Overview

* Auburn National Q2 EPS rises 18% qtr/qtr, driven by improved net interest margin

* Net interest income grows 4% qtr/qtr, reflecting strong credit quality

* Nonperforming assets at 0.03% of total assets, indicating strong credit quality

Outlook

* Company optimistic about future net interest margin improvements

* Auburn National sees strong capital and liquidity position

Result Drivers

* NET INTEREST MARGIN - Improvement driven by decreased costs of interest-bearing deposits and better yields on interest-earning assets

* CREDIT QUALITY - Strong credit quality reflected in low nonperforming assets ratio

* NONINTEREST EXPENSE - Decrease primarily related to lower net occupancy and other noninterest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.52

Q2 Net $1.80

Income mln

Q2 Net $7.40

Interest mln

Income

Q2 -$7 mln

Credit

Loss

Provisio

n

Q2 Net 3.3%

Interest

Margin

Press Release:

(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.)