Auburn National Bancorporation (AUBN) investor relations material

Executive summary

• Net earnings for Q1 2026 were $2.2 million ($0.63 per share), 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 rose 10% year-over-year to $7.8 million, with net interest margin increasing 19 basis points to 3.28%.

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

• Noninterest expense remained stable year-over-year at $5.9 million.

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

Financial highlights

• Return on assets (annualized) improved to 0.86% from 0.62% in Q1 2025.

• Return on average equity (annualized) was 9.65%, up from 7.83% in Q1 2025.

• Efficiency ratio improved to 67.63% from 74.82% in Q1 2025.

• Allowance for credit losses was $6.8 million (1.16% of total loans), down from $7.2 million (1.27%) in Q4 2025.

• Equity-to-assets ratio increased to 9.06% from 8.34% a year ago.

Outlook and guidance

• Management expects continued strong capital and liquidity positions.

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