Avidbank Holdings, Inc. · NASDAQ:AVBH
Avidbank — IPO Roadshow (August 2025)
32 slides from Avidbank's IPO roadshow presentation, Aug 4, 2025
Slide 1: August 2025 Investor Presentation
1 A UGU S T 2025 I n v e s t or P r ese n t a tion
Slide 2: Confidentiality Notice and Usage Restrictions
Confide n tiality Notice and Usa g e R e s trictions 2 Thi s presentatio n i s strictl y confidential and intende d solel y fo r th e us e o f th e intende d recipients. Unauthorized recording, photography , o r distributio n o f this presentatio n i s strictl y prohibited . By participatin g i n th
Slide 3: Disclaimer
Disclaimer 3 The in f or m ation contained in this presentation and any related oral presentation collectively, (this “P resentation ” ) concerning Avidbank H oldings, Inc. ( “ AVB H ” or the “ Co m pany ” ) and its consolidated subsidiary, Avidbank (the “B ank ” ) is the proprietary in f or m ation
Slide 4: Disclaimer (Continued)
Disclaime r (Co n tinued) 4 The foregoing factors should not be considered exhaustive. New r i sks and uncertainties m ay e m erge f rom ti m e to ti m e, and it is not possible f or us to predict their occurrence or how they will a ff ect us. If one or more of the factors affecting our forw a rd -
Slide 5: Offering Summary
Of f e rin g Summary Issuer E x chan g e / Tic k er Base Sha r e s Of f e r e d Filin g Ran g e Base Of f erin g Si z e Use of P r oceeds Lock - Up Joi n t Bookrunne r s Expec t e d Pricin g D a t e Unde r w ri t e r s’ Option Nasdaq Global Selec t / A V BH 2,610,000 sha r es 15% o f g r os s o f f
Slide 6: Experienced Management Team
Experienced Mana g eme n t T e am Biog r ap h y & P r e viou s Experience Mar k D . Mordell Chairman, President & Chie f Executiv e Officer ▪ Joined the boar d o f director s of the Bank i n January o f 2006, appointed Chairma n i n February o f 2007, name d CE O o f Avidbank Holding s an d th e Ban
Slide 7: Diversified Commercial Bank Positioned for Growth
Di v e r s ified Comme r cial Bank P ositione d f o r G r owth ▪ F o unde d in 200 3 wit h r oots in dynamic B a y A r e a and a n a tional e x pansion s t r a t egy ▪ E fficie n t f ootpri n t wit h on e full - se r v ic e b r anc h a n d tw o loa n p r oductio n o f fices ▪ High - g r o w th mode
Slide 8: Why Avidbank: Multi-Business Line Growth with National Reach
Experience d Leade r shi p T e am wit h a Deep , G r owing Bench Di v e r s ifie d Busines s Line s T a ilo r e d t o Mee t Cu s t ome r Needs Discipli ned C r edi t Cultu r e and Minima l Hi s t ory of Losses Di v e r si f yin g Deposit s Th r oug h T a r g e t e d T r easu r y Solutions Hi st ory
Slide 9: Company History and Milestones
Compa n y Hi st o r y and Mile st ones 2003 The Private Bank of the Peninsula was incorporated i n Palo Alto, CA with init i a l capital of $1 8 million 2003 2008 Complete d a $9 m i llio n pri v ate offerin g of common shares 2008 2012 Mark Mordell was name d Chief Executiv e Officer 2012 2017 Comp
Slide 10: Five Key Business Verticals with a Differentiated Product Set
Fi v e K e y Business V erti c als wit h a Dif f e r e n ti a t e d P r oduct S e t Lo c a l B a y A r ea F ocus G r o w in g N a tional P r esence ▪ Comp r ehensi v e sui t e o f banking and financing solution s f o r t e chnology sec t or e n t r ep r eneu r s and their i n v e s t o r s ▪ V e n t
Slide 11: Bay Area Core, Expanding National Reach
B a y A r e a Co r e, Expanding N a tional R each AVBH Headquarters Primary Lending Area Banking Relationsh i ps B a y A r ea - base d 1 wit h a lea n p h y s ica l f ootpri n t whil e se r ving clie n ts n a tio n wide A v idbank se r v e s clie n t s in 3 7 s t a t e s wit h t eam membe r s loc at
