8-K
filed January 29, 2024, 6:59 PM ET
ticker AUBN
CIK 0000750574
earnings
confidence high
sentiment negative
materiality 0.75
Auburn National reports Q4 net loss of $4.0M after securities sale repositioning
AUBURN NATIONAL BANCORPORATION, INC
- Net loss of $4.0M ($1.14/sh) in Q4 2023 vs net earnings of $4.5M ($1.27/sh) in Q4 2022.
- Sold $117.6M in securities for after-tax loss of $4.7M ($1.36/sh); proceeds used to repay wholesale funding and reciprocal deposits.
- Adjusted net earnings (excluding securities loss & non-routine items) were $0.7M ($0.21/sh) in Q4 vs $0.9M ($0.25/sh) in prior year.
- Net interest margin fell to 2.65% from 3.27%; average loans up 12% to $550.9M.
- Book value per share rose to $21.90 from $19.42; dividend increased 2% to $0.27/sh.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AUBURN NATIONAL BANCORPORATION, INC reported the fourth quarter of 2023 results: net income $4.0 million, EPS $1.14 per share.
- Period
- the fourth quarter of 2023
- Net income
- $4.0 million
- EPS
- $1.14 per share
- Result
- reported results
Exact text from the filing
Auburn National Bancorporation (Nasdaq: AUBN) reported a net loss of $4.0 million, or $1.14 per share, for the fourth quarter of 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AUBURN NATIONAL BANCORPORATION, INC reported the full year 2023 results: net income $1.4 million, EPS $0.40 per share.
- Period
- the full year 2023
- Net income
- $1.4 million
- EPS
- $0.40 per share
- Result
- reported results
Exact text from the filing
For the full year 2023, the Company reported net earnings of $1.4 million, or $0.40 per share, compared to $10.3 million, or $2.95 per share, for 2022.
View on SEC.gov
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