Ames National Q1 net income surges 73% to $6.0M; EPS $0.67 vs $0.39; dividend raised 20%

AMES NATIONAL CORP

Net income $5.96M (EPS $0.67) vs $3.44M ($0.39) YoY; net interest margin improved to 3.01% from 2.53%.
Credit loss benefit of $347K vs expense $962K YoY; loan balances declined 3.2% to $1.26B.
Noninterest income +9.3% to $2.8M on wealth mgmt growth; noninterest exp +5.9% on $300K consultant fees.
Quarterly dividend raised 20% to $0.24/share; payable March 13, 2026 to record date Feb 27.
Substandard loans increased to $34.8M; 30+ day delinquencies up to $19.4M from $11.8M YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMES NATIONAL CORP reported the three months ended March 31, 2026 results: net income $6.0 million, or $0.67 per share.

Period: the three months ended March 31, 2026
Net income: $6.0 million, or $0.67 per share
Result: reported results

Exact text from the filing

ANNOUNCES EARNINGS FOR THE first QUARTER OF 2026 Ames, Iowa – Ames National Corporation (Nasdaq: ATLO; the “Company”) today reported net income for the first quarter of 2026 of $6.0 million, or $0.67 per share, compared to $3.4 million, or $0.39 per share, earned in the first quarter of 2025 . The increase in earnings is primarily due to an increase in net interest

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Source: SEC EDGAR

accession 0001437749-26-013322

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