Ames National Full Year 2023 Earnings: EPS: US$1.20 (vs US$2.14 in FY 2022)

Ames National (NASDAQ:ATLO) Full Year 2023 Results

Key Financial Results

• Revenue: US$52.3m (down 17% from FY 2022).
• Net income: US$10.8m (down 44% from FY 2022).
• Profit margin: 21% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$1.20 (down from US$2.14 in FY 2022).

ATLO Banking Performance Indicators

• Net interest margin (NIM): 2.20% (down from 2.62% in FY 2022).
• Cost-to-income ratio: 74.6% (up from 61.4% in FY 2022).
• Non-performing loans: 1.08% (down from 1.19% in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Banking contributing US$52.3m. The largest operating expense was General & Administrative costs, amounting to US$34.7m (84% of total expenses). Explore how ATLO's revenue and expenses shape its earnings.

Ames National's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Ames National (1 is potentially serious!) that we have uncovered.

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