NASDAQ : ATLO
Ames National Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 33.51 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 296.81M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 69.64M | 68.35M | 65.79M | 56.81M | 45.96M | 47.83M |
| Interest Income on Investments | 22.12M | 18.75M | 16.82M | 17.49M | 15.60M | 12.65M |
| Total Interest Income | 91.76M | 87.09M | 82.61M | 74.30M | 61.55M | 60.48M |
| Interest Paid on Deposits | 26.09M | 28.88M | 32.01M | 24.47M | 7.32M | 4.34M |
| Interest Paid on Borrowings | 1.67M | 2.55M | 5.62M | 5.21M | 993.00K | 143.00K |
| Total Interest Expense | 27.76M | 31.43M | 37.63M | 29.68M | 8.31M | 4.49M |
| Net Interest Income | 64.00M | 55.66M | 44.98M | 44.62M | 53.24M | 56.00M |
| Trust Income | 7.21M | 6.27M | 5.31M | 4.65M | 4.94M | 4.45M |
| Gain (Loss) on Sale of Investments | -772.00K | -766.00K | -931.00K | -732.00K | -718.00K | -615.00K |
| Other Non-Interest Income | 4.57M | 4.36M | 4.17M | 4.17M | 4.11M | 4.39M |
| Total Non-Interest Income | 11.63M | 10.40M | 9.07M | 8.45M | 8.93M | 9.90M |
| Revenues Before Loan Losses | 75.63M | 66.07M | 54.05M | 53.07M | 62.18M | 65.89M |
| Provision for Loan Losses | -733.00K | 1.04M | 592.00K | 789.00K | -874.00K | -757.00K |
| Revenue | 76.37M | 65.03M | 53.45M | 52.28M | 63.05M | 66.65M |
| Salaries and Employee Benefits | 27.65M | 26.18M | 25.14M | 23.66M | 22.91M | 22.28M |
| Occupancy Expenses | 3.09M | 2.99M | 3.01M | 2.96M | 2.94M | 2.66M |
| Federal Deposit Insurance | 963.00K | 1.03M | 1.16M | 1.09M | 608.00K | 578.00K |
| Amortization of Goodwill & Intangibles | 275.00K | 301.00K | 337.00K | 502.00K | 574.00K | 628.00K |
| Selling, General & Administrative | 10.74M | 9.37M | 10.13M | 9.43M | 9.47M | 8.68M |
| Other Non-Interest Expense | 848.00K | 1.30M | 1.43M | 1.74M | 1.39M | 1.15M |
| Total Non-Interest Expense | 43.56M | 41.16M | 41.21M | 39.40M | 37.89M | 35.98M |
| EBT Excluding Unusual Items | 32.80M | 23.87M | 12.24M | 12.89M | 25.16M | 30.67M |
| Pretax Income | 32.80M | 23.87M | 12.24M | 12.89M | 25.16M | 30.67M |
| Income Tax Expense | 7.35M | 4.84M | 2.02M | 2.07M | 5.87M | 6.76M |
| Net Income | 25.45M | 19.03M | 10.22M | 10.82M | 19.29M | 23.91M |
| Net Income to Common | 25.45M | 19.03M | 10.22M | 10.82M | 19.29M | 23.91M |
| Basic Shares Outstanding | 8.86M | 8.90M | 8.99M | 8.99M | 9.03M | 9.11M |
| Diluted Shares Outstanding | 8.86M | 8.90M | 8.99M | 8.99M | 9.03M | 9.11M |
| EPS (Basic) | 2.87 | 2.14 | 1.14 | 1.20 | 2.14 | 2.62 |
| EPS (Diluted) | 2.87 | 2.14 | 1.14 | 1.20 | 2.14 | 2.62 |
| Dividend Per Share | 0.92 | 0.60 | 0.94 | 1.08 | 1.08 | 1.04 |
| Effective Tax Rate | 22.41% | 20.28% | 16.53% | 16.08% | 23.32% | 22.04% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 75.21M | 126.75M | 101.23M | 55.10M | 27.88M | 89.13M |
| Investment Securities | 675.53M | 526.14M | 563.63M | 643.43M | 684.37M | 698.32M |
| Trading Asset Securities | 723.00K | 996.00K | 1.23M | 1.10M | ||
| Mortgage-Backed Securities | 135.49M | 91.05M | 101.86M | 116.74M | 149.60M | |
| Total Investments | 675.53M | 662.36M | 655.67M | 746.52M | 802.20M | 847.92M |
| Gross Loans | 1.28B | 1.30B | 1.32B | 1.29B | 1.24B | 1.16B |
| Allowance for Loan Losses | -16.71M | -17.70M | -17.06M | -16.78M | -15.70M | -16.62M |
