Ames National Q4 net income $4.4M ($0.49 EPS) down 17% YoY; FY2023 guidance $1.75-$1.85 EPS

AMES NATIONAL CORP

Q4 2022 net income $4.4M vs $5.3M in Q4 2021; EPS $0.49 vs $0.58.
Full-year 2022 net income $19.3M ($2.14 EPS) vs $23.9M ($2.62 EPS) in 2021, down 10%.
Net interest margin compressed to 2.45% (Q4) from 2.65% (Q4 2021) due to higher deposit costs.
FY2023 EPS forecast $1.75-$1.85, citing higher salaries, interest expense, and inflation.
Quarterly dividend maintained at $0.27 per share; payable Feb 15, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMES NATIONAL CORP reported the fourth quarter of 2022 results: net income $4.4 million, EPS $0.49 per share.

Period: the fourth quarter of 2022
Net income: $4.4 million
EPS: $0.49 per share
Result: reported results

Exact text from the filing

Ames National Corporation (Nasdaq: ATLO; the “Company”) today reported net income for the fourth quarter of 2022 of $4.4 million, or $0.49 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMES NATIONAL CORP reported the year ended December 31, 2022 results: net income $19.3 million, EPS $2.14 per share.

Period: the year ended December 31, 2022
Net income: $19.3 million
EPS: $2.14 per share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, net income for the Company totaled $19.3 million or $2.14 per share

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AMES NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-001435

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