Avidia Bancorp

Q2 FY2026 EarningsQ2 FY26 beat consensus on bottom-line metrics, with diluted EPS of $0.39 vs. $0.34 expected and net income of $7.17M vs. $6.37M forecast. Net Interest Margin (NIM) was perfectly in-line at 3.64%, representing a substantial 45bps YoY expansion driven by the pay-down of high-cost FHLB advances. The earnings beat was further supported by a lower-than-anticipated effective tax rate of 24.3% and a $230K one-time termination fee in payments processing. Management signaled high confidence by authorizing a new $30M stock buyback program and raising the quarterly dividend by 20% to $0.06.