Earnings ·
Reports Q3 net income of $8.6M and declares quarterly dividend of $0.06 per share
AVBCAvidia Bancorp, Inc.
Avidia Bancorp reported third-quarter 2026 net income of $8.6 million, or $0.47 per share, up from $7.2 million in the prior quarter. The company declared a quarterly cash dividend of $0.06 per share, payable on November 30 to stockholders of record as of November 17. Net interest margin expanded by 22 basis points to 3.86%, aided by a loan prepayment penalty, while efficiency ratio improved to 62.2%. The firm also announced a $30 million share repurchase authorization and completed $23.8 million in buybacks during the quarter. Avidia Bancorp is the holding company for Avidia Bank, a Massachusetts-chartered savings bank.