Auburn National Bancorporation, Inc. Reports Fourth Quarter and Full Year Results
Rhea-AI Summary
Auburn National Bancorporation (Nasdaq: AUBN) reported net income of $1.7M (Q4 2025) and full‑year net earnings of $7.3M, $2.08 per share, up from $6.4M, $1.83 per share in 2024. Full year highlights include EPS +14%, total revenue up $2.2M (7%), and a record full‑year net interest income of $29.7M. Net interest margin (tax‑equivalent) improved to 3.27% for the year. Provision for credit losses increased, largely due to two borrowing relationships; allowance for credit losses was $7.2M (1.27% of loans) at 12/31/2025. Total assets were $1.0B, deposits $922.0M, and book value per share was $26.35. Regulatory capital remained well above "well capitalized" levels.
Positive
- Full‑year EPS increased 14% to $2.08 per share
- Record full‑year net interest income of $29.7M
- Net interest margin improved 21 basis points to 3.27% for 2025
- Book value per share rose to $26.35 at 12/31/2025
Negative
- Provision for credit losses increased by $0.6M for 2025, driven by two loan relationships
- Fourth‑quarter provision for credit losses was $783K and net charge‑offs were $304K (annualized 0.22% of average loans)
News Market Reaction – AUBN
In the Jan 27 session, AUBN gained 3.67%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Dividend declaration | Positive | -0.4% | Quarterly cash dividend of $0.27 per share announced. |
| Oct 23 | Earnings report | Positive | -2.5% | Q3 2025 earnings growth with higher net interest income and margin. |
| Oct 06 | Board change | Neutral | -3.8% | Election of new director with extensive audit and regulatory background. |
| Aug 12 | Dividend declaration | Positive | +0.1% | Third quarter dividend of $0.27 per share declared. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent earnings and dividend announcements often coincided with modest negative price reactions despite neutral-to-positive news.
Over the past few months, AUBN has reported steady financial progress, including Q3 2025 net earnings of $2.2M or $0.64 per share and tangible common equity of 8.86% as of Sep 30, 2025. Dividend declarations of $0.27 per share in August and November 2025 saw slight price declines. A new director was elected in October 2025 with another small negative move. Today’s full-year and Q4 2025 results extend this sequence of fundamentally constructive updates paired with cautious price responses.
Key Terms
net interest margin financial
provision for credit losses financial
nonperforming assets financial
net charge-offs financial
allowance for credit losses financial
tangible common equity financial
available-for-sale financial
New Markets Tax Credits financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Full Year 2025 Highlights:
- Earnings per share increased
14% - Total revenue increased
$2.2 million , or7% - Net interest margin (tax-equivalent) improved 21 basis points to
3.27% - Provision for credit losses increased
$0.6 million - Noninterest expense increased
3.5% - Nonperforming assets were
$0.5 million or0.05% of total assets at December 31, 2025
AUBURN, Ala., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Auburn National Bancorporation (Nasdaq: AUBN) reported net income of
“Our fourth quarter and full year earnings reflect solid growth in our net interest income and margin, including record full year net interest income of
Net interest income (tax-equivalent) was
Net interest margin (tax-equivalent) was
Nonperforming assets were
The Company recorded a provision for credit losses of
At December 31, 2025, the Company’s allowance for credit losses was
Noninterest income was
Noninterest expense was
The provision for income tax expense was
The effective tax rate for the fourth quarter of 2025 was
Total assets were
At December 31, 2025, the Company’s consolidated stockholders’ equity (book value) was
The Company’s tangible common equity (“TCE”) ratio or total equity to total assets ratio was
The Company paid cash dividends of
About Auburn National Bancorporation, Inc.
Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately
Cautionary Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements with respect to our objectives, expectations, anticipations, estimates and intentions and all statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “designed,” “plan,” “point to,” “project,” “could,” “intend,” “target,” “seek” and other similar words and expressions of the future. Forward looking statements, include, without limitation, statements about future financial and operating results, costs and revenues, government policies and changes in policies, including Federal Reserve monetary and regulatory actions. Forward looking statements also include statements about economic conditions generally in our markets and which may affect us, loan demand, mortgage lending activity, changes in the mix of our earning assets (including those generating tax exempt income or tax credits) and our mix and cost of deposits and wholesale liabilities, net interest income and margin, yields on earning assets, the market values and performance of securities held, effects of inflation and employment, including Federal Reserve monetary policies.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, achievements and/or financial condition of the Company or the Bank to be materially different from future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. Forward looking statements may not be realized due to numerous factors, including, without limitation, changes in employment levels, actual and expected changes in interest rates and interest rate expectations (generally and those applicable to our assets and liabilities) and the shape of the yield curve, and related changes in our asset values, especially investment securities, noninterest income, loan performance, loan deferrals and modifications, nonperforming assets, other real estate owned, provision for credit losses, including possible adjustments to the fair values of securities available for sale, charge-offs, collateral values, credit quality, asset sales, insurance claims, and market trends. You should not expect us to update any forward-looking statements.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those described in the “Cautionary Note Regarding Forward-Looking Statements” and the risks and uncertainties described under “Risk Factors” and elsewhere in our annual report on Form 10-K for the year ended December 31, 2024 and otherwise in our other SEC reports and filings.
