Avidia Bancorp, Inc. Reports Third Quarter 2026 Financial Results, Declares Quarterly Cash Dividend

HUDSON, Mass.--(BUSINESS WIRE)-- Avidia Bancorp, Inc. (the “Company”) (NYSE: “AVBC”), the holding company of Avidia Bank, today reported third quarter 2026 net income of $8.6 million, or $0.47 per share, compared to second quarter 2026 net income of $7.2 million, or $0.39 per share. The Company also announced today the declaration of a quarterly cash dividend of $0.06 per share on its outstanding shares of common stock, payable on or about November 30, 2026, to stockholders of record as of the close of business on November 17, 2026. CEO Robert Cozzone stated “Quarterly earnings growth benefited from higher loan yields and a lower loan loss provision. Our focus on pricing and operational discipline is resulting in continued improvements in operating leverage and balance sheet structure. During the quarter, we announced a $30 million stock repurchase authorization and commenced repurchases, further supporting stockholder returns.” THIRD QUARTER 2026 FINANCIAL HIGHLIGHTS (comparisons are to prior quarter) Net interest margin increased by 22 basis points to 3.86%, which included an 11 basis point benefit from a large loan prepayment penalty received. Return on assets increased by 20 basis points to 1.24%. Return on equity increased by 136 basis points to 8.79%. Efficiency ratio improved to 62.2% from 65.3%. Share repurchases of $23.8 million were completed as of September 30, equal to 6.1% of the previous quarter’s stockholders’ equity. BALANCE SHEET Total assets were $2.78 billion at September 30, 2026, which was comparable to June 30, 2026. Short-term investments decreased by $9.0 million to $42.3 million as excess cash was used to pay down wholesale borrowings and for the share repurchases. Total investment securities decreased by $1.7 million from June 30, to $325.9 million. Total loans were $2.26 billion, which was comparable to June 30. Residential mortgages increased by $30.1 million due primarily to the $21.3 million purchase of in-market, adjustable-rate mortgage loans from a local correspondent bank. Commercial & industrial loans decreased $31.2 million due primarily to the impact of loan prepayments, including a $23.0 million solar loan that had three years remaining to maturity. Quarter-end loan exposure related to non-medical office space was $90.6 million, or 4% of gross loans. When excluding owner-occupied, total non-medical office exposure was $72.6 million. Deposits grew by $53.0 million, or 2.5% for the quarter, to $2.21 billion. Brokered certificates of deposit in the amount of $22.9 million were purchased. Money market accounts increased by $19.7 million due to solid growth from business customers. Certificates of deposit increased by $12.1 million. Lower cost transaction accounts (demand and NOW) were 50% of period-end total deposits. Federal Home Loan Bank advances decreased by $50.0 million to $110.0 million. Total stockholders’ equity decreased by $23.0 million, or 5.9%, to $366.6 million. Stockholders’ equity to total assets was 13.2% at quarter-end. Tangible stockholders' equity to tangible assets (non-GAAP) was 12.8%. The Company recorded $23.8 million for the repurchase of 1,079,051 shares (5.4% of outstanding shares). Accumulated other comprehensive loss increased by $6.8 million because higher market interest rates reduced the value of the available for sale investment portfolio. Pursuant to an equity compensation plan approved by stockholders in the third quarter, five-year vesting