---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-032805"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2026-10-16T20:10:15+00:00"
generated_at: "2026-10-16T20:11:05.979788+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ATLO Q3 net income $7.0M, EPS $0.80 vs $0.51; NIM 3.38% as net interest income rises 20.7%

## Summary
- Q3 2026 net income $7.0M, or $0.80/share, vs $4.6M/$0.51 a year ago; nine-month net income $18.9M, or $2.14/share vs $1.41.
- Net interest income $17.0M, up 20.7% YoY; net interest margin 3.38% vs 2.83%; efficiency ratio improved to 54.97% from 61.76%.
- Noninterest expense rose 9.6% to $11.2M, including $600K of consultant fees for contract negotiations expected to continue through 2026.
- Credit loss expense $66K vs $627K; Q3 net charge-offs $745K vs $344K of recoveries. Substandard loans rose to $52.0M from $29.7M on a 1-4 family relationship and multi-family weakness.
- Post-quarter, a $3M substandard-impaired nonaccrual agricultural loan was paid in full, with ~$300K of nonaccrual interest collected in October 2026.

## SEC filing metadata
- accession: 0001437749-26-032805
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2026-10-16T20:10:15+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774926032805/0001437749-26-032805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774926032805/atlo20260824_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-032805
- JSON: https://secwatch.observer/filing/0001437749-26-032805.json
- Plain text: https://secwatch.observer/filing/0001437749-26-032805.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.