Explanation of Certain Unaudited Non-GAAP Financial Measures
This press release contains financial information determined by methods other than U.S. generally accepted accounting principles (“GAAP”). The attached financial highlights include certain designated net interest income amounts presented on a tax-equivalent basis, a non-GAAP financial measure, and the presentation and calculation of the efficiency ratio, a non-GAAP measure. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes the presentation of net interest income on a tax-equivalent basis provides comparability of net interest income from both taxable and tax-exempt sources and facilitates comparability within the industry. Similarly, the efficiency ratio is a common measure that facilitates comparability with other financial institutions. Although the Company believes these non-GAAP financial measures enhance investors’ understanding of its business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. Along with the attached financial highlights, the Company provides reconciliations between the GAAP financial measures and these non-GAAP financial measures.
| Financial Highlights (unaudited) | |||||||||||||||||||||||||
| Quarter ended | Year ended December 31, | ||||||||||||||||||||||||
| (Dollars in thousands, except per share amounts) | December 31, 2025 | September 30, 2025 | December 31, 2024 | 2025 | 2024 | ||||||||||||||||||||
| Results of Operations | |||||||||||||||||||||||||
| Net interest income (a) | $ | 7,732 | $ | 7,590 | $ | 6,988 | $ | 29,747 | $ | 27,204 | |||||||||||||||
| Less: tax-equivalent adjustment | 19 | 18 | 19 | 73 | 79 | ||||||||||||||||||||
| Net interest income (GAAP) | 7,713 | 7,572 | 6,969 | 29,674 | 27,125 | ||||||||||||||||||||
| Noninterest income | 754 | 829 | 845 | 3,119 | 3,474 | ||||||||||||||||||||
| Total revenue | 8,467 | 8,401 | 7,814 | 32,793 | 30,599 | ||||||||||||||||||||
| Provision for credit losses | 783 | (255 | ) | (48 | ) | 631 | 36 | ||||||||||||||||||
| Noninterest expense | 5,563 | 5,806 | 5,472 | 22,951 | 22,166 | ||||||||||||||||||||
| Income tax expense | 456 | 623 | 830 | 1,956 | 2,000 | ||||||||||||||||||||
| Net earnings | $ | 1,665 | $ | 2,227 | $ | 1,560 | $ | 7,255 | $ | 6,397 | |||||||||||||||
| Per share data: | |||||||||||||||||||||||||
| Basic and diluted net earnings: | $ | 0.48 | $ | 0.64 | $ | 0.45 | $ | 2.08 | $ | 1.83 | |||||||||||||||
| Cash dividends declared | $ | 0.27 | $ | 0.27 | $ | 0.27 | $ | 1.08 | $ | 1.08 | |||||||||||||||
| Weighted average shares outstanding: | |||||||||||||||||||||||||
| Basic | 3,493,699 | 3,493,699 | 3,493,699 | 3,493,699 | 3,493,690 | ||||||||||||||||||||
| Diluted | 3,496,729 | 3,495,972 | 3,493,699 | 3,495,036 | 3,493,690 | ||||||||||||||||||||
| Shares outstanding, at period end | 3,493,699 | 3,493,699 | 3,493,699 | 3,493,699 | 3,493,699 | ||||||||||||||||||||
| Book value | $ | 26.35 | $ | 25.65 | $ | 22.41 | $ | 26.35 | $ | 22.41 | |||||||||||||||
| Common stock price: | |||||||||||||||||||||||||
| High | $ | 27.98 | $ | 28.47 | $ | 24.57 | $ | 28.47 | $ | 24.57 | |||||||||||||||
| Low | 24.00 | 23.13 | 20.06 | 19.48 | 16.63 | ||||||||||||||||||||
| Period-end | $ | 26.95 | $ | 28.44 | $ | 23.49 | $ | 26.95 | $ | 23.49 | |||||||||||||||
| To earnings ratio (c) | 12.96 | x | 13.87 | x | 12.77 | x | 12.96 | x | 12.84 | x | |||||||||||||||
| To book value | 102 | % | 111 | % | 105 | % | 102 | % | 105 | % | |||||||||||||||
| Performance ratios: | |||||||||||||||||||||||||
| Return on average equity (annualized): | 7.40 | % | 10.65 | % | 7.49 | % | 8.61 | % | 8.21 | % | |||||||||||||||
| Return on average assets (annualized): | 0.66 | % | 0.89 | % | 0.63 | % | 0.73 | % | 0.65 | % | |||||||||||||||
| Dividend payout ratio | 56.25 | % | 42.19 | % | 60.00 | % | 51.92 | % | 59.02 | % | |||||||||||||||
| Other financial data: | |||||||||||||||||||||||||
