Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Auburn National Bancorp Q1 Profit Declines

Auburn National Bancorp. (AUBN: Quote) reported first-quarter net earnings of $1.47 million or $0.40 per share, down from $1.55 million or $0.43 per share last year.

Excluding items, operating net earnings was $1.7 million or $0.46 per share, compared to $1.6 million or $0.44 per share a year ago.

Net interest income for the quarter rose to $5.0 million from $4.8 million a year ago. Net interest margin increased to 3.11 percent from last year's 2.98 percent in the first quarter.

Non-interest income for the quarter rose to $4.9 million from $1.1 million a year ago.

Click here to receive FREE breaking news email alerts for Auburn National Bancorp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Seeking to avoid the issues arising from undelivered packages ahead of Christmas, package delivery giants UPS and FedEx have in recent days limited air express deliveries, the Wall Street Journal said on Wednesday. Hertz has announced plans to increase the retail prices for all Hertz, Dollar and Thrifty car rentals starting on January 1. In a press release from the Hertz PR team, the company says that the price hikes are largely aimed at combating the depreciation of their fleet. This sporting goods retailer's strong growth accelerated in 2013, with its eCommerce growing 65% to over $480 million. Also, the company is driven to deliver superior financial and operational results, including growing its sales to $10 billion and increasing its operating margin to 10.5% by the end of 2017.
comments powered by Disqus