10-Q · May 13, 2026
Avidbank reported Q1 2026 net income of $9.0 million, or $0.84 per diluted share, demonstrating growth compared to $5.4 million, or $0.71 per diluted share, in the same period last year. Although revenue of…
Earnings analysis · 10-Q
AVBH earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
Avidbank Holdings reported Q2 2026 EPS of $0.76 and revenue of $26.7 million, missing consensus by 8.4% and 6.5%, respectively. EPS declined from $0.84 in Q1 2026, while current-quarter gross margin, operating margin,…
Read full summary
Avidbank Holdings reported Q2 2026 EPS of $0.76 and revenue of $26.7 million, missing consensus by 8.4% and 6.5%, respectively. EPS declined from $0.84 in Q1 2026, while current-quarter gross margin, operating margin, free cash flow, and segment results were not included in the supplied filing text. The most material filing update is a new AI-related risk affecting SaaS borrowers, which comprise approximately 9% of the loan portfolio and could contribute to higher nonperforming loans, charge-offs, or credit-loss provisions.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.76
What stood out
-
EPS declined and missed consensus
Q2 2026 EPS was $0.76, versus the $0.83 consensus estimate, a $0.07 miss or 8.4%. EPS also declined from $0.84 in Q1 2026 based on the provided quarterly history.
-
Revenue missed by 6.5%
Q2 2026 revenue was $26.7 million, $1.86 million below the $28.56 million consensus estimate, representing a 6.5% miss. Revenue was also below the $27.97 million reported for Q1 2026 in the prior analysis.
-
SaaS exposure is quantified
SaaS borrowers represented approximately 9% of the total loan portfolio, giving the bank a defined but material exposure to technology disruption and borrower credit deterioration.
-
Capital return remained limited
The company did not repurchase any shares under its publicly announced program during Q2 2026; the program had 257,433 shares remaining available at quarter-end.
What to watch
-
New AI-related SaaS credit risk
The 10-Q added a specific risk concerning AI-driven disruption to SaaS borrowers, which represent approximately 9% of the total loan portfolio. Management states that disruption could increase nonperforming loans, charge-offs, or provisions for credit losses.
-
Quarterly earnings miss
Q2 2026 EPS of $0.76 was 8.4% below the $0.83 estimate, while revenue of $26.7 million was 6.5% below the $28.56 million estimate, indicating near-term earnings and revenue execution pressure.
-
Technology disruption may impair repayment
The filing states that SaaS borrowers may face pricing compression, higher customer churn, increased research and development costs, and reduced demand as AI lowers barriers to entry and enables product substitution; the affected portfolio exposure is approximately 9%.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text. Numeric guidance may have been deferred to the earnings release or conference call.
Earlier filings 4
10-K · March 18, 2026
Avidbank completed an IPO in August 2025 and used proceeds to strengthen capital and reposition its available-for-sale (AFS) securities portfolio, receiving $274.7M in proceeds from securities sold and purchasing…
10-Q · November 12, 2025
AvidBank reported a large Q3 2025 net loss of $37,735,000 (diluted loss per share $4.12) driven by a $62,391,000 loss on sale of investment securities; net interest income improved to $22,650,000 (up from $18,613,000…
10-Q · September 18, 2025
AvidBank reported Q2 2025 net income of $5,797,000 (diluted EPS $0.75) versus $3,466,000 (diluted EPS $0.46) in Q2 2024, driven by higher net interest income and a lower provision for credit losses. Total quarter…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.