Ames National approves 200K share buyback program and dividend

Ames National Corp (NASDAQ: ATLO) announced its board approved a stock repurchase program authorizing the buyback of up to 200,000 shares, representing approximately 2.2% of its 8,892,167 outstanding common shares as of August 13, 2025.

The repurchase program begins August 14, 2025 and expires November 17, 2026. The company will conduct open market purchases at management's discretion using company cash, with timing and volume dependent on factors including price, liquidity position and market conditions.

The program operates under SEC Rule 10b-18 provisions and may be modified or terminated without notice. Ames National completed a previous repurchase program on July 31, 2025, buying back 100,000 shares.

The company also declared a cash dividend of $0.20 per common share on August 13, 2025. The dividend will be paid September 15, 2025 to shareholders of record as of September 1, 2025.

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