Welcome to our dedicated page for Avidia Bancorp news (Ticker: AVBC), a resource for investors and traders seeking the latest updates and insights on Avidia Bancorp stock.
Avidia Bancorp, Inc. (NYSE: AVBC) is the stock holding company for Avidia Bank, a Massachusetts-chartered stock savings bank headquartered in Hudson, Massachusetts. Company news releases and SEC filings highlight developments that are important for understanding this regional bank’s financial performance, corporate actions, and governance.
News about Avidia Bancorp, Inc. frequently covers quarterly and year-to-date financial results, including net interest income, non-interest income, non-interest expense, provisions for credit losses, and key performance ratios. These updates describe trends in total assets, loans, deposits, shareholders’ equity, and asset quality measures such as non-accrual loans and the allowance for credit losses. Earnings releases also discuss the impact of specific items, such as contributions to the Avidia Bank Charitable Foundation, Inc., on reported net income or loss.
In addition to earnings, Avidia Bancorp, Inc. issues news related to its mutual-to-stock conversion, initial public offering, and listing of its common stock on the New York Stock Exchange under the symbol AVBC. Press releases describe the subscription offering results, the closing of the IPO, and the number of shares sold and contributed to the charitable foundation. Corporate governance updates, including appointments to the Board of Directors and Board committee assignments, are also disclosed through company news.
Investors and followers of AVBC can use this news stream to monitor how Avidia Bancorp, Inc. manages its loan portfolio, deposit base, capital levels, and operating expenses over time. Regular news items provide context on the bank’s regional footprint in western Middlesex County and eastern Worcester County in Massachusetts and on how strategic decisions, such as charitable contributions or changes in non-interest income sources, influence its financial results. Bookmark this page to review new press releases and historical announcements related to Avidia Bancorp, Inc.
Avidia Bancorp (NYSE: AVBC) reported a Q3 2025 net loss of $907,000 (‑$0.05 per share) driven by a one‑time charitable contribution of 900,000 shares (market value $9.0M) and $1.0M cash to the Avidia Bank Charitable Foundation related to its mutual‑to‑stock conversion.
Key metrics: total assets $2.8B (‑5.8% QoQ), total deposits $2.08B (‑$363.7M QoQ), gross loans $2.27B (+$26.7M QoQ), shareholders’ equity $371.4M (+$180.0M QoQ from IPO). Net interest income was $23.4M (+13.6% QoQ) and NIM expanded 24 bps to 3.43%.
Noninterest expense rose 43.5% to $28.4M largely from the $10.0M contribution; nonperforming loans increased to $17.6M (0.77% of loans).
Avidia Bancorp (NYSE:AVBC) has appointed Michael "Mike" Gilles to its Board of Directors and to the Board of Directors of Avidia Bank, effective September 25, 2025. Gilles brings over 45 years of community banking experience to Avidia, having previously served as Executive Vice President, Chief Operating and Financial Officer of Cambridge Financial Group.
A native of Hudson, MA, where Avidia Bank is headquartered, Gilles is a Certified Management Accountant with expertise in financial management, internal controls, asset/liability management, M&A, credit administration, and risk management. His appointment comes as Avidia transitions to a public company, bringing valuable financial expertise and local banking experience to the board.
Avidia Bancorp (NYSE:AVBC) reported its Q2 2025 financial results following its successful mutual-to-stock conversion and IPO completion on July 31, 2025. The bank posted a net income of $3.9 million, a significant improvement from Q1's $11.6 million loss.
Key metrics include net interest income of $20.6 million (up $1.4M QoQ), improved net interest margin of 3.19% (up 15bps), and reduced deposit costs to 1.36% (down 14bps). The balance sheet strengthened with gross loans of $2.25 billion and deposits of $2.44 billion. The efficiency ratio improved to 76.4% from 95.2% in Q1, while asset quality remained stable with non-accrual loans at 0.50%.
Avidia Bancorp, Inc. (NYSE:AVBC) has successfully completed its Initial Public Offering (IPO) as part of its mutual-to-stock conversion. The company sold 19,176,250 shares at $10.00 per share, raising approximately $191.8 million in gross proceeds.
The offering included 1,606,100 shares sold to the Employee Stock Ownership Plan (ESOP) and a contribution of 900,000 shares to the Avidia Bank Charitable Foundation. The company now has 20,076,250 shares outstanding. Trading on the NYSE under symbol AVBC is expected to begin on August 1, 2025.
The subscription offering was oversubscribed by eligible first-tier depositors, with all valid orders from this group and the ESOP being filled completely.
Avidia Bancorp (NYSE:AVBC) has announced the closing date for its Initial Public Offering (IPO) as part of its mutual-to-stock conversion. The company will list on the NYSE on August 1, 2025, offering 19,176,250 shares at $10.00 per share, including 1,606,100 shares for its Employee Stock Ownership Plan.
The subscription offering was oversubscribed by eligible depositors, with first-tier depositors and ESOP orders being filled according to allocation procedures. The company will also contribute 900,000 shares to the Avidia Bank Charitable Foundation, bringing the total outstanding shares to 20,076,250 upon completion.
Avidia Bancorp (NYSE:AVBC) has announced the results of its subscription offering related to the mutual-to-stock conversion of Assabet Valley Bancorp. The offering, which closed on June 17, 2025, was oversubscribed in the first tier by eligible depositors of Avidia Bank as of December 31, 2023.
The subscription orders exceeded the adjusted maximum offering range of $191,762,500. Due to oversubscription, orders will be allocated according to the procedures outlined in the Company's May 13, 2025 Prospectus. The company will begin trading on the New York Stock Exchange under the symbol "AVBC" once final regulatory approvals are received.
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