---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001720"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:04:48.911349+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ames National Q4 net income falls 52% to $2.1M; FY2023 EPS $1.20; 2024 guidance $1.45-$1.55

## Summary
- Net income Q4 2023 $2.1M ($0.24/diluted) vs Q4 2022 $4.4M ($0.49); full year $10.8M ($1.20) vs $19.3M ($2.14).
- Net interest margin narrowed to 2.15% (Q4) from 2.56% (Q4 2022); full year 2.20% from 2.62%.
- Credit loss expense of $755K in Q4 vs benefit of $168K a year ago; full year expense $789K vs benefit $874K.
- Efficiency ratio worsened to 75.6% (Q4) from 65.0% (Q4 2022); full year 74.6% vs 61.4%.
- Company forecasts 2024 EPS $1.45-$1.55 vs $1.20 actual 2023; dividend maintained at $0.27/share.

## SEC filing metadata
- accession: 0001437749-24-001720
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/0001437749-24-001720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/atlo20240118_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001720
- JSON: https://secwatch.observer/filing/0001437749-24-001720.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001720.txt

## Key facts
- Earnings Releases
  AMES NATIONAL CORP reported the three months ended December 31, 2023 results: net income $2,139, EPS $0.24.
  - Period: the three months ended December 31, 2023
  - Net income: $2,139
  - EPS: $0.24
  - Result: reported results
  source text: Ames National Corporation (Nasdaq: ATLO; the “Company”) today reported net income for the fourth quarter of 2023 of $2.1 million, or $0.24 per share, compared to $4.4 million, or $0.49 per share, earned in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/0001437749-24-001720-index.htm
- Earnings Releases
  AMES NATIONAL CORP reported the year ended December 31, 2023 results: net income $10,817, EPS $1.20.
  - Period: the year ended December 31, 2023
  - Net income: $10,817
  - EPS: $1.20
  - Result: reported results
  source text: For the year ended December 31, 2023, net income for the Company totaled $10.8 million or $1.20 per share, compared to $19.3 million or $2.14 per share earned in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/0001437749-24-001720-index.htm

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