Ames National Corporation logo

Ames National Corporation

ATLO

NASDAQFinancial ServicesBanks - Regional

Previous close

$31.76

+$0.03 · +0.09%

Aug 21, 4:00 PM ET

ATLO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

83

Deep Value

Momentum

55

Neutral

Sentiment

70

Bullish

Risk resilience

77

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
John Nelson
Listed since
Feb 15, 2000
Employees
261

Market position

Day range

Current $31.76

52-week range

Current $31.76

Open
$31.97
Previous close
$31.73
Volume
80.52K
1.24× average
Average volume
64.69K
Average daily volume
Market cap
281.31M USD
Beta
0.3
Market reference 1
50-day average
$30.3572
+4.62% above average
200-day average
$27.0276
+17.51% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
244.55M USD
EV / EBITDA
9.91×
Earnings yield
9.29%
Free cash flow yield
10.10%

Profitability & efficiency

Return on equity
9.15%
Return on assets
0.89%
Return on invested capital
1.13%

Financial health

Current ratio
4.95×
Altman Z-score
-0.3
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends103%70%36%3%Gross margin, FY2021: 94.75%Gross margin, FY2022: 89.56%Gross margin, FY2023: 63.52%Gross margin, FY2024: 58.65%Gross margin, FY2025: 66.29%Operating margin, FY2021: 43.19%Operating margin, FY2022: 35.32%Operating margin, FY2023: 15.43%Operating margin, FY2024: 13.24%Operating margin, FY2025: 23.62%Net margin, FY2021: 33.67%Net margin, FY2022: 27.08%Net margin, FY2023: 12.95%Net margin, FY2024: 11.05%Net margin, FY2025: 19.36%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 94.75%. Gross margin FY2022 89.56%. Gross margin FY2023 63.52%. Gross margin FY2024 58.65%. Gross margin FY2025 66.29%. Operating margin FY2021 43.19%. Operating margin FY2022 35.32%. Operating margin FY2023 15.43%. Operating margin FY2024 13.24%. Operating margin FY2025 23.62%. Net margin FY2021 33.67%. Net margin FY2022 27.08%. Net margin FY2023 12.95%. Net margin FY2024 11.05%. Net margin FY2025 19.36%.

Income trends

Revenue

98.26M USD+6.29%

Operating income

23.21M USD+89.58%

Net income

19.03M USD+86.21%
Income trends across reported periods107.07M USD71.85M USD36.63M USD1.41M USDRevenue, FY2021: 71.02M USDRevenue, FY2022: 71.24M USDRevenue, FY2023: 83.52M USDRevenue, FY2024: 92.44M USDRevenue, FY2025: 98.26M USDOperating income, FY2021: 30.67M USDOperating income, FY2022: 25.16M USDOperating income, FY2023: 12.89M USDOperating income, FY2024: 12.24M USDOperating income, FY2025: 23.21M USDNet income, FY2021: 23.91M USDNet income, FY2022: 19.29M USDNet income, FY2023: 10.82M USDNet income, FY2024: 10.22M USDNet income, FY2025: 19.03M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 71.02M USD. Revenue FY2022 71.24M USD. Revenue FY2023 83.52M USD. Revenue FY2024 92.44M USD. Revenue FY2025 98.26M USD. Operating income FY2021 30.67M USD. Operating income FY2022 25.16M USD. Operating income FY2023 12.89M USD. Operating income FY2024 12.24M USD. Operating income FY2025 23.21M USD. Net income FY2021 23.91M USD. Net income FY2022 19.29M USD. Net income FY2023 10.82M USD. Net income FY2024 10.22M USD. Net income FY2025 19.03M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue98.26M USD92.44M USD83.52M USD71.24M USD71.02M USD
Cost of goods sold33.13M USD38.22M USD30.47M USD7.44M USD3.73M USD
Gross profit65.14M USD54.22M USD53.05M USD63.81M USD67.29M USD
Selling, general, and administrative21.24M USD26.31M USD24.76M USD23.52M USD22.86M USD
Operating expenses41.93M USD41.98M USD40.16M USD38.64M USD36.62M USD
Interest income87.09M USD82.61M USD74.3M USD61.55M USD60.48M USD
Interest expense31.43M USD37.63M USD29.68M USD8.31M USD4.49M USD
Depreciation and amortization1.46M USD1.69M USD1.75M USD2M USD2.03M USD
Operating income23.21M USD12.24M USD12.89M USD25.16M USD30.67M USD
Net income19.03M USD10.22M USD10.82M USD19.29M USD23.91M USD

Company facts updated Aug 24, 2026.

ATLO peers

ETFs holding ATLO

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research ATLO

research.disclaimer