Auburn National Bancorporation Q1 EPS rises 43%, net interest income up 10%

Auburn National Bancorporation

28/04/2026 13:16

Corrects credit loss provision figure to -$76,000, from $6.8 mln, in Key Details table

Overview

U.S. regional bank's Q1 EPS rose 43% yr/yr, net interest income up 10%

Company attributed growth to higher net interest margin and mortgage lending income

Nonperforming assets declined to 0.01% of total assets, expenses largely unchanged

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

NET INTEREST INCOME - Co said growth in net interest income was due to higher average interest-earning assets and improved net interest margin

MORTGAGE LENDING INCOME - Co said noninterest income rose mainly due to higher mortgage lending income

CREDIT LOSS PROVISION - Co said negative provision for credit losses was driven by refinements in its expected credit loss calculation, including a new municipal loan segment with lower expected credit costs

Company press release: ID:nGNX5ywpRG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.63
Q1 Net Income
$2.2 mln
Q1 Net Interest Income
 (tax-equivalent)
$7.8 mln
Q1 Credit Loss Provision
-$76,000
Q1 Net Interest Margin
3.28%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)