director equity compensation grants were awarded consisting of 240,912 shares of restricted stock valued at $22.29 per share and 602,280 stock options valued at $7.78 per option. On October 13, 2026, management equity grants with 5- or 6-year vesting were awarded consisting of 489,500 shares of restricted stock valued at $21.95 per share and 1,187,000 stock options with an average value of $7.65 per option. These values are not included in the consolidated financial statements as of September 30, 2026. REVENUE Total net revenue increased to $31.2 million in the third quarter of 2026, an increase of $1.3 million, or 4%, compared to the prior quarter. Third quarter 2026 net interest income increased $1.5 million due to higher interest rates across most loan categories. The net interest margin improved by 22 basis points to 3.86%, which included a large $692 thousand loan prepayment penalty received from the prepayment of the large solar loan mentioned above. The net interest margin excluding the prepayment penalty is 3.75%, up 11 basis points from the second quarter. Average earning assets totaled $2.6 billion, which remained steady from the prior quarter. The yield on earning assets increased 21 basis points to 5.26%. The 5.55% loan yield included the $692 thousand in prepayment penalties, which contributed 12 basis points to the loan yield. The cost of interest-bearing liabilities decreased 1 basis point to 1.88%, as the benefit from lower cost borrowings was partially offset by a 3 basis point increase in the cost of deposits to 1.35%. Non-interest income decreased by $250 thousand, primarily because payments processing income declined from the prior quarter, when it was elevated by contract termination fees. Mortgage banking income increased $149 thousand, or 51.9%, primarily driven by a higher quarterly MSR valuation. NON-INTEREST EXPENSE Total non-interest expense decreased $121 thousand, or 1%, to $19.4 million in the third quarter of 2026. Salaries and benefits increased $235 thousand, or 2%, including $77 thousand from the expense related to the new stock grants issued. Modest decreases were recorded across many of the other expense categories. INCOME TAXES Income tax expense increased $660 thousand to $3.0 million in the third quarter of 2026 compared to the prior quarter. The effective income tax rate was 25.6% for the third quarter and 25.5% year-to-date. ASSET QUALITY The period-end allowance for credit losses was $23.2 million in the third quarter of 2026 compared to $23.9 million at the prior quarter-end. The ratio of the allowance to total loans decreased to 1.03% from 1.06% for these dates. Provision expense for credit losses decreased $681 thousand to $211 thousand in the third quarter of 2026. The Company recorded net loan charge-offs of $755 thousand in the third quarter of 2026, measuring 0.13% of average loans on an annualized basis. Nonaccruing loans were $17.8 million, or 0.79% of total loans, at period-end, compared to $16.9 million, or 0.75% of total loans, at the prior quarter-end. ABOUT AVIDIA BANCORP, INC. Avidia Bancorp, Inc. is the bank holding company of Avidia Bank. Avidia Bank is a Massachusetts-chartered stock savings bank. With headquarters in Hudson, Massachusetts, it also operates nine full-service banking offices in western Middlesex County and eastern Worcester County, in Massachusetts. For more information, please visit https://www.AvidiaBank.com. NON-GAAP FINANCIAL MEASURES This document contains certain non-GAAP financial measures in addition to results presented in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company’s GAAP financial information. A reconciliation of non-GAAP financial measures to GAAP measures is provided at the end of this document. