Auburn National Bancorporation Reports Q1 2025 Earnings

Auburn National Bancorporation ( (AUBN) ) has released its Q1 earnings. Here is a breakdown of the information Auburn National Bancorporation presented to its investors.

Auburn National Bancorporation, Inc. is the parent company of AuburnBank, an Alabama state-chartered bank operating in East Alabama with a focus on providing comprehensive banking services through its branches and loan production office.

In the first quarter of 2025, Auburn National Bancorporation reported net earnings of $1.5 million, or $0.44 per share, marking an improvement from $1.4 million, or $0.39 per share, in the same period last year. The company highlighted strong credit quality and an improved net interest margin as key contributors to its financial performance.

The company’s net interest income increased to $7.1 million, a 6% rise from the first quarter of 2024, driven by a favorable asset mix and improved yields on interest-earning assets. Nonperforming assets remained low at 0.05% of total assets, and liquidity improved significantly with cash and cash equivalents rising to 11.90% of total assets. Additionally, the tangible common equity ratio improved to 8.34%.

Despite a decrease in noninterest income due to lower mortgage lending income, Auburn National Bancorporation maintained a strong balance sheet with total assets nearing $997 million. The company also saw growth in its deposit base, which reached $910.5 million, reflecting increased demand deposit account balances.

Looking ahead, Auburn National Bancorporation remains optimistic about further improvements in its net interest margin and is well-positioned to meet customer needs, supported by its robust capital and liquidity positions.