Earnings release
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Exhibit 99.1 Contact: Robert D. Cozzone President and Chief Executive Officer Avidia Bancorp, Inc. (800) 508-2265 Avidia Bancorp, Inc. Reports Second Quarter 2026 Financial Results, Increases Quarterly Cash Dividend HUDSON, MA; July 23, 2026 – Avidia Bancorp, Inc. (the “Company”) (NYSE: “AVBC”), the holding company of Avidia Bank, today reported second quarter 2026 net income of $7.2 million, or $0.39 per share, compared to first quarter 2026 net income of $6.0 million, or $0.32 per share. The Company also announced a 20% increase in its quarterly cash dividend to $0.06 per share from $0.05 per share, payable on or about August 27, 2026, to stockholders of record as of the close of business on August 18, 2026. CEO Robert Cozzone stated, “Earnings growth of 20% quarter-over-quarter reflected increases in most categories of fee income. Our process improvement strategies contributed to better efficiency, and we achieved a 1.04% return on assets. We joined the Russell 2000 stock index on June 26, which deepens the market for our stock.” SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS(comparisons are to prior quarter) • Net interest margin increased by 3 basis points to 3.64%. • Return on assets increased by 18 basis points to 1.04%. • Return on equity increased by 107 basis points to 7.43%. • Efficiency ratio improved to 65.3% from 67.2%. • Book value per share and tangible book value per share (non-GAAP) increased to $19.40 and $18.81, respectively. See the non-GAAP reconciliation at the end of this document for further information. BALANCE SHEET Total assets were $2.78 billion at June 30, 2026, decreasing $29 million, or 1%, from March 31, 2026. • Short-term investments fell by $22 million to $51 million as excess cash was invested into longer term securities and used to pay down wholesale borrowings. • Total investment securities grew by $19 million from March 31, to $328 million. • Total loans decreased by $24 million, or 1%, to $2.26 billion, due primarily to a reduction in outstanding commercial loans. o Loan exposure related to non-medical office space at June 30, 2026 was $93.4 million or 4.1% of gross loans. When excluding owner-occupied, total non-medical office exposure was $75.1 million.
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2 • Deposits grew by $7 million, or 0.3%, to $2.15 billion, due primarily to higher money market account balances. • Federal Home Loan Bank advances decreased $45 million to $160 million. • Total stockholders’ equity increased $6 million, or 2%, to $390 million, primarily due to retained earnings. Stockholders' equity to total assets was 14.0% at quarter-end. o Tangible stockholders' equity to tangible assets (non-GAAP) was 13.6%. REVENUE Total net revenue increased to $29.9 million in the second quarter of 2026, an increase of $1.6 million, or 6%, compared to the prior quarter. • Second quarter 2026 net interest income was unchanged from the prior quarter. The net interest margin improved by 3 basis points to 3.64%. o The yield on earning assets remained steady at 5.05%. Loan income was negatively impacted by $195 thousand from loan accrual reversals. o The cost of interest-bearing liabilities decreased 4 basis points to 1.89% as a result of the reduction in higher cost borrowings. • Non-interest income increased $1.6 million to $5.9 million from the prior quarter. o Customer service fees increased $419 thousand to $1.3 million, primarily from increases in HSA fees during the quarter. o Payment processing income increased $683 thousand to $2.6 million. This included approximately $230 thousand in one-time fees from a contract termination as well as the benefit of higher business volumes. o Other income increased $377 thousand from the first quarter as a result of a $110 thousand increase in run rate BOLI income as well as a $144 thousand increase in the valuation on the market value of our RABBI Trust investments. NON-INTEREST EXPENSE • Total non-interest expense increased $509 thousand, or 3%, to $19.5 million in the second quarter of 2026. o Salaries and benefits decreased by $237 thousand due to seasonal factors. o Occupancy and equipment costs were lower in the second quarter by $388 thousand due to lower seasonal costs, primarily snow removal. o Professional fees increased $408 thousand from the previous quarter due to loan workout costs and consulting costs associated with the Company’s efficiency initiative. o Marketing and promotions increased $218 thousand as a result of timing on specific promotions and investments in business development. o Other general and administrative expenses increased by $355 thousand over the previous quarter, with the largest contributing factor being a periodic review fee associated with the payments business.
