Ames National Q3 profit rises to $7.0 million, or $0.80 per share
Ames National Corporation reported third-quarter 2026 net income of $7.0 million, or $0.80 per share, up from $4.6 million, or $0.51 per share, a year earlier. The increase was driven mainly by higher net interest income, which rose 20.7% to $17.0 million as yields improved and funding costs fell.
Key points
- Nine-month 2026 net income was $18.9 million, or $2.14 per share, versus $12.5 million, or $1.41 per share, in the same period of 2025.
- Net interest margin improved to 3.38% for the third quarter of 2026, compared with 2.83% a year earlier.
- Noninterest expense rose 9.6% to $11.2 million, including $600 thousand of consultant fees tied to contract negotiations that are expected to continue through 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.