secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001193125-24-110127
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Q1 net income $1.4M, up from Q4 loss; NIM expands 39 bps to 3.04%
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- Net earnings $1.4M ($0.39/share) vs Q4 2023 net loss $4.0M ($1.14) and Q1 2023 net income $2.0M ($0.56).
- Net interest income (tax-eq) $6.7M, +8% from Q4 2023; net interest margin 3.04% vs 2.65%.
- Annualized loan growth 7%; loans $567.5M, total deposits $899.7M (+$3.4M from Q4).
- Nonperforming assets 0.09% of assets; allowance for credit losses $7.2M (1.27% of loans).
- Paid $0.27/share dividend; book value $21.32; no share repurchases in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312524110127/0001193125-24-110127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312524110127/d807333d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-110127

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