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. reports developments as the bank holding company of Avidia Bank, a Massachusetts-chartered stock savings bank serving western Middlesex County and eastern Worcester County through full-service banking offices. News commonly covers consolidated financial results, deposit and loan trends, net interest margin, asset quality measures, and quarterly cash dividend declarations.
Company updates also document its completed 2025 mutual-to-stock conversion and initial public offering, the public-company transition following that conversion, board governance changes, and community-bank operating themes tied to commercial, residential mortgage, and commercial real estate lending.
Avidia Bancorp (NYSE: AVBC) reported Q1 2026 net income $6.0M or $0.32 EPS and declared a $0.05 quarterly cash dividend payable ~May 28, 2026 (record May 19, 2026). Net interest margin rose 7 bps to 3.61%. Total assets were $2.81B; loans totaled $2.28B; deposits were $2.15B. Efficiency ratio was 67.2%; book value per share was $19.09 and tangible book value per share was $18.49.
Avidia Bancorp (NYSE: AVBC) reported Q4 2025 net income of $5.3M ($0.29/share) and a 2025 full-year net loss of $3.3M ($0.18/share). The company declared an initial quarterly cash dividend of $0.05/share payable ~Feb 26, 2026. Key trends: net interest income and margin expanded, loans and tangible book value grew, while annual noninterest expense rose and credit-charge activity increased.
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.