AMES, Iowa (AP) — AMES, Iowa (AP) — Ames National Corp. (ATLO) on Friday reported third-quarter earnings of $4.6 million.
The Ames, Iowa-based bank said it had earnings of 51 cents per share.
The bank posted revenue of $24.4 million in the period. Its revenue net of interest expense was $16.6 million, beating Street forecasts.
Ames National shares have increased 20% since the beginning of the year. In the final minutes of trading on Friday, shares hit $19.67, an increase of slightly more than 8% in the last 12 months.
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