Avidbank (AVBH) Q4 2025 earnings summary

Executive summary

• Achieved strong organic growth with a 16% CAGR in total assets, loans, and deposits from 2017 to 2025, reaching $2.57B in assets and $2.19B in deposits at year-end 2025.

• Q4 2025 net income was $6.9M ($0.65 per diluted share), rebounding from a Q3 net loss of $37.7M and up from $6.5M in Q4 2024.

• Completed IPO in August 2025, raising $61.3M in net proceeds and improving profitability and capital position.

• Growth was broad-based across business lines, with sponsor finance, corporate banking, and venture lending leading loan and deposit growth.

• Management remains optimistic for 2026, targeting continued double-digit growth in loans and deposits.

Financial highlights

• Q4 2025 net income was $6.9M ($0.65 per diluted share); full-year adjusted net income was $24.9M, up 18% year-over-year.

• Net interest margin expanded to 4.13% in Q4, up from 3.90% in Q3 and 3.49% in Q4 2024; would have been ~4.25% excluding a $726K interest reversal.

• Loans increased $190M (38% annualized) from Q3 and $284M (15%) year-over-year; deposits grew $137M (27% annualized) from Q3.

• Book value per share rose to $25.66 at year-end 2025.

• Pre-provision net revenue for Q4 was $12.9M, up from $10.7M in Q3.

Outlook and guidance

• Management targets 10–15% loan and deposit growth for 2026, supported by strong pipelines across divisions.

• NIM expected to remain around 4.25%, with some headwinds from deposit repricing and loan floors maturing.

• Non-interest expense run rate expected to be above $14M per quarter in 2026.

• Tax rate projected to normalize to ~28.5% in 2026.

• Positioned for continued growth through disciplined underwriting, diversified lending, and national expansion.