secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001193125-23-192884
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Q2 EPS $0.55, revenue +6%; net interest margin 3.03%
--------------------------------------------------------------------

- Net earnings $1.9M ($0.55 diluted EPS) vs $1.8M ($0.51) in Q2 2022; total revenue up 6%.
- Net interest margin (tax-equivalent) 3.03% vs 2.60% YoY; cost of funds 93 bps vs 32 bps.
- Negative provision for credit losses $0.4M on resolution of collateral-dependent nonperforming loan.
- Average loans $512.1M, up 19% YoY; total deposits $950.7M flat; NPA ratio 0.11%.
- Dividend raised to $0.27/share (2% increase); book value $20.28; no guidance change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312523192884/0001193125-23-192884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312523192884/d542877d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-192884

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer