Q4 2025 Avidbank Holdings Inc Earnings Call Transcript
Key Points
- Avidbank Holdings Inc (AVBH) reported a strong quarter with loans up by $190 million for the quarter and $283 million for the year, reflecting a 15% annualized growth rate.
- Deposits increased by $92 million for the quarter and $241 million for the year, achieving a 13% growth rate.
- Net income for the fourth quarter was $6.9 million, or $0.65 per diluted share, with an adjusted net income for the full year of $24.9 million, or $2.80 per share.
- The net interest margin (NIM) expanded to 4.13% in the fourth quarter, up from 3.90% in the third quarter, driven by strong growth in loans and core deposits.
- Avidbank Holdings Inc (AVBH) successfully repositioned its investment portfolio, purchasing an additional $60 million in investment securities at an average yield of 4.48%.
- Non-performing assets (NPAs) increased, primarily due to two construction loans and one sponsored finance loan.
- The provision for credit losses rose to $2.8 million in the fourth quarter, up from $1.4 million in the third quarter, driven by loan growth and a specific reserve on a downgraded commercial loan.
- Non-interest expense increased to $13.9 million, primarily due to higher credit-related legal fees and an increase in the FDIC assessment.
- The tax rate in the fourth quarter increased to 31.1% from 28.9% in the third quarter, due to changes in California tax law.
- The loan-to-deposit ratio is expected to remain flat or slightly decrease, which could impact future growth potential.
Good morning. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Avidbank Holdings Inc. Fourth Quarter 2025 Earnings Conference Call. (Operator Instructions)
Thank you. I'd like to introduce the presenters, Chairman and CEO, Mark Mordell; Chief Financial Officer, Pat Oakes; and Chief Operating Officer, Gina Thoma-Peterson. You may begin your conference.
Good morning. Thank you for joining us today for Avidbank Fourth Quarter 2025 Earnings Call. Before we begin, let me remind you that today's call is being recorded and is available in the Investor Relations section of our website at avidbank.com, along with our earnings release and presentation material.
Today's call contains forward-looking statements, which are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those discussed. These statements are intended
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