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3 INCOME TAXES Income tax expense increased $112 thousand to $2.3 million in the second quarter of 2026 compared to the prior quarter. • The effective income tax rate decreased to 24% from 27% for these periods, primarily due to the BOLI investment that occurred at the end of the first quarter. ASSET QUALITY The period-end allowance for credit losses was $23.9 million in the second quarter of 2026 compared to $22.8 million at the prior quarter-end. The ratio of the allowance to total loans increased to 1.06% from 1.00% for these dates. • Provision expense for credit losses decreased $197 thousand to $892 thousand. • The Company recorded a benefit to the allowance of $420 thousand for net recoveries in the second quarter, compared to net charge-offs of $116 thousand recorded in the prior quarter. • Non-accruing loans were $16.9 million, or 0.75% of total loans, at period-end, compared to $13.6 million, or 0.60% of total loans, at the prior quarter-end, primarily due to an increase in non-accruing commercial & industrial loans. 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 NON-GAAP FINANCIAL MEASURES This document contains certain non-GAAP financial measures in addition to financial measures 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 operating results for any particular quarter or year. The Company’s non-GAAP operating earnings information 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.
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4 FORWARD-LOOKING STATEMENTS Statements contained in this document 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 Annual Report or Form 10-K, and updated by our Quarterly Reports on Form 10-Q, and other filings with 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.
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5 Avidia Bancorp, Inc. Selected Consolidated Financial Highlights (Unaudited) At or for the Quarters Ended (Dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 Earnings Data: Net interest income $ 23,964 $ 23,982 $ 20,618 Total non-interest income 5,902 4,286 5,246 Total net revenue 29,866 28,268 25,864 Total non-interest expense 19,501 18,992 19,763 Provision for credit losses 892 1,089 1,071 Income before income tax expense 9,473 8,187 5,030 Net income 7,170 5,996 3,872 Per-Share Data: Earnings per share, basic $ 0.39 $ 0.32 N/A Earnings per share, diluted 0.39 0.32 N/A Book value per share 19.40 19.10 N/A Tangible book value per share (non-GAAP) 18.81 18.51 N/A Performance Ratios: Return on average assets (annualized) 1.04 % 0.86 % 0.57 % Return on average equity (annualized) 7.43 6.36 8.20 Return on average tangible common equity (non-GAAP) 7.76 6.57 8.88 Net interest margin 3.64 3.61 3.19 Interest rate spread 3.16 3.12 2.76 Yield on loans 5.32 5.37 5.20 Cost of deposits 1.32 1.31 1.36 Noninterest income as a percentage of average assets 0.86 0.62 0.77 Noninterest expense as a percentage of average assets 2.83 2.74 2.91 Efficiency ratio 65.29 67.19 76.41 Total loans as a percentage of total deposits 104.97 106.45 92.15 Average interest-earning assets as a percentage of average interest-bearing liabilities 134.37 133.43 124.77 Balance Sheet, (end of period): Total assets $ 2,780,104 $ 2,807,417 $ 2,957,908 Total earning