---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009521"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2022-04-22T23:59:59+00:00"
generated_at: "2026-06-26T05:16:12.845880+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ames National Q1 2022 net income $5.1M ($0.57 EPS), down 14.6% YoY from $6.0M

## Summary
- Net income $5.1M ($0.57 diluted EPS) vs $6.0M ($0.66) in Q1 2021, a 14.6% decline.
- Net interest margin fell to 2.55% from 2.86%; net interest income down 4% to $13.2M.
- PPP fee income dropped to $200K from $840K; nonaccrual interest income fell to $7K from $335K.
- Deposits grew 6% to $1.96B; stockholders' equity decreased to $176.7M due to unrealized investment losses.
- Quarterly dividend raised to $0.27 per share, payable May 13, 2022 to holders of record Apr 29.

## SEC filing metadata
- accession: 0001437749-22-009521
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2022-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774922009521/0001437749-22-009521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774922009521/atlo20220420_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009521
- JSON: https://secwatch.observer/filing/0001437749-22-009521.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009521.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.