secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001193125-23-264178
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Q3 EPS $0.43, down 22% QoQ; net interest margin shrinks to 2.73%
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- Net income $1.5M ($0.43 EPS) vs $1.9M ($0.55) in Q2'23 and $2.0M ($0.57) in Q3'22.
- Net interest margin (tax-equiv) 2.73%, down 30 bps from Q2; cost of funds rose to 142 bps from 93 bps.
- Provision for credit losses $0.1M vs negative $0.4M in Q2; nonperforming assets $1.2M (0.12% of assets).
- Loans grew 5% QoQ to $545.6M; brokered deposits jumped to $46.1M from $16.0M.
- Dividend increased 2% to $0.27/share; $0.2M in share repurchases year-to-date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312523264178/0001193125-23-264178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312523264178/d510922d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-264178

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