Auburn National Bancorporation(AUBN) - 2024 Q1 - Quarterly Results
Auburn National Bancorporation(AUBN)2024-04-25 04:17
Exhibit 99.1 For additional information, contact: David A. Hedges President and CEO (334) 821-9200 Press Release – April 24, 2024 Auburn National Bancorporation, Inc. Reports First Quarter Net Earnings First Quarter 2024 Highlights (1): • Net income of $1.4 million, or $0.39 per share • Net interest income (tax-equivalent) was $6.7 million, an increase of $0.5 million, or 8% • Net interest margin (tax-equivalent) increased 39 basis points to 3.04% • Annualized loan growth of 7% • Strong credit quality – Non ...