Auburn National Bancorporation Announces \$5 Million Stock Repurchase Program

Key Highlights for Investors

• New Stock Repurchase Program: Auburn National Bancorporation, Inc. (NASDAQ: AUBN) has announced the authorization of a new stock repurchase program, replacing the previous program that expired on April 15, 2024.
• Program Details: The Board of Directors has approved repurchases of up to \$5 million of the company’s issued and outstanding common stock. The repurchases can occur through open-market transactions, private purchases, negotiated transactions, block purchases, or other methods.
• Program Timeline: The repurchase program will remain in effect until the earliest of:
  • The expenditure of \$5 million on share repurchases,
  • Termination or replacement of the repurchase plan,
  • February 28, 2027.
• Flexibility: The company is not obligated to acquire any specific number of shares and may suspend or terminate the repurchase program at any time. The amount and timing of repurchases will depend on several factors, including the company’s liquidity, market price of shares relative to management’s assessment of underlying value, as well as regulatory, legal, and accounting considerations.
• Corporate Profile: Auburn National Bancorporation is the parent company of AuburnBank, an Alabama state-chartered bank. The bank operates with approximately \$1 billion in assets, seven full-service branches, and loan production offices in East Alabama, including Auburn, Opelika, Valley, Notasulga, and Phenix City.
• Forward-Looking Statements: The press release contains forward-looking statements regarding possible future stock repurchases, financial condition, operating results, liquidity, and market prices of the company’s common stock. These statements are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from projections.

Important Information for Shareholders

• Potential Impact on Share Value: The announcement of a new \$5 million stock repurchase program is a significant, potentially price-sensitive event. Share repurchases usually signal management’s confidence in the company’s future prospects and can support the share price by reducing the number of shares outstanding, potentially increasing earnings per share.
• Management’s Flexibility: The company’s ability to adjust or suspend the program at any time means shareholders should monitor ongoing developments and company updates for changes that could affect future value.
• Market Factors: The timing and scale of repurchases will depend on the interplay between management’s view of the stock’s intrinsic value and external market conditions, including liquidity and regulatory factors.
• Forward-Looking Risks: Investors should note that all projections and expectations are subject to change based on a variety of risks, as outlined in the company’s filings with the SEC, including the annual report for 2025.

Additional Information

For more details about Auburn National Bancorporation and AuburnBank, including branch locations and corporate information, investors can visit the company’s website at www.auburnbank.com.

Disclaimer

This article is for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research and consult with financial advisors before making any investment decisions. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Please review Auburn National Bancorporation’s filings with the SEC for further information regarding risks and disclosures.

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