| Net Loans | 1.26B | 1.28B | 1.30B | 1.28B | 1.23B | 1.14B |
| Property, Plant & Equipment | 21.73M | 20.92M | 21.57M | 22.55M | 18.89M | 17.51M |
| Goodwill | 12.42M | 12.42M | 12.42M | 12.42M | 12.42M | 12.42M |
| Other Intangible Assets | 586.00K | 791.00K | 1.09M | 1.43M | 1.93M | 2.50M |
| Loans Held for Sale | 1.15M | 472.00K | 342.00K | 124.00K | 154.00K | |
| Accrued Interest Receivable | 15.49M | 14.07M | 13.86M | 12.95M | 11.28M | 10.12M |
| Long-Term Deferred Tax Assets | 11.86M | 7.49M | 14.06M | 16.50M | 22.13M | 1.92M |
| Other Real Estate Owned & Foreclosed | 204.00K | |||||
| Other Long-Term Assets | 6.01M | 5.04M | 5.13M | 6.99M | 7.41M | 7.97M |
| Total Assets | 2.08B | 2.13B | 2.13B | 2.16B | 2.13B | 2.14B |
| Accrued Expenses | 9.05M | 7.95M | 7.18M | 5.40M | 4.98M | 6.03M |
| Interest Bearing Deposits | 1.42B | 1.42B | 1.40B | 1.37B | 1.46B | 1.43B |
| Institutional Deposits | 80.62M | 85.80M | 85.00M | 67.73M | 42.89M | 40.79M |
| Non-Interest Bearing Deposits | 330.95M | 353.77M | 358.39M | 370.94M | 391.58M | 411.58M |
| Total Deposits | 1.83B | 1.85B | 1.85B | 1.81B | 1.90B | 1.88B |
| Short-Term Borrowings | 33.31M | 42.12M | 80.66M | 161.84M | 76.08M | 39.85M |
| Current Portion of Long-Term Debt | 16.90M | |||||
| Accrued Interest Payable | 2.09M | 2.56M | 3.21M | 4.71M | 666.00K | |
| Other Current Liabilities | 1.79M | 2.43M | 2.43M | 2.36M | ||
| Long-Term Debt | 1.45M | 2.45M | 3.49M | 3.72M | ||
| Federal Home Loan Bank Debt, Long-Term | 1.45M | 16.50M | 3.00M | |||
| Total Liabilities | 1.88B | 1.93B | 1.96B | 1.99B | 1.99B | 1.93B |
| Common Stock | 17.71M | 17.71M | 17.90M | 17.98M | 17.98M | 18.18M |
| Additional Paid-In Capital | 12.13M | 12.13M | 13.63M | 14.25M | 14.25M | 16.35M |
| Retained Earnings | 208.60M | 195.99M | 182.24M | 180.44M | 179.93M | 170.38M |
| Comprehensive Income & Other | -32.70M | -17.95M | -39.06M | -46.89M | -63.07M | 2.86M |
| Shareholders' Equity | 205.75M | 207.89M | 174.71M | 165.79M | 149.10M | 207.78M |
| Total Liabilities & Equity | 2.08B | 2.13B | 2.13B | 2.16B | 2.13B | 2.14B |
| Total Debt | 34.77M | 60.47M | 99.61M | 165.33M | 79.80M | 42.85M |
| Net Cash (Debt) | 44.64M | 72.69M | 8.78M | -100.10M | -36.15M | 63.20M |
| Net Cash Per Share | 5.04 | 8.17 | 0.98 | -11.13 | -4.00 | 6.93 |
| Filing Date Shares Outstanding | 8.86M | 8.86M | 8.92M | 8.99M | 8.99M | 9.09M |
| Total Common Shares Outstanding | 8.86M | 8.86M | 8.95M | 8.99M | 8.99M | 9.09M |
| Book Value Per Share | 23.23 | 23.47 | 19.52 | 18.44 | 16.58 | 22.85 |
| Tangible Book Value | 192.74M | 194.68M | 161.19M | 151.94M | 134.74M | 192.85M |
| Tangible Book Value Per Share | 21.76 | 21.98 | 18.01 | 16.90 | 14.98 | 21.21 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 19.03M | 10.22M | 10.82M | 19.29M | 23.91M | |
| Depreciation & Amortization | 1.59M | 1.69M | 1.75M | 2.31M | 2.03M | |
| Gain (Loss) on Sale of Assets | -407.00K | -11.00K | -76.00K | -190.00K | ||
| Gain (Loss) on Sale of Investments | 729.00K | 1.77M | 2.26M | 2.85M | 3.22M | |
| Provision for Credit Losses | 996.00K | 735.00K | 774.00K | -874.00K | -757.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 414.00K | 306.00K | 392.00K | 452.00K | 3.29M | |
