Ames National (NASDAQ: ATLO) raises dividend 20% and names 2026 board nominees

Rhea-AI Filing Summary

Ames National Corporation filed a current report describing two key updates. The company’s board declared a cash dividend of $0.24 per common share, payable on March 13, 2026 to shareholders of record on February 27, 2026. This dividend is $0.04 per share, or 20%, higher than the prior quarter, signaling a step up in cash returns to shareholders. The company also named three nominees for election to its board at the Annual Meeting on April 29, 2026, including current directors Jeffery C. Baker and Patrick G. Hagan and new nominee Amy F. Rieck.

Positive

• 20% dividend increase: The quarterly cash dividend was raised to $0.24 per share, up $0.04 or 20% from the prior quarter, indicating management’s confidence in the company’s financial position and ongoing cash-generating ability.

Negative

• None.

Insights

Dividend and capital allocation analyst

Ames National boosts its quarterly dividend by 20% and refreshes its board slate.

The board of Ames National Corporation raised the quarterly cash dividend to $0.24 per share, a 20% increase from the prior quarter. A higher regular dividend typically reflects confidence in recurring earnings and cash generation, especially for a bank holding company.

The company also proposed three directors for three-year terms, including two incumbents and one new nominee, Amy F. Rieck. This mix balances continuity with incremental board refreshment. The dividend will be paid on March 13, 2026 to shareholders of record on February 27, 2026, so its benefit depends on holding shares through the record date.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 11, 2026

Date of Report (Date of Earliest Event Reported)

AMES NATIONAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Iowa	0-32637	42-1039071
(State or Other Jurisdiction of  Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer  Identification No.)

323 SIXTH STREET

AMES, Iowa 50010

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (515) 232-6251

NOT APPLICABLE

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock, $2.00 par value	ATLO	NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

Item 7.01 Regulation FD Disclosure

For the benefit of its investors, the Company hereby furnishes the attached 2025 Summary Annual Report as Exhibit 99.1.

The information furnished in this item of this Form 8-K, and the related exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item 8.01 Other Events

On February 11, 2026, the Company announced the declaration of a cash dividend and nominees to stand for election to the Board of Directors at the Annual Meeting of Shareholders scheduled for April 29, 2026. A copy of the press release dated February 13, 2026 is attached as Exhibit 99.2.

Item 9.01 Financial Statement and Exhibits

(d) The following exhibits are furnished as part of this Report.

Exhibit No.	Description
99.1	2025 Summary Annual Report
99.2	News Release dated February 13, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMES NATIONAL CORPORATION
Date: February 13, 2026	By:	/s/ John P. Nelson
		John P. Nelson, President
		(Principal Executive Officer)

Exhibit 99.1

PRESS RELEASE         Exhibit 99.2

FOR IMMEDIATE RELEASE	CONTACT:	JOHN P. NELSON,
		PRESIDENT
		(515) 232-6251

February 13, 2026

AMES NATIONAL CORPORATION DECLARED CASH DIVIDEND AND ANNOUNCED NOMINEES FOR THE BOARD OF DIRECTORS IN 2026

AMES, IOWA – On February 11, 2026, the Board of Directors of Ames National Corporation (the “Company”) declared a cash dividend of $0.24 per common share. The dividend is payable March 13, 2026, to shareholders of record at the close of business on February 27, 2026. The dividend is an increase of $0.04 per share or 20% from the prior quarter.

The Company also announced three nominees to stand for election to the Board of Directors at the upcoming Annual Meeting of Shareholders scheduled for April 29, 2026. The nominees for a three-year term are Jeffery C. Baker and Patrick G. Hagan, each of whom is currently serving as a director and is standing for re-election to the Board, and Amy F. Rieck, who has not previously served as a director of the Company.

This press release is not a solicitation of proxies from holders of common stock of the Company. The Company will provide shareholders with a proxy statement and related materials in connection with the 2026 Annual Meeting of Shareholders. Any solicitation of proxies by or on behalf of the Company in connection with the 2026 Annual Meeting of Shareholders will be conducted upon and following the dissemination of the proxy statement and other materials in accordance with applicable law.

Ames National Corporation is listed on the NASDAQ Capital Market under the ticker symbol, ATLO. The Company’s affiliate banks include: First National Bank, Ames, Iowa; Boone Bank & Trust Co., Boone, Iowa; State Bank & Trust Co., Nevada, Iowa; Iowa State Savings Bank, Creston, Iowa; Reliance State Bank, Story City, Iowa; and United Bank & Trust Co., Marshalltown, Iowa. Additional information about the Company can be found at www.amesnational.com.

FAQ

What dividend did Ames National Corporation (ATLO) declare in February 2026?

Ames National Corporation declared a cash dividend of $0.24 per common share. The payment reflects a $0.04 per share, or 20%, increase from the prior quarter, highlighting stronger cash returns to shareholders through a higher regular dividend level.

When will Ames National Corporation’s new dividend be paid and who qualifies?

The $0.24 per share dividend will be paid on March 13, 2026. Shareholders of record at the close of business on February 27, 2026 will receive this cash payment, so investors must own shares before the record date to qualify.

How much did Ames National Corporation increase its quarterly dividend?

The company increased its quarterly cash dividend by $0.04 per share, from the prior quarter’s level. This represents a 20% dividend increase, suggesting greater confidence in earnings stability and the ability to support a higher ongoing cash payout to shareholders.

Who are the 2026 board nominees for Ames National Corporation (ATLO)?

The board nominated Jeffery C. Baker, Patrick G. Hagan, and Amy F. Rieck for three-year terms. Baker and Hagan are current directors standing for re-election, while Rieck is a new nominee who has not previously served as a director of the company.

When is Ames National Corporation’s 2026 Annual Meeting of Shareholders?

The 2026 Annual Meeting of Shareholders is scheduled for April 29, 2026. At this meeting, shareholders will vote on the nominated directors. The company plans to distribute a proxy statement and related materials before conducting any proxy solicitation.

What additional information did Ames National Corporation provide with this 8-K filing?

The company furnished its 2025 Summary Annual Report as an exhibit for investor information. It also attached a news release dated February 13, 2026 describing the dividend declaration and board nominees, giving shareholders more detail on these corporate actions.

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 10.3 KB
• EX-99.2 EXHIBIT 99.2 7.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB