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Ames National Corporation(ATLO)Earnings, Financials & Key Ratios
ATLO•NASDAQ•Banking & Credit
13.8× P/E·Price updated Jun 19, 2026
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%
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
- ✓Healthy dividend yield of 2.7%
- ✓Trading at only 1.3x 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.
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ATLO Price & Volume
Ames National Corporation (ATLO) stock price & volume — 10-year historical chart
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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
●Beat EPS 2/12 qtrs (100%)●Beat Revenue 2/12 qtrs (100%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.67+8.1%
$0.62
Rev
$25M+38.1%
$18M
Q2 2026
Apr 24, 2026Metric
Actual
Est
EPS
$0.67+8.1%
$0.62
Rev
$25M+38.1%
$18M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.73
—
Rev
$26M
—
Q1 2026
Jan 23, 2026Metric
Actual
Est
EPS
$0.73
—
Rev
$26M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.67vs $0.62+8.1% | $25Mvs $18M+38.1% |
| Q2 2026 | Apr 24, 2026 | $0.67vs $0.62+8.1% | $25Mvs $18M+38.1% |
| Q2 2026 | Mar 12, 2026 | $0.73 | $26M |
| Q1 2026 | Jan 23, 2026 | $0.73 | $26M |
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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MVBF | 354.9M | 27.63 | 13.41 | 18.96% | 13.74% | 8.46% | 0.23 | |
 FBIZ | 503.41M | 60.34 | 9.96 | 6.43% | 18.74% | 14.12% | 0.70 | |
 HFWA | 949.21M | 27.92 | 14.24 | 5.92% | 20.1% | 7.51% | 0.05 | |
 CZWI | 205.47M | 21.34 | 14.62 | -9.41% | 16.01% | 7.81% | 0.28 | |
 MOFG | 1.02B | 49.31 | -13.93 | -23.13% | 16.66% | 10.02% | 0.21 | |
 IROQ | 88.98M | 26.55 | 19.38 | 6.61% | 10.82% | 6.22% | 0.89 | |
 STBA | 1.72B | 46.84 | 13.42 | 0.63% | 23.61% | 9.25% | 0.21 | |
 BFIN | 149.53M | 12.00 | 36.36 | 4.52% | 3.19% | 1.48% | 0.25 |
Compare ATLO vs Peers
Ames National Corporation (ATLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ATLO Income Statement
Ames National Corporation (ATLO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 40.21M | 42.12M | 45.25M | 54.84M | 56M | 53.24M | 44.63M | 44.98M | 55.66M |
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 Income | 45.79M | 49.73M | 56.18M | 62.94M | 60.48M | 61.55M | 74.3M | 82.61M | 87.09M |
Interest Expense | 5.58M | 7.6M | 10.93M | 8.1M | 4.49M | 8.31M | 29.68M | 37.63M | 31.43M |
Loan Loss Provision | 1.52M | 639.32K | 1.31M | 5.68M | -757K | -874K | 789K | 592K | 1.7M |
Non-Interest Income | 7.99M | 7.9M | 8.63M | 10.62M | 10.54M | 9.69M | 9.21M | 9.84M | 11.17M |
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 Expense | 25.4M | 27.97M | 31.52M | 36.55M | 36.62M | 38.64M | 40.16M | 41.98M | 41.93M |
Efficiency Ratio | 47.23% | 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 Tax | 7.58M | 4.41M | 3.85M | 4.38M | 6.76M | 5.87M | 2.07M | 2.02M | 4.84M |
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) | 13.7M | 17.01M | 17.19M | 18.85M | 23.91M | 19.29M | 10.82M | 10.22M | 19.03M |
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) | 1.47 | 1.83 | 1.86 | 2.06 | 2.62 | 2.14 | 1.20 | 1.14 | 2.14 |
Diluted Shares Outstanding | 9.32M | 9.31M | 9.24M | 9.15M | 9.11M | 9.03M | 8.99M | 8.99M | 8.92M |
