NYSE : AVBC

Avidia Bancorp, Inc. — Financial statements

Financials · Banks - Regional · United States

Last price 23.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 435.13M

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans122.61M117.54M111.54M111.12M84.30M75.12M
Interest Income on Investments12.79M13.04M12.20M
Total Interest Income135.40M130.58M123.73M111.12M84.30M75.12M
Interest Paid on Deposits28.50M29.55M32.87M39.79M7.95M5.94M
Interest Paid on Borrowings10.16M14.49M17.60M
Total Interest Expense38.66M44.04M50.47M39.79M7.95M5.94M
Net Interest Income96.73M86.54M73.26M71.33M76.35M69.18M
Mortgage Banking Activities1.09M402.00K1.57M
Gain (Loss) on Sale of Assets3.26M
Gain (Loss) on Sale of Investments-218.00K-837.00K-1.64M-1.22M-5.84M6.32M
Other Non-Interest Income18.49M17.46M17.09M18.64M19.57M14.70M
Total Non-Interest Income19.36M17.02M17.02M20.68M13.73M21.02M
Revenues Before Loan Losses116.09M103.56M90.28M92.00M90.08M90.21M
Provision for Loan Losses3.41M21.44M1.78M1.91M1.23M3.12M
Revenue112.68M82.12M88.50M90.09M88.85M87.08M
Salaries and Employee Benefits38.76M38.65M34.72M33.99M
Occupancy Expenses4.33M5.52M7.46M7.95M
Federal Deposit Insurance1.20M2.28M2.48M2.62M
Selling, General & Administrative19.00M27.76M23.85M24.88M
Other Non-Interest Expense11.75M12.86M4.23M3.89M76.54M64.11M
Total Non-Interest Expense75.71M87.81M73.10M73.58M76.54M64.11M
EBT Excluding Unusual Items36.97M-5.68M15.40M16.51M12.31M22.98M
Pretax Income36.97M-5.68M15.40M16.51M12.31M22.98M
Income Tax Expense9.87M-2.39M3.92M4.07M3.35M5.62M
Net Income27.10M-3.29M11.48M12.44M8.96M17.35M
Net Income to Common27.10M-3.29M11.48M12.44M8.96M17.35M
Basic Shares Outstanding18.49M18.53M
Diluted Shares Outstanding18.49M18.53M
EPS (Basic)1.47-0.18
EPS (Diluted)1.47-0.18
Effective Tax Rate26.70%25.44%24.66%27.24%24.47%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents60.30M145.45M62.44M70.34M77.85M310.70M
Investment Securities325.91M108.34M139.53M166.50M238.17M193.37M
Trading Asset Securities5.96M7.67M6.89M921.00K
Mortgage-Backed Securities173.80M143.15M110.51M116.67M142.12M
Total Investments325.91M288.10M290.35M283.90M354.84M336.41M
Gross Loans2.26B2.30B2.20B2.13B1.92B1.59B
Allowance for Loan Losses-23.19M-22.02M-21.74M-20.78M
Other Adjustments to Gross Loans-3.00M-3.22M-2.95M
Net Loans2.24B2.28B2.18B2.11B1.92B1.59B
Property, Plant & Equipment28.95M29.18M28.50M28.45M26.82M23.71M
Goodwill11.94M11.94M11.94M11.94M11.94M11.94M
Loans Held for Sale780.00K400.00K850.00K
Accrued Interest Receivable8.59M8.54M8.90M
Long-Term Deferred Tax Assets14.94M13.13M12.79M
Other Long-Term Assets79.51M52.10M49.58M92.49M91.60M48.40M
Total Assets2.78B2.84B2.66B2.60B2.48B2.32B
Accrued Expenses64.41M29.95M29.59M
Interest Bearing Deposits1.09B845.52M826.38M1.53B1.96B2.08B
Institutional Deposits152.59M201.82M
Non-Interest Bearing Deposits1.11B1.13B1.04B413.69M
Total Deposits2.21B2.13B2.07B1.95B1.96B2.08B
Short-Term Borrowings6.35M7.49M
Current Portion of Long-Term Debt240.00M165.00M246.00M
Current Portion of Leases807.00K
Long-Term Debt27.91M27.82M27.68M27.54M27.41M52.16M
Federal Home Loan Bank Debt, Long-Term110.00M20.00M160.00M155.00M296.50M10.00M
Long-Term Leases4.89M6.12M6.26M
Other Long-Term Liabilities35.23M35.95M-7.17M
Total Liabilities2.41B2.46B2.46B2.42B2.32B2.13B
Common Stock192.00K201.00K184.00M
Additional Paid-In Capital171.51M194.90M
Retained Earnings230.55M211.98M215.27M203.79M192.96M
Comprehensive Income & Other-35.67M-28.09M-21.44M-22.99M-31.79M-827.00K
Shareholders' Equity366.57M378.99M193.83M180.80M161.17M183.17M
Total Liabilities & Equity2.78B2.84B2.66B2.60B2.48B2.32B
Total Debt137.91M299.86M366.29M434.80M323.91M62.16M
Net Cash (Debt)-77.61M-148.45M-296.18M-357.57M-246.06M249.46M
Net Cash Per Share-4.20-8.01
Filing Date Shares Outstanding18.25M18.55M
Total Common Shares Outstanding18.25M18.55M
Book Value Per Share20.0920.43
Tangible Book Value354.64M367.06M181.89M168.86M149.23M171.24M
Tangible Book Value Per Share19.4419.79