| Net interest margin (a) | 3.32 | % | 3.30 | % | 3.09 | % | 3.27 | % | 3.06 | % | |||||||||||||||
| Effective income tax rate | 21.50 | % | 21.86 | % | 34.73 | % | 21.24 | % | 23.82 | % | |||||||||||||||
| Efficiency ratio (b) | 65.56 | % | 68.96 | % | 69.86 | % | 69.83 | % | 72.25 | % | |||||||||||||||
| Asset Quality: | |||||||||||||||||||||||||
| Nonperforming assets: | |||||||||||||||||||||||||
| Nonperforming (nonaccrual) loans | $ | 482 | $ | 104 | $ | 503 | $ | 482 | $ | 503 | |||||||||||||||
| Total nonperforming assets | $ | 482 | $ | 104 | $ | 503 | $ | 482 | $ | 503 | |||||||||||||||
| Net charge-offs (recoveries) | $ | 304 | $ | 78 | $ | (16 | ) | $ | 398 | $ | (14 | ) | |||||||||||||
| Allowance for credit losses as a % of: | |||||||||||||||||||||||||
| Loans | 1.27 | % | 1.20 | % | 1.22 | % | 1.27 | % | 1.22 | % | |||||||||||||||
| Nonperforming loans | 1,489 | % | 6,434 | % | 1,366 | % | 1,489 | % | 1,366 | % | |||||||||||||||
| Nonperforming assets as a % of: | |||||||||||||||||||||||||
| Loans and other real estate owned | 0.09 | % | 0.02 | % | 0.09 | % | 0.09 | % | 0.09 | % | |||||||||||||||
| Total assets | 0.05 | % | 0.01 | % | 0.05 | % | 0.05 | % | 0.05 | % | |||||||||||||||
| Nonperforming loans as a % of total loans | 0.09 | % | 0.02 | % | 0.09 | % | 0.09 | % | 0.09 | % | |||||||||||||||
| Net charge-offs (recoveries) | |||||||||||||||||||||||||
| as a % of average loans (annualized) | 0.22 | % | 0.06 | % | (0.01 | ) | % | 0.07 | % | — | % | ||||||||||||||
| Selected average balances: | |||||||||||||||||||||||||
| Securities | $ | 234,018 | $ | 237,161 | $ | 255,168 | $ | 237,966 | $ | 258,155 | |||||||||||||||
| Loans, net of unearned income | 559,008 | 556,233 | 567,634 | 560,243 | 568,378 | ||||||||||||||||||||
| Total assets | 1,009,953 | 997,892 | 991,275 | 996,477 | 982,268 | ||||||||||||||||||||
| Total deposits | 917,178 | 909,293 | 904,605 | 909,644 | 902,429 | ||||||||||||||||||||
| Total stockholders' equity | 90,000 | 83,642 | 83,325 | 84,227 | 77,921 | ||||||||||||||||||||
| Selected period end balances: | |||||||||||||||||||||||||
| Securities | $ | 233,259 | $ | 236,420 | $ | 243,012 | $ | 233,259 | $ | 243,012 | |||||||||||||||
| Loans, net of unearned income | 565,354 | 557,912 | 564,017 | 565,354 | 564,017 | ||||||||||||||||||||
| Allowance for credit losses | 7,176 | 6,691 | 6,871 | 7,176 | 6,871 | ||||||||||||||||||||
| Total assets | 1,018,797 | 1,011,184 | 977,324 | 1,018,797 | 977,324 | ||||||||||||||||||||
| Total deposits | 922,926 | 917,266 | 895,824 | 922,926 | 895,824 | ||||||||||||||||||||
| Total stockholders' equity | 92,053 | 89,613 | 78,292 | 92,053 | 78,292 | ||||||||||||||||||||
| (a) Tax equivalent. See “Explanation of Certain Unaudited Non-GAAP Financial Measures” above and “Reconciliation of GAAP to non-GAAP Measures (unaudited)” below. | |||||||||||||||||||||||||
| (b) Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent net interest income. See "Explanation of Certain Unaudited Non-GAAP Financial Measures" above. | |||||||||||||||||||||||||
| (c) Calculated by dividing period end share price by earnings per share for the previous four quarters. | |||||||||||||||||||||||||
| Reconciliation of GAAP to non-GAAP Measures (unaudited): | ||||||||||||||||||||
| Quarter ended | Year ended December 31, | |||||||||||||||||||
| (Dollars in thousands, except per share amounts) | December 31, 2025 | September 30, 2025 | December 31, 2024 | 2025 | 2024 | |||||||||||||||
| Net interest income, as reported (GAAP) | $ | 7,713 | $ | 7,572 | $ | 6,969 | $ | 29,674 | $ | 27,125 | ||||||||||
| Tax-equivalent adjustment | 19 | 18 | 19 | 73 | 79 | |||||||||||||||
| Net interest income (tax-equivalent) | $ | 7,732 | $ | 7,590 | $ | 6,988 | $ | 29,747 | $ | 27,204 | ||||||||||
For additional information, contact:
David A. Hedges
President and CEO
(334) 821-9200
