Welcome to our dedicated page for Ames Natl news (Ticker: ATLO), a resource for investors and traders seeking the latest updates and insights on Ames Natl stock.
Ames National Corporation reports developments as an Iowa bank holding company serving individuals, businesses, professionals and enterprises through banking subsidiaries. Its news commonly centers on quarterly and annual earnings, net interest income, net interest margin, deposit costs, loan and investment portfolio activity, and credit loss expense.
Company updates also cover capital actions such as cash dividends and stock repurchase authorizations, along with annual-meeting governance matters. The business provides deposit accounts, commercial, construction, agricultural and personal loans, lines of credit, cash management, merchant credit card processing, safe deposit boxes and ATM services in Iowa markets.
Ames National Corporation (Nasdaq: ATLO) reported a net income of $4.4 million ($0.49 per share) for Q4 2022, down from $5.3 million ($0.58 per share) in Q4 2021. Total net income for 2022 was $19.3 million ($2.14 per share), a decline from $23.9 million ($2.62 per share) in 2021. Key factors included increased interest expenses on deposits and reduced Paycheck Protection Program fees. The net interest margin decreased to 2.45% from 2.65% year-over-year. Total assets were $2.13 billion with a slight decline from 2021. The company forecasts 2023 earnings between $1.75 and $1.85 per share, reflecting inflation and higher interest expenses.