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP operating earnings can be of substantial importance to the Company’s results for any particular quarter or year. The Company’s non-GAAP operating earnings information set forth is not necessarily comparable to non-GAAP information which may be presented by other companies. Each non-GAAP measure used by the Company in this document as supplemental financial data should be considered in conjunction with the Company’s GAAP financial information. The Company adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community. FORWARD-LOOKING STATEMENTS Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other similar expressions which do not relate to historical matters. Although we believe that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance. You should not place undue reliance on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond our control. Our actual results could differ materially from those presented in the forward-looking statements as a result of, among other factors, changes in general business and economic conditions nationwide and in our local markets, including changes which adversely affect borrowers' ability to service and repay loans; changes in customer behavior due to political, business and economic conditions, including inflation; conditions in the capital and debt markets; reductions in net interest income resulting from interest rate volatility and changes in the balances and mix of our loans and deposits; changes in market interest rates and real estate values; decreases in the value of securities and other assets or in deposit levels necessitating increased borrowing to fund loans and investments; competition from other financial institutions; changes in legislation or regulation and accounting principles, policies and guidelines; cybersecurity incidents; fraud; natural disasters; the risk that we may be unsuccessful in implementing our business strategy; and the other risks and uncertainties disclosed in Avidia Bancorp, Inc.’s Form 10-K, and updated by our Quarterly Report on Form 10-Q, and other filings submitted to the U.S. Securities and Exchange Commission. Forward looking statements speak only as of the date of this release, and we do not undertake any obligation to update or revise any of them to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events, except as may be required by applicable law or regulation. Avidia Bancorp, Inc. Selected Consolidated Financial Highlights (Unaudited) At or for the Quarters Ended (Dollars in thousands, except per share data) September 30, 2026 June 30, 2026 September 30, 2025 Earnings Data: Net interest income $ 25,503 $ 23,964 $ 23,432 Total non-interest income 5,652 5,902 4,526 Total net revenue 31,155 29,866 27,958 Total non-interest expense 19,380 19,501 28,369 Provision for credit losses 211 892 1,540 Income (loss) before income tax expense 11,564 9,473 (1,951) Net income (loss) 8,601 7,170 (907) Per-Share Data: Earnings (loss) per share, basic $ 0.47 $ 0.39 $ (0.05) Earnings (loss) per share, diluted 0.47 0.39 (0.05) Book value per share 19.05 19.40 18.53 Tangible book value per share (non-GAAP) (1) 18.43 18.81 17.94 Performance Ratios: Return on average assets (annualized) 1.24 % 1.04 % -0.13 % Return on average equity (annualized) 8.79 7.43 -1.14 Return on average tangible