Welcome to our dedicated page for Auburn National news (Ticker: AUBN), a resource for investors and traders seeking the latest updates and insights on Auburn National stock.
Auburn National Bancorporation, Inc. (AUBN), a community-focused bank serving East Alabama since 1907, maintains this dedicated news hub for investors and stakeholders. Track all official corporate developments through verified press releases and financial updates covering earnings reports, leadership changes, operational milestones, and regulatory filings.
This centralized resource provides timely access to AUBN's strategic initiatives in commercial lending, digital banking advancements, and community reinvestment programs. Users will find updates on dividend declarations, asset management strategies, and market position developments within Alabama's competitive banking sector.
Key content categories include quarterly financial results, merger/acquisition activity, board appointments, and service expansions. All materials are sourced directly from the company to ensure accuracy and compliance with financial disclosure standards.
For ongoing monitoring of this NASDAQ-listed community bank, bookmark this page or check regularly for new filings. Combine these primary sources with Stock Titan's analysis tools for comprehensive investment research.
Auburn National Bancorporation (Nasdaq: AUBN) reported record net earnings of $4.5 million, or $1.27 per share, for Q4 2022, showcasing a significant growth from $1.9 million, or $0.53 per share, in Q4 2021. Total revenue surged by 62% to $11.2 million, primarily driven by a $3.2 million gain from selling land, with net interest income increasing 23% to $7.6 million. However, nonperforming assets rose to $2.7 million (0.27% of total assets), reflecting a downgrade of a key borrowing relationship. The company’s tax rate also jumped to 24.56% due to higher pre-tax earnings. Despite challenges, AUBN stated confidence in maintaining long-term shareholder value.
Auburn National Bancorporation (AUBN) announced a quarterly cash dividend of $0.265 per share on November 8, 2022. The dividend is payable on December 27, 2022, to shareholders of record as of December 9, 2022.
The company, with total assets of approximately $1.0 billion, operates AuburnBank, which has been serving East Alabama since 1907. AuburnBank has eight branches in Auburn, Opelika, Valley, and Notasulga, and a loan production office in Phenix City.
Auburn National Bancorporation (AUBN) announced leadership changes, effective January 1, 2023. Bob Dumas will retire as President and CEO on December 31, 2022, after 39 years with the company, but will continue as Chairman of the Board. David Hedges, the current EVP and CFO, will succeed Dumas as CEO, while James Walker will assume the role of CFO. The transition reflects a well-planned succession strategy, emphasizing stability and continued growth in East Alabama's banking sector. The company holds approximately $1.0 billion in consolidated assets.
Auburn National Bancorporation reported Q3 2022 net earnings of $2.0 million ($0.57/share), up from $1.9 million ($0.53/share) in Q3 2021. Total revenue rose 15% due to a 20% increase in net interest income, driven by improved loan growth of 8% compared to Q2 2022. Noninterest income fell to $0.9 million, down from $1.0 million. The company recorded a provision for loan losses of $0.3 million. Stockholders’ equity declined to $59.8 million from $103.7 million at year-end 2021 due to unrealized losses on securities. Dividends increased 2% to $0.265 per share.
Auburn National Bancorporation (AUBN) has declared a cash dividend of $0.265 per share for the third quarter, payable on September 26, 2022, to shareholders of record as of September 9, 2022. The company, headquartered in Auburn, Alabama, operates AuburnBank, which has been in service since 1907 and holds approximately $1.1 billion in total assets. AuburnBank serves East Alabama and operates eight branches in various locations including Auburn and Opelika.
Auburn National Bancorporation (AUBN) reported a 2% increase in total revenue for Q2 2022, totaling $6.5 million in net interest income, a 6% rise from Q2 2021. Net earnings were $1.8 million or $0.51 per share, down from $2.3 million or $0.65 per share in Q2 2021. Total loans increased by $12.5 million (12% linked-quarter annualized). The allowance for loan losses was $4.7 million, with no provision for loan losses this quarter, contrasting with a negative provision of $600 thousand in Q2 2021.
Auburn National Bancorporation (AUBN) has declared a second quarter cash dividend of $0.265 per share, to be paid on June 24, 2022 to shareholders on record as of June 10, 2022. The company, headquartered in Auburn, Alabama, has total assets of approximately $1.1 billion and operates its banking services primarily in East Alabama. AuburnBank has a legacy dating back to 1907 and supports the local community with its eight branches.
Auburn National Bancorporation (AUBN) reported earnings of $2.1 million, or $0.59 per share, for Q1 2022, reflecting a 5% increase from Q1 2021. Net interest income rose 2% to $6.2 million, but total revenue declined about 2% due to a 54% drop in mortgage lending income. A negative provision for loan losses of $250,000 was recorded, contrasting with none a year earlier. Total loans decreased by $29.9 million or 7%. The net interest margin fell to 2.43%, down from 2.66% in the prior year, while dividends per share increased by 2% to $0.265.
Auburn National Bancorporation (NASDAQ: AUBN) has approved a new stock repurchase program totaling $5 million to buy back its common stock. This program replaces the previous one that expired on March 31, 2022, and is set to run until April 15, 2024. The company plans to use various methods for repurchases, including open-market transactions. The timing and amount will depend on management's evaluation of the company's liquidity and stock value.
The Board of Directors of Auburn National Bancorporation has declared a cash dividend of $0.265 per share for the first quarter of 2022, payable on March 25, 2022, to shareholders of record as of March 10, 2022. This dividend reflects a 2% increase over the previous year, marking the 21st consecutive year of dividend growth. Auburn National Bancorporation, the parent of AuburnBank, boasts total assets of approximately $1.1 billion and operates in East Alabama, reinforcing its commitment to shareholder returns.
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