Avidia Bancorp Inc 2025年季度报告

FORM10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedSeptember 30,2025 OR ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______________ to _______________ Commission File No.001-42775 Avidia Bancorp, Inc.(Exact Name of Registrant as Specified in Its Charter) 33-4239888(I.R.S. Employer Identification Number) (State or Other Jurisdiction of Incorporation or Organization) 01749(Zip Code) (800)508-2265(Registrant’s Telephone Number, Including Area Code) N/A(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbol(s)Name of Each Exchange on Which RegisteredCommon stock, $0.01 par valueAVBCNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such requirements for the past 90 days.YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period thatthe Registrant was required to submit such files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b‑2 of the ExchangeAct: Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES☐NO There were20,076,250shares of the registrant’s common stock, par value $0.01 per share, outstanding asofNovember 12, 2025. Avidia Bancorp, Inc.Form 10-QIndex Page Part I. – Financial Information Item 1.Financial Statements1Consolidated Balance Sheets as of September 30, 2025 (unaudited) andDecember 31, 20241Consolidated Statements of Operations for the Three and Nine Months EndedSeptember 30, 2025 and 2024 (unaudited)2Consolidated Statements of Comprehensive Income (Loss) for the Three andNine Months Ended September 30, 2025 and 2024 (unaudited)3Consolidated Statements of Changes in Shareholders' Equity for the Three andNine Months Ended September 30, 2025 and 2024 (unaudited)4Consolidated Statements of Cash Flows for the Nine Months Ended September30, 2025 and 2024 (unaudited)5Notes to Consolidated Financial Statements (unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations46Item 3.Quantitative and Qualitative Disclosures about Market Risk59Item 4.Controls and Procedures59Part II. – Other InformationItem 1.Legal Proceedings60Item 1A.Risk Factors60Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases ofEquity Securities60Item 3.Defaults Upon Senior Securities60Item 4.Mine Safety Disclosures60Item 5.Other Information60Item 6.Exhibits61Signature Page62 Avidia Bancorp, Inc. Consolidated Statements ofComprehensive Income (Loss) (Unaudited) Amounts are included in net loss on sale of securities available for sale on the Consolidated Statements of Operations. For thethree months ended September 30, 2025, there werenolosses on sales of securities. The income tax benefit associated withthe reclassification adjustment for the nine months ended September 30, 2025 was$174thousand.The income tax benefitassociated with the reclassification adjustment for the three and nine months ended September 30, 2024was $279thousandand $663thousand, respectively.(1) The accompanying notes are an integral part of these consolidated financial statements. Avidia Bancorp, Inc. Avidia Bancorp, Inc. Consolidated Statements of Cash Flows (Unaudited) (1)Represents a non-cash common stock donation of900thousand shares at a fair value of $9.0millionto the Avidia Bank Charitable Foundation. The donation is included in other general andadministrative expense as a non-interest expense in the Consolidated Statements of Operations for thethree and nine months ended September 30, 2025. The accompanying notes are an integral part of these consolidated financial statements. Avidia Bancorp, Inc. Consolidated Statements of Cash Flows (Unaudited) (co