secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001437749-22-017605
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922017605/0001437749-22-017605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774922017605/atlo20220721_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017605

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