Auburn National Bancorporation, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 05:10 pm EDT
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Auburn National Bancorporation, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 6.27 million compared to USD 7.24 million a year ago. Net income was USD 1.49 million compared to USD 2 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.57 a year ago.
For the nine months, net interest income was USD 20.27 million compared to USD 19.7 million a year ago. Net income was USD 5.38 million compared to USD 5.88 million a year ago. Basic earnings per share from continuing operations was USD 1.54 compared to USD 1.67 a year ago.
Auburn National Bancorporation, Inc. is a bank holding company. The Companyâs business is conducted primarily through AuburnBank (the Bank) and its subsidiaries. The Bank offers checking, savings, transaction deposit accounts and certificates of deposit, and is an active residential mortgage lender in its primary service area. The Bankâs primary service area includes the cities of Auburn and Opelika, Alabama and nearby surrounding areas in East Alabama, primarily in Lee County. The Bank also offers commercial, financial, agricultural, real estate construction and consumer loan products and other financial services. The Bank also provides automated teller machine (ATM) services in East Alabama and operates ATMs in 12 locations in its primary service area. The Bankâs Visa Check cards can be used internationally through the Plus network. The Bank offers online banking, bill payment and other electronic banking services through its Internet Website, www.auburnbank.com.