common equity (non-GAAP) (1) 9.06 7.76 -1.18 Net interest margin (2) 3.86 3.64 3.43 Interest rate spread (3) 3.38 3.16 2.91 Yield on loans 5.55 5.32 5.21 Cost of deposits 1.35 1.32 1.32 Cost of funds 1.88 1.89 2.06 Non-interest income as a percentage of average assets 0.81 0.86 0.64 Non-interest expense as a percentage of average assets 2.79 2.83 4.02 Efficiency ratio (4) 62.21 65.29 101.47 Total loans as a percentage of total deposits 102.45 104.97 109.39 Average interest-earning assets as a percentage of average interest-bearing liabilities 133.94 134.37 134.52 Balance Sheet, (end of period): Total assets $ 2,775,550 $ 2,780,104 $ 2,787,010 Total earning assets 2,636,812 2,647,488 2,669,662 Total loans 2,260,822 2,260,543 2,274,747 Total deposits 2,206,649 2,153,608 2,079,578 Total stockholders' equity 366,573 389,536 372,037 Asset Quality: Allowance for credit losses $ 23,190 $ 23,926 $ 24,284 Allowance for credit losses as a percentage of total loans 1.03 % 1.06 % 1.07 % Allowance for credit losses as a percentage of nonperforming loans 130.64 141.46 137.79 Nonaccrual loans as a percentage of total loans 0.79 0.75 0.77 Net loan (charge-offs) recoveries as a percentage of average loans (annualized) (0.13) 0.07 (0.11) Total nonperforming assets as a percentage of total assets 0.64 0.61 0.63 Capital Ratios: Total stockholders' equity as a percentage of total assets 13.21 % 14.01 % 13.35 % Tangible stockholders' equity as a percentage of tangible assets (non-GAAP) (1) 12.83 13.64 12.95 Total capital as a percentage of risk-weighted assets (5) 19.69 20.20 19.89 Common equity tier 1 capital as a percentage of risk-weighted assets (5) 17.28 17.79 17.42 Tier 1 capital as a percentage of average assets (5) 13.73 14.19 13.11 (1) Reconciliation of non-GAAP financial measures appears on page 12. (2) Represents net interest income as a percentage of average interest-earning assets. (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities. (4) Represents non-interest expenses divided by the sum of net interest income and non-interest income. (5) Presented as projected for September 30, 2026 and actual for the remaining dates. Avidia Bancorp, Inc. Consolidated Balance Sheets (Unaudited) As of September 30, 2026 Change From (Dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 June 30, 2026 September 30, 2025 Assets Cash and due from banks $ 18,000 $ 19,171 $ 15,484 $ (1,171 ) (6.1 ) % $ 2,516 16.2 % Short-term investments 42,300 51,303 96,384 (9,003 ) (17.5 ) (54,084 ) (56.1 ) Total cash and cash equivalents 60,300 70,474 111,868 (10,174 ) (14.4 ) (51,568 ) (46.1 ) Securities available for sale, at fair value 313,409 315,091 269,308 (1,682 ) (0.5 ) 44,101 16.4 Securities held to maturity, at amortized cost 12,500 12,500 15,747 - 0.0 (3,247 ) (20.6 ) Total securities 325,909 327,591 285,055 (1,682 ) (0.5 ) 40,854 14.3 Federal Home Loan Bank stock, at cost 7,001 8,051 11,731 (1,050 ) (13.0 ) (4,730 ) (40.3 ) Loans held for sale 780 - 1,745 780 - (965 ) (55.3 ) Total loans 2,260,822 2,260,543 2,274,747 279 0.0 (13,925 ) (0.6 ) Less: Allowance for credit losses (23,190 ) (23,926 ) (24,284 ) 736 (3.1 ) 1,094 (4.5 ) Net loans 2,237,632 2,236,617 2,250,463 1,015 0.0 (12,831 ) (0.6 ) Premises and equipment, net 28,951 29,153 29,270 (202 ) (0.7 ) (319 ) (1.1 ) Bank-owned life insurance 47,722 47,309 36,375 413 0.9 11,347 31.2 Accrued interest receivable 8,588 8,700 8,141 (112 ) (1.3 ) 447 5.5 Net deferred tax asset 14,942 12,842 10,832 2,100 16.4 4,110 37.9 Goodwill 11,936 11,936 11,936 - - - - Mortgage servicing rights 