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Auburn National Bancorp Inc. - AUBN STOCK NEWS

Welcome to our dedicated news page for Auburn National Bancorp (Ticker: AUBN), a resource for investors and traders seeking the latest updates and insights on Auburn National Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Auburn National Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Auburn National Bancorp's position in the market.

Rhea-AI Summary
Auburn National Bancorporation, Inc. (Nasdaq: AUBN) appoints Sandra J. Spencer and Michael A. Lawler to its Board of Directors. Ms. Spencer, a retired Auburn University Director, and Mr. Lawler, CEO of Fullsteam Holdings , bring valuable experience to the Company and the Bank.
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Auburn National Bancorporation, Inc. (AUBN) declared a first quarter $0.27 per share cash dividend on February 13, 2024. The dividend is payable on March 25, 2024, to shareholders of record as of March 8, 2024.
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0.34%
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Rhea-AI Summary
Auburn National Bancorporation (AUBN) reported a net loss of $4.0 million for the fourth quarter of 2023 due to the sale of $117.6 million of available-for-sale securities. The company used the proceeds to repay high-cost funding and sell high-cost deposits, resulting in an improved tangible common equity ratio. The company expects improved earnings in 2024 and estimates the earn-back period for the balance sheet repositioning to be approximately 2.3 years. Net interest income decreased by 19% compared to the previous year, and noninterest income was a loss of $5.4 million. However, the company's nonperforming assets decreased, and the allowance for credit losses increased due to the implementation of the CECL accounting standard. Total assets, loans, and deposits also saw changes, with the company's regulatory capital ratios remaining well above the minimum required amounts.
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Auburn National Bancorporation, Inc. (AUBN) Declares $0.27 Per Share Cash Dividend for Fourth Quarter 2023
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Rhea-AI Summary
Auburn National Bancorporation reports net earnings of $1.5 million for Q3 2023, a decrease from the previous quarter. Net interest income also declined, but the company experienced solid loan growth and strong asset quality. Total loans and deposits increased compared to the previous quarter.
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Auburn National Bancorp Inc.

Nasdaq:AUBN

AUBN Rankings

AUBN Stock Data

59.95M
1.58M
33.96%
8.67%
0.11%
Commercial Banking
Finance and Insurance
Link
United States
Auburn

About AUBN

auburn national bancorporation, inc. (nasdaq: aubn) is a bank holding company headquartered in auburn, alabama, with total assets of $790 million as of march 31, 2015. through our wholly-owned subsidiary, auburnbank, we offer a full range of banking services to commercial and retail customers. founded in 1907, the bank has operated continuously since it was established as the first financial institution in auburn, alabama. auburnbank is community oriented and focuses primarily on offering commercial and consumer loan and deposit services to individuals, and small and middle market businesses in east alabama, including lee county and surrounding areas. the bank has 10 offices and 14 atm locations throughout the communities we serve. for nine of the last ten years, american banker magazine (may 2015 issue) featured auburn national bancorporation, inc. as one of the "top 200 community banks"​ in the nation, based on average return on equity (“roe”) for a three-year period. equal housing l