Auburn National Q2 EPS $0.55, revenue +6%; net interest margin 3.03%

AUBURN NATIONAL BANCORPORATION, INC

Net earnings $1.9M ($0.55 diluted EPS) vs $1.8M ($0.51) in Q2 2022; total revenue up 6%.
Net interest margin (tax-equivalent) 3.03% vs 2.60% YoY; cost of funds 93 bps vs 32 bps.
Negative provision for credit losses $0.4M on resolution of collateral-dependent nonperforming loan.
Average loans $512.1M, up 19% YoY; total deposits $950.7M flat; NPA ratio 0.11%.
Dividend raised to $0.27/share (2% increase); book value $20.28; no guidance change.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AUBURN NATIONAL BANCORPORATION, INC reported the second quarter of 2023 results: net income $1.9 million, EPS $0.55 per share.

Period: the second quarter of 2023
Net income: $1.9 million
EPS: $0.55 per share
Result: reported results

Exact text from the filing

Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.9 million, or $0.55 per share, for the second quarter of 2023, compared to $1.8 million, or $0.51 per share, for the second quarter of 2022.

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AUBURN NATIONAL BANCORPORATION, INC filing history →

Source: SEC EDGAR

accession 0001193125-23-192884

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