← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

ATLO logoAmes National Corporation(ATLO)Earnings, Financials & Key Ratios

ATLO•NASDAQ•Banking & Credit
$28.60
$253M mkt cap·13.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutAmes National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.Show more
  • Net Interest Income$56M+23.8%
  • Total Revenue$98M+6.3%
  • Net Income$19M+86.2%
  • Return on Equity9.95%+65.7%
  • Net Interest Margin2.61%+23.7%
  • Efficiency Ratio42.67%-6.0%
  • ROA0.89%+87.2%
  • Equity / Assets9.74%+19.0%
  • Book Value per Share23.30+19.9%
  • Tangible BV/Share21.82+21.7%
  • Debt/Equity0.29-49.1%
Technical→

ATLO Key Insights

Ames National Corporation (ATLO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 9/9
  • ✓Efficient operations: 42.7% efficiency ratio
  • ✓Momentum leader: RS Rating 80 (top 20%)
  • ✓Healthy dividend yield of 2.8%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ATLO Price & Volume

Ames National Corporation (ATLO) stock price & volume — 10-year historical chart

Loading chart...

ATLO Growth Metrics

Ames National Corporation (ATLO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.69%
5 Years5.96%
3 Years11.32%
TTM-

Profit CAGR

10 Years2.4%
5 Years0.19%
3 Years-0.46%
TTM86.21%

EPS CAGR

10 Years2.89%
5 Years0.76%
3 Years0%
TTM87.72%

Return on Capital

10 Years9.51%
5 Years7.87%
3 Years4.18%
Last Year2.36%

ATLO Recent Earnings

Ames National Corporation (ATLO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 1/12 qtrs (100%)●Beat Revenue 1/12 qtrs (100%)
Q2 2026Latest
Apr 24, 2026
EPS
$0.67
Est $0.62
+8.1%
Revenue
$25M
Est $18M
+38.1%
Q2 2026
Mar 12, 2026
EPS
$0.73
Revenue
$26M
Q1 2026
Jan 23, 2026
EPS
$0.73
Revenue
$26M
Q4 2025
Oct 17, 2025
EPS
$0.51
Revenue
$24M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 24, 2026
$0.67vs $0.62+8.1%
$25Mvs $18M+38.1%
Q2 2026Mar 12, 2026
$0.73
$26M
Q1 2026Jan 23, 2026
$0.73
$26M
Q4 2025Oct 17, 2025
$0.51
$24M
Based on last 12 quarters of dataView full earnings history →

ATLO Peer Comparison

Ames National Corporation (ATLO) competitors in Community and retail regional banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MVBF logoMVBFMVB Financial Corp.Direct Competitor333.96M26.0012.6218.96%8.46%0.23
FBIZ logoFBIZFirst Business Financial Services, Inc.Direct Competitor470.37M56.389.306.43%14.12%0.70
HFWA logoHFWAHeritage Financial CorporationDirect Competitor933.57M27.4614.015.92%7.51%0.05
CZWI logoCZWICitizens Community Bancorp, Inc.Direct Competitor202.59M21.0414.41-9.41%7.81%0.28
MOFG logoMOFGMidWestOne Financial Group, Inc.Direct Competitor1.02B49.31-13.93-23.13%10.02%0.21
IROQ logoIROQIF Bancorp, Inc.Direct Competitor88.98M26.5519.386.61%5.99%0.89
STBA logoSTBAS&T Bancorp, Inc.Product Competitor1.63B44.5412.760.63%9.25%0.21
BFIN logoBFINBankFinancial CorporationProduct Competitor149.53M12.0036.364.52%1.47%0.25

Compare ATLO vs Peers

Ames National Corporation (ATLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MVBF

Most directly comparable listed peer for ATLO.

Scale Benchmark

vs ICE

Larger-name benchmark to compare ATLO against a more recognizable public peer.

