Auburn National Bancorporation, Inc. Declares Quarterly Dividend
About Auburn National Bancorporation, Inc.
Auburn National Bancorporation, Inc. (the 'Company') is the parent company of AuburnBank (the 'Bank'), with total assets of approximately $997 million. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank currently operates seven full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting www.auburnbank.com.
For additional information, contact:David A. HedgesPresident and CEO(334) 821-9200
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
17 minutes ago
- CNBC
Here's what powered the stock market higher during its short and sweet record week
Short and sweet: That was this week's stock market in a nutshell. The second half of the year kicked off in record style, with both the S & P 500 and the Nasdaq closing at multiple all-time highs, including in Thursday's holiday-shortened session. The U.S. stock market is closed on Friday for the Fourth of July. Extending its stunning comeback from its April sell-off, Club stock Nvidia broke all kinds of records this week as its market value topped $3.9 trillion on Thursday. It ended the day up 1.3% at $159.34 a share, good for a $3.89 trillion market cap. To fully appreciate the current bullishness on Wall Street, we have to look back on the volatile second quarter in the market, which ended Monday. Considering the Nasdaq lost over 12% in the first week of the quarter on President Donald Trump's "reciprocal" tariff announcement, it was incredible to see the tech-heavy index close out the April-to-June period with a 17.75% gain. That was the Nasdaq's best quarterly performance since the early days of Covid, when it gained over 30% in the second quarter of 2020, as the Federal Reserve cut interest rates to zero and pumped money into the economy to prevent economic Armageddon from the pandemic. The S & P 500, meanwhile, advanced 10.57% in this year's second quarter, recovering from a greater-than-11% decline in the first week of April. The board market index saw its best quarter since Q4 of 2023, when it gained 11.24%. Eight out of the 11 sectors advanced in the April-to-June period, with technology leading the way with 23.5% gain. The worst performing sector was energy, which lost 9.37% in Q2, its worst quarter since Q3 of 2020. The bulk of the losses in energy came in the waning days of the second quarter when oil prices tanked following the U.S. bombing of three Iranian nuclear sites. The market deemed the U.S. involvement in the Israel-Iran conflict as a non-systemic risk and West Texas Intermediate crude sank nearly 9% for the quarter. In the absence of any major headlines out of the Mideast and Trump's Wednesday announcement of a framework for a trade deal with Vietnam, the S & P 500 and Nasdaq each advanced for the week, up 1.7% and 1.6%, respectively. Capitol Hill is on the precipice of delivering the president a major legislative victory, with the final passage of the "big, beautiful bill" of spending priorities and tax cuts expected soon after clearing a key procedural vote in the House . Ironically, a strong jobs report Thursday cut both ways for the president. On the one hand, more hiring and a lower unemployment rate shows the resiliency of the economy in the face of the tariff and geopolitical uncertainty. That was a win for Trump. But on the other hand, strength in the economy weakens the president's argument for immediate Federal Reserve interest rates cuts. In fact, on the eve of the government's June employment report and following a much weaker-than-expected ADP private-sector jobs reading, the president posted on social media that Fed Chairman Jerome Powell should resign. Trump was quiet on the rate front on Thursday. That's because payrolls for last month grew by 147,000, much more than the Dow Jones estimate for 110,000. The nation's unemployment rate in June dipped to 4.1% when a slight uptick to 4.3% had been expected. To be sure, much of that unemployment rate decline can be attributed to fewer people working or looking for jobs. Average hourly earnings for last month increased by a less-than-expected 3.7% versus the year0ago period and were below the 3.8% gain seen in May. This week, we got positive updates from the banks, which were free to update capital allocation plans following the conclusion of the Fed's stress tests. Club holdings Goldman Sachs and Wells Fargo were the two standout winners this year, and both of them increased their dividends . Goldman hiked its quarterly payout by 33% to $4 per share. Wells Fargo boosted its dividend 12.5% to 45 cents per share. For Wells, the stress test was just one more bit of good news since the 2018 Fed-imposed $1.95 trillion asset cap was lifted early last month. Another positive update within the portfolio came Monday when Jim Cramer interviewed Amazon CEO Andy