Every material Form 8-K Avidbank Holdings, Inc. has filed with the SEC since August 03, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Avidbank Holdings reported third-quarter 2026 net income of $10.2 million, or $0.94 per diluted share, up from $7.6 million, or $0.71, in the second quarter and from a net loss of $37.7 million in the third quarter of 2025. Net interest margin fell 19 basis points from the prior quarter to 4.07%, which the company attributed mainly to temporarily higher deposit balances held as cash, and the company said it expects a large temporary client deposit to leave in the fourth quarter.
Q3 2026 net income was $10.2 million, or $0.94 per diluted share, versus $7.6 million, or $0.71, in Q2 2026.
Q3 2025 was a net loss of $37.7 million, or $4.12 per diluted share, which included a loss on the sale of securities.
Net interest margin was 4.07%, down 19 basis points from Q2 2026; non-performing loans rose to 0.70% of total loans from 0.65%.
Book value per share was $27.24 at September 30, 2026, up $0.27 from June 30, 2026.
Avidbank Holdings sold $30 million of 7.00% fixed-to-floating subordinated notes due September 1, 2036, under an agreement dated August 26, 2026, with institutional purchasers. The company plans to use the proceeds to redeem its $22 million of 5.000% subordinated notes due 2029 and for general corporate purposes, and on August 27, 2026 it repurchased $18 million of those 2029 notes and called the remaining $4 million for September 30, 2026.
$30 million of notes sold at 100% of face amount, fixed at 7.00% until September 1, 2031, then resetting quarterly to three-month term SOFR plus 291 basis points
On August 27, 2026, $18 million of the 2029 notes were repurchased for about $18.2 million, including accrued interest; the remaining $4 million is to be redeemed on September 30, 2026
The notes are unsecured, subordinated obligations, are intended to qualify as Tier 2 regulatory capital, and were sold in a private placement with Piper Sandler & Co. as sole placement agent
Avidbank Holdings appointed Jonathan M. Dale as President of the Company and its bank subsidiary, effective August 3, 2026, and he will report to Chairman and CEO Mark D. Mordell, who gives up the President title but keeps his other roles. The filing describes Dale's nearly 30 years in commercial banking, including time at Umpqua Bank through July 2025, and sets out his pay, severance and change-in-control terms.
Effective date: August 3, 2026; Dale reports to Mark D. Mordell, who remains Chairman and CEO
Dale's base salary is $625,000 per year, with bonus eligibility of up to 100% of base salary
Dale receives a restricted stock award with a grant-date fair value of $500,000, subject to Compensation Committee approval
Without-cause severance is 50% of annual base salary; post-change-in-control severance is 2x salary plus target bonus
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Avidbank Holdings, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →