For Q1 FY2026 ended March 31, 2026, Avidia Bancorp reported net income of $5,996,000, a 151.7% increase year-over-year. Diluted EPS was $0.32. Total equity stood at $383,521,000.
•Net income surged 151.7% to $5.996 million.
•Diluted EPS of $0.32.
•Equity totaled $383.5 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Avidia Bancorp is the bank holding company for Avidia Bank that provides various financial services to individual and corporate customers. The company offers savings and checking, certificates of deposit, individual retirement, money market, demand deposit, and interest-bearing and noninterest-bearing checking accounts
Savings, checking, debit cards, credit cards, youth accounts, veterans checking, mobile banking, internet banking, international wires, and health savings and borrowing services Including loans, home equity, mortgages, masshousing homeowner loans, and auto loans.
Additionally, it offers e-banking services, cash management, merchant services, law firm banking, nonprofit banking, and municipal banking services and borrowing services that include commercial loans, commercial mortgage loans, land development loans, business term loans, working capital lines of credit, letters of credit, business manager, dental practice loans, condo association loans, and small business banking partnership services
Payments processing services; and invests in liquid assets, including U.S. Treasury securities, U.S. government agency and government-sponsored enterprise securities, mortgage-backed securities, municipal securities, certificates of deposit of federally-insured institutions, and investment grade corporate bonds. Founded in 1869, Avidia Bancorp is headquartered in Hudson, Massachusetts.
Avidia Bancorp, Inc. is the bank holding company for Avidia Bank, providing a wide range of financial services to individual and corporate customers. For individuals, the company offers savings and checking accounts, certificates of deposit, individual retirement accounts (IRAs), money market accounts, demand deposit accounts, and both interest-bearing and noninterest-bearing checking accounts. It also provides debit and credit cards, youth accounts, veterans checking, mobile and internet banking, international wires, and health savings accounts. On the lending side, it offers loans, home equity lines, mortgages, MassHousing homeowner loans, and auto loans. For businesses, Avidia Bancorp provides commercial loans, commercial mortgage loans, land development loans, business term loans, working capital lines of credit, letters of credit, and specialized services such as dental practice loans, condo association loans, and small business banking partnerships. Additionally, it offers cash management, merchant services, law firm banking, nonprofit banking, and municipal banking services, along with payment processing. The company also invests in liquid assets like U.S. Treasury securities, mortgage-backed securities, municipal securities, and investment-grade corporate bonds.
Where is Avidia Bancorp (AVBC) listed and in which currency?
Avidia Bancorp, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol AVBC. The company trades in U.S. dollars (USD), reflecting its operations based in the United States. As a regional bank holding company headquartered in Massachusetts, its financial reporting and stock transactions are conducted in USD, which is the standard currency for U.S.-listed equities.
What sector and industry does Avidia Bancorp (AVBC) operate in?
Avidia Bancorp, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank holding company that provides traditional banking services to local communities and businesses. Regional banks like Avidia typically focus on a specific geographic area, offering personalized services such as deposits, loans, and other financial products tailored to the needs of individuals and small to medium-sized enterprises in their region.
Where is Avidia Bancorp headquartered and what markets does it serve?
Avidia Bancorp, Inc. is headquartered in Hudson, Massachusetts, United States. Founded in 1869, the company has a long history of serving customers in the Massachusetts region. As a regional bank, Avidia primarily serves individual and corporate customers in its local market area, offering a comprehensive suite of financial services including personal and business banking, loans, and investment products. The company's focus on community banking means it caters to the needs of local residents, small businesses, and municipal entities within its geographic footprint.
How does Avidia Bancorp (AVBC) generate revenue?
Avidia Bancorp generates revenue primarily through its banking operations, which include net interest income from lending activities and fee-based income from services. The company earns interest by offering a variety of loan products such as residential mortgages, home equity loans, commercial loans, and business term loans. It also generates fee income from deposit account services, including checking and savings accounts, as well as from ancillary services like cash management, merchant services, and payment processing. Additionally, Avidia invests in a portfolio of liquid assets, including U.S. Treasury securities, mortgage-backed securities, and municipal bonds, which provide interest income. The bank's diversified product offerings, ranging from personal banking to specialized commercial lending, contribute to its overall revenue stream.