Ames National Corporation Q2 2026 Earnings Report - Strong Growth in Net Income

Ames National Corporation reported strong second quarter 2026 results with net income of $5.9 million ($0.67 per share), a 31.5% increase from $4.5 million ($0.51 per share) in Q2 2025. For the six months ended June 30, 2026, net income totaled $11.9 million ($1.34 per share), up 49.5% from $8.0 million ($0.89 per share) in the same period of 2025. The earnings growth was primarily driven by a 21.7% increase in net interest income to $16.4 million in Q2 2026, resulting from higher yields on investments and lower funding costs. The company's net interest margin improved to 3.18% from 2.65% year-over-year. Total assets increased to $2.12 billion, while deposits grew 1.8% to $1.85 billion. The company declared a quarterly cash dividend of $0.24 per share and maintained a strong capital position with stockholders' equity representing 10.0% of total assets.