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ATLOAmes National Corporation
$32.05$284M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ATLO logo

Ames National Corporation

ATLO
NASDAQ · Regional Banks
$32.05
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$284M
P/E15.0x
52W High$32.84
Volume22.62K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Decentralized Operating Model Drives Stable Revenue Growth

Ames National Corporation exhibits a conservative growth trajectory supported by a robust capital base, with an equity-to-assets ratio consistently maintained between 0.08 and 0.10. While the bank has successfully grown net interest income to $15.4 million in ...

GrowthAccelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

ATLO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 79 · Avg

Average momentum (RS Rating: 79)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 17

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ATLO+44.11%
S&P 500 (^GSPC)+13.20%
1-Year Return
ATLO+59.97%
S&P 500 (^GSPC)+15.98%
3-Year Return
ATLO+100.98%
S&P 500 (^GSPC)+79.63%
5-Year Return
ATLO+60.20%
S&P 500 (^GSPC)+77.44%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
15.0x
Forward P/EExpansion
11.8x
EV/EBITDA80th %ile
13.1x
FCF YieldCash Flow
7.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.0x
11.0x
80th· High
EV/EBITDA
13.1x
9.9x
80th· High
Price/FCF
13.7x
10.6x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$67M+21.9% YoY
Net income
$19M+86.2% YoY
Free cash flow
$21M+47.8% YoY
Operating margin
23.6%+10.4 pts YoY
ROIC (TTM)6.4%
Avg ROIC 5Y-
ROE (TTM)9.9%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (100%)
Revenue Beat Rate3/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 17, 2026
$0.67+3.1%
vs $0.65
$26M+39.7%
vs $19M
Q2 2026
May 7, 2026
$0.67+8.1%
vs $0.62
$25M+38.1%
vs $18M
Q2 2026
Apr 24, 2026
$0.67+8.1%
vs $0.62
$25M+38.1%
vs $18M
Q2 2026
Mar 12, 2026
$0.73
vs —
$26M
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

3 Stories
Zacks Investment Research·Sep 11, 2026
Is Ames National (ATLO) Outperforming Other Finance Stocks This Year?

Here is how Ames National (ATLO) and Bread Financial Holdings (BFH) have performed compared to their sector so far this year.

Defense World·Sep 11, 2026
Bank of New York Mellon Corp Invests $908,000 in Ames National Corporation $ATLO

Bank of New York Mellon Corp purchased a new position in Ames National Corporation (NASDAQ: ATLO) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,668 shares of the financial services provider's stock, valued at approximately $908,000. Bank

Zacks Investment Research·Aug 27, 2026
HWBK vs. ATLO: Which Community Bank Stock Is the Better Buy Right Now?

Hawthorn Bancshares and Ames National benefit from different growth and income drivers, but which community bank stock looks more compelling now? Let's dive in.

Filtered for Ames National CorporationMore Headlines
04

Compare before deciding

Benchmark ATLO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Ames National Corporation (ATLO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ATLO logoATLOAmes National CorporationCurrent
$32.05$283.87M14.9821.93%19.36%9.95%2.49%
MVBF logoMVBFMVB Financial Corp.
$30.45$391.28M14.7834.4%17.71%11.57%—
FBIZ logoFBIZFirst Business Financial Services, Inc.
$70.24$587.36M11.599.89%19.28%14.75%—
HFWA logoHFWAHeritage Financial Corporation
$28.22$1.16B14.4013.51%23.17%7.69%—
CZWI logoCZWICitizens Community Bancorp, Inc.
$21.63$208.6M14.82-9.39%14.64%6.77%—
MOFG logoMOFGMidWestOne Financial Group, Inc.
$49.31$1.02B-13.93-57.38%16.66%10.02%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ATLO SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

May 15, 2026·SEC

Material company update

May 1, 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 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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ATLO Frequently Asked Questions

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

Growth & Financials
How fast is Ames National Corporation growing?

Ames National Corporation (ATLO) grew revenue by 21.9% over the past year. This is strong growth.

Is ATLO profitable?

Yes, Ames National Corporation (ATLO) is profitable, generating $23.0M in net income for fiscal year 2025 (19.4% net margin).

Dividend & Returns
Does ATLO pay dividends?

Yes, Ames National Corporation (ATLO) pays a dividend with a yield of 2.49%. This makes it attractive for income-focused investors.

What is ATLO's return on equity?

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

Industry Metrics
What is Ames National Corporation's net interest margin?

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

What is Ames National Corporation's efficiency ratio?

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

What if you invested $1,000 in ATLO back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →