---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-114609"
form_type: "8-K"
ticker: "AUBN"
cik: "0000750574"
company_name: "AUBURN NATIONAL BANCORPORATION, INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:34:40.860324+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Auburn National Q1 net earnings decline to $0.56/sh; NIM expands to 3.17% but provision and NPA rise

## Summary
- Net earnings $2.0M ($0.56/sh) vs $2.1M ($0.59/sh) in Q1 2022, a 5% decline.
- Total revenues up 13% YoY; net interest margin (tax-equivalent) 3.17% vs 2.43%.
- Provision for credit losses $0.1M (vs negative $0.3M); CECL adoption added $1.0M to allowance.
- Nonperforming assets $2.7M (0.26% of assets) vs $0.8M (0.07%) a year ago; one large relationship.
- Dividends increased 2% to $0.27/sh; no wholesale borrowings; uninsured deposits 39.3% (adjusted 20.9%).

## SEC filing metadata
- accession: 0001193125-23-114609
- form_type: 8-K
- ticker: AUBN
- cik: 0000750574
- company_name: AUBURN NATIONAL BANCORPORATION, INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750574/000119312523114609/0001193125-23-114609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750574/000119312523114609/d500474d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-114609
- JSON: https://secwatch.observer/filing/0001193125-23-114609.json
- Plain text: https://secwatch.observer/filing/0001193125-23-114609.txt

## Key facts
- Earnings Releases
  AUBURN NATIONAL BANCORPORATION, INC reported first quarter of 2023 results: net income $2.0 million, EPS $0.56 per share.
  - Period: first quarter of 2023
  - Net income: $2.0 million
  - EPS: $0.56 per share
  - Result: reported results
  source text: AUBURN, Alabama – Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $2.0 million, or $0.56 per share, for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/750574/000119312523114609/0001193125-23-114609-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.