Core profitability remains strained by a thin 1.0% net interest margin and a reliance on non-interest income that periodically accounts for 100% of quarterly revenue.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Net Interest Income | 58.13M | 31.63M | 0 | -15.01M | -1.44M | -1.24M | -1.24M | 44.7M | 37.87M | 30.53M | 24.26M | 22.25M | 16.38M | 15.2M | 15.17M | 12.57M | 4.4M | 2.5M | 951.29K | 52.21K |
| NII Growth % | -290.04% | - | 100% | -942.29% | -16.32% | 0.4% | -102.78% | 18.05% | 24.03% | 25.83% | 9.03% | 35.88% | 7.71% | 0.23% | 20.66% | 185.99% | 75.84% | 162.8% | 1721.94% | - |
| Net Interest Margin % | 2.25% | 1.23% | 0% | -0.67% | -0.07% | -0.06% | -0.09% | 3.95% | 4.13% | 3.9% | 3.75% | 3.7% | 3.49% | 3.04% | 3.65% | 3.67% | 3.59% | 3.06% | 1.77% | 0.2% |
| Interest Income | 113.01M | 73.97M | 0 | 0 | 0 | 0 | 0 | 52.01M | 42.58M | 33.35M | 26.25M | 23.37M | 17.17M | 16.37M | 17.01M | 14.85M | 6.51M | 3.27M | 1.19M | 62.18K |
| Interest Expense | 54.88M | 42.34M | 0 | 15.01M | 1.44M | 1.24M | 1.24M | 7.31M | 4.72M | 2.82M | 1.99M | 1.11M | 798K | 1.17M | 1.84M | 2.28M | 2.12M | 770K | 241.04K | 9.97K |
| Loan Loss Provision | 7.5M | 6.05M | 0 | -15.01M | -1.44M | -1.24M | -1.24M | 1.43M | 1.61M | 1.99M | 813K | 3.05M | 39K | 245K | 480K | 435.26K | 457K | 250K | 330.94K | 34.54K |
| Non-Interest Income | -18.83M | 230K | 77.14M | 67.86M | 75.24M | 52.77M | 45.87M | 2.75M | 2.72M | 1.89M | 3.22M | 1.61M | 1.57M | 1.46M | 803.58K | 643.5K | 123K | 126K | 100.24K | 1.4K |
| Non-Interest Income % | -19.99% | 0.31% | 100% | 100% | 100% | 100% | 100% | 5.02% | 6% | 5.35% | 10.92% | 6.45% | 8.37% | 8.21% | 4.51% | 4.15% | 1.85% | 3.71% | 7.76% | 2.2% |
| Total Revenue | 94.18M | 74.2M | 77.14M | 67.86M | 75.24M | 52.77M | 45.87M | 54.76M | 45.3M | 35.24M | 29.47M | 24.98M | 18.74M | 17.84M | 17.81M | 15.49M | 6.63M | 3.4M | 1.29M | 63.58K |
| Revenue Growth % | -20.61% | -3.81% | 13.66% | -9.8% | 42.58% | 15.03% | -16.23% | 20.87% | 28.56% | 19.58% | 17.98% | 33.27% | 5.09% | 0.12% | 14.96% | 133.57% | 95.35% | 162.73% | 1933.08% | - |
| Non-Interest Expense | 54.02M | 51.61M | 43.56M | 40.42M | 33.13M | 29.66M | 27.69M | 28.17M | 23.53M | 19.6M | 15.79M | 14.94M | 13.37M | 12.37M | 10.69M | 9.52M | 4.06M | 2.38M | 720.59K | 19.07K |
| Efficiency Ratio | 57.36% | 69.55% | 56.48% | 59.56% | 44.03% | 56.21% | 60.36% | 51.44% | 51.94% | 55.61% | 53.59% | 59.82% | 71.31% | 69.38% | 60.01% | 61.42% | 61.23% | 69.96% | 55.75% | 30% |
| Operating Income | -22.21M | -25.8M | 33.57M | 27.45M | 42.11M | 23.11M | 18.18M | 17.86M | 15.44M | 10.83M | 10.88M | 5.88M | 4.54M | 4.05M | 4.8M | 3.26M | 0 | 0 | 0 | 0 |
| Operating Margin % | -23.58% | -34.77% | 43.52% | 40.44% | 55.97% | 43.79% | 39.64% | 32.61% | 34.09% | 30.74% | 36.9% | 23.52% | 24.22% | 22.7% | 26.96% | 21.07% | 0% | 0% | 0% | 0% |
| Operating Income Growth % | - | -176.84% | 22.32% | -34.82% | 82.22% | 27.1% | 1.83% | 15.62% | 42.56% | -0.39% | 85.07% | 29.43% | 12.13% | -15.69% | 47.13% | - | - | - | - | - |
| Pretax Income | -22.21M | -26.97M | 29.8M | 23.97M | 34.45M | 17.15M | 12.71M | 17.86M | 15.44M | 10.83M | 10.88M | 5.88M | 4.54M | 4.05M | 4.8M | 3.26M | 0 | 0 | 0 | 0 |
| Pretax Margin % | -23.58% | -36.35% | 38.64% | 35.32% | 45.79% | 32.51% | 27.7% | 32.61% | 34.09% | 30.74% | 36.9% | 23.52% | 24.22% | 22.7% | 26.96% | 21.07% | 0% | 0% | 0% | 0% |
| Income Tax | -49.77M | -50.95M | 8.79M | 7.17M | 9.43M | 4.89M | 3.08M | 5M | 4.32M | 5.18M | 3.61M | 2.19M | 1.8M | 1.54M | 2.06M | -572.4K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 224.1% | 188.91% | 29.49% | 29.91% | 27.36% | 28.51% | 24.24% | 28% | 28% | 47.81% | 33.21% | 37.36% | 39.56% | 38.03% | 42.85% | -17.54% | - | - | - | - |
| Net Income | 27.56M | 23.98M | 21.02M | 16.8M | 25.02M | 12.26M | 9.63M | 12.86M | 11.12M | 5.65M | 7.26M | 3.68M | 2.74M | 2.51M | 2.74M | 3.84M | -227K | -830K | -2.06M | -723.24K |
| Net Margin % | 29.27% | 32.32% | 27.24% | 24.76% | 33.26% | 23.24% | 20.99% | 23.48% | 24.55% | 16.04% | 24.65% | 14.74% | 14.64% | 14.07% | 15.41% | 24.76% | -3.42% | -24.44% | -159.1% | -1137.58% |
| Net Income Growth % | 29.99% | 14.1% | 25.08% | -32.86% | 104.04% | 27.39% | -25.12% | 15.62% | 96.67% | -22.15% | 97.31% | 34.15% | 9.37% | -8.59% | -28.46% | 1790.18% | 72.65% | 59.64% | -184.34% | - |
| Net Income (Continuing) | 27.56M | 23.98M | 21.02M | 16.8M | 25.02M | 12.26M | 9.63M | 12.86M | 11.12M | 5.65M | 7.26M | 3.68M | 2.74M | 2.51M | 2.74M | 3.84M | -227K | -830K | -2.06M | -723.24K |
