secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001193125-23-018682
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National reports record Q4 net earnings of $4.5M, full year $10.3M
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- Q4 net earnings $4.5M ($1.27 EPS) vs $1.9M ($0.53) in Q4 2021; full year $10.3M ($2.95) vs $8.0M ($2.27).
- Net interest margin (tax-equiv) expanded to 3.27% from 2.45% in Q4 2021.
- Nonperforming assets rose to $2.7M (0.27% of assets) from $0.8M (0.07%) due to one downgraded borrowing relationship.
- Recorded $3.2M gain on land sale and $1.6M ERC credit; provision for loan losses was $1.0M.
- Paid Q4 dividend of $0.265/share, up 2% YoY; repurchased 17,183 shares for $0.5M in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312523018682/0001193125-23-018682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312523018682/d438993d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-018682

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