Avidbank Q2 net income rises 32% year over year to $7.65 million; net interest margin widens 66 percentage points to 4.26%
AVBH•Q2 earnings and margin expansion
Avidbank Holdings posted net income of $7.65 million, or $0.71 per diluted share, for the quarter ended June 30, 2026.
Net interest margin widened to 4.26% from 3.60% a year earlier, while net interest income rose 31% to $26.68 million.
Costs, credit losses and balance sheet growth
Non-interest expense climbed 31% to $16.47 million, including a $2.64 million litigation settlement charge.
Provision for credit losses increased to $2.79 million from $925,000; nonperforming loans fell to 0.65% of total loans from 1.14%.
Loans grew 7% annualized to $2.22 billion from year-end; deposits rose 13% annualized to $2.32 billion.