Slide 12: Proven Organic Growth Capabilities
$648 $807 $889 $993 $1,223 $1,554 $1,741 $1,865 $1,841 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 Loan / Deposit R a tio (%) $783 $917 $1,132 $1,431 $2,162 $2,133 $2,231 $2,304 $2,320 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2
Slide 13: Loan Portfolio by Type
Loa n P ort f o lio by T yp e 1 Total Loan s at Marc h 31, 2025: $1.8B Q1 2025 Loan Yield: 6.96% Di v e r s ified Lending Pl a t f o r m wit h St r o ng Risk - Adju st ed R e turns Loan P ort f o lio I n t e r e s t R a t e Composition Average Non - Ow n er Occupie d Office Loan Size: $2.8M N o n -
Slide 14: Bay Area Lending: Anchored in Three Long-Standing Divisions
14 Note: Finan c i a l dat a as of Mar ch 31, 2025 Co r e B a y A r e a Banking Divisions B a y A r e a Lending: Ancho r e d in Th r e e Long - S t anding Divi s ions Corpora t e Banking Division Provides traditional c ommercial and own e r - o c cupi ed l e nding 22% o f total loans Commercial R ea
Slide 15: Venture Business Banking Overview
V e n t u r e Business Banking O v e r view Loans and Deposits B r ea k o ut Drivin g Co r e Deposi t G r o w th Th r o ugh Deep , R el a tio n ship - Base d Lendin g in the Inno v a tion E cono m y ▪ Launche d in 2019 , A v idbank ’ s v e n tu r e pl a t f orm se r v es V C - b a c k e d t e ch c o
Slide 16: Differentiated Self-Funding Specialty Finance Platform
Dif f e r e n ti a t e d Self - Funding Specialty Financ e Pl a t f o rm Th r e e T e ams P r ovide Uniqu e C r edi t Solutions Whil e Gene r a ting Qualit y Deposits T arg e t Clie n t s ▪ Pri v at e equity - b ac k e d c o mpanies ▪ E n t r ep r eneu r s usin g th e sea r ch fund model ▪ In s t it
Slide 17: Disciplined Credit Culture and Minimal History of Losses
Discipline d C r edi t Cultu r e and Minima l Hi st o r y of Losses O v e r vie w N P A s / Ass e ts (%) 2 0 17Y 2 0 18Y 2 0 19Y 2 0 20Y 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 A C L / Loans (%) and N C Os / A v e r a g e Loans (%) A CL / Loan s NCOs / Avg Loans ▪ P r o v en ability t o mana g e
Slide 18: Deposits by Design
$292 $396 $367 $1 $507 $272 $4 $685 $609 $364 $91 $41 $22 $116 Ve n ture Len d i n g Corporat e Banking Specialt y F i nance Treasur y M a nage ment Commercia l Rea l Estate R e al Est a te/ C onstruction Brokered/Other St r a t egi c Deposi t Engines Fundin g Loan G r o w th Loan s D e posits 18 De
Slide 19: Funding Engine that Powers Growth
Fundin g Engine th a t P o w e r s G r owth Fundin g Composition $688 $808 $995 $1,275 68.9% $2,001 $1,975 $2,036 $2,098 $2,106 2017 Y 2018 Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Q1 Non - I B De p osits Su b o rdinated Debt IB Depo s i ts Othe r Borrowings Tim e Depo s i ts 19.9% D a t a a s o f
Slide 20: Securities Portfolio Overview
($6.6) ($83.3) ($68.8) ($72.6) ($65.6) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 N e t Un r e ali z ed Loss on A F S Securities ($M) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 Securities P o rt f o lio O v e r view ▪ Securitie s port f oli o yields 2.40%, significa n tly below cur r e n t mar k e t
Slide 21: Solid Profitability with Compelling EPS Growth
$1.08 $1.90 $2.17 $1.61 $2.02 $3.60 $2.24 $2.76 $0.71 $ 0.04 $ 0.70 $1.08 $1.90 $2.17 $1.61 $2.02 $0.71 Solid P r ofi t ability wit h Compellin g EP S G r owth 2 0 1 7 Y 2 0 1 8 Y 2 0 1 9 Y 2 0 2 0 Y 2 0 2 1 Y 2 0 2 2 Y Adju st e d R e turn on A v e r a g e E quity (%) 1 2 0 2 3 Y 2 0 2 4 Y 2 0 2 5
