Ames National Q3 EPS Jumps 57% to $0.80; Substandard Loans Climb to $52M
ATLO sits 64% above its 52-week low of $19.56 on light trading volume (0.4× avg).
Summary
Ames National earned $0.80 per share in Q3 2026, up from $0.51 a year ago, on a 20.7% rise in net interest income and a 3.38% margin. Substandard loans rose to $52.0M from $29.7M, a credit-quality watch item. The company reported Q3 net income of $7.048 million and a Q3 net interest margin of 3.38% on Oct 16.
Updated with a Reuters report · What changed
Updates
· Reuters — Ames National Corporation reported Q3 net interest margin of 3.38% and Q3 net income of $7.048 million on Oct 16.
Key Events · Earnings and Guidance · ATLO
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Updated · · Reuters
Q3 Earnings Jump 55%
Net income of $7.0M, or $0.80 per share, versus $4.6M, or $0.51 per share, in Q3 2025; nine-month net income $18.9M ($2.14/share) versus $12.5M ($1.41). The company reported Q3 net income of $7.048 million on Oct 16.
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Updated · · Reuters
Margin Expands to 3.38%
Net interest income rose 20.7% to $17.0M as investment yields increased and deposit costs fell; net interest margin (FTE) improved from 2.83% a year ago and 3.18% in Q2 2026. The company reported a Q3 net interest margin of 3.38% on Oct 16.
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Substandard Loans Climb to $52M
Substandard loans rose to $52.0M from $29.7M a year ago, driven by one large 1-4 family residential relationship and declining multi-family occupancy; nonperforming assets were $17.0M.
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Post-Quarter $3M Ag Loan Paid Off
Subsequent to September 30, 2026, a $3M substandard-impaired nonaccrual agricultural relationship was paid in full, with roughly $300K of nonaccrual interest collected in October 2026.
Analysis · ATLO · Finance
Ames National's Q3 profit rose 55% to $7.0M ($0.80/share) from $4.6M ($0.51) a year ago, powered by a 20.7% jump in net interest income as investment yields rose and funding costs fell. The net interest margin expanded to 3.38% from 2.83%, and the efficiency ratio improved to 54.97% from 61.76%. Against that, credit quality is the offset: substandard loans climbed to $52.0M from $29.7M a year ago, driven by one large 1-4 family residential relationship and weakening multi-family occupancy. The company also flagged $1.2M of consultant fees tied to ongoing contract negotiations that are expected to continue through 2026. The stock trades near its 52-week high of $32.86, so the market has already rewarded the earnings trend; the substandard-loan build is the item that could test that. The company reported Q3 net income of $7.048 million and a Q3 net interest margin of 3.38% on Oct 16.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 40.4% of the 1069 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ATLO was trading at $32.17 on NASDAQ in the Finance sector, with a market capitalization of approximately $284.9M. The 52-week trading range was $19.56 to $32.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.