Avidia Bancorp, Inc. (AVBC) 10-Year Financial Performance & Capital Metrics

AVBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutAvidia Bancorp, Inc. operates as the bank holding company for Avidia Bank that provides various financial services to individual and corporate customers. It provides savings and checking, certificate of deposit, individual retirement, money market, demand deposit, and interest-bearing and noninterest-bearing checking accounts. The company also offers commercial and industrial loans, one-to four-family residential mortgage loans, home equity loans and second mortgage loans, multi-family mortgage loans, commercial real estate loans, construction and land loans, and consumer loans, as well as land development, business term, and auto loans. In addition, it provides payments processing services, invests in securities, primarily of U.S. Treasury securities, U.S. Government agency securities, and municipal securities. The company was founded in 1869 and is headquartered in Hudson, Massachusetts.Show more

Net Interest Income $73M +2.7%
Total Revenue $137M +9.5%
Net Income $11M -7.7%
Return on Equity 6.13% -15.7%
Net Interest Margin 2.76% +0.5%
Efficiency Ratio 50.44% -5.4%
ROA 0.44% -10.7%
Equity / Assets 7.3% +4.9%
Book Value per Share 9.65 +7.2%
Tangible BV/Share 8.89 +7.8%
Debt/Equity 1.82 -23.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 50.4% efficiency ratio
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y16.17%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-12.86%

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg8.29%

5Y Avg8.29%

3Y Avg4.07%

Latest3.73%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	71.33M	73.26M
NII Growth %	-	-	-	-	0.03%
Net Interest Margin %	-	-	-	-	-
Interest Income	0	0	0	111.12M	123.73M
Interest Expense	0	0	0	39.79M	50.47M
Loan Loss Provision	0	0	0	1.91M	1.78M
Non-Interest Income+	72.97M	87.08M	88.85M	13.53M	12.79M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	72.97M	87.08M	88.85M	124.65M	136.52M
Revenue Growth %	-	0.19%	0.02%	0.4%	0.1%
Non-Interest Expense	0	0	0	66.43M	68.87M
Efficiency Ratio	-	-	-	-	-
Operating Income+	72.97M	87.08M	88.85M	16.51M	15.4M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	0.19%	0.02%	-0.81%	-0.07%
Pretax Income+	15.11M	22.98M	12.31M	16.51M	15.4M
Pretax Margin %	-	-	-	-	-
Income Tax+	3.42M	5.62M	3.35M	4.07M	3.92M
Effective Tax Rate %	-	-	-	-	-
Net Income+	11.69M	17.35M	8.96M	12.44M	11.48M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	0.48%	-0.48%	0.39%	-0.08%
Net Income (Continuing)	11.69M	17.35M	8.96M	12.44M	11.48M
EPS (Diluted)+	0.00	0.00	0.00	0.62	0.57
EPS Growth %	-	-	-	-	-0.08%
EPS (Basic)	0.00	0.00	0.00	0.62	0.57
Diluted Shares Outstanding	0	0	0	20.08M	20.08M

