AMES, Iowa (AP) — AMES, Iowa (AP) — Ames National Corp. (ATLO) on Friday reported second-quarter profit of $2.2 million.
The bank, based in Ames, Iowa, said it had earnings of 24 cents per share.
The bank posted revenue of $23.2 million in the period. Its revenue net of interest expense was $13.5 million, which beat Street forecasts.
Ames National shares have declined 12% since the beginning of the year. The stock has dropped roughly 5% in the last 12 months.
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