Auburn National Bancorporation (AUBN) investor relations material

Executive summary

• Net earnings for Q1 2026 were $2.2 million ($0.63 per share), a 44% increase year-over-year, up from $1.5 million ($0.44 per share) in Q1 2025 and $1.7 million ($0.48 per share) in Q4 2025.

• Net interest income (tax-equivalent) rose 10% year-over-year to $7.8 million, driven by higher average interest-earning assets and improved net interest margin.

• Noninterest income increased to $0.9 million, primarily due to higher mortgage lending income.

• Noninterest expense remained stable at $5.9 million year-over-year, with offsetting changes in occupancy and professional fees.

• Asset quality improved, with nonperforming assets dropping to 0.01% of total assets.

Financial highlights

• Net interest margin (tax-equivalent) improved to 3.28% from 3.09% year-over-year.

• Average loans grew to $577.5 million from $566.1 million year-over-year.

• Allowance for credit losses was $6.8 million (1.16% of loans), down from $7.2 million (1.27%) at year-end 2025.

• Total assets reached $1.03 billion, and total deposits were $931.1 million at March 31, 2026.

• Book value per share increased to $26.62.

Outlook and guidance

• Management expects continued strong capital and liquidity positions, with asset/liability management strategies in place to address interest rate risk.

• Forward-looking statements caution about risks from interest rates, inflation, economic conditions, and regulatory changes.

• Liquidity and capital positions are considered strong, with regulatory ratios well above required minimums.