3,423 3,168 3,149 255 8.0 274 8.7 Other assets 28,366 24,263 26,445 4,103 16.9 1,921 7.3 Total assets $ 2,775,550 $ 2,780,104 $ 2,787,010 $ (4,554 ) (0.2 ) % $ (11,460 ) (0.4 ) % Liabilities Deposits $ 2,206,649 $ 2,153,608 $ 2,079,578 $ 53,041 2.5 % $ 127,071 6.1 % Federal Home Loan Bank advances 110,000 160,000 260,000 (50,000 ) (31.3 ) (150,000 ) (57.7 ) Subordinated debt 27,914 27,877 27,778 37 0.1 136 0.5 Accrued expenses and other liabilities 64,414 49,083 47,617 15,331 31.2 16,797 35.3 Total liabilities $ 2,408,977 $ 2,390,568 $ 2,414,973 $ 18,409 0.8 % $ (5,996 ) (0.2 ) % Stockholders' equity: Common Stock $ 192 $ 201 $ 201 $ (9 ) (4.5 ) % $ (9 ) (4.5 ) % Additional paid-in capital 171,507 195,228 195,029 (23,721 ) (12.2 ) (23,522 ) (12.1 ) Unallocated ESOP common stock (14,656 ) (14,857 ) (15,459 ) 201 (1.4 ) 803 (5.2 ) Retained earnings 230,546 223,138 206,648 7,408 3.3 23,898 11.6 Accumulated other comprehensive loss (21,016 ) (14,174 ) (14,382 ) (6,842 ) 48.3 (6,634 ) 46.1 Total stockholders' equity $ 366,573 $ 389,536 $ 372,037 $ (22,963 ) (5.9 ) % $ (5,464 ) (1.5 ) % Total liabilities and stockholders' equity $ 2,775,550 $ 2,780,104 $ 2,787,010 $ (4,554 ) (0.2 ) % $ (11,460 ) (0.4 ) % Avidia Bancorp, Inc. Consolidated Loan and Deposit Analysis (Unaudited) Loan Analysis As of September 30, 2026 Change From (Dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 June 30, 2026 September 30, 2025 Real estate loans One to four family residential $ 548,079 $ 517,975 $ 521,606 $ 30,104 5.8 % $ 26,473 5.1 % Home equity and second mortgages 84,313 82,886 76,027 1,427 1.7 8,286 10.9 Commercial real estate 536,312 540,209 526,345 (3,897 ) (0.7 ) 9,967 1.9 Commercial real estate multifamily 106,403 103,477 98,647 2,926 2.8 7,756 7.9 Construction & land 49,440 45,928 51,311 3,512 7.6 (1,871 ) (3.6 ) Total real estate loans 1,324,547 1,290,475 1,273,936 34,072 2.6 50,611 4.0 Commercial loans Condominium associations 491,868 494,331 498,164 (2,463 ) (0.5 ) (6,296 ) (1.3 ) Commercial & industrial 438,274 469,491 495,263 (31,217 ) (6.6 ) (56,989 ) (11.5 ) PPP loans — — 40 — — (40 ) (100.0 ) Total commercial loans 930,142 963,822 993,467 (33,680 ) (3.5 ) (63,325 ) (6.4 ) Consumer loans Consumer 2,909 3,082 4,274 (173 ) (5.6 ) (1,365 ) (31.9 ) Total consumer loans 2,909 3,082 4,274 (173 ) (5.6 ) (1,365 ) (31.9 ) Total loans 2,257,598 2,257,379 2,271,677 219 0.0 (14,079 ) (0.6 ) Allowance for credit losses (23,190 ) (23,926 ) (24,284 ) 736 (3.1 ) 1,094 (4.5 ) Net deferred loan costs 3,224 3,164 3,070 60 1.9 154 5.0 Loans, net $ 2,237,632 $ 2,236,617 $ 2,250,463 $ 1,015 0.0 $ (12,831 ) (0.6 ) % Deposit Analysis As of September 30, 2026 Change From (Dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 June 30, 2026 September 30, 2025 Non-interest-bearing demand $ 368,961 $ 369,282 $ 342,867 $ (321 ) (0.1 ) % $ 26,094 7.6 % NOW 743,042 753,470 708,096 (10,428 ) (1.4 ) 34,946 4.9 Money market 299,215 279,529 278,095 19,686 7.0 21,120 7.6 Savings 441,451 432,310 417,010 9,142 2.1 24,441 5.9 Certificates of deposit 331,084 319,017 321,510 12,066 3.8 9,574 3.0 Brokered certificates of deposit 22,896 — 12,000 22,896 - 10,896 90.8 Total deposits $ 2,206,649 $ 2,153,608 $ 2,079,578 $ 53,041 2.5 % $ 127,071 6.1 % Avidia Bancorp, Inc. Consolidated Statements of Operations QTD (Unaudited) Three Months Ended September 30, 2026 Change Three Months Ended From Three Months Ended (Dollars in thousands, except per share data) September 30, 2026 June 30, 2026 September 30, 2025 June 30, 2026 September 30, 2025 Interest and dividend