assets 2,647,488 2,677,277 2,827,019 Total loans 2,260,543 2,284,555 2,248,021 Total deposits 2,153,608 2,146,160 2,443,106 Total stockholders' equity 389,536 383,521 191,426 Asset Quality: Allowance for credit losses $ 23,926 $ 22,761 $ 23,425 Allowance for credit losses as a percentage of total loans 1.06 % 1.00 % 1.04 % Allowance for credit losses as a percentage of nonperforming loans 141.46 167.02 207.37 Allowance for credit losses as a percentage of nonaccrual loans 141.46 167.02 207.37 Non-accrual loans as a percentage of total loans 0.75 0.60 0.50 Net loan recoveries (charge-offs) as a percentage of average loans (annualized) 0.07 (0.02) 0.01 Total nonaccruing assets as a percentage of total assets 0.61 0.49 0.38 Total nonperforming assets as a percentage of total assets 0.61 0.49 0.38 Capital Ratios: Total stockholders' equity as a percentage of total assets 14.01 % 13.66 % 6.47 % Tangible stockholders' equity as a percentage of tangible assets (non-GAAP) 13.64 13.29 6.09 Total capital as a percentage of risk-weighted assets 20.11 19.75 11.57 Common equity tier 1 capital as a percentage of risk-weighted assets 17.72 17.42 9.14 Tier 1 capital as a percentage of average assets 14.19 13.74 7.24 (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 noninterest expenses divided by the sum of net interest income and noninterest income. (5) Presented as projected for June 30, 2026 and actual for the remaining dates. (1) (1) (2) (3) (4) (1) (5) (5) (5)
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6 Avidia Bancorp, Inc. Consolidated Balance Sheets (Unaudited) As of June 30, 2026 Change From (Dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 June 30, 2025 Assets Cash and due from banks $ 19,171 $ 19,231 $ 24,667 $ (60) (0.3) % $ (5,496) (22.3) % Short-term investments 51,303 73,793 283,919 (22,490) (30.5) (232,616) (81.9) Total cash and cash equivalents 70,474 93,024 308,586 (22,550) (24.2) (238,112) (77.2) Securities available for sale, at fair value 315,091 295,924 266,249 19,167 6.5 48,842 18.3 Securities held to maturity, at amortized cost 12,500 13,000 16,747 (500) (3.8) (4,247) (25.4) Total securities 327,591 308,924 282,996 18,667 6.0 44,595 15.8 Federal Home Loan Bank stock, at cost 8,051 9,817 12,083 (1,766) (18.0) (4,032) (33.4) Loans held for sale - 188 - (188) (100.0) - - Total loans 2,260,543 2,284,555 2,248,021 (24,012) (1.1) 12,522 0.6 Less: Allowance for credit losses (23,926) (22,761) (23,425) (1,165) 5.1 (501) 2.1 Net loans 2,236,617 2,261,794 2,224,596 (25,177) (1.1) 12,021 0.5 Premises and equipment, net 29,153 29,029 29,098 124 0.4 55 0.2 Bank-owned life insurance 47,309 46,929 36,093 380 0.8 11,216 31.1 Accrued interest receivable 8,700 8,683 8,922 17 0.2 (222) (2.5) Net deferred tax asset 12,842 10,584 11,323 2,258 21.3 1,519 13.4 Goodwill 11,936 11,936 11,936 - - - - Mortgage servicing rights 3,168 3,086 3,253 82 2.7 (85) (2.6) Other assets 24,263 23,423 29,022 840 3.6 (4,759) (16.4) Total assets $ 2,780,104 $ 2,807,417 $ 2,957,908 $ (27,313) (1.0) % $ (177,804) (6.0) % Liabilities Deposits $ 2,153,608 $ 2,146,160 $ 2,443,106 $ 7,448 0.3 % $ (289,498) (11.8) % Federal Home Loan Bank advances 160,000 205,000 260,000 (45,000) (22.0) (100,000) (38.5) Subordinated debt 27,877 27,852 27,738 25 0.1 139 0.5 Accrued expenses and