Ames National: Q1 Earnings Snapshot

AMES, Iowa (AP) — AMES, Iowa (AP) — Ames National Corp. (ATLO) on Tuesday reported first-quarter profit of $3.2 million.

The Ames, Iowa-based bank said it had earnings of 36 cents per share.

The bank posted revenue of $19.5 million in the period. Its revenue net of interest expense was $13.9 million, surpassing Street forecasts.

Ames National shares have decreased 24% since the beginning of the year. The stock has declined 23% 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