secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001437749-24-001720
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/0001437749-24-001720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774924001720/atlo20240118_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001720

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