Auburn National Stock Price, News & Analysis

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.

Auburn National Bancorporation (AUBN) declared a cash dividend of $0.255 per share for the third quarter on November 10, 2020. This dividend is payable on December 28, 2020 to shareholders on record as of December 10, 2020. The bank, with total assets of approximately $938 million, operates in East Alabama and has been providing banking services since 1907.

Auburn National Bancorporation reported third quarter 2020 net earnings of $1.9 million ($0.54 per share), down from $2.2 million ($0.62 per share) in Q3 2019. The provision for loan losses increased to $250,000, reflecting economic impacts from COVID-19. Net interest margin decreased to 2.72%, down from 3.41% last year, due to low interest rates. However, mortgage lending income surged to $0.7 million, more than double from Q3 2019. Noninterest income rose to $1.4 million, driven by increased refinancing activity. The bank's capital ratios remain strong.

Auburn National Bancorporation has declared a cash dividend of $0.255 per share for the second quarter of 2020. The dividend will be payable on September 25, 2020, to shareholders of record as of September 10, 2020. The company, which is the parent of AuburnBank, has total assets of approximately $943 million and has been operational since 1907. The bank serves East Alabama with multiple branches, reinforcing its long-standing presence in the region.

Auburn National Bancorporation (AUBN) has declared a cash dividend of $0.255 per share for the second quarter of 2020. This dividend will be payable on June 25, 2020, to shareholders on record as of June 10, 2020. The company, headquartered in Auburn, Alabama, has approximately $856 million in total assets and operates in East Alabama through eight full-service branches. The bank has been in continuous operation since 1907.

Auburn National Bancorporation (AUBN) reported net earnings of $1.8 million or $0.50 per share for Q1 2020, down from $2.5 million or $0.70 per share in Q1 2019. Net interest income decreased by 6% to $6.3 million, while average loans fell 5% to $451.2 million. The provision for loan losses was $400 thousand, reflecting economic impacts of COVID-19. The company granted $43.3 million in loan deferrals, affecting 10% of total loans. Despite the challenges, the company’s capital ratios maintain a strong position.