FONT-SIZE Plus   Neg

Auburn National Bancorp Q1 Profit Declines

Auburn National Bancorp. (AUBN) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ford Motor Company on Thursday reported a 56 percent fall in profit for the third quarter from last year, reflecting safety-recall expenses, product launch costs and lower profit in North America. However, adjusted earnings per share beat analysts' estimates. Social media site Twitter Inc. (TWTR) reported a narrower loss for the third-quarter quarter, while quarterly revenue increased 8% from the prior year. Adjusted earnings per share topped analysts' expectations. It will reduce about 9% of its global workforce. It updated its outlook for the full year 2016 and provided guidance for the fourth quarter of 2016. Dow Chemical Co. (DOW) reported a profit for the third-quarter declined about 44 percent from the prior year, reflecting a $0.13 per share charge related to the Dow Corning ownership restructure and a $0.11 per share charge for transactions and productivity actions. Results in the year-ago period reflect a $0.32 per share gain from the Agrofresh divestiture.
comments powered by Disqus
Follow RTT