Avidbank Holdings, Inc. Announces Net Income of $2,865,000 for the Third Quarter of 2018
AVIDBANK HOLDINGS INC (AVBH)
NASDAQ:AMEX Investor Relations:
avidbank.com
Company Research
Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Avidbank Holdings, Inc. (“the Company”) (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank (“the Bank”), an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $2,865,000 for the third quarter of 2018 compared to $1,660,000 for the same period in 2017. Year-to-Date and Third Quarter 2018 Financial Highlights Net income was $7,639,000 in the first nine months of 2018 compared to $4,645,000 in the first nine months of 2017. Net income in the first nine months of 2018 included a loan loss provision of $665,000 while net income in the first nine months of 2017 included a loan loss provision of $1,880,000. Net interest income was $27,132,000 in the first nine months of 2018, an increase of $4,784,000 or 21% over the figure re
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