| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.15 | 6.3% |
| Total Income | 0.15 | 6.3% |
| Expenditure | -2.65 | 49.7% |
| PBT | 2.80 | 45.8% |
| Net Profit | 2.20 | 43.8% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.63 | 43.2% |
Auburn National Bancorporation Reports Q1 2026 Net Earnings
03 May 2026 · 3 May, 6:28 pm
Summary
Auburn National Bancorporation, Inc. reported net earnings of $2.2 million, or $0.63 per share, for the first quarter of 2026, compared to $1.5 million, or $0.44 per share, for the first quarter of 2025. Net interest income (tax-equivalent) was $7.8 million in the first quarter of 2026, compared to $7.1 million in the first quarter of 2025. Net interest margin (tax-equivalent) was 3.28% in the first quarter of 2026, compared to 3.09% in the first quarter of 2025. Average loans were approximately $577.5 million in the first quarter of 2026, compared to $566.1 million in the first quarter of 2025.
Key Highlights
- 1
Earnings per share increased 43% in the first quarter of 2026.
- 2
Net interest income increased 10% in the first quarter of 2026.
- 3
Net interest margin (tax-equivalent) increased 19 basis points to 3.28% in the first quarter of 2026.
- 4
Return on assets (annualized) improved to 0.86% in the first quarter of 2026, compared to 0.62% in 1Q 2025.
- 5
Nonperforming assets decreased to 0.01% of total assets in the first quarter of 2026.
Management Comments
David A. Hedges
“Our first quarter results reflect strong revenue growth as net interest income and mortgage lending income both improved,” said David A. Hedges, President and CEO. “Although net charge-offs increased during the quarter, primarily due to one nonperforming loan that was fully charged-off, our asset quality, capital, and liquidity remain strong and we’re encouraged to report first quarter annualized loan growth of 12%,” continued Mr. Hedges.
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