Avidia Bancorp Q2 FY26 net income rises 19.6% to $7.17 million; revenue increases 6% to $29.87 million vs Q1 FY26

Reuters2026/07/23 20:51

By:Reuters

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Avidia Bancorp posted second-quarter 2026 net income of $7.2 million, up 20% from the prior quarter; EPS rose to $0.39 from $0.32.
Total net revenue climbed 6% to $29.9 million, driven by non-interest income rising to $5.9 million from $4.3 million.
Net interest margin widened 3 basis points to 3.64%; return on assets improved to 1.04% from 0.86%.
Quarterly cash dividend increased 20% to $0.06 per share, payable on or about Aug. 27 to holders of record Aug. 18.
CEO Robert D. Cozzone cited fee-income gains, efficiency initiatives, a 65.3% efficiency ratio, and Russell 2000 inclusion on June 26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidia Bancorp Inc. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avidia Bancorp Q2 FY26 net income rises 19.6% to $7.17 million; revenue increases 6% to $29.87 million vs Q1 FY26

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