Earnings ·
Ames National reports Q3 net income of $7.0M, or $0.80 per share
ATLOAmes National Corp
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, in the prior-year period. For the nine months ended September 30, 2026, net income totaled $18.9 million, or $2.14 per share, compared to $12.5 million, or $1.41 per share, a year earlier. The earnings increase was driven by higher yields and average balances on investments, combined with lower market rates and reduced borrowings that decreased the cost of funds. Net interest income rose 20.7% to $17.0 million, while noninterest income increased 36.7% to $3.5 million due to wealth management fees and insurance proceeds. The company operates as a bank holding company with affiliate banks in Iowa.