Welcome to our dedicated page for Avidbank news (Ticker: AVBH), a resource for investors and traders seeking the latest updates and insights on Avidbank stock.
Avidbank Holdings, Inc. (AVBH) delivers specialized financial solutions through commercial lending, structured finance, and asset-based lending services. This news hub provides investors and stakeholders with timely updates on corporate developments, strategic initiatives, and market positioning.
Access official press releases and curated news covering earnings announcements, leadership changes, product innovations, and strategic partnerships. Our repository simplifies tracking AVBH's progress in niche banking sectors while maintaining compliance with financial disclosure standards.
Discover updates across key operational areas including venture lending programs, real estate financing, and credit risk management practices. This resource enables informed analysis of the company's financial health and sector-specific growth strategies.
Bookmark this page for streamlined access to verified AVBH developments. Combine regular monitoring with our historical archive to identify long-term performance trends in commercial banking and structured finance markets.
Avidbank Holdings (AVBH) reported Q1 2025 net income of $5.4 million ($0.71 per diluted share), compared to $6.5 million in Q4 2024 and $5.2 million in Q1 2024. Key highlights include:
- Book value per share increased to $24.85, up 22% annualized from Q4 2024
- Net interest margin expanded to 3.52% from 3.49% in Q4 2024
- Deposits grew by $38.1 million (8% annualized) from Q4 2024
- Loans decreased by $23.8 million (5% annualized) from Q4 2024
Credit quality remained strong with no charge-offs in Q1 2025 and nonperforming assets at 0.06%. Total assets reached $2.32 billion, with period-end deposits at $1.93 billion. The decrease in quarterly net income was primarily due to a $1.8 million increase in noninterest expense, partially offset by lower provision for credit losses.
Avidbank Holdings (AVBH) reported strong Q4 2024 performance with net income of $6.5 million ($0.84 per diluted share), up from $5.8 million in Q3 2024 and $303,000 in Q4 2023. Key highlights include:
- Return on average assets improved to 1.14%
- Loans increased by $78.2 million (18% annualized) from Q3
- Net interest margin expanded to 3.49%
- Average deposits grew by $88.4 million (20% annualized) from Q3
The bank recorded a $4.3 million charge-off from a venture lending relationship, though overall credit quality remained strong with nonperforming assets at 0.06% of total assets. Total assets stood at $2.30 billion, with period-end loans at $1.86 billion and deposits at $1.89 billion. The bank's book value per share was $23.57, showing a slight decrease from $23.95 in Q3 2024.
Avidbank Holdings (OTC PINK:AVBH) has announced the appointment of Brian Ogle as Senior Vice President, Relationship Manager and Team Leader in their Corporate Banking Division. Ogle brings over 18 years of banking industry experience, specializing in SBA and commercial real estate lending.
Previously serving as a Relationship Manager at Heritage Bank of Commerce, Ogle started his career at Bank of the Cascades in Oregon before moving to California eight years ago. He currently serves on the loan committee of California Coastal Rural Development , a nonprofit supporting local business community access to financial solutions.
Sarah Wesner, SVP and Division Manager of Corporate Banking, highlighted that Ogle's technical expertise and character will positively impact the division. Avidbank, headquartered in San Jose, California, specializes in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance, and real estate construction and commercial real estate lending.
Avidbank Holdings, Inc. (OTC PINK:AVBH) reported net income of $5.8 million for the third quarter of 2024, or $0.77 per diluted share. This represents an increase from both the previous quarter and the same period last year. Key highlights include:
- Return on average assets improved to 1.02%
- Book value per share increased by 10% to $23.95
- Loan to deposit ratio improved to 94.0%
- Period end deposits increased by $163.0 million, or 38% annualized
- Consolidated total risk-based capital improved to 12.92%
The company made progress in strengthening its balance sheet, with strong growth in core deposits and improved capital ratios. Loan growth was slightly impacted by decreased new originations and increased payoffs. The provision for credit losses decreased significantly compared to the previous quarter.
Avidbank Holdings (OTC Pink: AVBH) reported net income of $3.5 million for Q2 2024, down from $5.2 million in Q1 2024 and $4.7 million in Q2 2023. Key highlights include:
- Book value per share increased 2% to $21.77
- Loans grew 5% annualized to $1.81 billion
- Average deposits rose 8% annualized
- Efficiency ratio improved to 59.92%
- Net charge-offs remained at 0%
The decrease in net income was primarily due to a $3.0 million increase in credit loss provisions. Despite this, the bank reported solid progress in strengthening its balance sheet, with core deposit growth outpacing loan growth. Credit quality remains strong, with criticized and classified loans at 2.0% of total loans.
FAQ
What is the current stock price of Avidbank (AVBH)?
What is the market cap of Avidbank (AVBH)?
