Avidia Bancorp (AVBC) reported second quarter 2026 net income of $7.2 million, or $0.39 per share, compared with $6.0 million, or $0.32 per share, in the first quarter of 2026.
The company also increased its quarterly cash dividend by 20% to $0.06 per share, payable on or about August 27, 2026, to stockholders of record as of August 18, 2026.
- Total net revenue rose to $29.9 million, up $1.6 million, or 6%, from the prior quarter.
- Net interest margin increased 3 basis points to 3.64%.
- Return on assets increased to 1.04%, and return on equity rose to 7.43%.
- Total assets were $2.78 billion at June 30, 2026, down 1% from March 31, 2026.
- Total deposits increased 0.3% to $2.15 billion.
- Total loans decreased 1% to $2.26 billion.
- Non-accruing loans were $16.9 million, or 0.75% of total loans, at quarter-end.