| Accrued Interest Receivable | -203.00K | -911.00K | -1.68M | -1.15M | 1.02M | |
| Change in Other Net Operating Assets | 481.00K | 2.76M | 508.00K | -2.24M | -1.02M | |
| Other Operating Activities | -98.00K | -237.00K | 704.00K | 1.27M | 643.00K | |
| Operating Cash Flow | 21.34M | 14.30M | 19.21M | 21.23M | 30.47M | |
| Capital Expenditures | -642.00K | -298.00K | -4.89M | -2.86M | -1.87M | |
| Sale of Property, Plant and Equipment | 125.00K | |||||
| Investment in Securities | 20.74M | 99.75M | 75.33M | -42.93M | -253.26M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 19.90M | -26.76M | -52.90M | -80.53M | -13.92M | |
| Other Investing Activities | 1.09M | -797.00K | 1.53M | -1.19M | -274.00K | |
| Investing Cash Flow | 44.21M | 71.98M | 19.06M | -127.38M | -268.57M | |
| Short-Term Debt Issued | 13.32M | 36.24M | 2.56M | |||
| Long-Term Debt Issued | 2.80M | 131.45M | 269.85M | 4.00M | ||
| Total Debt Issued | 2.80M | 131.45M | 283.17M | 40.24M | 2.56M | |
| Short-Term Debt Repaid | -19.61M | -19.58M | -11.42M | |||
| Long-Term Debt Repaid | -22.40M | -177.09M | -186.96M | -3.30M | ||
| Total Debt Repaid | -42.01M | -196.67M | -198.38M | -3.30M | ||
| Net Debt Issued (Repaid) | -39.21M | -65.22M | 84.79M | 36.95M | 2.56M | |
| Repurchase of Common Stock | -1.68M | -704.00K | -2.30M | -710.00K | ||
| Common Dividends Paid | -7.11M | -9.08M | -9.71M | -9.68M | -9.39M | |
| Net Increase (Decrease) in Deposit Accounts | 7.99M | 34.85M | -86.13M | 19.94M | 161.67M | |
| Financing Cash Flow | -40.02M | -40.15M | -11.05M | 44.91M | 154.13M | |
| Net Cash Flow | 25.53M | 46.13M | 27.22M | -61.24M | -83.97M | |
| Free Cash Flow | 20.70M | 14.00M | 14.31M | 18.37M | 28.60M | |
| Free Cash Flow Margin | 31.83% | 26.19% | 27.38% | 29.14% | 42.90% | |
| Free Cash Flow Per Share | 2.33 | 1.56 | 1.59 | 2.03 | 3.14 | |
| Cash Interest Paid | 32.08M | 39.13M | 25.63M | 8.56M | 5.06M | |
| Cash Income Tax Paid | 4.51M | 626.00K | 1.81M | 4.97M | 6.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 296.81M | 204.16M | 147.74M | 191.89M | 212.31M | 222.67M |
| Last Close Price | 33.51 | 22.40 | 15.38 | 18.99 | 19.88 | 19.69 |
| PE Ratio | 11.66 | 10.73 | 14.46 | 17.74 | 11.00 | 9.31 |
| PS Ratio | 3.89 | 3.14 | 2.76 | 3.67 | 3.37 | 3.34 |
| PB Ratio | 1.44 | 0.98 | 0.85 | 1.16 | 1.42 | 1.07 |
| P/FCF Ratio | 14.14 | 9.86 | 10.55 | 13.41 | 11.55 | 7.79 |
| P/OCF Ratio | 13.49 | 9.57 | 10.33 | 9.99 | 10.00 | 7.31 |
| Debt / Equity Ratio | 0.17 | 0.29 | 0.57 | 1.00 | 0.54 | 0.21 |
| Debt / FCF Ratio | 2.92 | 7.12 | 11.55 | 4.34 | 1.50 | |
| Net Debt / Equity Ratio | -0.22 | -0.35 | -0.05 | 0.60 | 0.24 | -0.30 |
| Net Debt / FCF Ratio | -3.51 | -0.63 | 6.99 | 1.97 | -2.21 | |
| Return on Equity (ROE) | 12.53% | 9.95% | 6.00% | 6.87% | 10.81% | 11.46% |
| Return on Assets (ROA) | 1.21% | 0.89% | 0.48% | 0.50% | 0.90% | 1.16% |
| Earnings Yield | 8.57% | 9.32% | 6.92% | 5.64% | 9.09% | 10.74% |
| FCF Yield | 7.07% | 10.14% | 9.48% | 7.46% | 8.65% | 12.84% |
| Dividend Yield | 2.86% | 2.60% | 5.69% | 5.06% | 4.57% | 4.25% |
| Payout Ratio | 32.03% | 37.38% | 88.88% | 89.78% | 50.15% | 39.26% |
| Buyback Yield / Dilution | 0.73% | 1.07% | 0.01% | 0.46% | 0.89% | 0.37% |
| Total Shareholder Return | 3.59% | 3.67% | 5.70% | 5.52% | 5.46% | 4.62% |