secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-018269
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National reports Q4 net loss of $4.0M after securities sale repositioning
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312524018269/0001193125-24-018269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312524018269/d735782d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-018269

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