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Ames National (ATLO) investor relations material
Ames National Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q2 2026 was $5.9 million ($0.67/share), up from $4.5 million ($0.51/share) in Q2 2025, driven by higher net interest income and lower funding costs.
Six-month net income reached $11.9 million ($1.34/share), a 49.6% increase year-over-year.
Return on average assets improved to 1.11% for Q2 2026 from 0.85% in Q2 2025; return on average equity rose to 11.24% from 9.67%.
Financial highlights
Net interest income for Q2 2026 was $16.4 million, up 21.7% year-over-year; net interest margin rose to 3.18% from 2.65%.
Noninterest income increased 2.3% to $2.7 million in Q2 2026; noninterest expense rose 7.8% to $11.2 million, mainly due to higher professional fees and salaries.
Efficiency ratio improved to 58.52% in Q2 2026 from 64.34% in Q2 2025.
Income tax expense for Q2 2026 was $1.8 million, with an effective tax rate of 23%.
Outlook and guidance
Consultant fees related to contract negotiations are expected to continue throughout 2026.
Anticipated bonus payouts are expected as performance thresholds are met.
- Net income surged 74% year-over-year, with improved margins and a higher dividend.ATLO
Q1 202611 May 2026 - Annual meeting to vote on directors, executive pay, and auditor, with board support for all proposals.ATLO
Proxy Filing13 Mar 2026 - Director elections, executive pay, and auditor ratification headline the April 2026 meeting.ATLO
Proxy Filing13 Mar 2026 - Earnings surged on higher net interest income; 2026 outlook projects continued growth.ATLO
Q4 202523 Jan 2026 - Director elections, auditor ratification, and performance-linked executive pay headline the agenda.ATLO
Proxy Filing2 Dec 2025 - Director elections and auditor ratification headline the annual meeting, with online proxy access.ATLO
Proxy Filing2 Dec 2025 - Earnings and margins surged, but credit risk in key loan segments remains elevated.ATLO
Q3 20257 Nov 2025 - Earnings fell as higher funding costs offset loan growth, pressuring the 2024 outlook.ATLO
Q2 202415 Oct 2025 - Net income surged as margins and efficiency improved, with strong capital and liquidity.ATLO
Q2 20258 Aug 2025
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