• Ames National posted Q1 net income of $6 million, up from $3.4 million a year earlier; earnings were $0.67 per share versus $0.39 per share.
• Net interest income rose to $15.4 million from $12.9 million, while net interest margin on a fully taxable equivalent basis widened to 3.01% from 2.53%.
• Credit loss expense swung to a $347,000 benefit from a $962,000 expense, while noninterest income increased to $2.8 million from $2.5 million.
• Noninterest expense climbed to $10.9 million from $10.3 million, with efficiency ratio improving to 59.69% from 66.38%.
• Total assets were $2.1 billion at March 31, 2026, up $9 million from Dec. 31, 2025, as investment portfolio grew to $688.8 million while net loans slipped to $1.26 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ames National Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-015819), on May 08, 2026, and is solely responsible for the information contained therein.