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-3.29M11.48M
Depreciation & Amortization3.00M3.00M
Other Amortization136.00K137.00K
Gain (Loss) on Sale of Assets-43.00K
Gain (Loss) on Sale of Investments439.00K1.63M
Total Asset Writedown567.00K
Provision for Credit Losses21.44M1.78M
Net Decrease (Increase) in Loans Originated / Sold - Operating735.00K-251.00K
Accrued Interest Receivable360.00K-276.00K
Change in Income Taxes-1.82M
Other Operating Activities6.01M6.36M
Operating Cash Flow28.37M23.22M
Capital Expenditures-4.29M-2.77M
Sale of Property, Plant and Equipment33.00K
Investment in Securities11.71M-3.55M
Net Decrease (Increase) in Loans Originated / Sold - Investing-121.96M-67.12M
Other Investing Activities2.93M2.07M
Investing Cash Flow-111.58M-71.09M
Long-Term Debt Issued65.00M
Short-Term Debt Repaid-65.00M-36.00M
Long-Term Debt Repaid-105.00M
Total Debt Repaid-65.00M-141.00M
Net Debt Issued (Repaid)-65.00M-76.00M
Issuance of Common Stock185.83M
Repurchase of Common Stock-16.06M
Net Increase (Decrease) in Deposit Accounts61.45M115.97M
Financing Cash Flow166.22M39.97M
Net Cash Flow83.01M-7.90M
Free Cash Flow24.09M20.45M
Free Cash Flow Margin29.33%23.11%
Free Cash Flow Per Share1.30
Cash Interest Paid44.23M50.55M
Cash Income Tax Paid2.63M3.84M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization439.38M311.50M
Last Close Price23.5016.68
PS Ratio3.903.79
PB Ratio1.170.82
P/FCF Ratio9.1212.93
P/OCF Ratio8.5510.98
Debt / Equity Ratio0.380.791.892.402.010.34
Debt / FCF Ratio12.4517.91
Net Debt / Equity Ratio0.210.391.531.981.53-1.36
Net Debt / FCF Ratio6.1614.48
Return on Equity (ROE)7.34%-1.15%6.13%7.28%5.20%9.77%
Return on Assets (ROA)0.97%-0.12%0.44%0.49%0.37%0.80%
Earnings Yield6.17%-1.06%
FCF Yield10.97%7.73%