Auburn National Bancorporation Posts 27% EPS Growth in Q2 2026

summarizeSummary

Auburn National Bancorporation reported Q2 2026 EPS of $0.66, a 27% increase from the prior year, driven by an 8% rise in net interest income and a negative provision for credit losses. Asset quality remains exceptional with nonperforming assets at just 0.01% of total assets.

check_boxKey Events · Earnings and Guidance · AUBN

• Earnings Per Share Up 27%

  Q2 2026 EPS of $0.66, compared to $0.52 in Q2 2025, driven by higher net interest income and a negative provision for credit losses.

• Net Interest Margin Expands

  Tax-equivalent net interest margin increased 15 basis points to 3.33%, reflecting higher yields on earning assets and a more favorable asset mix.

• Negative Provision for Credit Losses

  The company recorded a negative provision of $248 thousand in Q2 2026, compared to a $113 thousand charge in Q2 2025, due to net recoveries and a refined CECL model.

• Asset Quality Remains Pristine

  Nonperforming assets fell to $64 thousand, or 0.01% of total assets, with net recoveries of $21 thousand during the quarter.

auto_awesomeAnalysis · AUBN · Finance

A strong second quarter saw earnings per share climb 27% year-over-year to $0.66. The net interest margin widened 15 basis points to 3.33%, helped by higher asset yields and an improved mix. Asset quality strengthened further—nonperforming assets shrank to just 0.01% of total assets—and a negative provision for credit losses of $248 thousand reflected net recoveries alongside a refined CECL model. Total assets grew to $1.1 billion, while book value per share advanced to $26.91. Together, these results highlight improving profitability and pristine credit quality in a challenging rate environment.