Avidbank Q2 net income $7.6M ($0.71 EPS); adjusted EPS $0.76; loans up 9% annualized

Avidbank Holdings, Inc.

Net income $7.6M ($0.71 diluted EPS) vs $9.0M ($0.84) in Q1 2026; adjusted net income $8.2M ($0.76 adjusted diluted EPS).
Loans net of fees $2.22B, up $51.3M (9% annualized) from March 31; deposits $2.32B, up $122.6M (22% annualized).
Net interest margin 4.26% vs 4.38% in Q1; provision for credit losses $2.8M vs $1.4M, including $1.9M partial charge-off on one construction loan.
Non-performing loans to total loans 0.65% vs 0.75% prior quarter; book value per share $26.97, up $0.64.
Includes $2.6M litigation settlement expense and $1.3M BOLI death benefit income; no share repurchases in Q2.

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