The strong EPS beat (+43% YoY) and margin expansion signal improving core profitability for this small-cap bank. However, elevated charge-offs (0.28% annualized) warrant monitoring in the next quarter. The 12% annualized loan growth suggests accelerating organic expansion — watch for sustainability in Q2.
Price Chart
Executive Summary
Auburn National Bancorporation reported Q1 2026 net earnings of $2.2M ($0.63 per share), a 43% YoY increase from $0.44 in Q1 2025, driven by 10% net interest income growth and margin expansion to 3.28%. The strong operating performance was partially offset by elevated net charge-offs of $402K (0.28% of avg loans annualized) and a slight uptick in noninterest expense, but overall asset quality remains solid with nonperforming assets declining to just 0.01% of total assets.
Key Financial Metrics
Key Facts
- EPS of $0.63 increased 43% YoY from $0.44 in Q1 2025
- Net interest income (tax-equivalent) rose 10% YoY to $7.8M
- Net interest margin expanded 19 bps YoY to 3.28%
- Total revenue (GAAP net interest income + noninterest income) grew 10.7% YoY to $8.6M
- Nonperforming assets fell to $0.1M, or 0.01% of total assets, from $0.5M a year ago
- Net charge-offs increased to $402K (0.28% annualized) vs $64K (0.05%) in Q1 2025
- Annualized loan growth of 12% in Q1 2026
- Book value per share rose to $26.62 from $23.79 a year ago
- Dividend maintained at $0.27 per share
Financial Impact
Net earnings of $2.2M ($0.63/share) vs $1.5M ($0.44/share) in Q1 2025 — a 44% net income increase. Revenue (GAAP net interest income + noninterest income) rose to $8.6M from $7.8M.
Risk Factors
- Elevated net charge-offs ($402K) vs prior year ($64K) — credit quality deterioration risk
- Noninterest expense increased 3.5% QoQ to $5.9M, pressuring efficiency ratio
- Small market cap ($82M) and low liquidity could amplify stock moves on any negative surprise
- Concentration in East Alabama market exposes the bank to regional economic downturns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-184446 |
| Document: d845747d8k.htm | 0001193125-26-184446 |
| Document: 0001193125-26-184446-index-headers.html | 0001193125-26-184446 |
| Document: 0001193125-26-184446-index.html | 0001193125-26-184446 |
| Document: 0001193125-26-184446.txt | 0001193125-26-184446 |
| 8-K Data (Synthetic) | 0001193125-26-184446 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 5, 2026 20w ago | 8-K | $25.05 $26.50 | ▲ +5.79% | ▲ +2.74% | $26.68 (+6.51%) |
May 13, 2026 23w ago | 8-K | $23.73 $26.35 | ▲ +11.04% | ▲ +6.60% | $26.68 (+12.43%) |
May 12, 2026 23w ago | Press Release | $23.73 $26.35 | ▲ +11.04% | ▲ +6.60% | $26.68 (+12.43%) |
Apr 30, 2026 25w ago | Insider Cluster | $23.97 $26.30 | ▲ +9.72% | ▲ +6.61% | $26.68 (+11.31%) |
Apr 30, 2026 25w ago | Insider Cluster | $23.97 $26.30 | ▲ +9.72% | ▲ +6.61% | $26.68 (+11.31%) |
Apr 28, 2026 25w ago | 8-K | $23.51 $26.04 | ▲ +10.76% | ▲ +6.77% | $26.68 (+13.48%) |
Apr 28, 2026 25w ago | Press Release | $23.51 $26.04 | ▲ +10.76% | ▲ +6.77% | $26.68 (+13.48%) |
Apr 14, 2026 27w ago | Insider Cluster | $23.75 $27.01 | ▲ +13.73% | ▲ +5.20% | $26.68 (+12.34%) |
Apr 2, 2026 29w ago | DEFA14A | $23.19 $27.04 | ▲ +16.60% | ▲ +2.44% | $26.68 (+15.05%) |
Mar 17, 2026 31w ago | Press Release | $24.86 $24.38 | ▼ −1.93% | ▼ −13.46% | $26.68 (+7.32%) |
US Market Status
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