Avidia Bancorp posts $907,000 net loss in Q3 after $10 million charitable contribution

Reuters

Oct 24, 2025

Avidia Bancorp posts $907,000 net loss in Q3 after $10 million charitable contribution

Avidia Bancorp Inc. reported a net loss of $907 thousand for the third quarter of 2025, primarily due to a one-time $10 million contribution to the Avidia Bank Charitable Foundation, Inc., which included 900 thousand shares of common stock valued at $9 million and $1 million in cash. Total assets were $2.8 billion as of September 30, 2025, down $170.9 million, or 5.8%, from June 30, 2025. Gross loans increased by $26.7 million to $2.27 billion, mainly from commercial real estate lending. Deposits decreased by $363.7 million to $2.08 billion, largely reflecting the use of subscription funds related to the company's conversion. The allowance for credit losses was $24.3 million, or 1.07% of total loans, up from $23.4 million, or 1.04% of total loans, at the end of the prior quarter. Book value per share and tangible book value per share were $18.50 and $17.91, respectively, as of September 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidia Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251023247487) on October 23, 2025, and is solely responsible for the information contained therein.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2577539311"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2577539311\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2577539311?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-24 04:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2577539311","market":"fut","top_or_hot":-1,"title":"Avidia Bancorp posts $907,000 net loss in Q3 after $10 million charitable contribution","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Avidia Bancorp posts $907,000 net loss in Q3 after $10 million charitable contribution\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/AVBC\">Avidia Bancorp Inc</a>. reported a net loss of $907 thousand for the third quarter of 2025, primarily due to a one-time $10 million contribution to the Avidia Bank Charitable Foundation, Inc., which included 900 thousand shares of common stock valued at $9 million and $1 million in cash. Total assets were $2.8 billion as of September 30, 2025, down $170.9 million, or 5.8%, from June 30, 2025. Gross loans increased by $26.7 million to $2.27 billion, mainly from commercial real estate lending. Deposits decreased by $363.7 million to $2.08 billion, largely reflecting the use of subscription funds related to the company's conversion. The allowance for credit losses was $24.3 million, or 1.07% of total loans, up from $23.4 million, or 1.04% of total loans, at the end of the prior quarter. Book value per share and tangible book value per share were $18.50 and $17.91, respectively, as of September 30, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidia Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. 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Total assets were $2.8 billion as of September 30, 2025, down $170.9 million, or 5.8%, from June 30, 2025. Gross loans increased by $26.7 million to $2.27 billion, mainly from commercial real estate lending. Deposits decreased by $363.7 million to $2.08 billion, largely reflecting the use of subscription funds related to the company's conversion. The allowance for credit losses was $24.3 million, or 1.07% of total loans, up from $23.4 million, or 1.04% of total loans, at the end of the prior quarter. Book value per share and tangible book value per share were $18.50 and $17.91, respectively, as of September 30, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidia Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251023247487) on October 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVBC","symbol_name":"Avidia Bancorp Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251023:nNDLbhWBJt:1","article_id":"2577539311","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577539311","pubTimestamp":1761251449,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Avidia Bancorp Inc. reported a net loss of $907 thousand for the third quarter of 2025, primarily due to a one-time $10 million contribution to the Avidia Bank Charitable Foundation, Inc., which included 900 thousand shares of common stock valued at $9 million and $1 million in cash. Total assets were $2.8 billion as of September 30, 2025, down $170.9 million, or 5.8%, from June 30, 2025. Gross loans increased by $26.7 million to $2.27 billion, mainly from commercial real estate lending. Deposits decreased by $363.7 million to $2.08 billion, largely reflecting the use of subscription funds related to the company's conversion. The allowance for credit losses was $24.3 million, or 1.07% of total loans, up from $23.4 million, or 1.04% of total loans, at the end of the prior quarter. 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Gross loans increased by $26.7 million to $2.27 billion, mainly from commercial real estate lending. Deposits decreased by $363.7 million to $2.08 billion, largely reflecting the use of subscription funds related to the company's conversion. The allowance for credit losses was $24.3 million, or 1.07% of total loans, up from $23.4 million, or 1.04% of total loans, at the end of the prior quarter. Book value per share and tangible book value per share were $18.50 and $17.91, respectively, as of September 30, 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avidia Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. 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