Auburn National Bancorporation (NASDAQ:AUBN) on Tuesday reported fourth-quarter net income of $1.7 million, or $0.48 per share, as the bank successfully leveraged a higher interest rate environment to deliver record annual revenue.
While quarterly profit was down from $2.2 million in the previous quarter, it marked a slight increase over the $1.6 million reported in the same period a year ago.
For the full year 2025, the parent company of AuburnBank earned $7.3 million, or $2.08 per share, representing a 14% increase over 2024.
The performance was anchored by record full-year net interest income of $29.7 million, as the bank’s net interest margin improved by 21 basis points to 3.27%.
Total revenue for the year rose 7% to $32.8 million.
Despite the top-line success, the fourth quarter saw an uptick in provisions for credit losses, which rose to $783,000.
Management attributed the increase primarily to two specific borrowing relationships, though broader asset quality remained stable with nonperforming assets sitting at just 0.05% of total assets.
Net charge-offs for the quarter were $304,000, or 0.22% of average loans on an annualized basis.
The bank also continues to maintain a robust capital position, with total assets ending the year at $1 billion and a book value per share that climbed to $26.35.