income Loans, including fees $ 31,585 $ 29,961 $ 29,727 $ 1,624 5.4 % $ 1,858 6.3 % Securities 3,016 2,877 2,567 139 4.8 449 17.5 Other 164 400 1,588 (236 ) (59.0 ) (1,424 ) (89.7 ) Total interest and dividend income 34,765 33,238 33,882 1,527 4.6 883 2.6 Interest expense Deposits 7,313 6,992 7,268 321 4.6 45 0.6 Federal Home Loan Bank advances 1,594 1,930 2,827 (336 ) (17.4 ) (1,233 ) (43.6 ) Subordinated debt 355 352 355 3 0.9 - 0.0 Total interest expense 9,262 9,274 10,450 (12 ) (0.1 ) (1,188 ) (11.4 ) Net interest income 25,503 23,964 23,432 1,539 6.4 2,071 8.8 Provision expense for credit losses - loans 19 745 1,480 (726 ) (97.4 ) (1,461 ) (98.7 ) Provision expense for credit losses - off-balance sheet credit exposures 192 147 60 45 30.6 132 220.0 Total provision expense for credit losses 211 892 1,540 (681 ) (76.3 ) (1,329 ) (86.3 ) Net interest income, after provision expense for credit losses 25,292 23,072 21,892 2,220 9.6 3,400 15.5 Non-interest income: Customer service fees 1,449 1,338 912 111 8.3 537 58.9 Payments processing income 2,152 2,592 1,857 (440 ) (17.0 ) 295 15.9 Income on bank-owned life insurance 411 379 279 32 8.4 132 47.3 Mortgage banking income 436 287 121 149 51.9 315 260.3 Investment commissions 423 359 358 64 17.8 65 18.2 Other 781 947 999 (166 ) (17.5 ) (218 ) (21.8 ) Total non-interest income 5,652 5,902 4,526 (250 ) (4.2 ) 1,126 24.9 Non-interest expense: Salaries and employee benefits 10,198 9,963 9,773 235 2.4 425 4.3 Occupancy and equipment 1,533 1,440 1,933 93 6.5 (400 ) (20.7 ) Data processing 3,045 3,042 2,251 3 0.1 794 35.3 Professional fees 1,373 1,516 790 (143 ) (9.4 ) 583 73.8 Payments processing 567 452 526 115 25.4 41 7.8 Deposit insurance 333 302 651 31 10.3 (318 ) (48.8 ) Marketing and promotions 308 424 423 (116 ) (27.4 ) (115 ) (27.2 ) Telecommunications 73 75 81 (2 ) (2.7 ) (8 ) (9.9 ) Problem loan and foreclosed real estate, net 59 179 179 (120 ) (67.0 ) (120 ) (67.0 ) Other general and administrative 1,891 2,108 11,762 (217 ) (10.3 ) (9,871 ) (83.9 ) Total non-interest expense 19,380 19,501 28,369 (121 ) (0.6 ) (8,989 ) (31.7 ) Income (loss) before income tax expense 11,564 9,473 (1,951 ) 2,091 22.1 13,515 692.7 Income tax expense (benefit) 2,963 2,303 (1,044 ) 660 28.7 4,007 383.8 Net income (loss) $ 8,601 $ 7,170 $ (907 ) $ 1,431 20.0 % $ 9,508 1048.3 % Share data: Weighted average common shares outstanding, basic 18,247 18,577 18,520 (330 ) (1.8 ) % (274 ) (1.5 ) % Weighted average common shares outstanding, diluted 18,247 18,577 18,520 (330 ) (1.8 ) (274 ) (1.5 ) Earnings (loss) per share, basic $ 0.47 $ 0.39 $ (0.05 ) $ 0.08 20.5 $ 0.52 1059.7 Earnings (loss) per share, diluted $ 0.47 $ 0.39 $ (0.05 ) $ 0.08 20.5 $ 0.52 1059.7 Avidia Bancorp, Inc. Consolidated Statements of Operations YTD (Unaudited) Nine Months Ended Nine Months Ended Sep. 30, 2026 Change (Dollars in thousands, except per share data) Sep. 30, 2026 Sep. 30, 2025 From Nine Months Ended Sep. 30, 2025 Interest and dividend income: Loans, including fees $ 91,860 $ 86,791 $ 5,069 5.8 % Securities 8,437 7,774 663 8.5 Other 1,306 2,224 (918 ) (41.3 ) Total interest and dividend income 101,603 96,789 4,814 5.0 Interest expense: Deposits 21,189 22,241 (1,052 ) (4.7 ) Federal Home Loan Bank advances 5,905 10,267 (4,362 ) (42.5 ) Subordinated debt 1,059 1,021 38 3.7 Total interest expense 28,153 33,529 (5,376 ) (16.0 ) Net interest income: 73,450 63,260 10,190 16.1 Provision expense for credit losses - loans 1,623 20,308 (18,685 ) (92.0 ) Provision expense (reversal) for credit losses - off-balance