Avidia Bancorp Declares Quarterly Dividend of $0.06 Per Share Following Second-Quarter Results Announcement

Quarterly Financial Results Disclosure for Period Ended June 30, 2026

Avidia Bancorp released its unaudited consolidated financial results on July 23, 2026, covering the three-month and six-month periods that concluded on June 30, 2026. The announcement was made through an official press release filed with the Securities and Exchange Commission. The specific financial figures, performance metrics, and operational commentary contained within the results announcement were furnished to investors and the market simultaneously. The disclosure represents the company's standard quarterly reporting practice as a publicly traded financial institution.

The announcement included both interim period results and cumulative performance data for the first half of 2026. By reporting results for both the three-month quarter and the six-month year-to-date period, Avidia Bancorp provided investors with granular visibility into operational trends and performance trajectories. The unaudited nature of these results indicates they reflect preliminary financial positions subject to potential revision upon completion of full audit procedures, which is standard practice for quarterly earnings announcements by public companies.

Dividend Declaration and Payment Schedule

The company declared a quarterly dividend of $0.06 per share during the announcement period. This dividend declaration represents a direct return of capital to Avidia Bancorp shareholders and reflects management's confidence in the company's ability to generate sufficient earnings and maintain adequate capital levels. The specific dividend amount and payment terms were formally announced on July 23, 2026, establishing clear expectations for shareholder distributions during the current dividend cycle.

The dividend is scheduled for payment on or about August 27, 2026, to all shareholders whose names appear on the company's stock transfer records as of the close of business on August 18, 2026. This standard payment and record date structure gives shareholders a defined window to acquire shares and qualify for the dividend distribution. The ex-dividend date and record date mechanics allow the market to process the dividend entitlement systematically and ensure accurate disbursement to qualifying shareholders.

Corporate Structure and Regulatory Classification

Avidia Bancorp, Inc. operates as a bank holding company, with Avidia Bank serving as its primary operating subsidiary. The corporate structure places the parent holding company at the top of the organizational hierarchy, responsible for overall strategic direction, capital management, and regulatory compliance oversight. Avidia Bank, as the subsidiary depository institution, conducts the day-to-day banking operations and customer-facing financial services. This holding company structure is common among publicly traded regional and community banks seeking to separate capital management from operational banking activities.

The company is classified as an emerging growth company under federal securities law definitions. This classification provides Avidia Bancorp with certain regulatory accommodations and reduced compliance burdens compared to larger, fully mature public companies. While the company has elected not to use the extended transition period for adopting new or revised financial accounting standards, it retains other emerging growth company benefits. The designation reflects the company's size, maturity, and market position within the broader financial services sector.

Trading Information and Stock Exchange Listing

Avidia Bancorp common stock trades on the New York Stock Exchange under the ticker symbol AVBC. The stock is listed with a par value of $0.01 per share, a standard denomination for many publicly traded companies. Trading on the nation's largest stock exchange provides liquidity, price discovery, and broad market access for the company's shareholders. The NYSE listing ensures that Avidia Bancorp stock is subject to comprehensive exchange rules, listing standards, and surveillance mechanisms designed to protect investors and maintain market integrity.

The company's headquarters are located at 42 Main Street in Hudson, Massachusetts, with the zip code 01749. This geographic location identifies Avidia as a New England-based financial institution, likely focused on regional banking operations and community banking relationships throughout Massachusetts and potentially surrounding New England markets. The principal place of business address is registered with the SEC and serves as the official mailing address for corporate communications and regulatory filings.

SEC Registration and Corporate Identification Details

Avidia Bancorp is incorporated in the State of Maryland and maintains SEC Commission File Number 001-42775. The company's IRS Employer Identification Number is listed as 33-4239888. These identifiers ensure that federal and state regulatory authorities, tax agencies, and the investing public can accurately identify and locate the company within official records and databases. The Maryland incorporation is a common choice for financial holding companies seeking a stable, well-established corporate law framework with flexibility for banking operations and dividend distributions.

