AMES NATIONAL CORP — Form 8-K
Filed October 16, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Ames National Corp reported Q3 2026 net income of $7.0M ($0.80/share) vs. $4.6M ($0.51/share) in Q3 2025—a 54% increase. Nine-month net income was $18.9M ($2.14/share) vs. $12.5M ($1.41/share) YoY. Core driver: net interest income rose 20.7% in Q3 to $17.0M due to higher investment yields (yields reinvested at higher rates) and lower funding costs from reduced borrowings and deposit rate declines. Net interest margin on FTE basis improved 55bps to 3.38% (Q3 2026) from 2.83% (Q3 2025). Offsetting: consultant fees of $600K (Q3) and $1.2M (9-month) for 'contract negotiations' ongoing through 2026; credit loss expense only $66K (Q3) vs. $627K YoY.
Why this rating
Strong earnings growth (54% YoY) and NIM expansion material to $156M market-cap bank; $8.3M net interest income increase is ~5% of equity. Offset by opaque consultant fees (ongoing negotiations) and modest asset base decline (-1.2% loans). Moderate positive development within normalized banking context.
See more from October 16, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.