Symbols / ATLO $28.21 -0.07% Ames National Corporation

Financial Services • Banks - Regional • United States • NCM
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About

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.

Fundamentals
Scroll to Statements
Market Cap 250.85M Enterprise Value 177.18M Income 19.03M Sales 65.03M Book/sh 23.47 Cash/sh 15.03
Dividend Yield 3.40% Payout 37.38% Employees 247 IPO — P/E 13.18 Forward P/E 10.00
PEG 1.03 P/S 3.86 P/B 1.20 P/C — EV/EBITDA — EV/Sales 2.73
Quick Ratio — Current Ratio — Debt/Eq — LT Debt/Eq — EPS (ttm) 2.14 EPS next Y 2.82
EPS Growth 88.30% Revenue Growth 31.60% Earnings 2026-04-24 ROA 0.89% ROE 9.95% ROIC —
Gross Margin 0.00% Oper. Margin 46.23% Profit Margin 29.26% Shs Outstand 8.86M Shs Float 8.71M Short Float 2.44%
Short Ratio 4.88 Short Interest — 52W High 29.71 52W Low 16.52 Beta 0.31 Avg Volume 49.38K
Volume 48.72K Target Price $31.00 Recom Hold Prev Close $28.23 Price $28.21 Change -0.07%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.00
Mean price target
2. Current target
$28.21
Latest analyst target
3. DCF / Fair value
$32.10
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$28.21
Low
$31.00
High
$31.00
Mean
$31.00
News
RSS: Latest ATLO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 CASSABAUM MICHELLE R Director — 205 $27.25 $5,586
2026-01-30 CASSABAUM MICHELLE R Director — 280 $26.11 $7,311
2025-12-10 TROST SCOT A Director — 200 $22.88 $4,576
2025-12-02 BAUER SCOTT T Officer of Subsidiary Company — 20 $21.68 $434
2025-11-26 BAUER SCOTT T Officer of Subsidiary Company — 187 $16.70 $4,016
2025-11-21 SWARTZ KEVIN L Director — 200 $20.80 $4,160
2025-11-17 PUTZIER JEFFREY K Officer of Subsidiary Company — 200 $21.25 $4,250
2025-11-13 BEALS DOUGLAS W Director — 500 $21.37 $10,685
2025-10-31 CASSABAUM MICHELLE R Director — 44 $20.82 $916
2025-10-24 HAGAN PATRICK G Director — 300 $20.85 $6,255
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
66.83
+21.93%
54.81
+1.81%
53.84
-14.45%
62.93
Operating Revenue
66.83
+21.93%
54.81
+1.81%
53.84
-14.45%
62.93
Selling General And Administration
27.20
+3.39%
26.31
+6.26%
24.76
+5.28%
23.52
General And Administrative Expense
27.20
+3.39%
26.31
+6.26%
24.76
+5.28%
23.52
Salaries And Wages
26.18
+4.10%
25.14
+6.26%
23.66
+3.30%
22.91
Other Gand A
—
—
—
—
Reconciled Depreciation
1.59
-6.03%
1.69
-3.42%
1.75
-12.31%
2.00
Net Income
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Pretax Income
23.87
+94.97%
12.24
-5.03%
12.89
-48.77%
25.16
Net Interest Income
55.66
+23.76%
44.98
+0.79%
44.62
-16.19%
53.24
Interest Expense
31.43
-16.48%
37.63
+26.81%
29.68
+257.15%
8.31
Interest Income
87.09
+5.43%
82.61
+11.18%
74.30
+20.71%
61.55
Gain On Sale Of Security
0.00
+100.00%
-0.17
-571.43%
0.04
-5.41%
0.04
Tax Provision
4.84
+139.20%
2.02
-2.36%
2.07
-64.69%
5.87
Tax Rate For Calcs
0.00
+22.69%
0.00
+3.29%
0.00
-31.33%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Net Income From Continuing Operation Net Minority Interest
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Net Income From Continuing And Discontinued Operation
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Net Income Continuous Operations
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Normalized Income
