Avidia Bancorp (AVBC) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 net income was $5.3 million ($0.29 per share), up from $3.5 million in Q4 2024; full-year 2025 saw a net loss of $3.3 million versus $11.5 million net income in 2024.

• Initial quarterly cash dividend of $0.05 per share declared, payable February 2026, following the July 2025 IPO.

• Tangible book value per share grew 2.1% in Q4 2025 to $18.28.

Financial highlights

• Net interest income for Q4 2025 was $23.6 million, up 0.8% sequentially; full-year net interest income rose 18.1% year-over-year to $86.5 million.

• Net interest margin expanded to 3.54% in Q4 2025, up 11 bps sequentially and 54 bps year-over-year.

• Efficiency ratio improved to 67.2% in Q4 2025 from 101.5% in Q3 2025.

• Total assets at year-end 2025 were $2.84 billion, up 6.8% year-over-year.

• Total loans grew 4.6% year-over-year to $2.30 billion; deposits increased 3.0% to $2.13 billion.

Outlook and guidance

• Management emphasized disciplined capital deployment and expects continued focus on core deposit growth and commercial lending.