Auburn National Q3 EPS Rises 13% to $0.72 on Wider Net Interest Margin
AUBN sits 27% above its 52-week low of $21.01 on light trading volume (0.1× avg).
Summary
Q3 net earnings came in at $2.5M, or $0.72 a share, versus $2.2M and $0.64 a year earlier — a 13% EPS gain. The driver is margin: net interest margin widened to 3.36% from 3.21%, lifting tax-equivalent net interest income to $8.1M from $7.6M. The efficiency ratio improved to 64.8% and nonperforming assets sit at just 0.02% of assets, so credit costs are not eating into the gain. This extends the trend from Q2, when the bank posted $0.66 a share on margin expansion and a negative provision; the margin tailwind is now two quarters running. For a bank this small, the swing from $0.66 to $0.72 a quarter is meaningful to book value compounding, though the stock's thin liquidity limits how much repositioning the print can drive.
At the time of this announcement, AUBN was trading at $26.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $93M. The 52-week trading range was $21.01 to $28.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.