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AMES, Iowa (AP) — AMES, Iowa (AP) — Ames National Corp. (ATLO) on Friday reported fourth-quarter profit of $3.5 million.
The bank, based in Ames, Iowa, said it had earnings of 39 cents per share.
The bank posted revenue of $23.9 million in the period. Its revenue net of interest expense was $14.7 million, which beat Street forecasts.
For the year, the company reported profit of $10.2 million, or $1.14 per share. Revenue was reported as $54.8 million.
Ames National shares have increased slightly more than 8% since the beginning of the year. In the final minutes of trading on Friday, shares hit $17.79, a decline of 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATLO at https://www.zacks.com/ap/ATLO