AMES NATIONAL CORP (ATLO) Form 8-K — Oct 16, 2026
Ames National Corporation (Nasdaq: ATLO) reported Q3 2026 net income of $7.0 million, or $0.80 per share, up 55% from $4.6 million, or $0.51 per share, a year earlier. The beat was driven by net interest income growth of 20.7% to $17.0 million, as higher yields on loans and securities combined with lower deposit and borrowing costs lifted the net interest margin to 3.38% from 2.83%. Noninterest income also rose 36.7% to $3.5 million on wealth management growth and $235 thousand of storm-related insurance proceeds.
Key figures
- Eps
- 0.8
- Revenue
- $20.1 million net interest income plus noninterest income for Q3 2026 (net interest income $17.0M, noninterest income $3.5M)
- Net Income
- $7.0 million for Q3 2026 vs $4.6 million Q3 2025
- Total Debt
- $34.8 million (repos $33.3M plus other borrowings $1.5M)
- Total Assets
- 2082162000
- Cash Position
- $75.2 million total cash and cash equivalents
- Shares Outstanding
- 8857220
- Q3 2025 eps
- 0.51
- Dividend yield
- 3.06%
- Closing price q3
- 31.38
- Substandard loans
- $52.0 million vs $29.7 million prior year
- Efficiency ratio q3
- 54.97% vs 61.76%
- Book value per share
- 23.23
- Dividend declared q3
- 0.24
- Nonperforming assets
- $17.0 million
- Nine month net income
- $18.9 million ($2.14/share) vs $12.5 million ($1.41/share) prior year
- Noninterest income q3
- $3.5 million, up 36.7%
- Net interest income q3
- $17.0 million, up 20.7%
- Return on avg assets q3
- 1.35% vs 0.88%
- Return on avg equity q3
- 13.18% vs 9.31%
- Net interest margin q3 fte
- 3.38% vs 2.83%
- Allowance for credit losses
- $16.7 million, 1.31% of loans
- Shares available repurchase
- 165053
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