Peer Set

Compare Top 5

vs MVBF, FBIZ, HFWA, CZWI

ATLO Income Statement

Ames National Corporation (ATLO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income40.21M42.12M45.25M54.84M56M53.24M44.63M44.98M55.66M
NII Growth %0.76%4.75%7.42%21.21%2.1%-4.92%-16.19%0.79%23.76%
Net Interest Margin %2.92%2.89%2.6%2.78%2.62%2.49%2.07%2.11%2.61%
Interest Income45.79M49.73M56.18M62.94M60.48M61.55M74.3M82.61M87.09M
Interest Expense5.58M7.6M10.93M8.1M4.49M8.31M29.68M37.63M31.43M
Loan Loss Provision1.52M639.32K1.31M5.68M-757K-874K789K592K1.7M
Non-Interest Income7.99M7.9M8.63M10.62M10.54M9.69M9.21M9.84M11.17M
Non-Interest Income %14.86%13.71%13.32%14.44%14.84%13.6%11.03%10.64%11.37%
Total Revenue
53.79M▲ 0%
57.63M▲ 7.1%
64.81M▲ 12.5%
73.56M▲ 13.5%
71.02M▼ 3.5%
71.24M▲ 0.3%
83.52M▲ 17.2%
92.44M▲ 10.7%
98.26M▲ 6.3%
Revenue Growth %3.17%7.14%12.46%13.51%-3.46%0.31%17.23%10.69%6.29%
Non-Interest Expense25.4M27.97M31.52M36.55M36.62M38.64M40.16M41.98M41.93M
Efficiency Ratio47.23%48.53%48.64%49.69%51.56%54.24%48.09%45.41%42.67%
Operating Income
21.28M▲ 0%
21.42M▲ 0.6%
21.04M▼ 1.8%
23.23M▲ 10.4%
30.67M▲ 32.0%
25.16M▼ 18.0%
12.89M▼ 48.8%
12.24M▼ 5.0%
23.21M▲ 89.6%
Operating Margin %39.57%37.17%32.47%31.58%43.19%35.32%15.43%13.24%23.62%
Operating Income Growth %-5.58%0.65%-1.76%10.4%32.03%-17.97%-48.77%-5.03%89.58%
Pretax Income
21.28M▲ 0%
21.42M▲ 0.6%
21.04M▼ 1.8%
23.23M▲ 10.4%
30.67M▲ 32.0%
25.16M▼ 18.0%
12.89M▼ 48.8%
12.24M▼ 5.0%
23.87M▲ 95.0%
Pretax Margin %39.57%37.17%32.47%31.58%43.19%35.32%15.43%13.24%24.29%
Income Tax7.58M4.41M3.85M4.38M6.76M5.87M2.07M2.02M4.84M
Effective Tax Rate %35.64%20.57%18.29%18.86%22.04%23.32%16.08%16.53%20.28%
Net Income
13.7M▲ 0%
17.01M▲ 24.2%
17.19M▲ 1.1%
18.85M▲ 9.6%
23.91M▲ 26.9%
19.29M▼ 19.3%
10.82M▼ 43.9%
10.22M▼ 5.5%
19.03M▲ 86.2%
Net Margin %25.47%29.52%26.53%25.62%33.67%27.08%12.95%11.05%19.36%
Net Income Growth %-12.95%24.21%1.06%9.63%26.86%-19.32%-43.93%-5.54%86.21%
Net Income (Continuing)13.7M17.01M17.19M18.85M23.91M19.29M10.82M10.22M19.03M
EPS (Diluted)
1.47▲ 0%
1.83▲ 24.5%
1.86▲ 1.6%
2.06▲ 10.8%
2.62▲ 27.2%
2.14▼ 18.3%
1.20▼ 43.9%
1.14▼ 5.0%
2.14▲ 87.7%
EPS Growth %-13.02%24.49%1.64%10.75%27.18%-18.32%-43.93%-5%87.72%
EPS (Basic)1.471.831.862.062.622.141.201.142.14
Diluted Shares Outstanding9.32M9.31M9.24M9.15M9.11M9.03M8.99M8.99M8.92M

ATLO Balance Sheet

Ames National Corporation (ATLO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments564.74M515.41M623.41M788.52M937.05M828.99M800.39M302.18M676.43M
Cash & Due from Banks69.42M56.44M143.56M191.52M106.05M42.55M64M107.39M20.48M
Short Term Investments495.32M458.97M479.84M597M831M786.44M736.39M194.79M655.95M
Total Investments1.27B1.35B1.53B1.73B1.98B2.01B2.01B1.95B655.95M
Investments Growth %-0.13%6.55%13.4%12.89%14.29%1.9%0.09%-3.06%-66.41%
Long-Term Investments771.55M890.86M1.05B1.13B1.14B1.23B1.28B1.76B0
Accounts Receivables8.38M9.42M11.79M11.14M10.12M11.28M12.95M13.86M1.28B
Goodwill & Intangibles7.82M12.42M16.07M15.56M14.93M14.36M13.85M13.52M13.21M
Goodwill6.73M9.74M12.12M12.42M12.42M12.42M12.42M12.42M12.42M
Intangible Assets1.09M2.68M3.96M3.13M2.5M1.93M1.43M1.09M791K
PP&E (Net)15.4M15.81M17.81M17.34M17.51M18.89M22.55M21.57M20.92M
Other Assets4.62M7.91M16.03M11.96M11.39M13.12M11.3M10.01M-7.49M
Total Current Assets573.12M524.83M635.2M799.66M947.18M840.27M813.35M316.04M1.96B
Total Non-Current Assets801.94M930.86M1.1B1.18B1.19B1.29B1.34B1.82B34.13M
Total Assets
1.38B▲ 0%
1.46B▲ 5.9%
1.74B▲ 19.3%
1.98B▲ 13.7%
2.14B▲ 8.2%
2.13B▼ 0.1%
2.16B▲ 1.0%
2.13B▼ 1.0%
2.13B▲ 0.0%
Asset Growth %0.63%5.86%19.34%13.73%8.17%-0.1%0.96%-1.03%0.02%
Return on Assets (ROA)1%1.2%1.08%1.02%1.16%0.9%0.5%0.48%0.89%
Accounts Payable00000666K4.71M3.21M0
Total Debt63.92M55.27M47.03M40.29M42.85M79.8M164.58M99.36M60.15M
Net Debt-5.49M-1.17M-96.53M-151.23M-63.2M37.24M100.58M-8.03M39.67M
Long-Term Debt26.5M14.6M5M3M3M39.12M110.59M46.95M21.35M
Short-Term Debt37.42M40.67M42.03M37.29M39.85M40.68M53.99M52.41M38.8M
Other Liabilities2.05M2.14M2.21M02.36M1.76M8.57M9.22M1.51B
Total Current Liabilities1.18B1.27B1.54B1.76B1.92B1.94B1.87B1.9B395.13M
Total Non-Current Liabilities28.55M16.74M7.21M4.73M5.36M40.88M119.16M56.17M1.53B
Total Liabilities1.2B1.28B1.55B1.77B1.93B1.99B1.99B1.96B1.93B
Total Equity
170.75M▲ 0%
172.87M▲ 1.2%
187.58M▲ 8.5%
209.49M▲ 11.7%
207.78M▼ 0.8%
149.1M▼ 28.2%
165.79M▲ 11.2%
174.71M▲ 5.4%
207.89M▲ 19.0%
Equity Growth %3.42%1.24%8.51%11.68%-0.82%-28.24%11.19%5.38%19%
Equity / Assets (Capital Ratio)12.42%11.88%10.8%10.6%9.72%6.98%7.69%8.19%9.74%
Return on Equity (ROE)8.16%9.9%9.54%9.49%11.46%10.81%6.87%6%9.95%
Book Value per Share18.3318.5720.3122.9022.8016.5118.4419.4323.30
Tangible BV per Share17.4917.2318.5721.2021.1614.9216.9017.9321.82
Common Stock18.62M18.59M18.45M18.25M18.18M17.98M17.98M17.9M17.71M
Additional Paid-in Capital20.88M20.46M18.79M17M16.35M14.25M14.25M13.63M12.13M
Retained Earnings131.68M137.89M146.22M158.22M170.38M179.93M180.44M182.24M195.99M
Accumulated OCI-432.37K-4.08M4.12M16.02M2.86M-63.07M-46.89M-39.06M-17.95M
Treasury Stock000000000
Preferred Stock000000000

ATLO Cash Flow Statement

Ames National Corporation (ATLO) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations18.85M20.71M20.18M29.71M30.47M21.23M19.21M14.3M21.34M
Operating CF Growth %-12.01%9.86%-2.54%47.24%2.55%-30.32%-9.53%-25.55%49.23%
Net Income13.7M17.01M17.19M18.85M23.91M19.29M10.82M10.22M19.03M
Depreciation & Amortization1.5M1.56M1.84M2.27M2.03M2M1.75M1.69M264K
Deferred Taxes858.4K-69.9K549.31K-448K1.37M1.99M1.53M755K-50K
Other Non-Cash Items4.04M2.01M-30.12K7.53M3.16M1.03M2.23M1.29M2.47M
Working Capital Changes-1.25M185.18K621.35K1.51M-5K-3.08M2.87M345K-368K
Cash from Investing-16.9M8.64M-78.96M-184.26M-268.57M-127.38M19.06M71.98M44.21M
Purchase of Investments-64.2M-25.98M-86.92M-238.62M-375.4M-141.31M-6.42M-15.34M-119.13M
Sale/Maturity of Investments79.75M72.33M106.73M135.16M120.63M96.13M75.99M112.36M139.38M
Net Investment Activity15.55M46.35M19.8M-103.46M-254.76M-45.19M69.57M97.02M20.25M
Acquisitions0-13.44M-19.14M-310K00000
Other Investing-31.95M-23.66M-78.84M-79.25M-11.93M-79.34M-45.61M-24.74M23.96M
Cash from Financing-5.03M-25.35M63.01M205.83M154.13M44.91M-11.05M-40.15M-40.02M
Dividends Paid-8.1M-10.8M-8.78M-9.07M-9.39M-9.68M-9.71M-9.08M-7.11M
Share Repurchases0-452.22K-1.81M-1.99M-710K-2.3M0-704K-1.68M
Stock Issued000000000
Net Stock Activity0-452.22K-1.81M-1.99M-710K-2.3M0-704K-1.68M
Debt Issuance (Net)-1000K-1000K-1000K-1000K1000K1000K1000K-1000K-1000K
Other Financing4.07M-2.2M83.21M218.9M161.67M20.76M-72.81M33.27M7.99M
Net Change in Cash
-3.08M▲ 0%
3.99M▲ 229.4%
4.23M▲ 6.2%
51.28M▲ 1111.5%
-83.97M▼ 263.7%
-61.24M▲ 27.1%
27.22M▲ 144.4%
46.13M▲ 69.5%
25.53M▼ 44.7%
Exchange Rate Effect000000000
Cash at Beginning29.48M26.4M30.38M121.82M173.1M89.13M27.88M55.1M101.23M
Cash at End26.4M30.38M34.62M173.1M89.13M27.88M55.1M101.23M126.75M
Interest Paid5.51M7.39M10.55M8.8M5.06M8.56M25.63M39.13M32.08M
Income Taxes Paid6.89M4.63M3.96M5.5M6.3M4.97M1.81M626K4.51M
Free Cash Flow
18.22M▲ 0%
20.07M▲ 10.2%
19.4M▼ 3.4%
28.46M▲ 46.7%
28.6M▲ 0.5%
18.37M▼ 35.7%
14.31M▼ 22.1%
14M▼ 2.2%
20.7M▲ 47.8%
FCF Growth %-12.14%10.18%-3.36%46.72%0.47%-35.75%-22.1%-2.18%47.83%

ATLO Banking Ratios

Ames National Corporation (ATLO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)9.64%8.16%9.9%9.54%9.49%11.46%10.81%6.87%6%9.95%
Return on Assets (ROA)1.17%1%1.2%1.08%1.02%1.16%0.9%0.5%0.48%0.89%
Net Interest Margin2.92%2.92%2.89%2.6%2.78%2.62%2.49%2.07%2.11%2.61%
Efficiency Ratio47.83%47.23%48.53%48.64%49.69%51.56%54.24%48.09%45.41%42.67%
Equity / Assets12.08%12.42%11.88%10.8%10.6%9.72%6.98%7.69%8.19%9.74%
Book Value / Share17.7318.3318.5720.3122.922.816.5118.4419.4323.3
NII Growth2.43%0.76%4.75%7.42%21.21%2.1%-4.92%-16.19%0.79%23.76%
Dividend Payout49.11%59.14%63.48%51.09%48.13%39.26%50.15%89.78%88.88%37.38%

ATLO SEC Filings & Documents

Ames National Corporation (ATLO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 24, 2026·SEC

Material company update

Feb 13, 2026·SEC

Material company update

Jan 23, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

ATLO Frequently Asked Questions

Ames National Corporation (ATLO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ames National Corporation (ATLO) grew revenue by 6.3% over the past year. This is steady growth.

Yes, Ames National Corporation (ATLO) is profitable, generating $19.0M in net income for fiscal year 2025 (19.4% net margin).

Dividend & Returns

Yes, Ames National Corporation (ATLO) pays a dividend with a yield of 2.79%. This makes it attractive for income-focused investors.

Ames National Corporation (ATLO) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Industry Metrics

Ames National Corporation (ATLO) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Ames National Corporation (ATLO) has an efficiency ratio of 42.7%. This is excellent, indicating strong cost control.

Explore More ATLO

Ames National Corporation (ATLO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.