---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023078"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T18:57:15.085387+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ames National Q2 net income down 15% to $2.2M; forecast reduced on higher deposit costs

## Summary
- Q2 2024 net income $2.2M ($0.24 EPS) vs $2.6M ($0.28 EPS) in Q2 2023.
- Net interest margin narrowed to 2.14% from 2.20% as deposit expense rose $2.2M.
- Loan portfolio grew 3.9% to $1.28B; credit loss expense increased to $182K.
- Company declared $0.27 quarterly dividend payable Aug 15, 2024.
- Management expects 2024 earnings will miss forecast due to higher interest expense.

## SEC filing metadata
- accession: 0001437749-24-023078
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2024-07-19T23:59:59+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/1132651/000143774924023078/0001437749-24-023078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774924023078/atlo20240524_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023078
- JSON: https://secwatch.observer/filing/0001437749-24-023078.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023078.txt

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