Auburn National Bancorporation Posts Higher Q2 Profit

7/20/2012 2:14 PM ET

Auburn National Bancorporation, Inc. (AUBN: Quote) reported second-quarter net earnings of $2.0 million or $0.56 per share, up from $1.5 million or $0.40 per share in the same period last year.

Operating net earnings for the quarter was $1.9 million or $0.51 per share, compared to $1.7 million or $0.46 per share last year.

Net interest income for the quarter rose to $5.3 million from $5.1 million in the year-ago quarter, and non-interest income increased to $1.8 million from $1.3 million last year.

Provision for loan losses for the quarter was same as last year's $600,000 in the same period.

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

<<Previous 82 Articles Next>>

Editors Pick

Stocks Close Modestly Lower After Lackluster Trading Day - U.S. Commentary

After showing a lack of direction throughout much of the session, stocks ended Monday's trading modestly lower. The slightly lower close on the day partly offset the strength that was seen in the markets last week. The major averages ended the day below the unchanged line but off their lows for the session.

Obama To Deliver Speech On Counterterrorism Policies, Use Of Drones

President Barack Obama reportedly plans to deliver a much-anticipated speech on Thursday outlining his administration's evolving counterterrorism policies. Multiple news sources cited a White House official as saying that Obama will address the use of drones and plans to close the detention facility at Guantanamo Bay in a speech at the National Defense University.

Immigration Officers Union Expresses Opposition To Senate Bill

A second union representing immigration enforcement officers has expressed opposition to the Senate version of comprehensive immigration reform legislation, arguing that the bill fails to address the "insurmountable bureaucracy" at the agency that oversees lawful immigration to the U.S.