Avidbank Holdings, Inc. Announces Net Income of $3,173,000 for the First Quarter of 2019
AVIDBANK HOLDINGS INC (AVBH)
NASDAQ:AMEX Investor Relations:
avidbank.com
Company Research
Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Avidbank Holdings, Inc. ("the Company") (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank ("the Bank"), an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $3,173,000 for the first quarter of 2019 compared to $2,107,000 for the same period in 2018. First Quarter 2019 Financial Highlights Net interest income was $11,043,000 for the first quarter of 2019, an increase of $2,457,000 over the $8,586,000 we recorded in the first quarter of 2018. The 29% increase over the prior year quarter reflects the impact of our loan growth over the past twelve months. Net income was $3,173,000 for the first quarter of 2019, compared to $2,107,000 for the first quarter of 2018. Results for the first quarter of 2019 reflected a l
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