Avidbank 10/24/2023 Earnings Report

Avidbank EPS Results

• Actual EPS: $0.72
• Consensus EPS: $0.72
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Avidbank Revenue Results

• Actual Revenue: $18.55 million
• Expected Revenue: $19.61 million
• Beat/Miss: Missed by -$1.06 million
• YoY Revenue Growth: N/A

Avidbank Announcement Details

• Date: 10/24/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Avidbank (OTCMKTS:AVBH) (OTCMKTS:AVBH) is a Texas‐based commercial bank headquartered in Irving, serving businesses and individuals throughout the Dallas–Fort Worth metroplex. Chartered as a community bank, Avidbank operates as the wholly owned subsidiary of Avidbank Corporation, providing a full range of deposit and lending solutions tailored to local markets. The bank’s mission focuses on delivering personalized financial services that support economic growth in its core service area.

Key offerings include traditional deposit products such as checking and savings accounts, money market funds, and certificates of deposit, all protected by FDIC insurance. On the lending side, Avidbank specializes in commercial real estate financing, construction lending, SBA loans, and small‐business lending. Complementing these core products are treasury and cash‐management services, merchant processing, online and mobile banking platforms, and remote deposit capture, designed to streamline operations for business clients.

Since its founding in 2005, Avidbank has established a network of branch offices across the Dallas–Fort Worth region, fostering long‐term client relationships and supporting community development projects. The bank is governed by an experienced board of directors and executive management team with deep roots in Texas banking. Through a localized approach and commitment to client service, Avidbank aims to maintain its position as a trusted partner for regional businesses and residents.