logo
Share SHARE
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
Chinese conglomerate Dalian Wanda is in talks to buy Dick Clark Productions, as the company aims to expand in to the US entertainment industry. According to reports, Dalian Wanda Group has started preliminary talks to buy Dick Clark Productions for a price of about $1 billion. Dick Clark Productions... Mortgage applications in the U.S. dropped 0.7 percent from last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, declined 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,... LendUp, an online lending startup, had to pay $6.3 million in fine for charging illegal fees and miscalculating higher interest rates. LendUp, which was earlier known as Flurish Inc., is supported by Google's venture capital arm GV and other venture capital firms in Silicon Valley. The California...
comments powered by Disqus
Follow RTT