Avidbank Q2 net income falls from prior quarter

Avidbank Holdings

23/07/2026 21:32

    

    Overview
  
US commercial lender's Q2 net income fell sequentially but rose from a year ago
Adjusted EPS for Q2 was $0.76
Q2 net interest margin declined from Q1 but improved from a year earlier

    

    Outlook
  
Avidbank Holdings did not provide specific guidance for the current qtr or full yr

    

    Result Drivers
  
LOAN AND DEPOSIT GROWTH - Higher average loan and deposit balances supported net interest income, per company
HIGHER DEPOSIT COSTS AND LOWER FHLB DIVIDEND - Net interest margin declined from Q1 due to increased deposit costs and a lower FHLB dividend
NON-RECURRING ITEMS - Results included a $2.6 mln litigation settlement expense and $1.3 mln in income from BOLI death benefit proceeds

    
Company press release: ID:nACS09vCca

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.71
 
Q2 Net Income
 
$7.65 mln
 
Q2 CET1 Capital Ratio
 
11.35%
 
Q2 Net Interest Margin (%)
 
4.26%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Avidbank Holdings Inc is $36.50, about 14.8% above its July 22 closing price of $31.80
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

    

    Reuters Recommended Reads
  
July 23 - South Atlantic Bancshares Q2 profit rises on loan growth, lower funding costs
July 21 - FFB Bancorp's Q2 net income falls on interest margin pressure
July 23 - 1st Source Q2 net interest income up driven by higher loan and deposit balances

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)