Auburn National Bancorporation reports Q2 EPS 55c vs 51c last year

Reports Q2 revenue $7.679M vs $7.222M last year. “The Company’s second quarter 2023 results reflect strong revenue growth and the resolution of a nonperforming loan that resulted in a negative provision for credit losses,” said David Hedges, President and CEO. “Although we expect our net interest margin will continue to be pressured by increased deposit costs in the second half of 2023, we are encouraged by the economic strength of our local markets and continue to see opportunities for loan growth,” said Hedges.