secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001193125-24-240780
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National Q3 net earnings $0.50/share; net interest margin expands to 3.05%
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- Net earnings flat at $1.7M; EPS $0.50 vs $0.43 in Q3 2023 (up 16%).
- Tax-equivalent net interest income $6.8M, up 7% YoY; margin 3.05% vs 2.73%.
- Average loans $571.7M, up 8% YoY; loan payoff of $14.9M drove negative provision.
- TCE ratio improved to 8.52% from 5.96% a year ago; book value $24.14 per share.
- Corner Village branch to close by year-end for cost savings; dividend $0.27/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312524240780/0001193125-24-240780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312524240780/d901663d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-240780

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