Net interest income growth of 24.8% in 2026Q1 highlights revenue momentum, though net interest margins remain compressed between 0.7% and 0.9% due to high funding costs.
| Net Interest Income | 91.64M | 86.54M | 73.26M | 71.33M | 0 | 0 | 0 |
| NII Growth % | 48.56% | 18.13% | 2.71% | - | - | - | - |
| Net Interest Margin % | 3.26% | 3.05% | 2.76% | 2.75% | 0% | 0% | 0% |
| Interest Income | 133.1M | 130.58M | 123.73M | 111.12M | 0 | 0 | 0 |
| Interest Expense | 41.46M | 44.04M | 50.47M | 39.79M | 0 | 0 | 0 |
| Loan Loss Provision | 4.92M | 21.44M | 1.78M | 1.91M | 0 | 0 | 0 |
| Non-Interest Income | 17.77M | 17.02M | 17.02M | 13.53M | 88.85M | 87.08M | 72.97M |
| Non-Interest Income % | 11.78% | 11.53% | 12.09% | 10.86% | 100% | 100% | 100% |
| Total Revenue | 150.87M | 147.61M | 140.75M | 124.65M | 88.85M | 87.08M | 72.97M |
| Revenue Growth % | 20.94% | 4.87% | 12.92% | 40.29% | 2.03% | 19.34% | - |
| Non-Interest Expense | 85.48M | 87.81M | 73.1M | 66.43M | 0 | 0 | 0 |
| Efficiency Ratio | 56.66% | 59.49% | 51.93% | 53.3% | 0% | 0% | 0% |
| Operating Income | 19.01M | -5.68M | 15.4M | 16.51M | 88.85M | 87.08M | 72.97M |
| Operating Margin % | 12.6% | -3.85% | 10.94% | 13.25% | 100% | 100% | 100% |
| Operating Income Growth % | - | -136.9% | -6.72% | -81.42% | 2.03% | 19.34% | - |
| Pretax Income | 19.01M | -5.68M | 15.4M | 16.51M | 12.31M | 22.98M | 15.11M |
| Pretax Margin % | 12.6% | -3.85% | 10.94% | 13.25% | 13.86% | 26.38% | 20.71% |
| Income Tax | 4.72M | -2.39M | 3.92M | 4.07M | 3.35M | 5.62M | 3.42M |
| Effective Tax Rate % | 24.82% | 42.13% | 25.44% | 24.66% | 27.24% | 24.47% | 22.65% |
| Net Income | 14.29M | -3.29M | 11.48M | 12.44M | 8.96M | 17.35M | 11.69M |
| Net Margin % | 9.47% | -2.23% | 8.16% | 9.98% | 10.08% | 19.93% | 16.02% |
| Net Income Growth % | - | -128.64% | -7.68% | 38.89% | -48.39% | 48.45% | - |
| Net Income (Continuing) | 14.29M | -3.29M | 11.48M | 12.44M | 8.96M | 17.35M | 11.69M |
| EPS (Diluted) | 0.77 | -0.18 | 0.57 | 0.62 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | - | -131.58% | -8.06% | - | - | - | - |
| EPS (Basic) | - | -0.18 | 0.57 | 0.62 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 18.56M | 18.53M | 20.08M | 20.08M | 20.08M | 20.08M | 20.08M |
Operational and Regulatory Volatility
According to the latest quarterly financial data, Avidia Bancorp achieved a 24.8% year-over-year growth in net interest income as of 2026Q1, suggesting that the bank's strategic focus on specialized deposit funding is successfully capturing yield despite the broader challenges inherent in the current interest rate environment.
The consistent expansion of NII from $17.6M in 2024Q1 to $24.0M in 2026Q1 indicates that the bank is effectively leveraging its HSA and payment-related deposit base to fund asset growth. Investors should monitor whether this trajectory remains sustainable if deposit betas begin to rise, as the bank's reliance on specialized funding may face increased competition.
As reported in recent financial statements, Avidia's net interest margin has remained tight, hovering between 0.7% and 0.9% over the last ten quarters, which reflects the significant pressure on asset yields relative to the cost of maintaining a specialized, tech-heavy deposit and payment infrastructure.
The persistent sub-1% NIM suggests that the bank's funding advantage is being partially offset by the operational costs of its payment processing business. This margin profile warrants further investigation into whether the bank can achieve better spread management as it scales its digital payment rails.
Based on reported figures, the efficiency ratio has fluctuated significantly, reaching a high of 73.9% in 2025Q3 before moderating to 50.1% in 2026Q1, which highlights the operational challenges of balancing high fixed-cost technology investments with the bank's core community banking revenue streams.
The volatility in the efficiency ratio suggests that the bank is still in a phase of heavy infrastructure investment, which may periodically depress operating leverage. Analysts should watch for a sustained trend toward the lower end of this range to confirm that the bank is successfully achieving economies of scale.
Data from the income statement reveals a significant spike in provision for credit losses to $17.6M in 2025Q1, which appears to have been a primary driver of the net loss reported during that period, indicating potential sensitivity to credit quality within the bank's specialized loan portfolio.
The erratic nature of provision expenses suggests that the bank may be subject to lumpy credit events or conservative reserve adjustments that obscure underlying earnings power. Investors should monitor future provision trends to determine if this volatility is a structural feature of the bank's risk management or an isolated event.
Quick answers to the most common questions about buying AVBC stock.
Avidia Bancorp, Inc. (AVBC) reported a net loss of $3.3M for the fiscal year ending 2025.
Avidia Bancorp, Inc. (AVBC) reported an operating income of $-5.7M, resulting in an operating profit margin of -3.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Avidia Bancorp, Inc. (AVBC) generated $82.1M in gross profit for the year, representing a gross profit margin of 55.6%. This demonstrates the company's core pricing power and production efficiency.