Revenue: As of FY2025 Q4, the actual value is USD 40.09 M.EPS: As of FY2025 Q4, the actual value is USD 0.65, missing the estimate of USD 0.755.EBIT: As of FY2025 Q4, the actual value is USD -14.92 M.<h4>Net Income / (Loss)</h4>Avidbank Holdings, Inc. reported a net income of $6.9 million for the fourth quarter of 2025, significantly up from a net loss of - $37.7 million in the third quarter of 2025, and an increase from $6.5 million in the fourth quarter of 2024. For the full year ended December 31, 2025, the company recorded a net loss of - $19.6 million, compared to a net income of $21.0 million for the year ended December 31, 2024. This 2025 full-year net loss included a - $62.4 million loss on the sale of available-for-sale securities. Excluding this item, adjusted net income for 2025 totaled $24.9 million, an 18% increase from the prior year.<h4>Net Interest Income and Margin</h4>Net interest income for the fourth quarter of 2025 was $25.0 million, an increase of $2.4 million (41% annualized) from the third quarter of 2025 and $5.8 million (30%) from the fourth quarter of 2024. The net interest margin expanded to 4.13% in the fourth quarter of 2025, up from 3.90% in the third quarter of 2025 and 3.49% in the fourth quarter of 2024. For the full year 2025, net interest income increased by $12.1 million, or 16%, compared to 2024, with the net interest margin expanding from 3.44% to 3.80%.<h4>Operational Metrics</h4><ul><li>Return on Average Assets (ROAA): The return on average assets was 1.12% in the fourth quarter of 2025, compared to -6.35% in the third quarter of 2025 and 1.14% in the fourth quarter of 2024. The adjusted ROAA for Q4 2025 was 1.12%, compared to 1.13% in Q3 2025. For the full year 2025, ROAA was -0.83%, compared to 0.93% in 2024. The adjusted ROAA for the full year 2025 was 1.06%, up from 0.93% in 2024.</li><li>Efficiency Ratio: The efficiency ratio was 51.72% in the fourth quarter of 2025, compared to -35.28% in the third quarter of 2025 and 52.53% in the fourth quarter of 2024. The adjusted efficiency ratio for Q4 2025 was 51.72%, compared to 55.72% in Q3 2025. For the full year 2025, the efficiency ratio was 170.65%, compared to 58.27% in 2024, while the adjusted efficiency ratio improved to 56.56%.</li><li>Provision for Credit Losses: The provision for credit losses was $2.8 million in the fourth quarter of 2025, up from $1.4 million in the third quarter of 2025 and $779 thousand in the fourth quarter of 2024. For the full year 2025, the provision totaled $5.1 million, compared to $4.1 million in 2024.</li><li>Non-interest Income: Non-interest income was $1.8 million in the fourth quarter of 2025, compared to - $60.9 million in the third quarter of 2025 and $1.8 million in the fourth quarter of 2024. The full year non-interest income was - $56.4 million in 2025, primarily due to the - $62.4 million loss on the sale of securities.</li><li>Non-interest Expense: Non-interest expense totaled $13.9 million for the fourth quarter of 2025, an increase from $13.5 million in Q3 2025 and $11.1 million in Q4 2024. For the full year 2025, non-interest expense was $52.8 million, a 12% increase from 2024.</li><li>Total Assets: Total assets reached $2.57 billion as of December 31, 2025, up from $2.36 billion at September 30, 2025, and $2.30 billion at December 31, 2024.</li><li>Loans, Net of Deferred Loan Fees: Period-end loans increased by $189.9 million (38% annualized) from September 30, 2025, and by $283.5 million (15%) from December 31, 2024, reaching $2.15 billion. Average loans for the full year 2025 were $1.92 billion, up from $1.80 billion in 2024.</li><li>Deposits: Period-end deposits increased by $136.9 million (27% annualized) from September 30, 2025, and by $294.7 million (16%) from December 31, 2024, totaling $2.19 billion. Average deposits for the full year 2025 were $2.01 billion, up from $1.80 billion in 2024.</li><li>Non-performing Assets: Non-performing assets to total assets were 0.95% as of December 31, 2025, compared to 0.12% at September 30, 2025, and 0.06% at December 31, 2024. This increase was primarily due to the downgrade of two well-collateralized construction loans and one commercial loan.</li><li>Book Value Per Share: Book value per share was $25.66 at December 31, 2025, an increase of $0.66 from September 30, 2025, and $2.09 from December 31, 2024.</li><li>Total Shareholders’ Equity: Total shareholders’ equity was $281.0 million on December 31, 2025, an increase of $7.9 million compared to September 30, 2025, and $94.6 million from December 31, 2024.</li><li>Employees: The company had 151 full-time equivalent employees on December 31, 2025, unchanged from September 30, 2025, and compared to 148 on December 31, 2024.</li></ul><h4>Unique Metrics</h4>In August 2025, Avidbank Holdings, Inc. completed an initial public offering (IPO) of 3,001,500 shares, generating net proceeds of $61.3 million after deductions. The company repositioned its securities portfolio by selling $274.7 million in available-for-sale securities for a - $62.4 million loss, purchasing $205.4 million in new available-for-sale securities with an average yield of 4.57%, and using proceeds to pay off short-term borrowings.<h4>Outlook / Guidance</h4>Avidbank Holdings, Inc. concluded 2025 with strong fourth-quarter performance and anticipates significant momentum and a clear trajectory for 2026. While non-performing loans increased in the fourth quarter due to two construction credits, management asserts these loans are well-collateralized, and overall asset quality remains solid. The company expresses confidence in its loan portfolio strength and disciplined underwriting practices for the future.

Avidbank | 8-K: FY2025 Q4 Revenue: USD 40.09 M