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Net Income Common Stockholders
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Diluted EPS
—
1.14
-5.00%
1.20
-43.93%
2.14
Basic EPS
—
1.14
-5.00%
1.20
-43.93%
2.14
Basic Average Shares
—
8.96
-0.57%
9.01
-0.01%
9.02
Diluted Average Shares
—
8.96
-0.57%
9.01
-0.01%
9.02
Diluted NI Availto Com Stockholders
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Amortization
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Amortization Of Intangibles Income Statement
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Depreciation Amortization Depletion Income Statement
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Depreciation And Amortization In Income Statement
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Insurance And Claims
1.03
-11.86%
1.16
+6.30%
1.09
+80.10%
0.61
Occupancy And Equipment
2.99
-0.50%
3.01
+1.42%
2.96
+0.68%
2.94
Other Non Interest Expense
9.35
-3.82%
9.72
-1.35%
9.86
+1.39%
9.72
Professional Expense And Contract Services Expense
2.08
-20.04%
2.60
+25.18%
2.08
+10.22%
1.89
Line Item Trend 2023-12-31
Total Assets
2,155.48
Cash And Cash Equivalents
64.00
Cash Financial
24.11
Other Short Term Investments
736.39
Receivables
12.95
Accounts Receivable
12.95
Other Receivables
12.95
Net PPE
22.55
Gross PPE
41.05
Accumulated Depreciation
-18.50
Land And Improvements
4.21
Buildings And Improvements
28.51
Machinery Furniture Equipment
8.33
Construction In Progress
0.00
Goodwill And Other Intangible Assets
13.85
Goodwill
12.42
Other Intangible Assets
1.43
Investments And Advances
736.39
Total Liabilities Net Minority Interest
1,989.69
Payables And Accrued Expenses
7.14
Payables
7.14
Accounts Payable
4.71
Dividends Payable
2.43
Current Accrued Expenses
—
Long Term Debt And Capital Lease Obligation
110.59
Long Term Debt
110.59
Stockholders Equity
165.79
Common Stock Equity
165.79
Capital Stock
17.98
Common Stock
17.98
Share Issued
8.99
Ordinary Shares Number
8.99
Treasury Shares Number
0.00
Additional Paid In Capital
14.25
Retained Earnings
180.44
Gains Losses Not Affecting Retained Earnings
-46.89
Other Equity Adjustments
-46.89
Total Equity Gross Minority Interest
165.79
Total Capitalization
276.38
Invested Capital
276.38
Total Debt
110.59
Net Debt
46.58
Net Tangible Assets
151.94
Tangible Book Value
151.94
Available For Sale Securities
—
Cash Cash Equivalents And Federal Funds Sold
64.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
21.34
+49.23%
14.30
-25.55%
19.21
-9.53%
21.23
Cash Flow From Continuing Operating Activities
21.34
+49.23%
14.30
-25.55%
19.21
-9.53%
21.23
Net Income From Continuing Operations
19.03
+86.21%
10.22
-5.54%
10.82
-43.93%
19.29
Depreciation Amortization Depletion
1.59
-6.03%
1.69
-3.42%
1.75
-12.31%
2.00
Depreciation
1.29
-4.87%
1.35
+8.40%
1.25
-12.22%
1.42
Amortization Cash Flow
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Depreciation And Amortization
1.59
-6.03%
1.69
-3.42%
1.75
-12.31%
2.00
Amortization Of Intangibles
0.30
-10.68%
0.34
-32.87%
0.50
-12.54%
0.57
Other Non Cash Items
-0.08
-138.68%
0.21
-32.70%
0.32
-17.75%
0.38
Deferred Tax
0.72
-5.17%
0.76
-50.75%
1.53
-22.93%
1.99
Deferred Income Tax
0.72
-5.17%
0.76
-50.75%
1.53
-22.93%
1.99
