Avidbank Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q3 net income was $10.2M and loans grew 17% YoY, with ~$76M of core deposit growth excluding temporary and brokered balances. Strong Q4 pipelines face uncertainty from construction payoffs, while the rate increase is expected to benefit the asset-sensitive balance sheet.
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Core profitability remained strong with adjusted net income of $8.2 million and robust loan and deposit growth. Asset quality improved, and the launch of an SBA lending division supports future expansion. Litigation and construction loan charges were notable one-time items.
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Net income rose to $9 million in Q1 2026, with strong loan and deposit growth and improved profitability metrics. Venture lending, especially SaaS, is under close monitoring amid market disruption, while deposit cost pressures may slightly reduce margins going forward.
Fiscal Year 2025
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Strong Q4 and full-year growth in loans and deposits drove higher net income and NIM, with management targeting continued double-digit growth in 2026. Credit quality remains stable despite higher NPAs, and non-interest expenses are expected to rise modestly.
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Completed IPO raised $61.3M, enabling securities portfolio restructuring and margin expansion. Adjusted Q3 net income was $6.7M, with strong loan and deposit growth and improved capital ratios. Margin expected to exceed 4% in Q4 as profitability improves.