secwatch.observer — SEC 8-K summary
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Issuer:     AMES NATIONAL CORP (ATLO)
CIK:        0001132651
Form:       8-K
Filed at:   2026-10-16T20:10:15+00:00
Accession:  0001437749-26-032805
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132651/000143774926032805/0001437749-26-032805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132651/000143774926032805/atlo20260824_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-032805

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