Avidbank Holdings, Inc. (AVBH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Before we begin, let me remind you that today's call is being recorded and is available in the Investor Relations section of our website at avantbank.com, along with our earnings release and presentation materials. Today's call contains forward looking statements, are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those discussed. These statements are intended to be covered by the Safe Harbor provisions of the federal securities laws. For a list of factors that may cause actual results to differ materially from expectations, please refer to our earnings release under the heading forward looking statements, as well as the disclosures contained within our SEC filings. We will also reference non GAAP financial measures alongside our discussion of GAAP results. We encourage you to review the GAAP to non GAAP reconciliations provided in our earnings release. With that, I'd like to turn the call over to our Chairman and CEO, Mark Perdent. Thank you, Gina, and thank you all for joining us this morning. We appreciate your continued interest and support for sure. You know, overall, this is another solid quarter for us, albeit a bit noisy. We continued to grow loans and deposits, the margin held up, our core profitability remains and our core profitability remains strong. As you saw in the release, our reported results for this quarter included two discrete items. A charge to settle a litigation matter and a gain on bank owned life insurance, with the net effect reducing reported burdens. Excluding those items, adjusted net income was 8,200,000 or $0.76 a share, and our adjusted return on assets was 1.28%. So underneath the reported numbers, the core earnings and power of the franchise continue to improve, an...