ATLO Balance Sheet
Ames National Corporation (ATLO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 564.74M | 515.41M | 623.41M | 788.52M | 937.05M | 828.99M | 800.39M | 302.18M | 676.43M |
Cash & Due from Banks | 69.42M | 56.44M | 143.56M | 191.52M | 106.05M | 42.55M | 64M | 107.39M | 20.48M |
Short Term Investments | 495.32M | 458.97M | 479.84M | 597M | 831M | 786.44M | 736.39M | 194.79M | 655.95M |
Total Investments | 1.27B | 1.35B | 1.53B | 1.73B | 1.98B | 2.01B | 2.01B | 1.95B | 655.95M |
Investments Growth % | -0.13% | 6.55% | 13.4% | 12.89% | 14.29% | 1.9% | 0.09% | -3.06% | -66.41% |
Long-Term Investments | 771.55M | 890.86M | 1.05B | 1.13B | 1.14B | 1.23B | 1.28B | 1.76B | 0 |
Accounts Receivables | 8.38M | 9.42M | 11.79M | 11.14M | 10.12M | 11.28M | 12.95M | 13.86M | 1.28B |
Goodwill & Intangibles | 7.82M | 12.42M | 16.07M | 15.56M | 14.93M | 14.36M | 13.85M | 13.52M | 13.21M |
Goodwill | 6.73M | 9.74M | 12.12M | 12.42M | 12.42M | 12.42M | 12.42M | 12.42M | 12.42M |
Intangible Assets | 1.09M | 2.68M | 3.96M | 3.13M | 2.5M | 1.93M | 1.43M | 1.09M | 791K |
PP&E (Net) | 15.4M | 15.81M | 17.81M | 17.34M | 17.51M | 18.89M | 22.55M | 21.57M | 20.92M |
Other Assets | 4.62M | 7.91M | 16.03M | 11.96M | 11.39M | 13.12M | 11.3M | 10.01M | -7.49M |
Total Current Assets | 573.12M | 524.83M | 635.2M | 799.66M | 947.18M | 840.27M | 813.35M | 316.04M | 1.96B |
Total Non-Current Assets | 801.94M | 930.86M | 1.1B | 1.18B | 1.19B | 1.29B | 1.34B | 1.82B | 34.13M |
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 Payable | 0 | 0 | 0 | 0 | 0 | 666K | 4.71M | 3.21M | 0 |
Total Debt | 63.92M | 55.27M | 47.03M | 40.29M | 42.85M | 79.8M | 164.58M | 99.36M | 60.15M |
Net Debt | -5.49M | -1.17M | -96.53M | -151.23M | -63.2M | 37.24M | 100.58M | -8.03M | 39.67M |
Long-Term Debt | 26.5M | 14.6M | 5M | 3M | 3M | 39.12M | 110.59M | 46.95M | 21.35M |
Short-Term Debt | 37.42M | 40.67M | 42.03M | 37.29M | 39.85M | 40.68M | 53.99M | 52.41M | 38.8M |
Other Liabilities | 2.05M | 2.14M | 2.21M | 0 | 2.36M | 1.76M | 8.57M | 9.22M | 1.51B |
Total Current Liabilities | 1.18B | 1.27B | 1.54B | 1.76B | 1.92B | 1.94B | 1.87B | 1.9B | 395.13M |
Total Non-Current Liabilities | 28.55M | 16.74M | 7.21M | 4.73M | 5.36M | 40.88M | 119.16M | 56.17M | 1.53B |
Total Liabilities | 1.2B | 1.28B | 1.55B | 1.77B | 1.93B | 1.99B | 1.99B | 1.96B | 1.93B |
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 Share | 18.33 | 18.57 | 20.31 | 22.90 | 22.80 | 16.51 | 18.44 | 19.43 | 23.30 |
Tangible BV per Share | 17.49 | 17.23 | 18.57 | 21.20 | 21.16 | 14.92 | 16.90 | 17.93 | 21.82 |
Common Stock | 18.62M | 18.59M | 18.45M | 18.25M | 18.18M | 17.98M | 17.98M | 17.9M | 17.71M |
Additional Paid-in Capital | 20.88M | 20.46M | 18.79M | 17M | 16.35M | 14.25M | 14.25M | 13.63M | 12.13M |
Retained Earnings | 131.68M | 137.89M | 146.22M | 158.22M | 170.38M | 179.93M | 180.44M | 182.24M | 195.99M |
Accumulated OCI | -432.37K | -4.08M | 4.12M | 16.02M | 2.86M | -63.07M | -46.89M | -39.06M | -17.95M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ATLO Cash Flow Statement
Ames National Corporation (ATLO) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 18.85M | 20.71M | 20.18M | 29.71M | 30.47M | 21.23M | 19.21M | 14.3M | 21.34M |