Slide 22: Capital Overview
Capi t al O v e r view Tie r 1 Le v e r a g e R a tio (%) T angible Commo n E quity / T angible Ass e ts (%) 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 T o t al Risk Based Capi t al R a tio (%) 8.9% 9.8% 9.9% 10.6% 11.1% 2 0 21Y 2 0 22Y 2 0 23Y 2 0 24Y 2 0 25 Q 1 11.1% 11.8% 12.9% 12.3% 11.9% 2 0 21
Slide 23: Recent Developments: Q2 2025 Financial Highlights
R ece n t D e v e lo p m e n t s Q 2 2025 Financia l Highlig h ts 1) Q2 202 5 f i gu res ar e preli m i n ar y f inan c i a l i n formatio n an d ar e s ubje c t t o ch an g e. Se e di s c l a i m ers o n s li de 4 for mor e i n forma tion o n our u s e of preliminary f i nancial in f o rmation 23 F
Slide 24: Why Avidbank: Multi-Business Line Growth with National Reach
Experience d Leade r shi p T e am wit h a Deep , G r owing Bench Di v e r s ifie d Busines s Line s T a ilo r e d t o Mee t Cu s t ome r Needs Discipli ned C r edi t Cultu r e and Minima l Hi s t ory of Losses Di v e r si f yin g Deposit s Th r oug h T a r g e t e d T r easu r y Solutions Hi st ory
Slide 25: Appendix
Avidbankh Appendix
Slide 26: Q1 2025 Results Summary
Q 1 2025 R e sult s Summa r y Financial Snapshot Key Commentary from the Quarter ▪ Book v alu e pe r sha r e w a s $24.85, an inc r ease o f $1.28, or 22% annuali z ed, f r o m December 31, 2024, and an inc r ease of $3.44, or 16% f r om Ma r ch 31, 2024 ▪ T a x a ble - equi v ale n t n e t i nt e r
Slide 27: Experienced Management Team
Experienced Mana g eme n t T e am Mark D. Mordell – Chairman of the Board, President and Chief Executive Officer ▪ Joine d th e boar d of director s of th e Ban k i n Januar y of 2006, app o inte d Chairma n i n Februar y of 2007, name d CE O of Avidbank Hol ding s an d the Bank i n March 2012 ▪ Bri
Slide 28: Experienced Management Team
Experienced Mana g eme n t T e am Geoffrey E. Butner – E xecutiv e Vice President and Chief Credit Officer ▪ Joine d as SV P & Deput y Chief Credi t Office r of Avidbank Holdings an d th e Ban k i n November 2016 an d was promote d t o EV P & CC O i n November 2018 ▪ Bring s 3 7 years of experience
Slide 29: Board of Directors
Boa r d of Di r ec t o r s 29 Mark D. Mordell – C hairman of the Board, President and CEO ▪ Se e prio r page s fo r detaile d biography Kristofer W. Biorn – Director ▪ Mr. Biorn i s an atto r n ey with the Palo Al t o la w fir m o f Cris t | Biorn | Shepher d | Roskoph APC, on e o f the oldes t la w
Slide 30: GAAP to Non-GAAP Reconciliation
GAA P t o Non - GAA P R e concili a tion 30 F o r t he Q u a r t e r F o r t h e Y e a r E n d e d D e c e m b e r 31 , E n d e d M a r c h 31 , $ i n t ho u s a n d s 2021 2022 2 0 23 2024 2025 N o n - G A A P A d j u s t e d N e t I n c o m e R e c o n c ili a t i o n $5 , 4 3 6 $21 , 015 $16 , 80
Slide 31: Historical Balance Sheet
Hi st ori c al Balance She e t 31 $ i n t ho u s a n d s A s o f D e c e m b e r 3 1 , A s o f M a rc h 3 1 , 2 025 2024 2023 $125 , 001 $82 , 701 $81 , 3 96 C a s h a n d C a s h E q u i v a l e n ts 296 , 617 296 , 556 325 , 3 20 A F S I n v e s t m e n t S e c u r i t i e s 1 , 841 , 187 1 , 864
Slide 32: Historical Income Statement
Hi st ori c al Income S t a t eme n t 32 F o r t h e Q u a r t e r E n d e d M a r c h 3 1 , 2025 F o r t h e Y e a r E n d e d D e c e m b e r 31 , 202 3 2024 $ i n t h o u s a n d s $31 , 885 $112 , 49 4 $130 , 878 I n t e r e s t a n d F e e s o n L o a n s 1 , 749 8 , 65 8 7 , 162 I n t e r e s