Avidia Bancorp, Inc. (NYSE:AVBC) filed its Form 10-Q for the quarterly period ended June 30, 2026, with the Securities and Exchange Commission on August 13, 2026, reporting net income of $7.170 million for the second quarter and $13.165 million for the first half of the year.

Key Highlights

  • Q2 2026 net income: $7.170 million, compared to $3.872 million in Q2 2025, according to the filing.
  • Six-month net income: $13.165 million for the first half of 2026, versus a net loss of $7.715 million for the same period in 2025.
  • Net interest income: $23.964 million for Q2 2026 and $47.946 million for the six months ended June 30, 2026.
  • Total assets: $2.780 billion as of June 30, 2026, down from $2.837 billion at December 31, 2025.
  • Total deposits: $2.154 billion as of June 30, 2026, compared to $2.128 billion at December 31, 2025.
  • Basic and diluted earnings per share: $0.39 for Q2 2026 and $0.71 for the six months ended June 30, 2026.
  • Shares outstanding: 19,970,306 shares of common stock as of August 13, 2026.

Avidia Bancorp's Balance Sheet and Income Trends Through June 30, 2026

According to the filing, Avidia Bancorp reported total assets of $2.780 billion as of June 30, 2026, a decrease from $2.837 billion at December 31, 2025. Total loans stood at $2.261 billion, with the allowance for credit losses at $23.926 million, yielding net loans of $2.237 billion. The company reported goodwill of $11.936 million, unchanged from year-end 2025, and total shareholders' equity of $389.536 million, up from $378.994 million at December 31, 2025. Accumulated other comprehensive loss widened to $14.174 million from $12.829 million over the same period.

The filing disclosed net interest income of $23.964 million for Q2 2026, compared to $20.618 million in Q2 2025. Total interest and dividend income was $33.238 million for the quarter, while total interest expense declined to $9.274 million from $11.241 million in the prior-year quarter. Federal Home Loan Bank advances fell to $160.000 million as of June 30, 2026, from $260.000 million at December 31, 2025. Total credit loss expense for Q2 2026 was $892 thousand, compared to $1.071 million in Q2 2025. For the six months ended June 30, 2026, total credit loss expense was $1.980 million, versus $18.687 million for the same period in 2025.

Non-interest income for Q2 2026 was $5.902 million, up from $5.246 million in Q2 2025, with payments processing income contributing $2.592 million. Total non-interest expense for the quarter was $19.501 million, slightly below the $19.763 million recorded in Q2 2025. Salaries and employee benefits were the largest non-interest expense item at $9.963 million for Q2 2026. The company reported income before income tax expense of $9.473 million for Q2 2026 and $17.659 million for the six-month period. The filing also noted bank-owned life insurance of $47.309 million as of June 30, 2026, up from $36.660 million at year-end 2025.

What Was Disclosed

Avidia Bancorp filed its quarterly report covering the period ended June 30, 2026, disclosing income statements, balance sheet data, changes in stockholders' equity, and cash flow statements, all prepared on an unaudited basis as a non-accelerated, smaller reporting, and emerging growth company.