other liabilities 49,083 44,884 35,638 4,199 9.4 13,445 37.7 Total liabilities $ 2,390,568 $ 2,423,896 $ 2,766,482 $ (33,328) (1.4) % $ (375,914) (13.6) % Stockholders' equity: Common Stock $ 201 $ 201 $ - $ - 0.0 % $ 201 - % Additional paid-in capital 195,228 195,057 - 171 0.1 195,228 - Unallocated ESOP common stock (14,857) (15,057) - 200 (1.3) (14,857) - Retained earnings 223,138 216,973 207,555 6,165 2.8 15,583 7.5 Accumulated other comprehensive loss (14,174) (13,653) (16,129) (521) 3.8 1,955 (12.1) Total stockholders' equity $ 389,536 $ 383,521 $ 191,426 $ 6,015 1.6 % $ 198,110 103. 5 % Total liabilities and stockholders' equity $ 2,780,104 $ 2,807,417 $ 2,957,908 $ (27,313) (1.0) % $ (177,804) (6.0) %
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7 Avidia Bancorp, Inc. Consolidated Loan and Deposit Analysis (Unaudited) Loan Analysis As of June 30, 2026 Change From (Dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 June 30, 2025 Real estate loans One to four family residential $ 517,975 $ 513,146 $ 514,108 $ 4,829 0.9 % $ 3,867 0.8 % Home equity and second mortgages 82,886 83,371 74,439 (485) (0.6) 8,447 11.3 Commercial real estate 540,209 537,752 512,509 2,457 0.5 27,700 5.4 Commercial real estate multifamily 103,477 104,253 91,845 (776) (0.7) 11,632 12.7 Construction & land 45,928 47,467 48,900 (1,539) (3.2) (2,972) (6.1) Total real estate loans 1,290,475 1,285,989 1,241,801 4,486 0.3 48,674 3.9 Commercial loans Condominium associations 494,331 497,503 496,161 (3,172) (0.6) (1,830) (0.4) Commercial & industrial 469,491 494,514 502,434 (25,023) (5.1) (32,943) (6.6) PPP loans — — 68 — — (68) (100.0) Total commercial loans 963,822 992,017 998,663 (28,195) (2.8) (34,841) (3.5) Consumer loans Consumer 3,082 3,456 4,543 (374) (10.8) (1,461) (32.2) Total consumer loans 3,082 3,456 4,543 (374) (10.8) (1,461) (32.2) Total loans 2,257,379 2,281,462 2,245,007 (24,083) (1.1) 12,372 0.6 Allowance for credit losses (23,926) (22,761) (23,425) (1,165) 5.1 (501) 2.1 Net deferred loan costs 3,164 3,093 3,014 71 2.3 150 5.0 Loans, net $ 2,236,617 $ 2,261,794 $ 2,224,596 $ (25,177) (1.1) $ 12,021 0.5 % Deposit Analysis As of June 30, 2026 Change From (Dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 June 30, 2025 Noninterest-bearing demand $ 369,282 $ 388,527 $ 340,904 $ (19,245) (5.0) % $ 28,378 8.3 % NOW 753,470 733,674 1,082,505 19,796 2.7 (329,035) (30.4) Money market 279,529 262,773 269,275 16,757 6.4 10,254 3.8 Savings 432,310 435,332 411,990 (3,022) (0.7) 20,320 4.9 Certificates of deposits 319,017 325,855 338,432 (6,838) (2.1) (19,415) (5.7) Total deposits $ 2,153,608 $ 2,146,160 $ 2,443,106 $ 7,448 0.3 % $ (289,498) (11.8) %
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8 Avidia Bancorp, Inc. Consolidated Statements of Operations QTD (Unaudited) Three Months Ended June 30, 2026 Change Three Months Ended From Three Months Ended (Dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 June 30, 2025 Interest and dividend income Loans, including fees $ 29,961 $ 30,313 $ 28,883 $ (352) (1.2) % $ 1,078 3.7 % Securities 2,877 2,544 2,555 333 13.1 322 12.6 Other 400 742 421 (342) (46.1) (21) (5.0) Total interest and dividend income 33,238 33,599 31,859 (361) (1.1) 1,379 4.3 Interest expense Deposits 6,992 6,884 7,242 108 1.6 (250) (3.5) Federal Home