Last $12.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
AVBH On Other Exchanges
Symbol
Exchange
OTC US
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

avidbank holdings inc (AVBH) Snapshot

Open
$12.20
Previous Close
$12.20
Day High
$12.20
Day Low
$12.20
52 Week High
12/24/14 - $12.20
52 Week Low
02/11/14 - $10.56
Market Cap
52.9M
Average Volume 10 Days
1.1K
EPS TTM
$0.55
Shares Outstanding
4.3M
EX-Date
--
P/E TM
22.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for AVIDBANK HOLDINGS INC (AVBH)

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avidbank holdings inc (AVBH) Details

Avidbank Holdings, Inc. operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the California counties of San Mateo and Santa Clara Counties. The company accepts various deposit products, such as checking accounts, money market checking accounts, savings accounts, and certificates of deposit. Its loan products include secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, term loans, overdraft protection, business lines of credit, equipment financing, acquisition financing, ESOP loans, technology and asset-based lending, and standby letters of credit. The company also offers land acquisition loans, pre-development loans, and construction loans on residential, commercial, and mixed-use properties; real estate mortgage, commercial, and consumer loans; and commercial revolving lines of credit, as well as real estate bridge financing services. In addition, it provides various services, including ATM/debit cards, online banking and bill pay, eBanking, foreign and domestic wire transfer, credit cards, safe deposit boxes, complimentary notary, cashier’s checks, foreign currency, postage-paid bank by mail, merchant, remote deposit capture, ACH origination, business courier, night deposit, and cash management services, as well as tax deposits/EFTPs. The company was founded in 2003 and is headquartered in Palo Alto, California.

59 Employees
Last Reported Date: 10/30/14
Founded in 2003

avidbank holdings inc (AVBH) Top Compensated Officers

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Executives, Board Directors

avidbank holdings inc (AVBH) Key Developments

Avidbank Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Avidbank Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $4,272,000 compared with $4,095,000 for the same period a year ago. Net interest income was $4,097,000 compared with $3,815,000 for the same period a year ago. Income before income taxes was $1,108,000 compared with $723,000 for the same period a year ago. Net income applicable to common shareholders was $646,000 or $0.15 per diluted share compared with $398,000 or $0.09 per diluted share for the same period a year ago. Return on average assets was 0.54% compared with 0.38% for the same period a year ago. Return on average equity was 5.16% compared with 4.13% for the same period a year ago. For the nine months, the company reported total interest income of $12,522,000 compared with $12,394,000 for the same period a year ago. Net interest income was $11,894,000 compared with $11,507,000 for the same period a year ago. Income before income taxes was $2,970,000 compared with $3,212,000 for the same period a year ago. Net income applicable to common shareholders was $1,749,000 or $0.40 per diluted share compared with $1,669,000 or $0.51 per diluted share for the same period a year ago. Return on average assets was 0.49% compared with 0.58% for the same period a year ago. Return on average equity was 4.71% compared with 6.57% for the same period a year ago.

Michael F. Rosinus Joins Avidbank Holdings, Inc. Board of Directors

Avidbank Holdings, Inc. announced that Michael F. Rosinus has joined the Board of Directors. Mr. Rosinus serves as a Senior Advisor to Tricadia Capital Management, LLC focusing on investments in community banking and other financial services. He is also founder of TRF Partners, LLC a co-general partner of PTMR Capital Partners LP -- a fund affiliated with Performance Trust Investment Advisors making equity investments in community banks. He has been investing in community banks since 1998. Prior to TRF Partners, LLC and PTMR Capital Partners LP, he made investments through Lightyear Capital and Tiedemann Rosinus, LP. Mr. Rosinus is also a director of Cordia Bancorp and Bank of Virginia.

Avidbank Holdings, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Avidbank Holdings, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. The company announced net income applicable to common shareholders of $696,000 for the second quarter of 2014 compared to $838,000 for the same period in 2013. Results for the 2013 period included $681,000 in gains from the sale of investment securities compared to none in the 2014 period. Diluted earnings per common share were $0.16 for the second quarter of 2014, compared to $0.30 for the second quarter of 2013. Total interest income was $4,375,000, compared to $4,117,000 for the last year. Net interest income was $4,166,000, compared to $3,828,000 for the last year. Return on average assets was 0.60% compared to 0.88% for the last year. Return on average common equity was 5.62% compared to 9.86% for the last year. Net income applicable to common shareholders was $1,105,000 for the first six months of 2014, compared to $1,268,000 for the first six months of 2013. Results for the 2013 period included $681,000 in gains from the sale of investment securities compared to none in the 2014 period. Diluted earnings per common share were $0.25 for the first six months of 2014, compared to $0.47 for the first six months of 2013. Book value per common share was $11.51 as on June 30, 2014, compared to $11.03 as on June 30, 2013. Total interest income was $8,251,000, compared to $8,297,000 for the last year. Net interest income was $7,798,000, compared to $7,690,000 for the last year. Return on average assets was 0.46% compared to 0.69% for the last year. Return on average common equity was 4.51% compared to 8.25% for the last year.

 

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Industry Average

Valuation AVBH Industry Range
Price/Earnings 22.7x
Price/Sales 3.1x
Price/Book 1.1x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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