secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001437749-23-001435
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774923001435/0001437749-23-001435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774923001435/atlo20230119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001435

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