Loan Bank advances 1,930 2,381 3,647 (451) (18.9) (1,717) (47.1) Subordinated debt 352 352 352 - 0.0 - 0.0 Total interest expense 9,274 9,617 11,241 (343) (3.6) (1,967) (17.5) Net interest income 23,964 23,982 20,618 (18) (0.1) 3,346 16.2 Provision expense for credit losses - loans 745 859 1,523 (114) (13.3) (778) (51.1) Provision expense (reversal) for credit losses - off- balance sheet credit exposures 147 230 (452) (83) (36.1) 599 132.5 Total provision expense for credit losses 892 1,089 1,071 (197) (18.1) (179) (16.7) Net interest income, after provision expense for credit losses 23,072 22,893 19,547 179 0.8 3,525 18.0 Non-interest income: Customer service fees 1,338 919 884 419 45.6 454 51.4 Net loss on sale of securities available for sale - - (78) - 100.0 78 100.0 Payment processing income 2,592 1,909 2,079 683 35.8 513 24.7 Income on bank-owned life insurance 379 269 289 110 40.9 90 31.1 Mortgage banking income 287 263 162 24 9.1 125 77.2 Investment commissions 359 356 312 3 0.8 47 15.1 Other 947 570 1,598 377 66.1 (651) (40.7) Total non-interest income 5,902 4,286 5,246 1,616 37.7 656 12.5 Non-interest expense: Salaries and employee benefits 9,963 10,200 8,909 (237) (2.3) 1,054 11.8 Occupancy and equipment 1,440 1,828 2,042 (388) (21.2) (602) (29.5) Data processing 3,042 2,890 2,994 152 5.3 48 1.6 Professional fees 1,516 1,108 1,088 408 36.8 428 39.3 Payment processing 452 367 932 85 23.2 (480) (51.5) Deposit insurance 302 343 780 (41) (12.0) (478) (61.3) Marketing and promotions 424 206 310 218 105.8 114 36.8 Telecommunications 75 99 96 (24) (24.2) (21) (21.9) Problem loan and foreclosed real estate, net 179 198 194 (19) (9.6) (15) (7.7) Other general and administrative 2,108 1,753 2,418 355 20.3 (310) (12.8) Total non-interest expense 19,501 18,992 19,763 509 2.7 (262) (1.3) Income before income tax expense 9,473 8,187 5,030 1,286 15.7 4,443 88.3 Income tax expense 2,303 2,191 1,158 112 5.1 1,145 98.9 Net income $ 7,170 $ 5,996 $ 3,872 $ 1,174 19.6 % $ 3,298 85.2 % Share data: Weighted average common shares outstanding, basic 18,577 18,557 N/A 20 0.1 % N/A N/A Weighted average common shares outstanding, diluted 18,577 18,557 N/A 20 0.1 N/A N/A Earnings per share, basic $ 0.39 $ 0.32 N/A $ 0.07 21.9 N/A N/A Earnings per share, diluted $ 0.39 $ 0.32 N/A $ 0.07 21.9 N/A N/A
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9 Avidia Bancorp, Inc. Consolidated Statements of Operations YTD (Unaudited) Six Months Ended Six Months Ended June 30, 2026 Change (Dollars in thousands, except per share data) June 30, 2026 June 30, 2025 From Six Months Ended June 30, 2025 Interest and dividend income: Loans, including fees $ 60,275 $ 57,067 $ 3,208 5.6 % Securities 5,421 5,206 215 4.1 Other 1,142 636 506 79.6 Total interest and dividend income 66,838 62,909 3,929 6.2 Interest expense: Deposits 13,877 14,973 (1,096) (7.3) Federal Home Loan Bank advances 4,311 7,439 (3,128) (42.0) Subordinated debt 704 667 37 5.5 Total interest expense 18,892 23,079 (4,187) (18.1) Net interest income: 47,946 39,830 8,116 20.4 Provision expense for credit losses - loans 1,604 18,828 (17,224) (91.5) Provision expense (reversal) for credit losses - off-balance sheet credit exposures 376 (141) 517 366.7 Total provision expense for credit losses 1,980 18,687 (16,707) (89) Net interest