---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001435"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:15:06.433051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-001435
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2023-01-20T23:59:59+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/1132651/000143774923001435/0001437749-23-001435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774923001435/atlo20230119_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001435
- JSON: https://secwatch.observer/filing/0001437749-23-001435.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001435.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774923001435/0001437749-23-001435-index.htm
- Earnings Releases
  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
  source text: For the year ended December 31, 2022, net income for the Company totaled $19.3 million or $2.14 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774923001435/0001437749-23-001435-index.htm

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