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Ames National Corporation ATLO R2KFINANCIAL

Financial Services · Banks - Regional · United States
https://www.amesnational.com
Company Profile ↓
$32.44
+74.04% 1Y
Mkt Cap$287.33M
P/E12.53
P/B1.30
Div. Yield3.06%
52W High$32.44
52W Low$18.25
Book Value$24.06
EPS (TTM)$2.59

Company Overview

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. It accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. The company also provides loans, such as short-term and medium-term commercial, multi-family and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; consumer loans to finance consumer purchases, such as automobiles, trucks, recreational vehicles, household furnishings, boats, 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, it offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit, 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 headquartered in Ames, Iowa.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 12.5, below the sector median of 14.5.

Healthy Margins

Maintains a net profit margin of 31.9%.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.10.

Dividend Income

Offers a dividend yield of 3.06%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $66.83M (+21.9% YoY); net profit $19.03M.
  • Trailing 12 Months Year-on-year growth — revenue +18.0%, earnings +32.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR 2.0%, profit CAGR 5.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:2.03%
1 Year:18.00%

Compounded Profit Growth

5 Years:5.11%
1 Year:32.10%

Stock Price Performance

1 Year:+74.04%
6 Months:+23.74%
3 Months:+9.66%
1 Month:+4.01%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 100% of range
$18.25 $32.44
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)68.34 · Neutral
Price Performance
1M+4.01%
3M+9.66%
6M+23.74%
1Y+74.04%
Valuation vs Sector

P/E of 12.53 is below the sector median of 14.52 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 31.9%.
  • Attractive dividend yield of 3.06%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
12.53
Industry PE
14.52
Forward P/E
11.50
PEG Ratio
1.03
Book Value
$24.06
Price to Book
1.30
P/S
3.85
EV/EBITDA
-
Dividend Yield
3.06%

Growth (CAGR)

Revenue 5Y
2.03%
Profit 5Y
5.11%
Revenue (YoY)
18.00%
Earnings (YoY)
32.10%

Profitability & Returns

ROCE
-
ROE
11.31%
ROA
1.09%
Profit Margin
31.91%
Op Margin
42.50%
Gross Margin
0.00%
EPS (Latest Qtr)
$0.67
EPS (TTM)
$2.59

Balance Sheet & Liquidity

Debt/Equity
0.10
Quick Ratio
-
Current Ratio
-
Debt
$47.35M
Total Assets
$2.12B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
1.26%
Chg in Prom Hold
0.00%
FII / Inst Holding
41.62%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$287.33M
Total Revenue (TTM)
$71.97M
EBITDA
-
Free Cash Flow
$20.70M
Operating Cash Flow
$21.34M
Shares Outstanding
8.86M
Gross Margin
0.00%
Payout Ratio
33.98%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ATLO Ames National Corporation R2KFINANCIAL 32.44 12.53 $287.33M 3.06% - 11.31% 2.03% 5.11%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 358.64 15.37 $953.34B 1.68% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 506.03 15.07 $707.59B 0.00% - 10.50% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 374.00 31.86 $637.34B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 579.21 31.82 $503.60B 0.60% 60.19% - 12.29% 19.21%
6 BAC Bank of America Corporation SPXR3KFINANCIAL 62.68 14.48 $438.31B 2.03% - 11.20% 3.14% 4.27%
7 BRK-A Berkshire Hathaway Inc. FINANCIAL 759,350.00 15.07 $384.00B 0.00% - 10.50% 7.60% 10.02%
8 HSBC HSBC Holdings plc FINANCIAL 107.11 15.30 $367.34B 3.62% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 217.72 17.59 $342.26B 2.15% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ----------------------------------15.46M16.11M16.58M18.68M18.22M-
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense ----------------------------------8.20M8.02M7.80M7.41M6.79M-
Pretax Income ----------------------------------4.24M5.64M5.71M8.28M7.69M-
Tax Provision ----------------------------------794.00K1.12M1.16M1.76M1.73M-
Net Income 3.14M3.63M3.37M4.10M3.92M3.81M4.10M3.80M4.03M3.61M3.47M3.93M2.69M4.04M4.32M4.46M4.24M4.62M4.04M3.56M4.43M5.67M6.02M5.88M6.71M5.14M4.19M5.54M3.20M2.56M2.92M2.30M2.18M2.22M3.44M4.51M4.56M6.51M5.96M5.93M
Diluted EPS ----------------------------------0.390.510.510.730.67-

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------------62.93M53.84M54.81M66.83M
Cost of Revenue -----------------
Gross Profit -----------------
Operating Expenses -----------------
Operating Income -----------------
EBITDA -----------------
Interest Expense -------------8.31M29.68M37.63M31.43M
Pretax Income -------------25.16M12.89M12.24M23.87M
Tax Provision -------------5.87M2.07M2.02M4.84M
Net Income 9.01M12.97M13.92M14.18M13.95M15.25M15.01M15.73M13.70M17.01M17.19M18.85M-19.29M10.82M10.22M19.03M
Diluted EPS 0.951.371.48----------2.141.201.142.14

