Auburn National Bancorp Q2 net earnings $1.7M ($0.50); loans up 12% YoY

AUBURN NATIONAL BANCORPORATION, INC

Net earnings $1.7M, $0.50 EPS vs $0.39 Q1 2024 and $0.55 Q2 2023; total revenue up 1%.
Net interest margin (tax-equivalent) improved to 3.06% from 3.04% Q1 and 3.03% Q2 2023.
Average loans grew 9% annualized from Q1; period-end loans $578.1M, up 12% YoY.
Nonperforming assets were 0.08% of total assets; negative provision for credit losses of $0.1M.
Noninterest expense decreased 3% QoQ and 5% YoY; cash dividends $0.27 per share.

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