secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001193125-24-182673
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Bancorp Q2 net earnings $1.7M ($0.50); loans up 12% YoY
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- Net earnings $1.7M, $0.50 EPS vs $0.39 Q1 2024 and $0.55 Q2 2023; total revenue up 1%.
- Net interest margin (tax-equivalent) improved to 3.06% from 3.04% Q1 and 3.03% Q2 2023.
- Average loans grew 9% annualized from Q1; period-end loans $578.1M, up 12% YoY.
- Nonperforming assets were 0.08% of total assets; negative provision for credit losses of $0.1M.
- Noninterest expense decreased 3% QoQ and 5% YoY; cash dividends $0.27 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312524182673/0001193125-24-182673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312524182673/d870564d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182673

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