---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017605"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:28:38.251102+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ames National Q2 net income falls 29% to $4.2M on lower PPP fees, tax charge

## Summary
- EPS of $0.46 vs $0.64 in Q2 2021; six-month EPS $1.03 vs $1.30.
- Net interest margin 2.57%, down 27 bps YoY; PPP fees $15K vs $1.3M.
- Non-recurring $780K deferred tax charge from Iowa franchise tax rate reduction.
- Quarterly dividend maintained at $0.27 per share, payable Aug 15, 2022.
- Completed share repurchase of 100K shares at avg $23.01 for $2.3M.

## SEC filing metadata
- accession: 0001437749-22-017605
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774922017605/0001437749-22-017605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774922017605/atlo20220721_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017605
- JSON: https://secwatch.observer/filing/0001437749-22-017605.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017605.txt

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