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Stock impact report

Auburn National Bancorporation, Inc. Reports Second Quarter Net Earnings

Auburn National Bancorporation, Inc. (AUBN) 
US:NASDAQ Investor Relations: auburnbank.com
Company Research Source: GlobeNewswire
Second Quarter 2019 vs. 2018 Highlights Total revenue increased 5% to $7.5 million Net interest margin (tax-equivalent) increased by 14 basis points Average loans increased $24.7 million, or 6% Strong asset quality – Nonperforming assets were 0.05% of total assets at June 30, 2019 AUBURN, Alabama, July 16, 2019 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $2.3 million, or $0.64 per share, for the second quarter of 2019, compared to $2.3 million, or $0.62 per share, for the second quarter of 2018.  Net earnings for the first six months of 2019 were $4.9 million, or $1.35 per share, compared to $4.5 million, or $1.22 per share, for the first six months of 2018. “The Company's second quarter results reflect solid revenue growth,” said Robert W. Dumas, Chairman, President and CEO.  Mr. Dumas continued, “The Company’s growth in net interest income and margin was driven by loan growth and improvements in our balance sheet mix.” Net i Show less Read more
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