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --962.97M1.04B1.22B1.23B1.30B1.33B1.37B1.38B1.46B1.74B1.98B-2.13B2.16B2.13B2.13B
Current Assets ------------------
Cash & Equivalents ---22.83M34.81M24.27M23.73M24.01M29.48M26.40M30.38M34.62M173.10M-42.55M64.00M107.39M132.43M
Inventory ------------------
Receivables --------------11.28M12.95M13.86M14.07M
Total Liabilities --841.61M901.01M1.07B1.09B1.15B1.17B1.20B1.20B1.28B1.55B1.77B-1.99B1.99B1.96B1.93B
Current Liabilities ------------------
Long Term Debt --20.00M20.00M20.00M20.00M23.00M13.00M13.00M13.00M----39.12M110.59M46.95M21.35M
Total Debt --------------39.12M110.59M46.95M21.35M
Total Equity 103.84M112.34M121.36M134.56M144.74M142.11M154.67M161.25M165.11M170.75M172.87M187.58M209.49M-149.10M165.79M174.71M207.89M
Shares Outstanding --------------8.99M8.99M8.95M8.86M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 11.40M16.82M21.27M22.01M23.53M19.51M22.62M21.42M18.85M20.71M20.18M29.71M-21.23M19.21M14.30M21.34M
Investing Cash Flow -63.25M-54.31M-65.27M-76.96M-47.92M16.18M-34.38M-43.47M-16.90M8.64M-78.96M-184.26M--127.38M19.06M71.98M44.21M
Financing Cash Flow 45.95M34.16M51.35M66.92M13.86M-36.23M12.03M27.52M-5.03M-25.35M63.01M205.83M-44.91M-11.05M-40.15M-40.02M
Capital Expenditure 203.00K-362.51K-554.10K-863.38K-445.79K-1.59M-2.20M-267.76K-518.15K-616.54K-780.44K-1.25M--2.86M-4.89M-298.00K-642.00K
Free Cash Flow 11.60M16.46M20.72M21.15M23.08M17.92M20.43M21.15M18.33M20.09M19.40M28.46M-18.37M14.31M14.00M20.70M
Net Change in Cash --------------61.24M27.22M46.13M25.53M
Share Buybacks 002.02M00----452.22K1.81M1.99M710.00K2.30M0704.00K1.68M
Dividends Paid -5.47M4.06M4.70M5.40M5.87M6.52M7.26M7.73M8.10M10.80M8.78M9.07M9.39M9.68M9.71M9.08M7.11M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -------------30.7%20.1%18.6%28.5%
ROE % 8.0%10.7%10.3%9.8%9.8%9.9%9.3%9.5%8.0%9.8%9.2%9.0%-12.9%6.5%5.8%9.2%
ROCE % -----------------

Shareholding Pattern

Insiders
1.26%
Institutions
41.62%
Public Float
42.15%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.71% 683.15K $21.59M
2 Vanguard Capital Management LLC 4.38% 387.61K $12.25M
3 Dimensional Fund Advisors LP 3.38% 299.30K $9.46M
4 Geode Capital Management, LLC 2.52% 223.41K $7.06M
5 State Street Corporation 2.31% 204.85K $6.47M
6 American Century Companies Inc 1.56% 137.96K $4.36M
7 Arrowstreet Capital, Limited Partnership 1.53% 135.90K $4.29M
8 Qube Research & Technologies Ltd 0.96% 85.23K $2.69M
9 Marshall Wace LLP 0.94% 83.62K $2.64M
10 Elizabeth Park Capital Advisors, Ltd. 0.91% 80.48K $2.54M

Analyst View

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Latest News

Recent headlines for ATLO

Google News ue, 01 Sep 2026

Ames National (ATLO) director adds 180 shares in open-market buy - Stock Titan

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Google News Fri, 21 Aug 2026

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Google News Sun, 19 Jul 2026

Ames National (ATLO) Stock Highlights Stronger Net Interest Margin Challenging Long‑Term Earnings Concerns - simplywall.st

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Ames National Corp Acquires New Holdings in Ames National Corporation $ATLO - marketbeat.com

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ATLO — Frequently Asked Questions

What is the current share price of Ames National Corporation (ATLO)?

As of 2026-09-07 16:24 PDT, Ames National Corporation (ATLO) trades at $32.44 on NasdaqCM. Its 52-week range is $18.25 to $32.44.

What is the market capitalisation of ATLO?

Ames National Corporation (ATLO) has a market capitalisation of $287.33M on NasdaqCM.

What is the P/E ratio of ATLO?

ATLO trades at a trailing price-to-earnings (P/E) ratio of 12.53. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 1.30.

Does ATLO pay a dividend?

Ames National Corporation (ATLO) currently offers a dividend yield of 3.06%.

What is the return on equity (ROE) of ATLO?

ATLO has a return on equity (ROE) of 11.31%.

Is ATLO a good stock to buy?

This page provides a data-driven analysis of Ames National Corporation (ATLO), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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