AMES NATIONAL CORP — Form 8-K
Filed July 17, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Ames National Corporation reported Q2 2026 net income of $5.9M ($0.67/share) vs. $4.5M ($0.51/share) in Q2 2025—a 31% increase. H1 2026 net income reached $11.9M ($1.34/share) vs. $8.0M ($0.89/share) in H1 2025—a 49% increase. Net interest margin expanded to 3.18% (Q2 2026) from 2.65% (Q2 2025), driven by higher investment yields and lower deposit costs. Asset quality showed stress: substandard loans rose to $50.7M (June 2026) from $23.5M (June 2025); past-due loans increased to $22.5M from $11.8M. Company incurred $600K in consultant fees YTD for unspecified 'contract negotiations.' Capital ratio improved to 10.04% from 9.22%.
Why this rating
Strong earnings growth and margin expansion are positive, but offset by rising credit stress and undefined consultant spend. Relative to $156M market cap, $5.9M Q2 profit is meaningful; credit deterioration and mystery negotiations create material uncertainty.
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