Avidia Bancorp, Inc. SEC filings document formal disclosures by the holding company of Avidia Bank. Recent 8-K reports furnish unaudited operating results, financial-condition updates, dividend declarations, and exhibits containing earnings releases for the bank holding company.
The filing record also covers public-company governance and reporting matters, including a director appointment and audit committee service, changes in the company’s independent registered public accounting firm, and related disclosures about accounting disagreements, reportable events, and board actions.
Avidia Bancorp, Inc., holding company for Avidia Bank, is calling its first post-IPO annual stockholder meeting for September 15, 2026 in Marlborough, MA. Holders of its 20,076,250 outstanding common shares as of July 24, 2026 may vote, subject to a 10% voting cap per record holder.
Stockholders will elect four directors, approve or reject a new 2026 Equity Incentive Plan, and ratify BDMP Assurance, LLP as auditor for 2026. The plan would reserve 2,810,675 shares (14% of common stock) for awards, including 803,050 shares for restricted stock/RSUs and 2,007,625 for options, with one-year minimum vesting (subject to limited exceptions), clawback coverage and double-trigger change-in-control vesting.
On approval, non-employee directors would receive self-executing initial grants totaling 240,912 restricted shares and 602,280 options, vesting over five years. As of July 24, 2026, the ESOP owns 1,606,100 shares (8.0%), T. Rowe Price Investment Management owns 1,197,758 (6.0%), and directors and officers as a group own 680,033 shares (3.4%).
Avidia Bancorp, Inc. has authorized a stock buyback plan under which it may repurchase up to $30 million in value of its common stock. The program becomes effective on August 4, 2026 and is scheduled to expire on July 31, 2027.
Repurchases may be made from time to time on the open market, in privately negotiated transactions, and through trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The size and timing of repurchases will depend on pricing, market conditions, and the company’s capital position, and the plan may be modified, suspended, or discontinued at any time.
Avidia Bancorp, Inc. executive Nicolas Karmelek, EVP and CRO, reported two open-market purchases of Common Stock. He bought 19 shares on 2026-05-27 at $19.08 per share and 14 shares on 2026-02-25 at $18.92 per share, for a total of 33 shares.
He also reports indirect holdings of 22,110 shares of Common Stock held by a 401(k) plan and 1,096 shares held by an ESOP, both as of 2026-02-25, with the 401(k) balance reflecting transactions not required to be reported under Section 16.
Avidia Bancorp, Inc. director GILLES MICHAEL O reported open-market or private purchases of a total of 3,000 shares of common stock on 2026-05-15, in three 1,000-share lots at $19.1205, $19.1700, and $18.9160 per share. Following these trades, holdings stood at 26,096 shares held directly, 20,000 shares held indirectly via an IRA, and 5,000 shares held indirectly by a spouse, plus an additional 1,300 shares reported as held indirectly as custodian for a grandchild. The Rule 10b5-1 trading-plan checkbox was not marked.
Avidia Bancorp reported second quarter 2026 net income of $7.2 million, or $0.39 per share, up from $6.0 million, or $0.32, in the first quarter, reflecting about 20% earnings growth. Total net revenue rose to $29.9 million, a 6% increase, as non-interest income grew $1.6 million to $5.9 million on stronger HSA fees, payment processing, and bank-owned life insurance and RABBI trust income. Net interest income was stable while the net interest margin improved to 3.64%, helped by a lower 1.89% cost on interest-bearing liabilities.
Total assets were $2.78 billion, with loans down 1% to $2.26 billion and deposits up slightly to $2.15 billion, while Federal Home Loan Bank advances fell $45 million to $160 million. Stockholders’ equity increased to $389.5 million, giving a stockholders’ equity-to-assets ratio of 14.01% and a total capital ratio of 20.11% of risk-weighted assets. Asset quality remained solid, with a $23.9 million allowance for credit losses (1.06% of loans) and net recoveries of $0.4 million, though non-accrual loans rose to $16.9 million, or 0.75% of loans. The quarterly cash dividend was increased 20% to $0.06 per share, and the company joined the Russell 2000 index on June 26, 2026.
BlackRock, Inc. reports beneficial ownership of common stock of AVIDIA BANCORP INC. As of June 30, 2026, BlackRock and certain reporting business units beneficially owned 1,151,670 shares of Avidia Bancorp common stock, representing 5.7% of the outstanding class.
BlackRock has sole voting power over 1,139,174 shares and sole dispositive power over all 1,151,670 shares, with no shared voting or dispositive power. Various underlying clients may receive dividends or sale proceeds, but no individual client holds more than five percent of Avidia’s total outstanding common shares.
Avidia Bancorp, Inc. has scheduled its 2026 Annual Meeting of Stockholders for September 15, 2026, at 8:30 a.m. local time. The meeting will be held at the Courtyard by Marriott Marlborough, 75 Felton Street, Marlborough, Massachusetts 01752.
Stockholders of record as of the close of business on July 24, 2026 will be entitled to receive notice of, and to vote at, the Annual Meeting.
Avidia Bancorp, Inc. CFO and Treasurer Jonathan Michael Nelson reported a new open-market purchase of common stock. On June 3, 2026, he bought 1,065 shares at $18.8999 per share. After this transaction, he directly owns 14,545 shares and indirectly holds 22,378 shares through a 401(k) plan.
Avidia Bancorp, Inc. President & CEO Robert D. Cozzone reported an open-market purchase of 2,128 shares of common stock at $18.80 per share, acquired indirectly through a 401(k) plan. Following this transaction, the 401(k) holding stands at 67,357 shares of Avidia Bancorp common stock.
The Form 4 also shows 1,096 shares held indirectly through an ESOP and 1,000 shares held directly, giving investors a clearer view of Cozzone’s overall equity position in the company.
Avidia Bancorp, Inc., parent of Avidia Bank, released an investor presentation outlining its community banking strategy and first-quarter 2026 performance. The bank reported $2.8 billion in total assets, $2.3 billion in total loans, and $2.1 billion in total deposits as of March 31, 2026.
The presentation shows 1Q26 annualized revenue of $113 million, net income of $6.0 million, and earnings per share of $0.32. Net interest margin was 3.61%, with return on assets at 0.86% and return on tangible equity at 6.57%. Avidia emphasizes commercial lending, condo association lending, and health savings account and payments activities, which accounted for $601 million of deposits and 46% of 2025 non-interest income. Capital ratios remain strong, including a total risk-based capital ratio of 19.7%, and the company has initiated a quarterly dividend of $0.05 per share.