Ames National Q2 FY26 net income rises 31.11% to $5.9 million; net interest margin widens 0.53 percentage points to 3.18%
ATLO•Quarterly profit and margin improve
Ames National posted net income of $5.9 million for the quarter ended June 30, 2026, up 31.11%, with EPS rising to $0.67 from $0.51.
Net interest income (GAAP) climbed to $16.38 million, with net interest margin (non-GAAP, FTE) widening 0.53 percentage points to 3.18%.
Expenses, credit costs and balance-sheet trends
Credit loss expense increased to $208,000, while noninterest expense rose 7.8% to $11.2 million; the efficiency ratio improved to 58.52%.
Total assets were $2.12 billion at June 30, down $10.6 million from Dec. 31, while the investment portfolio grew $39 million to $695 million.
Problem loans rose to 1.55% of total loans at June 30 from 1.19% at Dec. 31; allowance for credit losses held at .
