8-K Announcements
6Apr 24, 2026·SEC
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Jan 23, 2026·SEC
Ames National Corporation (ATLO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ames National Corporation (ATLO) stock price & volume — 10-year historical chart
Ames National Corporation (ATLO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ames National Corporation (ATLO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | 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 |
| Q4 2025 | Oct 17, 2025 | $0.51 | $24M |
Ames National Corporation (ATLO) competitors in Community and retail regional banks — business model, growth, and fundamentals comparison
Ames National Corporation (ATLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ames National Corporation (ATLO) annual income statement — 10-year revenue, gross profit & net income history
| Line item | 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 |
Ames National Corporation (ATLO) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 |
Ames National Corporation (ATLO) cash flow — operating, investing & free cash flow history
| Line item | 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% |
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% |
Ames National Corporation (ATLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 24, 2026·SEC
Feb 13, 2026·SEC
Jan 23, 2026·SEC
Ames National Corporation (ATLO) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
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.
Ames National Corporation (ATLO) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates