Auburn National Bancorp (AUBN) Misses Q4 EPS by 22c
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Auburn National Bancorporation, Inc. Reports Record Quarterly Net Earnings
July 28, 2015 8:00 AM EDTSecond Quarter 2015 Highlights:
Record quarterly net earnings of $2.2 million, or $0.59 per shareEarnings per share increased 16% compared to second quarter 2014Net interest income (tax-equivalent) increased 10% compared to second quarter 2014Interest recoveries of $225 thousand realized on payoff of two impaired loansAverage loans increased $23.5 million or 6% compared to second quarter 2014Annualized net recoveries as a % of average loans were 0.16% compared to 0.02% in second quarter 2014Nonperforming assets were 0.23% of total assets at June 30, 2015 compared to 0.57% a year earlier... More