Auburn National Bancorporation, Inc. (AUBN)

Auburn National Bancorp offers strong net interest income growth and a robust loan book, with the majority invested in commercial real estate. The bank maintains a healthy dividend yield around 4%, with a manageable 60% payout ratio and increasing tangible book value. The key risk is high overhead relative to net interest income, but further NII growth could significantly boost earnings per share.

AUBURN, Ala., Aug. 12, 2025 (GLOBE NEWSWIRE) -- On August 12, 2025, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a third quarter $0.27 per share cash dividend, payable September 25, 2025 to shareholders of record as of September 10, 2025.

Auburn National Bancorporation (AUBN -1.44%), a community bank serving East Alabama, reported its second quarter 2025 results on July 22, 2025. The bank posted earnings per share of $0.52 (GAAP) and revenue of $8.1 million, Both earnings per share and revenue were higher than in Q1 2025 and Q2 2024.

Second Quarter 2025 Highlights: Earnings per share increased 18% compared to 1Q 2025 Net interest income increased 4% compared to 1Q 2025 Net interest margin (tax-equivalent) increased 7 basis points to 3.27%, compared to 1Q 2025 Noninterest expense decreased 3% compared to 1Q 2025 Strong credit quality – Nonperforming assets to total assets were 0.03% AUBURN, Ala., July 22, 2025 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.8 million, or $0.52 per share, for the second quarter of 2025, compared to $1.5 million, or $0.44 per share, for the first quarter of 2025, and $1.7 million, or $0.50 per share, for the second quarter of 2024.

AUBURN, Ala., May 13, 2025 (GLOBE NEWSWIRE) -- On May 13, 2025, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a second quarter $0.27 per share cash dividend, payable June 25, 2025 to shareholders of record as of June 10, 2025.

First Quarter 2025 Highlights: Net income of $1.5 million, or $0.44 per share, compared to $1.4 million, or $0.39 per share in 1Q 2024 Net interest income (tax-equivalent) was $7.1 million, an increase of 6% compared to 1Q 2024 Net interest margin (tax-equivalent) of 3.20%, compared to 3.04% in 1Q 2024 Strong balance sheet – Credit quality – Nonperforming assets to total assets were 0.05% Liquidity – Cash and cash equivalents to total assets increased to 11.90%, compared to 7.41% at March 31, 2024 Capital – Tangible Common Equity (“TCE”) to total assets improved to 8.34%, compared to 7.61% at March 31, 2024 AUBURN, Ala., April 22, 2025 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.5 million, or $0.44 per share, for the first quarter of 2025, compared to $1.6 million, or $0.45 per share, for the fourth quarter of 2024, and $1.4 million, or $0.39 per share, for the first quarter of 2024.

AUBURN, Ala., Feb. 11, 2025 (GLOBE NEWSWIRE) -- On February 11, 2025, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a first quarter $0.27 per share cash dividend, payable March 25, 2025 to shareholders of record as of March 10, 2025.

AUBURN, Ala., Nov. 12, 2024 (GLOBE NEWSWIRE) -- On November 12, 2024, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a fourth quarter $0.27 per share cash dividend, payable December 26, 2024 to shareholders of record as of December 10, 2024.

AUBURN, Ala., Aug. 13, 2024 (GLOBE NEWSWIRE) -- On August 13, 2024, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a third quarter $0.27 per share cash dividend, payable September 25, 2024 to shareholders of record as of September 10, 2024.

AUBURN, Ala., May 14, 2024 (GLOBE NEWSWIRE) -- On May 14, 2024, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a second quarter $0.27 per share cash dividend, payable June 25, 2024 to shareholders of record as of June 10, 2024.

First Quarter 2024 Highlights(1): Net income of $1.4 million, or $0.39 per share Net interest income (tax-equivalent) was $6.7 million, an increase of $0.5 million, or 8% Net interest margin (tax-equivalent) increased 39 basis points to 3.04% Annualized loan growth of 7% Strong credit quality – Nonperforming assets to total assets were 0.09% Period-end deposits increased by $3.4 million to $899.7 million AUBURN, Ala., April 24, 2024 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.4 million, or $0.39 per share, for the first quarter of 2024, compared to a net loss of $(4.0) million, or $(1.14) per share, for the fourth quarter of 2023 and net earnings of $2.0 million, or $0.56 per share, for the first quarter of 2023.

AUBURN, Ala, March 29, 2024 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN), the parent company of AuburnBank (the “Bank”), announced that Sandra J. Spencer and Michael A. Lawler have been elected effective March 29, 2024 to the Board of Directors for both the Company and the Bank.

AUBURN, Ala., Feb. 13, 2024 (GLOBE NEWSWIRE) -- On February 13, 2024, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a first quarter $0.27 per share cash dividend, payable March 25, 2024 to shareholders of record as of March 8, 2024.

AUBURN, Ala., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Auburn National Bancorporation (Nasdaq: AUBN) reported a net loss of $4.0 million, or $1.14 per share, for the fourth quarter of 2023. The quarterly loss reflects the sale of $117.6 million of available-for-sale securities for an after-tax loss of $4.7 million or $1.36 per share. Proceeds of $111.3 million from the securities sale were used to repay high-cost wholesale funding and sell high-cost reciprocal deposits, with the remaining amounts held in cash to fund future loan growth, the purchase of higher-yielding securities, and other banking operations. Although this balance sheet repositioning strategy resulted in a loss for the fourth quarter of 2023, it immediately improved the Company's tangible common equity ratio or total equity to total asset ratio due to a smaller balance sheet and is expected to improve the Company's interest rate risk profile and future earnings. The Company estimates the earn-back period for the balance sheet repositioning to be approximately 2.3 years.

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It's a difficult time to be an income investor. Interest rates are climbing in the U.S. to levels not seen in years, but the average dividend yield of the S&P 500 Index remains relatively low at under 2%.