Avidia Bancorp lifts Q3 EPS to $0.47 and declares $0.06 dividend
Avidia Bancorp reported Q3 2026 net income of $8.6M, or $0.47 per share, according to TradingView, and declared a quarterly dividend of $0.06.
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what happened
According to TradingView, citing the Avidia Bancorp press release, the bank posted net income of $8.6M, or $0.47 per share, in the third quarter of 2026, up from $7.2M, or $0.39 per share, in the second quarter. Quarterly revenue rose 4% from the previous quarter to $31.2M.
The bank declared a quarterly dividend of $0.06 per share, payable on November 30, 2026, to shareholders of record on November 17, 2026. It also authorized a $30M share buyback, which has already started. ACL fell to $23.2M from $23.9M, while the ratio edged down from 1.06% to 1.03%.
why it matters
A small regional bank reporting higher profit and a slightly better credit picture points to improving profitability. For the market, the news mainly matters to shareholders, since the dividend and buyback could support the stock, but the scope is limited to a single issuer.
tags
instruments
sources
- Avidia Bancorp, Inc. (AVBC) Q3 EPS $0.47 vs $0.39; Declares $0.06 Dividend — TradingView, 22 October 2026 at 20:30 UTC
- Avidia Bancorp, Inc. declares $0.06 dividend — Seeking Alpha, 22 October 2026 at 21:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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