The combination of a 34% EPS beat, expanding NIM, aggressive share repurchases (6.1% of equity), and a dividend hike creates a strong catalyst for the stock. Monitor for continued margin expansion and further buyback execution in Q4. The $30M authorization represents ~7% of market cap, providing ongoing support.
Price Chart
Executive Summary
Avidia Bancorp reported Q3 2026 net income of $8.6M ($0.47 EPS), a 20% sequential increase from $7.2M ($0.39 EPS), driven by higher loan yields and a lower loan loss provision. The net interest margin expanded 22bps to 3.86% (including an 11bp prepayment penalty benefit), while the company completed $23.8M in share repurchases (5.4% of shares outstanding) and announced a $30M buyback authorization. EPS of $0.47 beat consensus of $0.35 by 34.3%, and total net revenue of $31.2M exceeded the $30.6M estimate.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.47 beat consensus of $0.35 by 34.3%
- Net income rose 20% sequentially to $8.6M from $7.2M
- Net interest margin expanded 22bps to 3.86% (3.75% ex-prepayment penalty)
- Total net revenue of $31.2M beat $30.6M consensus estimate
- Completed $23.8M in share repurchases (1,079,051 shares, 5.4% of outstanding)
- Announced $30M stock repurchase authorization
- Quarterly dividend increased to $0.06 per share from $0.05
- Provision for credit losses fell 76% sequentially to $211K
- Deposits grew 2.5% to $2.21B; FHLB advances reduced by $50M to $110M
- Efficiency ratio improved to 62.2% from 65.3%
Financial Impact
EPS beat of $0.12 (34.3%) on consensus of $0.35; revenue beat of ~$0.6M (2%) on consensus of $30.6M
Risk Factors
- NIM expansion partially driven by a one-time $692K prepayment penalty (11bps benefit)
- Nonaccrual loans increased to 0.79% of total loans from 0.75%
- AOCI loss widened by $6.8M due to higher interest rates, reducing book value
- Commercial & industrial loans declined $31.2M due to prepayments
- Brokered CDs of $22.9M introduced as a new funding source
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-430532 |
| Document: avbc-20261022.htm | 0001193125-26-430532 |
| Document: 0001193125-26-430532-index-headers.html | 0001193125-26-430532 |
| Document: 0001193125-26-430532-index.html | 0001193125-26-430532 |
| Document: 0001193125-26-430532.txt | 0001193125-26-430532 |
| 8-K Data (Synthetic) | 0001193125-26-430532 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $22.66 | awaiting T+5 | — | $22.66 (−0.00%) |
Oct 9, 2026 16d ago | 3/A | $21.89 $21.96 | ▲ +0.32% | ▲ +2.29% | $22.66 (+3.52%) |
Sep 22, 2026 4w ago | Institutional Cluster | $21.78 $21.53 | ▼ −1.15% | ▲ +0.04% | $22.66 (+4.04%) |
Sep 3, 2026 7w ago | Insider Buy | $22.09 $22.18 | ▲ +0.41% | ▲ +1.62% | $22.66 (+2.58%) |
Aug 19, 2026 9w ago | Insider Cluster | $22.00 $22.02 | ▲ +0.09% | ▲ +0.48% | $22.66 (+3.00%) |
Aug 12, 2026 10w ago | Insider Cluster | $22.14 $22.00 | ▼ −0.63% | ▼ −0.19% | $22.66 (+2.35%) |
Jun 26, 2026 17w ago | 8-K | $21.15 $20.77 | ▼ −1.80% | ▼ −3.18% | $22.66 (+7.14%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.78 $20.07 | ▲ +6.87% | ▲ +10.69% | $22.66 (+20.66%) |
May 19, 2026 22w ago | Insider Cluster | $19.01 $19.08 | ▲ +0.37% | ▼ −1.88% | $22.66 (+19.20%) |
May 15, 2026 23w ago | Insider Cluster | $18.90 $19.06 | ▲ +0.85% | ▼ −0.77% | $22.66 (+19.89%) |
US Market Status
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