AMES NATIONAL CORP (ATLO) Form 10-Q — Aug 7, 2026
Ames National Corporation (ATLO) reported Q2 2026 net income of $5.9 million, or $0.67 per share, up from $4.5 million, or $0.51 per share, in Q2 2025. First-half net income rose to $11.9 million ($1.34 per share) from $8.0 million ($0.89 per share) a year earlier. The earnings gain was driven by net interest income: the quarterly net interest margin on a fully taxable-equivalent basis expanded to 3.18% from 2.65%, helped by higher investment yields and a 14% drop in interest expense from lower market rates and reduced borrowings. The efficiency ratio improved to 58.52% from 64.34%.
Key figures
- Eps
- 0.67
- Net Income
- 5931000
- Total Debt
- 47350000 (securities sold under repurchase agreements $30.9M + other borrowings $16.5M)
- Total Assets
- 2122898000
- Cash Position
- 107244000
- Shares Outstanding
- 8857220
- Deposits
- 1852567000
- Eps Six Months
- 1.34
- Eps Q2 Prior Year
- 0.51
- Nonaccrual Loans
- 19600000
- Fhlb Line Of Credit
- 304100000
- Substandard Loans
- 50700000
- Efficiency Ratio Q2
- 58.52% vs 64.34% prior year
- Gross Proceeds Note
- n/a - periodic report
- Effective Tax Rate Q2
- 23% vs 20% prior year
- Loans Receivable Net
- 1250996000
- Net Interest Income Q2
- 16382000
- Net Income Q2 Prior Year
- 4511000
- Net Income Six Months2025
- 7954000
- Net Income Six Months2026
- 11891000
- Net Interest Margin FTEQ2
- 3.18% vs 2.65% prior year
- Allowance Percent Of Loans
- 1.36%
- Fhlb Advances Outstanding
- 16500000
- Allowance For Credit Losses
- 17307000
- Loans Past Due30 Days Or More
- 22500000
- Substandard Impaired Loans
- 19100000
- Problem Loans Percent Of Total
- 1.55% vs 1.19% at Dec 31, 2025 and 0.60% Iowa peer average
- Dividends Declared Per Share Q2
- 0.24
- Shares Remaining Under Buyback
- 165053
- Net Interest Income Q2 Prior Year
- 13466000
- Net Interest Margin FTESix Months
- 3.10% vs 2.59% prior year
- Gross Unrealized Securities Losses
- 27900000
- Dividends Declared Per Share Six Months
- 0.48
Price after filing
Close on the filing date to close N calendar days later (from $31.25). Historical, not a forecast.
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