Quarterly ResultApr 28, 2026, 10:06 AM
AUBN Q1 Net Earnings $2.2M, EPS $0.63 (+43%); NIM 3.28%
AI Summary
Auburn National Bancorporation, Inc. reported strong first-quarter 2026 net earnings of $2.2 million, or $0.63 per share, a 43% increase from Q1 2025. Net interest income grew 10% to $7.8 million, and the net interest margin improved to 3.28%. The company also saw a 12% annualized loan growth and a significant decrease in nonperforming assets to 0.01% of total assets, while noninterest expenses remained largely unchanged.
Key Highlights
- Net earnings increased 47% to $2.2 million in Q1 2026 from $1.5 million in Q1 2025.
- Earnings per share rose 43% to $0.63 in Q1 2026 from $0.44 in Q1 2025.
- Net interest income increased 10% to $7.8 million in Q1 2026.
- Net interest margin (tax-equivalent) increased 19 bps to 3.28% in Q1 2026.
- Nonperforming assets decreased to 0.01% of total assets at March 31, 2026.
- Annualized loan growth was 12% in Q1 2026.
- Return on assets (annualized) improved to 0.86% in Q1 2026.
- Paid cash dividends of $0.27 per share in Q1 2026.