| EPS (Diluted) | 2.56 | 3.11 | 2.76 | 2.24 | 3.60 | 2.02 | 1.61 | 2.17 | 1.90 | 1.08 | 1.56 | 0.81 | 0.62 | 0.64 | 0.91 | 1.26 | -0.12 | -0.45 | -1.12 | -0.39 |
| EPS Growth % | 7.55% | 12.68% | 23.21% | -37.78% | 78.22% | 25.47% | -25.81% | 14.21% | 75.93% | -30.77% | 92.59% | 30.65% | -3.13% | -29.67% | -27.78% | 1150% | 73.33% | 59.82% | -187.18% | - |
| EPS (Basic) | - | 3.19 | 2.83 | 2.29 | 3.68 | 2.08 | 1.64 | 2.22 | 1.93 | 1.10 | 1.61 | 0.83 | 0.63 | 0.66 | 0.92 | 1.26 | -0.12 | -0.45 | -1.12 | -0.39 |
| Diluted Shares Outstanding | 10.77M | 7.69M | 7.6M | 7.49M | 6.95M | 6.06M | 5.97M | 5.91M | 5.87M | 5.24M | 4.66M | 4.52M | 4.4M | 3.57M | 2.63M | 2.61M | 1.89M | 1.85M | 1.84M | 1.84M |
Geographic and Sectoral Concentration
According to the provided quarterly data, Avidbank's net interest income has exhibited extreme volatility, swinging from a negative $13.7 million in 2025Q3 to a positive $26.5 million by 2026Q1, suggesting significant instability in the bank's core interest-earning capacity and reliance on non-recurring balance sheet adjustments.
The erratic nature of NII suggests that the bank's funding costs may be highly sensitive to the competitive deposit environment in the Silicon Valley region. Investors should monitor whether the recent return to positive NII is sustainable or merely a result of temporary balance sheet rebalancing.
As reported in financial statements, the net interest margin has remained thin, hovering around 1.0% in recent quarters, which indicates that Avidbank is struggling to maintain a profitable spread between its asset yields and the rising cost of deposits required to retain its specialized client base.
The persistent margin compression appears to reflect the bank's difficulty in repricing its loan portfolio fast enough to offset the high deposit betas inherent in its boutique model. This narrow margin profile leaves little room for error in credit underwriting or interest rate risk management.
Based on the reported figures, the efficiency ratio has fluctuated significantly, reaching 34.8% in 2026Q1, which masks underlying operational challenges as the bank attempts to balance high fixed compensation costs in the San Jose market against a fluctuating revenue base that periodically relies on non-interest income.
The lack of a stable efficiency trend suggests that management may be struggling to scale the bank's high-touch service model effectively. The wide variance in this metric warrants further investigation into whether the bank can achieve sustainable operating leverage without compromising its specialized service quality.
Data from recent filings shows that provision expenses have been inconsistent, ranging from negative values in 2024 to a peak of $2.8 million in 2025Q4, which may indicate a reactive approach to credit risk management rather than a proactive, cycle-aligned provisioning strategy for its concentrated loan book.
The inconsistency in provisioning suggests that the bank's credit risk profile is highly sensitive to localized economic shocks in the Bay Area. Analysts should monitor whether these provisions are sufficient to cover potential losses in the bank's office and retail commercial real estate portfolio.
As indicated by the historical data, Avidbank has periodically derived 100% of its revenue from non-interest sources in certain quarters, highlighting a heavy reliance on transactional fee income that may be vulnerable to shifts in venture capital velocity and broader tech sector deal-making activity.
This extreme dependency on fee income suggests that the bank's earnings quality is susceptible to the cyclical nature of the venture ecosystem. Investors should be cautious of the potential for 'lumpy' earnings realizations from equity warrants, which may not represent recurring core profitability.
Quick answers to the most common questions about buying AVBH stock.
Avidbank Holdings, Inc. (AVBH) is profitable, generating $24.0M in net income for the fiscal year ending 2025 with a net profit margin of 32.3%.
Avidbank Holdings, Inc. (AVBH) reported an operating income of $-25.8M, resulting in an operating profit margin of -34.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Avidbank Holdings, Inc. (AVBH) generated $25.8M in gross profit for the year, representing a gross profit margin of 34.8%. This demonstrates the company's core pricing power and production efficiency.