Ames National Q2 Net Income Jumps 31% to $5.9M on Wider Margins
ATLO sits 65% above its 52-week low of $17.9.
Summary
Ames National posted Q2 net income of $5.9M, up 31% from $4.5M a year ago, driven by a 53-basis-point expansion in net interest margin to 3.18%. Six-month net income reached $11.9M, nearly 50% higher than the first half of 2025. The improvement reflects higher yields on investments and loans alongside lower funding costs. However, substandard loans more than doubled to $50.7M, concentrated in one large residential relationship and multi-family weakness, which warrants attention. This follows the Q1 10-Q that flagged rising problem loans and a covenant breach, now compounded by further credit deterioration.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.