Ames National (ATLO) - 2024 Q1 - Quarterly Results

EXHIBIT 99.1 NEWS RELEASE CONTACT: JOHN P. NELSON FOR IMMEDIATE RELEASE CEO AND PRESIDENT (515) 232-6251 APRIL 19, 2024 AMES NATIONAL CORPORATION ANNOUNCES EARNINGS FOR THE FIRST QUARTER OF 2024 Ames, Iowa – Ames National Corporation (Nasdaq: ATLO; the "Company") today reported net income for the first quarter of 2024 of $2.3 million, or $0.26 per share, compared to $3.2 million, or $0.36 per share, earned in the first quarter of 2023. The decrease in earnings is primarily the result of higher interest expe ...