Auburn National Bancorporation Reports Strong Q4 Results

Auburn National Bancorporation shows strong improvement with net income of $1.56 million, reversing a loss from last year. This significant turnaround may positively impact investor sentiment and stock performance.

Date: 28-01-2025

AI Rating: 7

Net Income: Auburn National Bancorporation reported a net income of $1.56 million for the fourth quarter, compared to a net loss of $3.99 million in the same quarter last year. This indicates a strong turnaround in performance and likely boosts investor confidence.

Earnings Per Share (EPS): The EPS for the quarter stood at $0.45, an improvement from the loss of $1.14 per share a year ago. This significant recovery in EPS should positively affect stock prices as it shows the company's profitability growth.

Revenue Growth: Revenue rose to $7.81 million for the quarter from $630,000 a year prior. This dramatic increase in revenue is a strong indicator of the company’s recovery and growth potential.

Net Interest Income: The net interest income increased to $6.97 million from $6.06 million last year, suggesting improved operational efficiency and revenue generation from interest-related activities.

Noninterest Income: The company’s noninterest income was recorded at $845,000, a substantial recovery compared to a loss of $5.43 million in the prior year. This recovery indicates better diversification in income sources, which is favorable for long-term performance.

Provision for Credit Losses: A negative provision for credit losses of $48,000 was recorded compared to a provision of $326,000 last year. This reversal indicates improved credit quality and financial health, contributing to overall positive outlook for investors.

Stocks: AUBN