Quarterly ResultJul 28, 2026, 03:37 PM
Auburn National Bancorporation Q2 EPS up 27% to $0.66
AI Summary
Auburn National Bancorporation, Inc. reported strong second quarter 2026 financial results, with net earnings increasing to $2.3 million, or $0.66 per diluted share, compared to $1.8 million, or $0.52 per diluted share, in the second quarter of 2025. The company saw an 8% rise in net interest income and an improved net interest margin of 3.33%. Asset quality remained strong, with nonperforming assets decreasing to 0.01% of total assets, and a negative provision for credit losses was recorded.
Key Highlights
- Net earnings for Q2 2026 were $2.3 million, up from $1.8 million in Q2 2025.
- Diluted EPS increased 27% to $0.66 in Q2 2026 from $0.52 in Q2 2025.
- Net interest income (tax-equivalent) rose 8% to $8.0 million in Q2 2026.
- Net interest margin (tax-equivalent) improved to 3.33% from 3.18% YoY.
- Negative provision for credit losses of $(248) thousand in Q2 2026.
- Nonperforming assets decreased to 0.01% of total assets at June 30, 2026.
- Total assets reached $1.1 billion at June 30, 2026.
- Total deposits were $988.3 million at June 30, 2026.
Price Impact
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