earnings
confidence high
sentiment neutral
materiality 0.60
Auburn National Q3 EPS $0.57 vs $0.53 YoY; net interest income up 20%
AUBURN NATIONAL BANCORPORATION, INC
- Net earnings of $2.0M ($0.57 per share) vs $1.9M ($0.53) in Q3 2021; 9-month EPS $1.67 vs $1.74.
- Net interest income (tax-equivalent) $7.4M, +20% YoY; net interest margin 3.00% vs 2.51%.
- Total loans grew 8% vs June 30, 2022; provision for loan losses of $250K driven by loan growth.
- Dividend increased 2% to $0.265 per share; $0.5M in share repurchases during 2022.
- Equity fell to $59.8M from $103.7M at Dec 2021 due to $46.6M unrealized securities loss.