Ames National Corporation

Ames National Corporation reported net income of $19.0 million for FY 2025, a significant increase of 86.2% from $10.2 million in FY 2024. This growth was primarily driven by a 23.8% increase in net interest income to $55.7 million, resulting from higher yields on loans and investments combined with a lower cost of funds. Total interest and dividend income rose to $87.1 million, while total interest expense decreased to $31.4 million. Noninterest income increased to $11.2 million, and noninterest expense remained stable at $41.9 million. The company's return on average assets improved to 0.90% from 0.48%, and return on average equity increased to 9.95% from 6.02%. Total assets were $2.13 billion as of December 31, 2025, with total deposits of $1.85 billion and stockholders' equity of $207.9 million.

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