Ames National Corporation Raises Quarterly Dividend 20% to $0.24 Per Share
Ames National Corporation, an Iowa-based multibank holding company, declared a quarterly cash dividend of $0.24 per share, representing a 20% increase from the prior quarter's $0.20. The dividend is payable March 13, 2026 to shareholders of record as of February 27, 2026.
Ames National Corporation, a multibank holding company operating six affiliate banks across Iowa, declared a quarterly cash dividend of $0.24 per share on February 11, 2026. The payout represents a $0.04 increase, or 20%, from the company's previous quarterly dividend of $0.20 per share. Read more dividend announcements.
The dividend will be paid on March 13, 2026 to stockholders of record as of February 27, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.24 per share |
| Record Date | February 27, 2026 |
| Payment Date | March 13, 2026 |
| Frequency | Quarterly |
| Previous Amount | $0.20 per share |
Balance Sheet and Capital Position
As of March 31, 2026, the company's stockholders' equity totaled $207.6 million, up from $183.1 million a year earlier. The $24.5 million increase stemmed primarily from reduced unrealized losses on the investment portfolio and retained earnings in excess of dividends paid.
Stockholders' equity represented 9.7% of total assets at quarter-end. All six of the company's affiliate banks met the federal regulatory definition of well-capitalized as of March 31, 2026.
Other borrowings decreased to $18.2 million as of March 31, 2026, down from $35.8 million in the prior-year period. The company has continued reducing borrowings as investments mature and cash is redeployed.
Share Repurchase Activity
The company did not repurchase any shares during the first quarter of 2026 under its August 2025 authorization allowing for the repurchase of up to 200,000 shares. As of March 31, 2026, 165,053 shares remained available under the program.
Weighted average outstanding shares totaled 8,857,220 for the three months ended March 31, 2026, compared to 8,917,386 in the same period of 2025. The company had no potentially dilutive securities outstanding during either period.
About Ames National Corporation
Ames National Corporation operates through six affiliate banks in Iowa: First National Bank in Ames, Boone Bank & Trust Co. in Boone, State Bank & Trust Co. in Nevada, Reliance State Bank in Story City, United Bank & Trust Co. in Marshalltown, and Iowa State Savings Bank in Creston.