| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.15 | 0.0% | 0.0% |
| Total Income | 0.15 | 0.0% | 0.0% |
| Expenditure | -2.76 | 4.2% | 27.2% |
| PBT | 2.91 | 3.9% | 25.4% |
| Net Profit | 2.30 | 4.5% | 25.7% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.66 | 4.8% | 26.9% |
Auburn National Bancorporation, Inc. Reports Second Quarter Net Earnings
29 Jul 2026 · 29 Jul, 1:07 am
Summary
Auburn National Bancorporation, Inc. reported net earnings of $2.3 million, or $0.66 per share, for the second quarter of 2026, a notable increase from $1.8 million, or $0.52 per share, in the same period last year. The company saw strong revenue growth, with net interest income (tax-equivalent) rising 8% year-over-year to $8.0 million, supported by an improved net interest margin of 3.33%. Asset quality remained strong, with nonperforming assets decreasing to 0.01% of total assets, and the company recorded a negative provision for credit losses.
Key Highlights
- 1
Net earnings for the second quarter of 2026 were $2.3 million, or $0.66 per share, an increase from $1.8 million, or $0.52 per share, in the second quarter of 2025.
- 2
Net interest income (tax-equivalent) increased by 8% to $8.0 million in the second quarter of 2026 compared to $7.4 million in the second quarter of 2025.
- 3
The net interest margin (tax-equivalent) improved by 15 basis points to 3.33% in the second quarter of 2026, compared to 3.18% in the second quarter of 2025.
- 4
A negative provision for credit losses of $248 thousand was recorded in the second quarter of 2026, compared to a charge for provision for credit losses of $113 thousand in the second quarter of 2025.
- 5
Return on assets (annualized) improved to 0.90% in the second quarter of 2026, compared to 0.74% in the second quarter of 2025.
- 6
Nonperforming assets decreased to 0.01% of total assets at June 30, 2026, compared to 0.03% at June 30, 2025.
Management Comments
David A. Hedges
Our second quarter results reflect strong revenue growth, improved profitability, and continued expansion of our net interest margin. Earnings per share increased 27% compared to the second quarter of 2025, and our asset quality, capital, and liquidity remain strong.
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