Auburn National Stock Price, News & Analysis

Auburn National Bancorporation has declared a cash dividend of $0.26 per share for the fourth quarter of 2021, payable on December 27, 2021 to shareholders of record by December 10, 2021. The company, headquartered in Auburn, Alabama, operates AuburnBank with total assets of approximately $1.1 billion. AuburnBank has provided financial services in East Alabama since 1907 and has eight full-service branches in the region. The dividend reflects the company's ongoing commitment to returning value to its shareholders.

Auburn National Bancorporation (AUBN) reported a net earnings of $1.9 million or $0.53 per share for Q3 2021, unchanged from Q3 2020. For the first nine months, earnings rose to $6.2 million or $1.74 per share, up from $5.4 million or $1.51 the previous year. Net interest income increased 3% to $6.2 million, while total revenue declined 4% due to reduced mortgage lending. Notably, no provision for loan losses was needed compared to $250,000 last year, and nonperforming assets were just 0.05% of total assets.

Auburn National Bancorporation (AUBN) announced a third-quarter cash dividend of $0.26 per share, scheduled for payment on September 27, 2021, to shareholders of record as of September 10, 2021. The company, which operates AuburnBank, has approximately $1 billion in assets and serves East Alabama through eight branches and additional loan production offices. AuburnBank, a member of the Federal Reserve System, has been operational since 1907.

Auburn National Bancorporation (AUBN) reported a significant milestone with total assets surpassing $1.0 billion for the first time. For Q2 2021, net earnings reached $2.3 million, up from $1.7 million in Q2 2020, resulting in earnings per share of $0.65 compared to $0.47. The company recorded a negative provision for loan losses of $600 thousand, indicating improved asset quality. However, total revenue declined by 5% mainly due to decreased net interest income, impacted by a low interest rate environment.

Auburn National Bancorporation (AUBN) announced a cash dividend of $0.26 per share for the second quarter, payable on June 25, 2021, to shareholders of record as of June 10, 2021. The company, headquartered in Auburn, Alabama, operates AuburnBank, which holds total assets of approximately $993 million and has been in operation since 1907. The Bank serves East Alabama with eight branches and a loan production office.

Auburn National Bancorporation reported net earnings of $2.0 million, or $0.56 per share, for Q1 2021, an increase from $1.8 million or $0.50 per share in Q1 2020. Mortgage lending income more than doubled to $0.5 million. The company funded $18.7 million in PPP loans, supporting 2,600 employees. Despite a decrease in net interest income to $6.1 million, the allowance for loan losses stood at 1.23% of total loans. Noninterest expenses decreased to $4.7 million. The company maintained a dividend of $0.26 per share, a 2% increase year-over-year.

Auburn National Bancorporation (NASDAQ: AUBN) announced a new stock repurchase program, replacing the previous one set to expire on March 31, 2021. This program authorizes the repurchase of up to $5 million in common stock through March 2022. The repurchases may occur via open-market transactions, private purchases, or negotiated deals. The company will determine the timing and amount based on liquidity, market price, and regulatory factors. Auburn National has total assets of approximately $957 million and operates several branches in East Alabama.

Auburn National Bancorporation (AUBN) declared a cash dividend of $0.26 per share for the first quarter of 2021, payable on March 25, 2021 to shareholders of record by March 10, 2021. This marks a 2% increase over the prior year's dividend and represents the 20th consecutive year of dividend growth. The Company, with total assets of approximately $957 million, operates through its banking subsidiary, AuburnBank, in East Alabama, emphasizing its commitment to returning value to shareholders.

Auburn National Bancorporation (AUBN) reported a decline in net earnings, with 2020 net earnings at $7.5 million ($2.09 per share) vs. $9.7 million ($2.72 per share) in 2019, largely due to increased loan loss provisions amid the COVID-19 pandemic. The net interest margin fell to 2.92% from 3.43% year-on-year. However, mortgage lending income surged by 168%, driven by refinancing activity. The company funded 423 loans totaling $36.5 million under the PPP, supporting approximately 5,500 jobs. AUBN was recognized as a top-performing bank in the 2021 RankingBanking study.