Operating Gains Losses
-0.54
-51.53%
-0.36
+9.57%
-0.40
+44.78%
-0.72
Gain Loss On Investment Securities
0.00
-100.00%
0.17
+571.43%
-0.04
+5.41%
-0.04
Gain Loss On Sale Of PPE
—
—
0.00
+100.00%
-0.08
Change In Working Capital
-0.37
-206.67%
0.34
-88.00%
2.87
+193.37%
-3.08
Change In Receivables
-0.20
+77.72%
-0.91
+45.71%
-1.68
-45.79%
-1.15
Change In Payables And Accrued Expense
0.15
+309.86%
-0.07
-101.44%
4.92
+1107.58%
-0.49
Change In Accrued Expense
0.80
-44.44%
1.43
+63.92%
0.87
+208.99%
-0.80
Change In Payable
-0.65
+56.99%
-1.50
-137.14%
4.04
+1192.01%
0.31
Change In Account Payable
-0.65
+56.99%
-1.50
-137.14%
4.04
+1192.01%
0.31
Change In Other Current Assets
-0.31
-123.66%
1.33
+463.56%
-0.36
+74.64%
-1.44
Change In Other Current Liabilities
—
—
—
-0.49
Investing Cash Flow
44.21
-38.58%
71.98
+277.61%
19.06
+114.96%
-127.38
Cash Flow From Continuing Investing Activities
44.21
-38.58%
71.98
+277.61%
19.06
+114.96%
-127.38
Net PPE Purchase And Sale
-0.64
-115.44%
-0.30
+93.91%
-4.89
-79.07%
-2.73
Purchase Of PPE
-0.64
-115.44%
-0.30
+93.91%
-4.89
-71.24%
-2.86
Sale Of PPE
—
—
0.00
-100.00%
0.12
Capital Expenditure
-0.64
-115.44%
-0.30
+93.91%
-4.89
-71.24%
-2.86
Net Investment Purchase And Sale
20.25
-79.13%
97.02
+39.45%
69.57
+253.96%
-45.19
Purchase Of Investment
-119.13
-676.43%
-15.34
-139.06%
-6.42
+95.46%
-141.31
Sale Of Investment
139.38
+24.05%
112.36
+47.87%
75.99
-20.95%
96.13
Net Business Purchase And Sale
—
—
—
—
Purchase Of Business
—
—
—
—
Net Other Investing Changes
4.21
+689.51%
-0.71
-146.82%
1.53
+228.21%
-1.19
Financing Cash Flow
-40.02
+0.32%
-40.15
-263.31%
-11.05
-124.61%
44.91
Cash Flow From Continuing Financing Activities
-40.02
+0.32%
-40.15
-263.31%
-11.05
-124.61%
44.91
Net Issuance Payments Of Debt
-25.60
+59.77%
-63.64
-189.04%
71.47
+97.86%
36.12
Issuance Of Debt
2.80
-97.87%
131.45
-51.29%
269.85
+6646.25%
4.00
Repayment Of Debt
-22.40
+87.35%
-177.09
+5.28%
-186.96
-5565.52%
-3.30
Long Term Debt Issuance
2.80
-97.87%
131.45
-51.29%
269.85
+6646.25%
4.00
Long Term Debt Payments
-22.40
+87.35%
-177.09
+5.28%
-186.96
-5565.52%
-3.30
Net Long Term Debt Issuance
-19.60
+57.05%
-45.64
-155.06%
82.89
+11741.14%
0.70
Short Term Debt Issuance
—
—
—
35.42
Net Short Term Debt Issuance
-6.00
+66.67%
-18.00
-57.62%
-11.42
-132.24%
35.42
Net Common Stock Issuance
-1.68
-139.20%
-0.70
0.00
+100.00%
-2.30
Common Stock Payments
-1.68
-139.20%
-0.70
0.00
+100.00%
-2.30
Common Stock Dividend Paid
-7.11
+21.68%
-9.08
+6.49%
-9.71
-0.38%
-9.68
Cash Dividends Paid
-7.11
+21.68%
-9.08
+6.49%
-9.71
-0.38%
-9.68
Repurchase Of Capital Stock
-1.68
-139.20%
-0.70
0.00
+100.00%
-2.30
Changes In Cash
25.53
-44.66%
46.13
+69.47%
27.22
+144.44%
-61.24
Beginning Cash Position
101.23
+83.71%
55.10
+97.61%
27.88
-68.72%
89.13
End Cash Position
126.75
+25.22%
101.23
+83.71%
55.10
+97.61%
27.88
Free Cash Flow
20.70
+47.83%
14.00
-2.18%
14.31
-22.10%
18.37
Interest Paid Supplemental Data
32.08
-18.03%
39.13
+52.67%
25.63
+199.44%
8.56
Income Tax Paid Supplemental Data
4.51
+621.25%
0.63
-65.47%
1.81
-63.51%
4.97
Amortization Of Securities
-0.04
-104.38%
0.84
-44.62%
1.52
-28.55%
2.13
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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