The 8-K filing was executed on July 27, 2026, four days after the earliest event reported date of July 23, 2026. This timing reflects the SEC's four-business-day filing deadline for current reports on Form 8-K. Chief Financial Officer Jonathan Nelson signed the document on behalf of Avidia Bancorp, affirming the accuracy and completeness of the disclosure. The signature block indicates that appropriate corporate authority executed the filing in compliance with Securities Exchange Act requirements.

Exhibit Documentation and Press Release Filing

The announcement was furnished to the SEC as Exhibit 99.1, which is the standard mechanism for attaching press releases to 8-K filings. The press release, dated July 23, 2026, contains the detailed disclosure of financial results and the dividend declaration. By incorporating the press release into the 8-K filing, Avidia Bancorp made the information official disclosure materials available to all investors and the investing public simultaneously. The press release format allows management to communicate financial performance and corporate actions in narrative form while the 8-K filing creates the formal SEC record.

The filing also included an embedded interactive data file in Inline XBRL format, which is identified as Exhibit 104. This structured data format allows financial analysts, institutional investors, and automated financial data aggregation systems to extract, analyze, and compare financial metrics in machine-readable form. The XBRL data standardization enhances transparency and facilitates rapid integration of Avidia Bancorp's disclosed information into financial modeling platforms and investment research systems used by professional market participants.

Item 2.02 Results of Operations and Financial Condition Disclosure

The filing triggered disclosure obligations under Item 2.02 of Form 8-K, which requires companies to report material information relating to results of operations and financial condition. By announcing quarterly financial results on July 23, 2026, Avidia Bancorp triggered the requirement to file a current report. The announcement of financial results for the three-month and six-month periods ended June 30, 2026 constitutes information material to investors' investment decisions and the market's understanding of company performance. Item 2.02 disclosures ensure that all investors receive uniform and timely access to material financial information.

The specific financial figures from the second-quarter and six-month results are contained in the attached press release rather than stated directly in the 8-K filing text. This is standard SEC practice, wherein the 8-K filing references and incorporates the substantive disclosure document while the 8-K itself serves as the formal notification mechanism. Investors and analysts seeking detailed financial data, commentary on operational performance, and management discussion of results must review the press release exhibit to access the complete disclosure package.

Item 9.01 Financial Statements and Exhibits Structure

Item 9.01 of Form 8-K requires disclosure of financial statements, pro forma financial information, and exhibits furnished or filed with the report. In Avidia Bancorp's filing, this section identifies the two exhibits provided: the press release (Exhibit 99.1) and the interactive XBRL data file (Exhibit 104). The exhibit structure provides a clear organizational framework that allows investors and regulators to identify and locate all supplementary documentation attached to the 8-K filing. This structured approach ensures transparency and comprehensive disclosure of all material information accompanying the current report.

The distinction between furnished and filed exhibits carries technical significance under SEC rules. Press releases are typically furnished rather than filed, meaning they do not constitute filed financial statements or audited documents but rather serve as narrative disclosure vehicles. The XBRL data file provides structured data representation of financial and non-financial information, facilitating machine-readable analysis. Together, these exhibits create a comprehensive disclosure package combining narrative explanation and structured data suitable for various user needs.

Capital Management Strategy and Shareholder Returns

The declaration of a quarterly dividend reflects Avidia Bancorp's capital management strategy and approach to returning value to shareholders. By establishing a regular dividend program, the company signals its confidence in sustainable earnings generation and prudent capital adequacy. The $0.06 per share quarterly dividend represents a formal commitment to returning capital to equity holders while maintaining sufficient retained earnings and capital buffers to support regulatory requirements and business growth. This balance between shareholder distributions and capital retention reflects management's assessment of appropriate dividend sustainability.

For Avidia Bancorp shareholders, the quarterly dividend provides a tangible income stream while holding the company's common stock. The dividend amount and its regularity inform shareholder total return expectations and help investors assess whether Avidia Bancorp aligns with their investment objectives. Institutional investors, including those focused on dividend-paying securities and income generation, may view the dividend declaration as evidence of management's commitment to shareholder value creation. Investors seeking growth potential, meanwhile, may evaluate whether retained earnings could be deployed more effectively toward business expansion or acquisition opportunities.