Operating CF Growth % | -12.01% | 9.86% | -2.54% | 47.24% | 2.55% | -30.32% | -9.53% | -25.55% | 49.23% |
Net Income | 13.7M | 17.01M | 17.19M | 18.85M | 23.91M | 19.29M | 10.82M | 10.22M | 19.03M |
Depreciation & Amortization | 1.5M | 1.56M | 1.84M | 2.27M | 2.03M | 2M | 1.75M | 1.69M | 264K |
Deferred Taxes | 858.4K | -69.9K | 549.31K | -448K | 1.37M | 1.99M | 1.53M | 755K | -50K |
Other Non-Cash Items | 4.04M | 2.01M | -30.12K | 7.53M | 3.16M | 1.03M | 2.23M | 1.29M | 2.47M |
Working Capital Changes | -1.25M | 185.18K | 621.35K | 1.51M | -5K | -3.08M | 2.87M | 345K | -368K |
Cash from Investing | -16.9M | 8.64M | -78.96M | -184.26M | -268.57M | -127.38M | 19.06M | 71.98M | 44.21M |
Purchase of Investments | -64.2M | -25.98M | -86.92M | -238.62M | -375.4M | -141.31M | -6.42M | -15.34M | -119.13M |
Sale/Maturity of Investments | 79.75M | 72.33M | 106.73M | 135.16M | 120.63M | 96.13M | 75.99M | 112.36M | 139.38M |
Net Investment Activity | 15.55M | 46.35M | 19.8M | -103.46M | -254.76M | -45.19M | 69.57M | 97.02M | 20.25M |
Acquisitions | 0 | -13.44M | -19.14M | -310K | 0 | 0 | 0 | 0 | 0 |
Other Investing | -31.95M | -23.66M | -78.84M | -79.25M | -11.93M | -79.34M | -45.61M | -24.74M | 23.96M |
Cash from Financing | -5.03M | -25.35M | 63.01M | 205.83M | 154.13M | 44.91M | -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 Repurchases | 0 | -452.22K | -1.81M | -1.99M | -710K | -2.3M | 0 | -704K | -1.68M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Stock Activity | 0 | -452.22K | -1.81M | -1.99M | -710K | -2.3M | 0 | -704K | -1.68M |
Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
Other Financing | 4.07M | -2.2M | 83.21M | 218.9M | 161.67M | 20.76M | -72.81M | 33.27M | 7.99M |
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 Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 29.48M | 26.4M | 30.38M | 121.82M | 173.1M | 89.13M | 27.88M | 55.1M | 101.23M |
Cash at End | 26.4M | 30.38M | 34.62M | 173.1M | 89.13M | 27.88M | 55.1M | 101.23M | 126.75M |
Interest Paid | 5.51M | 7.39M | 10.55M | 8.8M | 5.06M | 8.56M | 25.63M | 39.13M | 32.08M |
Income Taxes Paid | 6.89M | 4.63M | 3.96M | 5.5M | 6.3M | 4.97M | 1.81M | 626K | 4.51M |
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
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
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 Margin | 2.92% | 2.92% | 2.89% | 2.6% | 2.78% | 2.62% | 2.49% | 2.07% | 2.11% | 2.61% |
Efficiency Ratio | 47.83% | 47.23% | 48.53% | 48.64% | 49.69% | 51.56% | 54.24% | 48.09% | 45.41% | 42.67% |
Equity / Assets | 12.08% | 12.42% | 11.88% | 10.8% | 10.6% | 9.72% | 6.98% | 7.69% | 8.19% | 9.74% |
Book Value / Share | 17.73 | 18.33 | 18.57 | 20.31 | 22.9 | 22.8 | 16.51 | 18.44 | 19.43 | 23.3 |
NII Growth | 2.43% | 0.76% | 4.75% | 7.42% | 21.21% | 2.1% | -4.92% | -16.19% | 0.79% | 23.76% |
Dividend Payout | 49.11% | 59.14% | 63.48% | 51.09% | 48.13% | 39.26% | 50.15% | 89.78% | 88.88% | 37.38% |
Related:ATLO Dividend History·ATLO Revenue History·ATLO Price History·ATLO P/E History·ATLO Financial Ratios·ATLO Institutional Holders
ATLO SEC Filings & Documents
Ames National Corporation (ATLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 2.71%. 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.