposit generation well in excess of loan balances Corporate Banking and Specialty Finance are self-fun
Slide 16: Funding
Funding Funding Composition Deposit growth of 14% in 2024 and 11% annualized as of Dollars in millions / % of total funding September 30, 2025 No borrowings or wholesale funding at September 30, 2025, down from $360 million in 2023 Expanded use of reciprocal deposit networks in response to the
Slide 17: Securities Portfolio
Securities Portfolio Investment Portfolio / Total Assets (%) & Portfolio Yield (%) With proceeds from the IPO, paid off short-term borrowings and repositioned securities portfolio Sold $275 million in AFS securities for a loss of $62.4 million and reinvested $163 million in primarily mortgage-ba
Slide 18: Appendix
Appendix
Slide 19: Experienced Management Team
Experienced Management Team Mark D. Mordell – Chairman of the Board, President and Chief Executive Officer Joined the board of directors of the Bank in January of 2006, appointed Chairman in February of 2007, named CEO of Avidbank Holdings and the Bank in March 2012 Brings over 30 years of finan
Slide 20: Experienced Management Team
Experienced Management Team Geoffrey E. Butner – Executive Vice President and Chief Credit Officer Joined as SVP & Deputy Chief Credit Officer of Avidbank Holdings and the Bank in November 2016 and was promoted to EVP & CCO in November 2018 Brings 37 years of experience in the banking and financ
Slide 21: Core Bay Area Banking Divisions
Core Bay Area Banking Divisions Lean Branch Footprint in the Attractive Bay Area Bay Area Lending Divisions Corporate Banking Division Focused on small to mid-sized commercial clients across diverse industries Clients typically demonstrate strong financial profiles, including profitability, low
Slide 22: Venture Business Banking Overview
Venture Business Banking Overview Driving Core Deposit Growth Through Deep, Relationship-Based Lending in the Innovation Economy Launched in 2019, Avidbank’s venture platform serves VC-backed tech companies Clients are backed by institutional capital, with experienced sponsors providing and thei
Slide 23: Differentiated Self-Funding Specialty Finance Platform
Differentiated Self-Funding Specialty Finance Platform Three Teams Provide Unique Credit Solutions While Generating Quality Deposits Sponsor Finance Lending Target Clients Industries Served Private equity-backed companies Software Manufacturers Provides funding for lower-middle market acquisit
Slide 24: Historical Balance Sheet
Historical Balance Sheet $ in thousands Fiscal Year Ended December 31, Quarter Ended 2024 2023 2022 2021 2020 Sep. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Dec. 31, 2024 Sep. 30, 2024 Cash and Cash Equivalents $ 82,701 $ 81,396 $ 47,288 $ 493,343 $ 230,033 $ 177,319 $ 129,923 $ 125,001 $ 82,701 $ 136,53
Slide 25: Historical Income Statement
Historical Income Statement Fiscal Year Ended December 31, Quarter Ended $ in thousands except share data 2024 2023 2022 2021 2020 Sept. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Dec. 31, 2024 Sept. 30, 2024 Interest and Fees on Loans $ 130,878 $ 112,494 $ 71,813 $ 50,823 $ 49,517 $ 33,880 $ 32,967 $ 31,
Slide 26: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation For the Year Ended December 31, For the Quarter Ended $ in thousands 2024 2023 2022 2021 2020 Sept. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Dec. 31, 2024 Sept. 30, 2024 Non-GAAP Adjusted Net Income Reconciliation Net Income - GAAP $21,015 $16,801 $25,023 $12,264 $9,627 (
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation For the Year Ended December 31, For the Quarter Ended $ in thousands 2024 2023 2022 2021 2020 Sept. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Dec. 31, 2024 Sept. 30, 2024 Non-GAAP Adjusted Efficiency Ratio Reconciliation Noninterest Expense $47,333 $43,893 $40,790 $35,616