AVBH · Avidbank Holdings, Inc.

Avidbank Holdings reported strong Q1 2026 results with net income of $9.0 million, up from $6.9 million in Q4 2025 and $5.4 million in Q1 2025, driven by net interest income growth to $26.5 million from higher average loan balances and lower deposit costs. Net interest margin expanded 25 basis points quarter-over-quarter to 4.38%, aided by a special FHLB dividend and higher loan fees, while year-over-year gains reflected balance sheet restructuring from 2025. Efficiency ratio improved to 50.35% from 51.72% prior quarter, supported by disciplined expense management despite higher credit-related fees and headcount to 154 FTEs. Provision for credit losses declined to $1.4 million due to slower loan growth. Balance sheet showed total assets at $2.58 billion, with loans up $24.4 million (5% annualized) driven by non-owner-occupied real estate, offset by C&I declines; deposits grew $13.2 million (2% annualized) with gains in brokered and non-interest-bearing. Asset quality strengthened as non-performing assets fell to 0.63% of total assets, reflecting resolutions including charge-offs of two C&I loans and payoff of a construction loan. Management highlighted 2025 IPO and balance sheet restructuring benefits, proactive credit management, and employee execution driving profitability and shareholder value, with book value per share rising to $26.33. A conference call is scheduled for April 28, 2026, with earnings supplement available.