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Ames National Corp $ATLO

Financials

Russell 2000 Iowa
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$34.04
+1.38 (+4.23%)
As of Oct 22, 2026, 9:32 PM EDT
Price history
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Ames National Corp (ATLO) is trading up at $34.04 (+4.23%), as of the latest quote. It is a Russell 2000 constituent in the Financials sector.

Ames National Corp revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$66.8M$33.4M$0FY2016 revenue: $48.0MFY2016 net income: $15.7M · Net margin 32.8%'16FY2017 revenue: $48.2MFY2017 net income: $13.7M · Net margin 28.4%'17FY2018 revenue: $50.0MFY2018 net income: $17.0M · Net margin 34.0%'18FY2019 revenue: $53.9MFY2019 net income: $17.2M · Net margin 31.9%'19FY2020 revenue: $65.5MFY2020 net income: $18.9M · Net margin 28.8%'20FY2021 revenue: $66.5MFY2021 net income: $23.9M · Net margin 35.9%'21FY2022 revenue: $62.9MFY2022 net income: $19.3M · Net margin 30.7%'22FY2023 revenue: $53.8MFY2023 net income: $10.8M · Net margin 20.1%'23FY2024 revenue: $54.8MFY2024 net income: $10.2M · Net margin 18.6%'24FY2025 revenue: $66.8MFY2025 net income: $19.0M · Net margin 28.5%'250%10%20%30%40%FY2016 net margin: 32.8%FY2017 net margin: 28.4%FY2018 net margin: 34.0%FY2019 net margin: 31.9%FY2020 net margin: 28.8%FY2021 net margin: 35.9%FY2022 net margin: 30.7%FY2023 net margin: 20.1%FY2024 net margin: 18.6%FY2025 net margin: 28.5%
Ames National Corp annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$48.0M$48.2M$50.0M$53.9M$65.5M$66.5M$62.9M$53.8M$54.8M$66.8M
Growth (year over year)+1.6%+0.4%+3.8%+7.7%+21.5%+1.6%−5.4%−14.4%+1.8%+21.9%
Net income$15.7M$13.7M$17.0M$17.2M$18.9M$23.9M$19.3M$10.8M$10.2M$19.0M
Net margin32.8%28.4%34.0%31.9%28.8%35.9%30.7%20.1%18.6%28.5%
EPS (diluted)$1.69$1.47$1.83$1.86$2.06$2.62————
Balance sheet
Cash and equivalents$29.5M$26.4M$30.4M$34.6M$173.1M$89.1M$27.9M$55.1M$101.2M$126.8M
Total assets$1.37B$1.38B$1.46B$1.74B$1.98B$2.14B$2.13B$2.16B$2.13B$2.13B
Total liabilities$1.20B$1.20B$1.28B$1.55B$1.77B$1.93B$1.99B$1.99B$1.96B$1.93B
Long-term debt$13.0M$13.0M—————$3.49M$20.0M$18.4M
Shareholders' equity$165.1M$170.8M$172.9M$187.6M$209.5M$207.8M$149.1M$165.8M$174.7M$207.9M
Cash flow
Operating cash flow$21.4M$18.8M$20.7M$20.2M$29.7M$30.5M$21.2M$19.2M$14.3M$21.3M
Capital expenditure$267.8K$518.2K$616.5K$780.4K$1.25M$1.87M$2.86M$4.89M$298.0K$642.0K
Free cash flow$21.1M$18.3M$20.1M$19.4M$28.5M$28.6M$18.4M$14.3M$14.0M$20.7M
Dividends paid$7.73M$8.10M$10.8M$8.78M$9.07M$9.39M$9.68M$9.71M$9.08M$7.11M
Share buybacks——$452.2K$1.81M$1.99M$710.0K$2.30M$0$704.0K$1.68M

From Ames National Corp's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Ames National Corp

Headquarters
Ames, Iowa From SEC filings, Oct 2026

Recent News (2)

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