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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 2024 Highlights(1): Net earnings of $1.7 million, or $0.50 per share, compared to $1.4 million, or $0.39 per share Total revenue increased 1% Net interest margin (tax-equivalent) improved 2 basis points to 3.06% Annualized growth of average loans of 9% Negative provision for credit losses of $0.1 million Strong credit quality – Nonperforming assets to total assets were 0.08% Noninterest expense decreases 3%, primarily due to reductions in occupancy expense AUBURN, Ala., July 23, 2024 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.7 million, or $0.50 per share, for the second quarter of 2024, compared to $1.4 million, or $0.39 per share, for the first quarter of 2024 and $1.9 million, or $0.55 per share, for the second quarter of 2023. Net earnings were $3.1 million, or $0.89 per share, for the first six months of 2024, compared t Show less Read more
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