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0.0112963959117806 0.0112963959117806 0.0311995696611082 0.0311995696611082 0.0311995696611082 0.0311995696611082 0.0311995696611082 0.0311995696611082
Stock impact report

Avidbank Holdings, Inc. Announces Net Income for the First Quarter of 2024 [Yahoo! Finance]

AVIDBANK HOLDINGS INC (AVBH) 
NASDAQ:AMEX Investor Relations: avidbank.com
Company Research Source: Yahoo! Finance
million, or $0.69 per diluted share, compared to $303,000, or $0.04 per diluted share, for the fourth quarter of 2023 and $6.4 million, or $0.85 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights Period end deposits increased $103.5 million, or 25% annualized, from December 31, 2023, and $139.8 million, or 9%, from March 31, 2023. Taxable equivalent net interest margin was 3.54% in the first quarter of 2024, compared to 3.49% in the fourth quarter of 2023. Loans increased $42.4 million, or 10% annualized, from December 31, 2023, and $218.5 million, or 14%, from March 31, 2023. Annualized net charge-offs to average loans totaled 0.0% for the first quarter of 2024 and the fourth quarter of 2023. Nonperforming assets to total assets was 0.06% as of March 31, 2024 and December 31, 2023. Book value per share was $21.41, an increase of $0.14, or 1%, from December 31, 2023 and an increase of $1.84, or 9%, from March 31, 2023. "We are pleased with ou Show less Read more
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