Auburn National Bancorporation reports Q1 EPS 27c vs 27c last year

Reports Q1 revenue $7.544M vs $7.109M last year. “The Company’s first quarter results reflect meaningful improvement in our net interest income compared to the prior quarter and continued strength in our credit quality, liquidity, and capital,” said David A. Hedges, President and CEO. “While we expect the interest rate environment will remain challenging in 2024, we are pleased with the improvement in earnings following the balance sheet repositioning we executed in the fourth quarter of 2023,” continued Hedges.