10-Q · May 13, 2026
Auburn National Bancorporation reported Q1 2026 net earnings of $2.198 million, achieving a diluted EPS of $0.63, which was a strong 44% increase year-over-year. Total revenue for the quarter was $8.626 million,…
Earnings analysis · 10-Q
AUBN earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
Auburn National delivered improving Q2 results, with revenue up 7.8% year over year to $8.766 million, diluted EPS up 26.9% to $0.66 and net interest margin expanding to 3.33%. Loan and deposit growth supported…
Read full summary
Auburn National delivered improving Q2 results, with revenue up 7.8% year over year to $8.766 million, diluted EPS up 26.9% to $0.66 and net interest margin expanding to 3.33%. Loan and deposit growth supported earnings, while nonperforming assets declined to $0.1 million and liquidity remained strong with no borrowings outstanding. Offsetting concerns include a $0.4 million mortgage-lien loss contingency, higher first-half net charge-offs of $380 thousand and continued exposure to interest-rate, securities-valuation and geopolitical risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.66
What stood out
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Revenue increased sequentially and year over year
Total revenue was $8.766 million, up from $8.626 million in Q1 2026 and $8.133 million in Q2 2025, representing sequential growth of approximately 1.6% and year-over-year growth of approximately 7.8%.
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EPS rose 27% year over year
Diluted EPS was $0.66 versus $0.63 in Q1 2026 and $0.52 in Q2 2025, up approximately 4.8% sequentially and 26.9% year over year.
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Net interest margin expanded
Tax-equivalent net interest income increased to $7.995 million from $7.411 million year over year, while net interest margin expanded to 3.33% from 3.18%. Management attributed the improvement to higher asset yields, a more favorable asset mix and lower deposit costs.
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Loan balances continued to grow
Total loans increased to $579.9 million at June 30, 2026 from $565.3 million at December 31, 2025. Commercial real estate was the largest category at $333.5 million, or 58% of total loans.
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Credit metrics remained favorable
The company recorded a negative credit-loss provision of $248 thousand in Q2 2026 versus a $113 thousand provision in Q2 2025. Nonperforming assets declined to $0.1 million from $0.5 million at December 31, 2025.
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Deposits and liquidity strengthened
Deposits increased to $988.3 million from $922.9 million at December 31, 2025, primarily due to reciprocal customer deposits and money-market growth. Available liquidity included $307.9 million of FHLB credit and $73.2 million of federal-funds lines, with no borrowings outstanding.
What to watch
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Mortgage lien loss contingency
Noninterest expense increased to $6.105 million from $5.702 million year over year, driven primarily by a $0.4 million loss-contingency accrual related to the release of a mortgage lien. The company has submitted an insurance claim, but recognized no recovery in Q2 2026.
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Allowance declined amid higher charge-offs
The allowance for credit losses declined to $6.6 million, or 1.14% of loans, from $7.2 million, or 1.27%, at December 31, 2025, partly due to a new municipal-loan CECL segment. Net charge-offs were $380 thousand in the first six months of 2026 versus $16 thousand in the prior-year period.
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Securities losses pressure equity
Available-for-sale securities fell to $220.7 million from $233.3 million at December 31, 2025, while the company recorded a $0.6 million after-tax other comprehensive loss from increased unrealized securities losses. Management noted that higher rates can adversely affect stockholders’ equity and tangible equity.
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Balance-sheet growth diluted capital ratio
The equity-to-assets ratio declined to 8.65% from 9.04% at December 31, 2025, primarily because reciprocal deposits were retained on balance sheet. Estimated uninsured deposits remained $380.4 million, or 38% of total deposits.
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Interest-rate and deposit-cost risk
Management said interest rates, inflation and monetary policy may remain challenging in 2026; the Federal Reserve target range was 3.50% to 3.75% on July 29, 2026. Deposit pricing competition could pressure net interest margin before earning assets reprice.
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Geopolitical and energy-supply risk
The updated risk-factor discussion identifies military hostilities involving the United States, Israel and Iran beginning February 28, 2026, and oil-shipment disruptions that could raise costs, inflation and rates. The filing states these pressures could adversely affect net interest margin, securities values and borrowers’ repayment ability.
Management's outlook
No quantitative revenue or EPS guidance was provided. Management stated that interest rates, inflation and monetary policy may continue to fluctuate in 2026 and that managing deposit costs until assets reprice will be important to net interest margin during the remainder of 2026.
Earlier filings 4
10-K · March 17, 2026
Auburn National presents a community-bank strategy focused on local customer relationships, branch presence (main + 7 branches) and mortgage/commercial lending in the Auburn-Opelika MSA. Financials show stable top-line…
10-Q · May 2, 2025
Auburn National reported quarter-ended March 31, 2025 net earnings of $1,530,000 (EPS $0.44) on total operating revenue of $7,792,000, up versus the year-ago quarter. Net interest income strengthened to $7,045,000 while…
10-Q · November 1, 2024
Auburn National Bancorporation reported Q3 2024 results showing revenue growth to $11 million, a 10% increase from the previous quarter and a 10% increase year-over-year. EPS remained stable at $0.50, matching the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.