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	0	0	0	1000K	1000K
Cash & Due from Banks	135.65M	310.7M	77.85M	70.34M	62.44M
Short Term Investments	0	0	0	1000K	1000K
Total Investments+	0	0	0	2.39B	2.46B
Investments Growth %	-	-	-	-	0.03%
Long-Term Investments	0	0	0	2.14B	2.19B
Accounts Receivables	0	0	0	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	11.94M	11.94M	11.94M	11.94M	11.94M
Intangible Assets	0	0	0	3.33M	3.49M
PP&E (Net)	21.87M	23.71M	26.82M	28.45M	28.5M
Other Assets	1.98B	2.28B	2.45B	73.05M	68.49M
Total Current Assets	0	0	0	327.45M	338.27M
Total Non-Current Assets	2.02B	2.32B	2.48B	2.27B	2.32B
Total Assets+	2.02B	2.32B	2.48B	2.6B	2.66B
Asset Growth %	-	0.15%	0.07%	0.05%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0%	0%	0%
Accounts Payable	0	0	0	0	0
Total Debt+	44.85M	62.16M	323.91M	428.54M	352.68M
Net Debt	-90.79M	-248.54M	246.06M	358.2M	290.24M
Long-Term Debt	44.85M	62.16M	323.91M	182.54M	187.68M
Short-Term Debt	0	0	0	246M	165M
Other Liabilities	1.8B	2.07B	2B	38.09M	43.2M
Total Current Liabilities	0	0	0	2.2B	2.23B
Total Non-Current Liabilities	1.85B	2.13B	2.32B	220.63M	230.88M
Total Liabilities	1.85B	2.13B	2.32B	2.42B	2.46B
Total Equity+	172.26M	183.17M	161.17M	180.8M	193.83M
Equity Growth %	-	0.06%	-0.12%	0.12%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.1%	0.05%	0.07%	0.06%
Book Value per Share	-	-	-	9.01	9.65
Tangible BV per Share	-	-	-	-	-
Common Stock	166.72M	184M	0	0	0
Additional Paid-in Capital	0	0	0	0	0
Retained Earnings	0	0	192.96M	203.79M	215.27M
Accumulated OCI	5.54M	-827K	-31.79M	-22.99M	-21.44M
Treasury Stock	0	0	0	0	0
Preferred Stock	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	0	0	0	15.6M	23.22M
Operating CF Growth %	-	-	-	-	0.49%
Net Income	11.69M	17.35M	8.96M	12.44M	11.48M
Depreciation & Amortization	0	0	0	3.04M	3M
Deferred Taxes	0	0	0	338K	-543K
Other Non-Cash Items	-11.69M	-17.35M	-8.96M	-693K	1.73M
Working Capital Changes	0	0	0	480K	7.55M
Cash from Investing+	0	0	0	-111.75M	-71.09M
Purchase of Investments	0	0	0	-32.53M	-114.51M
Sale/Maturity of Investments	0	0	0	1000K	1000K
Net Investment Activity	-	-	-	-	-
Acquisitions	0	0	0	0	0
Other Investing	0	0	0	-197.04M	-64.77M
Cash from Financing+	0	0	0	88.64M	39.97M
Dividends Paid	0	0	0	0	0
Share Repurchases	0	0	0	0	0
Stock Issued	0	0	0	0	0
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	0	0	0	1000K	-1000K
Other Financing	0	0	0	-15.86M	115.97M
Net Change in Cash+	0	0	0	-7.51M	-7.9M
Exchange Rate Effect	0	0	0	0	0
Cash at Beginning	0	0	0	77.85M	70.34M
Cash at End	0	0	0	70.34M	62.44M
Interest Paid	0	0	0	38.25M	50.55M
Income Taxes Paid	0	0	0	3.34M	3.2M
Free Cash Flow+	0	0	0	12.48M	20.45M
FCF Growth %	-	-	-	-	0.64%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.79%	9.77%	5.2%	7.28%	6.13%
Return on Assets (ROA)	0.58%	0.8%	0.37%	0.49%	0.44%
Net Interest Margin	0%	0%	0%	2.75%	2.76%
Efficiency Ratio	0%	0%	0%	53.3%	50.44%
Equity / Assets	8.54%	7.9%	6.49%	6.96%	7.3%
Book Value / Share	-	-	-	9.01	9.65
NII Growth	-	-	-	-	2.71%

Frequently Asked Questions

Valuation & Price

Avidia Bancorp, Inc. (AVBC) has a price-to-earnings (P/E) ratio of 29.8x. This suggests investors expect higher future growth.

Growth & Financials

Avidia Bancorp, Inc. (AVBC) grew revenue by 9.5% over the past year. This is steady growth.

Yes, Avidia Bancorp, Inc. (AVBC) is profitable, generating $11.5M in net income for fiscal year 2024 (8.4% net margin).

Dividend & Returns

Avidia Bancorp, Inc. (AVBC) has a return on equity (ROE) of 6.1%. This is below average, suggesting room for improvement.

Industry Metrics

Avidia Bancorp, Inc. (AVBC) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Avidia Bancorp, Inc. (AVBC) has an efficiency ratio of 50.4%. This is excellent, indicating strong cost control.

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