Avidia Bancorp Q2 FY26 net income rises 19.6% to $7.17 million; revenue increases 6% to $29.87 million vs Q1 FY26 - AVBC News | RalliesAvidia Bancorp Q2 FY26 net income rises 19.6% to $7.17 million; revenue increases 6% to $29.87 million vs Q1 FY26
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AVBC• Second-quarter results improve on higher fee income
- Avidia Bancorp posted second-quarter 2026 net income of $7.2 million, up 20% from the prior quarter; EPS rose to $0.39 from $0.32.
- Total net revenue climbed 6% to $29.9 million, driven by non-interest income rising to $5.9 million from $4.3 million.
- Net interest margin widened 3 basis points to 3.64%; return on assets improved to 1.04% from 0.86%.
- Quarterly cash dividend increased 20% to $0.06 per share, payable on or about Aug. 27 to holders of record Aug. 18.
- CEO Robert D. Cozzone cited fee-income gains, efficiency initiatives, a 65.3% efficiency ratio, and Russell 2000 inclusion on June 26.
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