The strong beat on EPS ($0.84 vs $0.80 consensus) combined with NIM expansion, improving credit quality, and a modest share buyback should drive positive price action. Watch the conference call on April 28 for commentary on loan pipeline sustainability and NIM trajectory given the rate environment.
Price Chart
Executive Summary
Avidbank reported Q1 2026 net income of $9.0M ($0.84 diluted EPS), up 30% sequentially from Q4 2025 and up 66% YoY from Q1 2025. Net interest margin expanded to 4.38% (up 25bp QoQ, 86bp YoY) and ROAA improved to 1.46%. Non-performing assets fell to 0.63% of total assets from 0.95% at year-end 2025. The company also repurchased 25,000 shares for $693K. This is a clean beat vs the $0.80 consensus estimate, driven by accelerating loan growth, lower deposit costs, and improving credit quality.
Key Financial Metrics
Key Facts
- Q1 2026 net income of $9.0M ($0.84 diluted EPS) vs $6.9M ($0.65) in Q4 2025 and $5.4M ($0.71) in Q1 2025
- Net interest margin expanded to 4.38% from 4.13% in Q4 2025 and 3.52% in Q1 2025
- Return on average assets improved to 1.46% from 1.12% in Q4 2025 and 0.96% in Q1 2025
- Non-performing assets to total assets fell to 0.63% from 0.95% at Dec 31, 2025
- Period-end loans grew $24.4M (5% annualized) from Dec 31, 2025 and $331.7M (18%) YoY
- Period-end deposits grew $13.2M (2% annualized) from Dec 31, 2025 and $269.8M (14%) YoY
- Repurchased 25,000 shares for $693K at avg price of $27.69/share
- Net charge-offs to avg loans of 0.52% (annualized) vs 0.30% in Q4 2025, driven by two C&I loan charge-offs
Financial Impact
Net income rose to $9.0M from $5.4M YoY; NIM expanded 86bp to 4.38%; ROAA improved 50bp to 1.46%
Risk Factors
- Net charge-offs increased to 0.52% annualized from 0.30% in Q4 2025 due to two C&I loan charge-offs
- Criticized loans rose to 1.57% of total loans from 0.50% at Dec 31, 2025, signaling potential credit stress
- Non-reciprocal brokered deposits increased $38.5M during the quarter, a potentially more expensive and less stable funding source
- Loan growth decelerated sharply to 5% annualized from 38% annualized in Q4 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013467 |
| Document: avbh20260302_8k.htm | 0001437749-26-013467 |
| Document: 0001437749-26-013467-index-headers.html | 0001437749-26-013467 |
| Document: 0001437749-26-013467-index.html | 0001437749-26-013467 |
| Document: 0001437749-26-013467.txt | 0001437749-26-013467 |
| 8-K Data (Synthetic) | 0001437749-26-013467 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $32.00 | awaiting T+5 | — | $32.79 (+2.47%) |
Sep 22, 2026 4w ago | Institutional Cluster | $31.80 $31.23 | ▼ −1.79% | ▼ −0.61% | $32.79 (+3.11%) |
Sep 4, 2026 7w ago | 144 | $31.92 $31.62 | ▼ −0.94% | ▲ +0.27% | $32.79 (+2.73%) |
Aug 3, 2026 12w ago | 8-K | $32.73 $32.33 | ▼ −1.22% | ▼ −3.25% | $32.79 (+0.18%) |
Jul 23, 2026 13w ago | 8-K | $31.86 $32.86 | ▲ +3.14% | ▲ +2.77% | $32.79 (+2.92%) |
Jun 15, 2026 19w ago | Institutional Cluster | $32.01 $32.05 | ▲ +0.13% | ▲ +1.51% | $32.79 (+2.44%) |
Apr 27, 2026 26w ago | 8-K | $30.40 $29.26 | ▼ −3.75% | ▼ −5.44% | $32.79 (+7.86%) |
Apr 7, 2026 28w ago | DEFA14A | $29.60 $29.57 | ▼ −0.10% | ▼ −3.62% | $32.79 (+10.78%) |
US Market Status
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