AMES NATIONAL CORP (ATLO) Form 10-Q — Nov 6, 2026
Ames National Corporation (ATLO) reported Q3 2026 net income of $7.0 million, or $0.80 per share, up sharply from $4.6 million, or $0.51 per share, in Q3 2025, driven primarily by a 55 basis point net interest margin expansion to 3.38%. Net interest income rose to $17.0 million from $14.0 million on higher portfolio yields and a 14.5% drop in interest expense, while noninterest income climbed 36.7% to $3.5 million on wealth management fees and $235 thousand of storm-related insurance proceeds.
Key figures
- Eps
- 0.8
- Revenue
- 23633000
- Net Income
- 7048000
- Total Debt
- other borrowings $1.45M plus repurchase agreements $33.3M and FHLB advances $1.5M as of 9/30/2026
- Revenue Yoy
- 8.2% (interest income, Q3)
- Total Assets
- 2082162000
- Cash Position
- 75209000
- Shares Outstanding
- 8857220
- Deposits
- $1.83B vs $1.85B
- Q3 2025 eps
- 0.51
- Nonaccrual loans
- $17.0M vs $15.1M
- Problem loans pct
- 1.3% vs 1.19% at 12/31/2025
- Substandard loans
- $52.0M vs $42.2M
- Q3 2025 net income
- 4559000
- Efficiency ratio q3
- 54.97% vs 61.76%
- Dividends declared q3
- $0.24 per share
- Nine month net income
- $18.9M vs $12.5M
- Noninterest income q3
- $3.5M vs $2.5M (+36.7%)
- Net interest income q3
- $17.0M vs $14.0M
- Noninterest expense q3
- $11.2M (+9.6%)
- Net interest margin fte q3
- 3.38% vs 2.83%
- Allowance for credit losses
- $16.7M (1.31% of loans)
- Unrealized losses on securities
- $43.6M
AI analysis
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