Ames National Q2 Earnings Surge 31% on Wider Margins, but Problem Loans Double
ATLO sits 65% above its 52-week low of $17.9.
Summary
Ames National reported Q2 net income of $5.9M ($0.67/share), up from $4.5M a year ago, as net interest margin widened to 3.18%. Substandard loans jumped to $50.7M from $23.5M, signaling rising credit risk.
Key Events · Earnings and Guidance · ATLO
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Q2 Net Income Rises 31%
Net income of $5.9M ($0.67/share) vs $4.5M ($0.51/share) in Q2 2025, driven by a 21.7% increase in net interest income.
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Net Interest Margin Expands
Net interest margin improved to 3.18% from 2.65% a year ago, reflecting higher yields on investments and lower deposit costs.
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Substandard Loans Double
Substandard loans surged to $50.7M from $23.5M, primarily due to one large 1-4 family residential relationship and weakening multi-family occupancy rates.
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Consultant Fees Impact Expenses
Noninterest expense rose 7.8% to $11.2M, including $300K in consultant fees for ongoing contract negotiations expected to continue through 2026.
Analysis · ATLO · Finance
Ames National posted strong Q2 results with net income up 31% to $5.9M, driven by a 53-basis-point expansion in net interest margin to 3.18%. However, substandard loans more than doubled to $50.7M, concentrated in one large residential relationship and a weakening multi-family portfolio. The earnings beat is tempered by this credit deterioration, which could pressure future provisions if economic conditions soften.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 29.1% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ATLO was trading at $29.62 on NASDAQ in the Finance sector, with a market capitalization of approximately $262.4M. The 52-week trading range was $17.90 to $32.16. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.