Ames National: Fourth Quarter Earnings Overview

Ames National Corp. Announces Fourth-Quarter Financial Results

Ames National Corp., headquartered in Ames, Iowa, revealed a net income of $6.5 million for the fourth quarter.

Earnings for the quarter amounted to 73 cents per share, according to the bank’s report.

During this period, the company generated $26.1 million in total revenue. After accounting for interest expenses, net revenue reached $18.7 million, surpassing analysts’ expectations.

Looking at the full year, Ames National Corp. achieved a profit of $19 million, translating to $2.14 per share, with annual revenue totaling $66.8 million.

Since the start of the year, the company’s stock price has risen by nearly 6%. By the close of trading on Friday, shares were valued at $24.27, marking a 38% increase over the past year.