sheet credit exposures 569 (82 ) 651 793.9 Total provision expense for credit losses 2,192 20,226 (18,034 ) (89 ) Net interest income, after provision expense for credit losses 71,258 43,034 28,224 65.6 Non-interest income: Customer service fees 3,705 2,697 1,008 37.4 Net (loss) on sale of securities available for sale - (619 ) 619 100.0 Payments processing income 6,653 6,129 524 8.5 Income on bank-owned life insurance 1,059 847 212 25.0 Mortgage banking income 987 299 688 230.1 Investment commissions 1,138 1,020 118 11.6 Other 2,298 3,129 (831 ) (26.6 ) Total non-interest income 15,840 13,502 2,338 17.3 Non-interest expense: Salaries and employee benefits 30,361 30,247 114 0.4 Occupancy and equipment 4,801 5,994 (1,193 ) (19.9 ) Data processing 8,977 8,623 354 4.1 Professional fees 3,997 2,539 1,458 57.4 Payments processing 1,386 2,500 (1,114 ) (44.6 ) Deposit insurance 978 2,064 (1,086 ) (52.6 ) Advertising 938 998 (60 ) (6.0 ) Telecommunications 248 270 (22 ) (8.1 ) Problem loan and foreclosed real estate, net 436 485 (49 ) (10.1 ) Other general and administrative 5,753 16,246 (10,493 ) (64.6 ) Total non-interest expense 57,875 69,966 (12,091 ) (17.3 ) Income (loss) before income tax expense 29,223 (13,430 ) 42,653 317.6 Income tax expense (benefit) 7,458 (4,808 ) 12,266 255.1 Net income (loss) $ 21,765 $ (8,622 ) $ 30,387 352.4 % Share data: Weighted average common shares outstanding, basic 18,463 18,520 (58 ) (0.3 ) % Weighted average common shares outstanding, diluted 18,463 18,520 (58 ) (0.3 ) Earnings (loss) per share, basic $ 1.18 $ (0.47 ) $ 1.64 353.2 Earnings (loss) per share, diluted $ 1.18 $ (0.47 ) $ 1.64 353.2 Avidia Bancorp, Inc. Average Balances and Average Yields And Costs (Unaudited) For the Quarters Ended September 30, 2026 June 30, 2026 September 30, 2025 (Dollars in thousands) Average Outstanding Balance Interest Average Yield/Rate Average Outstanding Balance Interest Average Yield/Rate Average Outstanding Balance Interest Average Yield/Rate Interest-earning assets: Short-term investments $ 33,751 $ 164 1.93 % $ 56,531 $ 400 2.84 % $ 150,428 $ 1,588 4.19 % Securities 332,915 3,016 3.59 323,536 2,877 3.57 292,031 2,567 3.49 Loans (1) 2,257,327 31,585 5.55 2,258,865 29,961 5.32 2,264,095 29,727 5.21 Total interest-earning assets 2,623,993 34,765 5.26 2,638,932 33,238 5.05 2,706,554 33,882 4.97 Non-interest-earning assets 128,317 125,864 116,574 Total assets $ 2,752,310 $ 2,764,796 $ 2,823,128 Interest-bearing liabilities: NOW accounts $ 732,338 $ 1,121 0.61 % $ 736,036 $ 1,042 0.57 % $ 704,708 $ 833 0.47 % Money market accounts 293,575 1,016 1.37 270,030 860 1.28 274,203 918 1.33 Regular and other savings accounts 432,521 2,314 2.12 432,822 2,280 2.11 411,941 2,407 2.32 Certificates of deposit 325,804 2,859 3.48 320,871 2,810 3.51 322,638 2,958 3.64 Brokered certificates of deposits 249 3 4.78 - - 0.00 12,000 152 5.03 Total interest-bearing deposits 1,784,487 7,313 1.63 1,759,759 6,992 1.59 1,725,490 7,268 1.67 FHLB advances and other borrowings (2) 146,646 1,594 4.31 176,351 1,930 4.39 258,782 2,827 4.33 Subordinated debt 27,890 355 5.05 27,857 352 5.07 27,753 355 5.07 Total interest-bearing liabilities 1,959,023 9,262 1.88 1,963,967 9,274 1.89 2,012,025 10,450 2.06 Non-interest-bearing demand deposits 359,349 372,187 458,900 Other non-interest-bearing liabilities 45,555 41,761 34,777 Total liabilities 2,363,927 2,377,915 2,505,702 Total stockholders' equity 388,383 386,881 317,426 Total liabilities and capital $ 2,752,310 $ 2,764,796 $ 2,823,128 Net interest income $ 25,503 $ 