AUBURN NATIONAL BANCORPORATION, INC

Auburn National Bancorporation reported strong financial results for the second quarter and six months ended June 30, 2026. Net earnings increased to $2.298 million for the quarter and $4.496 million for the six months, with diluted EPS rising to $0.66 and $1.29, respectively. The company also recorded a negative provision for credit losses, indicating a release of reserves, and saw growth in total assets, deposits, and loans.

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.

Auburn National Bancorporation's Compensation Committee approved the grant of 4,475 Restricted Stock Units (RSUs) to its three named executive officers on June 5, 2026, under the Company's 2024 Equity and Incentive Compensation Plan. The RSUs will vest annually over three years, with 33% vesting on June 5, 2027, 33% on June 5, 2028, and 34% on June 5, 2029. The awards include dividend equivalents and may see accelerated vesting under specific conditions, such as death, disability, retirement, termination without cause, or a change in control, while also imposing restrictive covenants on the recipients.

Auburn National Bancorporation reported increased net earnings for the first quarter of 2026, reaching $2.2 million, or $0.63 per share, compared to $1.5 million, or $0.44 per share, in the prior year. Net interest income also rose to $7.7 million from $7.0 million. The company refined its loan portfolio segmentation to separately identify municipal loans, which contributed to a decrease in the total allowance for credit losses due to lower expected credit losses.

Auburn National Bancorporation, Inc. announced that its Board of Directors declared a second quarter cash dividend of $0.27 per share. This dividend is payable on June 25, 2026, to shareholders of record as of June 10, 2026. The company, parent of AuburnBank, has total assets of approximately $1 billion and operates in East Alabama.

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.