Avidia Bancorp Inc (NYSE: AVBC) is a bank holding company that operates through its wholly owned subsidiary, Avidia Bank, providing retail and commercial banking services. The company earns money primarily through net interest income, the spread between interest collected on loans and securities and interest paid on deposits and borrowings. Incorporated in February 2025 as part of the conversion of Assabet Valley Bancorp from mutual to stock form, Avidia Bancorp completed its initial public offering on July 31, 2025, selling 19,176,250 shares at $10.00 per share. At December 31, 2025, the company held $2.84 billion in total assets, $2.30 billion in loans, $2.13 billion in deposits, and $379 million in stockholders' equity. The principal office is located at 42 Main Street. Robert D. Cozzone serves as President and Chief Executive Officer. The company declared its first quarterly cash dividend of $0.05 per share in January 2026, payable February 26, 2026.

Revenue model

Net interest income from loans and investment securities funded primarily by deposits. Deposits include noninterest-bearing demand accounts (17.1% of average deposits, FY2025), NOW accounts (34.3%), and money market accounts (12.9%). Supplemental funding comes from Federal Home Loan Bank of Boston advances, of which $260.0 million was outstanding at December 31, 2025.

Products and services

Retail and commercial banking products including loans ($2.30 billion at December 31, 2025), deposit accounts (noninterest-bearing demand, NOW, money market, savings), Health Savings Accounts (HSAs, $248.2 million or 11.7% of total deposits at December 31, 2025), payments processing deposit services ($352.8 million or 16.6% of total deposits at December 31, 2025), and an investment securities portfolio of $298.3 million including mortgage-backed securities ($184.8 million), other bonds and obligations ($105.8 million), and municipal securities ($7.6 million) as of December 31, 2025.

Customers and end markets

Retail depositors, commercial borrowers, and specialty deposit customers. The bank held 150,777 HSA depositors at December 31, 2025. Payments processing customers represented a material deposit concentration at 16.6% of total deposits. The company had approximately 1,001 holders of record of common stock as of March 25, 2026.

Value-chain role

Community bank and deposit-taking institution. Accepts deposits and extends credit, primarily in loans. Member of the Federal Home Loan Bank of Boston with $683.4 million borrowing capacity, of which $260.0 million was drawn at December 31, 2025. Also maintains $325.9 million borrowing capacity with the Federal Reserve Bank of Boston and $25.0 million in lines of credit with correspondent banks.

Geographic exposure

Principal office at 42 Main Street; operations concentrated in Massachusetts. Regulated as a bank holding company by the Federal Reserve Board and subject to examination as a state-chartered bank.

Source: SEC 10-K, filed 2026-03-27

Industry: Savings Institutions, Not Federally Chartered