23,964 $ 23,432 Net interest rate spread (3) 3.38 % 3.16 % 2.91 % Net interest-earning assets (4) $ 664,970 $ 674,965 $ 694,529 Total deposits 2,143,836 2,131,946 2,184,390 Net interest margin (5) 3.86 % 3.64 % 3.43 % Cost of deposits 1.35 % 1.32 % 1.32 % Cost of funds 1.88 % 1.89 % 2.06 % Average interest-earning assets to interest-bearing liabilities 133.94 % 134.37 % 134.52 % (1) Nonaccrual loans are included in average balance only. Loan balance include loans held for sale. (2) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. (3) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities. (4) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (5) Net interest margin represents net interest income divided by average total interest-earning assets. Avidia Bancorp, Inc. Asset Quality Data (Unaudited) At or for the Quarters Ended (Dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 Nonperforming Assets Nonaccrual loans: Residential $ 701 $ 320 $ 387 Commercial real estate 4,935 5,952 - Construction - - 8,930 Commercial 12,115 10,642 8,307 Total nonaccrual loans $ 17,751 $ 16,914 $ 17,624 Other real estate owned - - - Total nonperforming assets $ 17,751 $ 16,914 $ 17,624 Total nonaccrual loans to total loans 0.79 % 0.75 % 0.77 % Total nonperforming assets to total loans 0.79 0.75 0.77 Allowance for Credit Losses Allowance for credit losses, beginning of period $ 23,926 $ 22,761 $ 23,425 Charged-off loans (1,213 ) (75 ) (844 ) Recoveries on charged-off loans 458 495 223 Net loan (charge-offs) recoveries (755 ) 420 (621 ) Provision expense for credit losses 19 745 1,480 Allowance for credit losses, end of period $ 23,190 $ 23,926 $ 24,284 Allowance for credit losses to total loans 1.03 % 1.06 % 1.07 % Allowance for credit losses to nonaccrual loans 130.64 141.46 137.79 Allowance for credit losses to nonperforming loans 130.64 141.46 137.79 Net loan recoveries (charge-offs) Residential $ 1 $ 1 $ 2 Commercial real estate (960 ) - 135 Construction 270 479 - Commercial (71 ) (67 ) (766 ) Consumer 5 7 8 Total net loan (charge-offs) recoveries $ (755 ) $ 420 $ (621 ) Net loan (charge-offs) recoveries to average loans (annualized) (0.13 ) % 0.07 % (0.11 ) % Avidia Bancorp, Inc. Non-GAAP Reconciliation (Unaudited) As of (Dollars in thousands, except per share data) September 30, 2026 June 30, 2026 September 30, 2025 Tangible stockholders' equity: Total stockholders' equity (GAAP) $ 366,573 $ 389,536 $ 372,037 Less: Goodwill 11,936 11,936 11,936 Tangible stockholders' equity (non-GAAP) $ 354,637 $ 377,600 $ 360,101 Tangible assets: Total assets (GAAP) $ 2,775,550 $ 2,780,104 $ 2,787,010 Less: Goodwill 11,936 11,936 11,936 Tangible assets (non-GAAP) $ 2,763,614 $ 2,768,168 $ 2,775,074 Average tangible stockholders' equity: Average total stockholders' equity (GAAP) $ 388,383 $ 386,881 $ 317,426 Less: Average goodwill 11,936 11,936 11,936 Average tangible stockholders' equity (non-GAAP) $ 376,447 $ 374,945 $ 305,490 Stockholders' equity to assets (GAAP) 13.21 % 14.01 % 13.35 % Tangible stockholders' equity to tangible assets (non-GAAP) 12.83 % 13.64 % 12.95 % Return on average equity (GAAP) 8.79 % 7.43 % (1.14 ) % Return on average tangible common equity (non-GAAP) 9.06 % 7.76 % (1.18 ) % Common shares outstanding, including unallocated ESOP shares 19,238 20,076 20,076 Book value per common share (GAAP) $ 19.05 $ 19.40 $ 18.53 Tangible book value per common share (non-GAAP) $ 18.43 $ 18.81 $ 17.94 Robert D. Cozzone President and Chief Executive Officer Avidia Bancorp, Inc. (800) 508-2265 Source: Avidia Bancorp, Inc.