# Ames National Corp (ATLO)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $267M  
**Price:** $30.16 (+0.03%)

> Ames National Corp is a bank holding company headquartered in Ames, Iowa, founded in 1975. It provides banking services through its subsidiary banks primarily in central and north central Iowa. The company offers a comprehensive range of lending products, including short-term and medium-term commercial loans, multi-family and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans, and mortgage loans originated for sale into the secondary market. Deposit services encompass various checking, savings, and time deposit accounts, along with cash management, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit, and automated teller machine access. Ames National Corp also manages investment securities portfolios and delivers wealth management services. As a results-oriented financial services holding company, it supplies leadership, counsel, and support to its affiliate banks while focusing on personal, business, agricultural, commercial lending, and related banking operations.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $87M | — | — | $19M | — |
| 2024 | $83M | — | — | $10M | — |
| 2023 | $74M | — | — | $11M | — |
| 2022 | $62M | — | — | $19M | — |
| 2021 | $60M | — | — | $24M | — |
| 2020 | $63M | — | — | $19M | — |
| 2019 | $56M | — | — | $17M | — |
| 2018 | $50M | — | — | $17M | — |
| 2017 | $46M | — | — | $14M | — |
| 2016 | $44M | — | — | $16M | — |
| 2015 | $43M | — | — | $15M | — |
| 2014 | $41M | — | — | $15M | — |
| 2013 | $38M | — | — | $14M | — |
| 2012 | $38M | — | — | $14M | — |
| 2011 | $38M | — | — | $14M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.13B | $1.93B | $208M | $127M | $18M |
| 2024 | $2.13B | $1.96B | $175M | $101M | $20M |
| 2023 | $2.16B | $1.99B | $166M | $55M | $3M |
| 2022 | $2.13B | $1.99B | $149M | $28M | — |
| 2021 | $2.14B | $1.93B | $208M | $89M | — |
| 2020 | $1.98B | $1.77B | $209M | $173M | — |
| 2019 | $1.74B | $1.55B | $188M | $35M | — |
| 2018 | $1.46B | $1.28B | $173M | $30M | — |
| 2017 | $1.38B | $1.20B | $171M | $26M | $13M |
| 2016 | $1.37B | $1.20B | $165M | $29M | $13M |
| 2015 | $1.33B | $1.17B | $161M | $24M | $13M |
| 2014 | $1.30B | $1.15B | $155M | $24M | $23M |
| 2013 | $1.23B | $1.09B | $142M | $24M | $20M |
| 2012 | $1.22B | $1.07B | $145M | $35M | $20M |
| 2011 | $1.04B | $901M | $135M | $23M | $20M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $21M | $642,000 | $21M |
| 2024 | $14M | $298,000 | $14M |
| 2023 | $19M | $5M | $14M |
| 2022 | $21M | $3M | $18M |
| 2021 | $30M | $2M | $29M |
| 2020 | $30M | $1M | $28M |
| 2019 | $20M | $780,440 | $19M |
| 2018 | $21M | $616,544 | $20M |
| 2017 | $19M | $518,155 | $18M |
| 2016 | $21M | $267,761 | $21M |
| 2015 | $23M | $2M | $20M |
| 2014 | $20M | $2M | $18M |
| 2013 | $24M | $445,785 | $23M |
| 2012 | $22M | $863,375 | $21M |
| 2011 | $21M | $554,102 | $21M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ATLO)