secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001437749-22-001417
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ames National Q4 EPS $0.58 vs $0.57; FY21 EPS $2.62; guides FY22 $2.10-$2.20
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- Q4 2021 net income $5.3M ($0.58/diluted share) vs $5.2M ($0.57) in Q4 2020.
- Full-year 2021 net income $23.9M ($2.62/share) up from $18.9M ($2.06) in 2020.
- Net interest margin fell to 2.65% (Q4) and 2.83% (FY) from 3.03% and 3.13% year ago.
- Credit for loan losses of $217K (Q4) and $757K (FY) vs provisions of $1.3M and $5.7M in prior periods.
- Forecasts FY2022 EPS of $2.10-$2.20, down from $2.62, citing lower PPP fees and higher expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922001417/0001437749-22-001417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922001417/atlo20220120_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-001417

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