Jassy on "Mad Money." In the wide-ranging interview, Jassy clearly laid out the massive opportunity he sees in artificial intelligence, as well its long-term bets such as its Project Kuiper satellite internet service. Jim is optimistic that Kuiper could eventually help Amazon's Prime program add more members. The interview came ahead of the company's first-ever four-day Prime Day, which kicks off Tuesday and goes to Friday. Over at Meta Platforms, we learned more about CEO Mark Zuckerberg's "superintelligence" ambitions, as he authored a memo to employees explaining the new internal structure for AI research at the company. As we wrote in an analysis piece Tuesday, Zuckerberg's costly push to hire the best and brightest AI minds hasn't cost Meta stock yet because investors believe the payoff will be worth it. Home Depot , meanwhile, announced that Monday that it would acquire GMS, a building materials distributor that specializes in products such as drywall, steel studs and insulation. Including debt, the deal gives GMS an enterprise valuation of $5.5 billion. While we understand Home Depot's desire to push further into the world of professional contractors — building on last year's pricey takeover of SRS Distribution — Jim said he wishes the money spent on GMS was instead spent repurchasing stock because he believes Home Depot shares are considerably undervalued. Finally, the S & P Short Range Oscillator ended Thursday's session even further into overbought territory at 8.25% (the threshold to determine overbought or oversold conditions is plus or minus 4%, respectively). While markets can stay overbought for a while, we like to look for areas to raise cash when we reach these levels as they indicate a near-term pullback is increasingly likely. (Jim Cramer's Charitable Trust is long NVDA, AMZN, META and HD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
22 minutes ago
- Yahoo
Why Lucid (LCID) Stock Is Up Today
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) jumped 7.1% in the afternoon session after the company announced a 38% year-over-year increase in second-quarter deliveries, though the figures fell short of analyst expectations. Lucid announced it delivered 3,309 vehicles in the second quarter, a significant jump from the 2,394 vehicles delivered in the same period last year. However, this number missed the consensus estimate of 3,611 vehicles from Wall Street analysts. The company also reported producing 3,863 vehicles during the quarter. For the first half of 2025, Lucid produced 6,075 vehicles and delivered 6,418, indicating it has been selling down previously built inventory. Investors are reacting positively to the strong year-over-year growth, even with the delivery miss. The report comes as competitors like Tesla and Rivian posted year-over-year declines in their Q2 deliveries. Lucid is scheduled to report its full second-quarter financial results on August 5, 2025. Is now the time to buy Lucid? Access our full analysis report here, it's free. Lucid's shares are extremely volatile and have had 58 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Lucid is down 28.5% since the beginning of the year, and at $2.17 per share, it is trading 49.2% below its 52-week high of $4.26 from August 2024. Investors who bought $1,000 worth of Lucid's shares at the IPO in September 2020 would now be looking at an investment worth $218.91. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
- Yahoo
Cadence (CDNS) Stock Trades Up, Here Is Why
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 5% in the afternoon session after the U.S. government lifted export restrictions on certain chip design software to China. The move signaled a de-escalation in a trade dispute that had previously required U.S. firms to obtain licenses for selling specific electronic design automation (EDA) tools in China. Cadence, a major player in the EDA software market, confirmed it was restoring access for its Chinese customers. This development is significant as it reopens a critical market for the company. Analysts anticipated that renewed access to the Chinese market could lead to a notable revenue increase for EDA firms like Cadence. The easing of these trade tensions provides a clearer outlook for the company's sales in the region, which had been clouded by the restrictions imposed in May. After the initial pop the shares cooled down to $325.34, up 4.6% from previous close. Is now the time to buy Cadence? Access our full analysis report here, it's free. Cadence's shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Cadence is up 9.3% since the beginning of the year, and at $325.34 per share, has set a new 52-week high. Investors who bought $1,000 worth of Cadence's shares 5 years ago would now be looking at an investment worth $3,295. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