income, after provision expense for credit losses 45,966 21,143 24,823 117.4 Non-interest income: Customer service fees 2,256 1,785 471 26.4 Net (loss) on sale of securities available for sale - (619) 619 100.0 Net write down on premises and equipment no longer in use - (356) 356 100.0 Payment processing income 4,501 4,271 230 5.4 Income on bank-owned life insurance 648 568 80 14.1 Mortgage banking income 550 178 372 209.0 Investment commissions 715 662 53 - Other 1,518 2,485 (967) (38.9) Total non-interest income 10,188 8,974 1,214 13.5 Non-interest expense: Salaries and employee benefits 20,163 20,475 (312) (1.5) Occupancy and equipment 3,267 4,060 (793) (19.5) Data processing 5,933 6,372 (439) (6.9) Professional fees 2,624 1,749 875 50.0 Payment processing 819 1,975 (1,156) (58.5) Deposit insurance 645 1,412 (767) (54.3) Advertising 630 575 55 9.6 Telecommunications 175 188 (13) (6.9) Problem loan and foreclosed real estate, net 377 306 71 23.2 Other general and administrative 3,862 4,484 (622) (13.9) Total non-interest expense 38,495 41,596 (3,101) (7.5) Income (loss) before income tax expense 17,659 (11,479) 29,138 253.8 Income tax expense (benefit) 4,494 (3,764) 8,258 219.4 Net income (loss) $ 13,165 $ (7,715) $ 20,880 270.6 % Share data: Weighted average common shares outstanding, basic 18,567 N/A N/A N/A Weighted average common shares outstanding, diluted 18,567 N/A N/A N/A Earnings per share, basic $ 0.71 N/A N/A N/A Earnings per share, diluted $ 0.71 N/A N/A N/A
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10 Avidia Bancorp, Inc. Average Balances and Average Yields And Costs (Unaudited) For the Quarters Ended June 30, 2026 March 31, 2026 June 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/Rat e Interest-earning assets: Short-term investments $ 56,531 $ 400 2.84 %$ 111,776 $ 742 2.69 %$ 67,357 $ 421 2.51 % Securities 323,536 2,877 3.57 297,095 2,544 3.47 296,321 2,555 3.46 Loans 2,258,865 29,961 5.32 2,288,117 30,313 5.37 2,229,893 28,883 5.20 Total interest-earning assets 2,638,932 33,238 5.05 2,696,988 33,599 5.05 2,593,571 31,859 4.93 Noninterest-earning assets 125,864 115,557 122,176 Total assets $ 2,764,796 $ 2,812,545 $ 2,715,747 Interest-bearing liabilities: NOW accounts $ 736,036 $ 1,042 0.57 %$ 742,711 $ 993 0.54 %$ 697,452 $ 700 0.40 % Money market accounts 270,030 860 1.28 260,035 776 1.21 270,969 848 1.26 Regular and other savings accounts 432,822 2,280 2.11 434,329 2,279 2.13 401,215 2,278 2.28 Certificates of deposit 320,871 2,810 3.51 324,646 2,836 3.54 347,419 3,416 3.94 Total interest-bearing deposits 1,759,759 6,992 1.59 1,761,721 6,884 1.58 1,717,055 7,242 1.69 FHLB advances and other borrowings 176,351 1,930 4.39 231,724 2,381 4.17 333,834 3,647 4.38 Subordinated debt 27,857 352 5.07 27,828 352 5.13 27,782 352 5.08 Total interest-bearing liabilities 1,963,967 9,274 1.89 2,021,273 9,617 1.93 2,078,671 11,241 2.17 Noninterest-bearing demand deposits 372,187 369,871 415,035 Other noninterest-bearing liabilities 41,761 39,196 33,242 Total liabilities 2,377,915 2,430,340 2,526,948 Total stockholders' equity 386,881 382,205 188,799 Total liabilities and capital $ 2,764,796 $ 2,812,545 $ 2,715,747 Net interest income $ 23,964 $ 23,982 $ 20,618 Net interest rate spread 3.16 % 3.12 % 2.76 % Net interest-earning assets $ 674,965 $ 675,715 $ 514,900 Total deposits 2,131,946 2,131,592 Net interest margin 3.64 % 3.61 % 3.19 % Cost of deposits 1.32 % 1.31 % 1.36 % Average interest-earning assets to interest-bearing liabilities 134.37 % 133.43 % 124.77 % (1) Average balances for borrowings includes the financing lease obligation which is presented under other liabilities on the consolidated balance sheet. (2) 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. (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (4) Net interest margin represents net interest income divided by average total interest-earning assets. (1) (2) (3) (4)
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11 Avidia Bancorp, Inc. Asset Quality Data (Unaudited) At or for the Quarters Ended (Dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Nonperforming Assets Nonaccrual loans: Residential $ 320 $ 977 $ 255 Commercial real estate 5,952 6,041 - Construction - - 8,930 Commercial 10,642 6,610 2,111 Total nonaccrual loans $ 16,914 $ 13,628 $ 11,296 Other real estate owned - - - Total nonperforming assets $ 16,914 $ 13,628 $ 11,296 Total nonaccrual loans to total loans 0.75 % 0.60 % 0.50 % Total nonperforming assets to total loans 0.75 0.60 0.50 Allowance for Credit Losses Allowance for credit losses, beginning of period $ 22,761 $ 22,018 $ 21,849 Charged-off loans (75) (221) (18) Recoveries on charged-off loans 495 105 71 Net loan recoveries (charge-offs) 420 (116) 53 Provision expense for credit losses 745 859 1,523 Allowance for credit losses, end of period $ 23,926 $ 22,761 $ 23,425 Allowance for credit losses to total loans 1.06 % 1.00 % 1.04 % Allowance for credit losses to nonaccrual loans 141.46 167.02 207.37 Allowance for credit losses to nonperforming loans 141.46 167.02 207.37 Net loan recoveries (charge-offs) Residential $ 1 $ 1 $ 1 Commercial real estate - - 25 Construction 479 75 - Commercial (67) (154) 20 Consumer 7 (38) 7 Total net loan recoveries (charge-offs) $ 420 $ (116) $ 53 Net loan recoveries (charge-offs) to average loans (annualized) 0.07 % (0.02) % 0.01 %
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12 Avidia Bancorp, Inc. Non-GAAP Reconciliation (Unaudited) As of (Dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 Tangible stockholders' equity: Total stockholders' equity (GAAP) $ 389,536 $ 383,521 $ 191,426 Less: Goodwill 11,936 11,936 11,936 Tangible stockholders' equity (non-GAAP) $ 377,600 $ 371,585 $ 179,490 Tangible assets: Total assets (GAAP) $ 2,780,104 $ 2,807,417 $ 2,957,908 Less: Goodwill 11,936 11,936 11,936 Tangible assets (non-GAAP) $ 2,768,168 $ 2,795,481 $ 2,945,972 Average tangible stockholders' equity: Average total stockholders' equity (GAAP) $ 386,881 $ 382,205 $ 188,799 Less: Average goodwill 11,936 11,936 11,936 Average tangible stockholders' equity (non-GAAP) $ 374,945 $ 370,269 $ 176,863 Stockholders' equity to assets (GAAP) 14.01 % 13.66 % 6.47 % Tangible stockholders' equity to tangible assets (non-GAAP) 13.64 % 13.29 % 6.09 % Return on average equity (GAAP) 7.43 % 6.36 % 8.20 % Return on average tangible common equity (non-GAAP) 7.76 % 6.57 % 8.88 % Common shares outstanding, including unallocated ESOP shares 20,076 20,076 N/A Book value per common share (GAAP) $ 19.40 $ 19.10 N/A Tangible book value per common share (non-GAAP) $ 18.81 $ 18.51 N/A