secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avidia Bancorp, Inc. (AVBC)
CIK:        0002058758
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001193125-25-251640
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avidia Bancorp posts Q3 net loss of $907K on $10M charitable contribution; core NII up 13.6%
--------------------------------------------------------------------------------

- Net loss of $907K ($0.05/sh) due to $10M one-time stock/cash donation to Avidia Bank Charitable Foundation; prior Q net income $3.9M.
- Net interest income $23.4M (+13.6% QoQ); net interest margin expanded 24 bps to 3.43% on lower funding costs.
- Total assets $2.8B (-5.8%); deposits fell $363.7M to $2.08B as IPO subscription funds were deployed.
- Non-performing loans $17.6M (0.77% of loans), up $6.3M primarily from non-accruing commercial loans.
- Book value per share $18.50; tangible book value $17.91 (non-GAAP) as of Sept 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2058758/000119312525251640/0001193125-25-251640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2058758/000119312525251640/avbc-20251023.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-251640

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer