Avidia Bancorp (AVBC) Investor presentation summary

Company overview and history

• Regional community bank focused on commercial banking, with operations in Eastern Massachusetts and select national offerings.

• Founded in 1869, underwent several mergers and conversions, now listed on NYSE as AVBC.

• As of 3/31/26: $2.8B in assets, $2.3B in loans, $2.1B in deposits, $372MM in tangible equity.

Business model and strategic priorities

• Pursues organic, diversified growth in commercial, owner-occupied CRE, small business, and retail banking.

• Expands niche businesses, notably condo association lending and payments processing.

• Focuses on process, product, and pricing optimization to drive revenue and efficiency.

• Uses IPO proceeds to improve return on tangible common equity.

Financial performance and highlights (Q1 2026)

• Net interest income of $24.0M, up 2% quarter-over-quarter; non-interest income up 15%.

• Net income of $6.0M, up 12%; EPS $0.32, up 10%.

• Return on assets at 0.86%, return on tangible equity at 6.57%.

• Efficiency ratio at 67.2%; revenue growth of 3%.