Avidia Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend
Business Wire•22/10/2026•16:30 ET
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Key Highlights
- ➤Q3 net income $8.6 million, or $0.47 per share, versus $7.2 million sequentially
- ➤Net interest margin rose 22 basis points to 3.86%, including a $692,000 prepayment penalty
- ➤Deposits grew $53.0 million, or 2.5%, to $2.21 billion
- ➤Avidia completed $23.8 million of share repurchases, representing 5.4% of outstanding shares
- ➤Avidia declared a $0.06-per-share quarterly cash dividend, payable November 30, 2026
Expert Statements
Robert Cozzone, CEO of Avidia Bancorp, Inc.
“Quarterly earnings growth benefited from higher loan yields and a lower loan loss provision. Our focus on pricing and operational discipline is resulting in continued improvements in operating leverage and balance sheet structure. During the quarter, we announced a $30 million stock repurchase authorization and commenced repurchases, further supporting stockholder returns.”
Avidia Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend
Avidia Bancorp, Inc. (the “Company”) (NYSE: “AVBC”), the holding company of Avidia Bank, today reported third quarter 2026 net income of $8.6 million, or $0.47 per share, compared to second quarter 2026 net income of $7.2 million, or $0.39 per share.
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