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Ames National(NASDAQ) ATLO

Current Price$29.47
Market Cap$261.11MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1997)+1,149%
5 Year+59%
1 Year+67%
1 Month-1%
Ames National last closing stock price
MetricPriceDate
Last closeUSD 29.482026-07-22
Ames National stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.15%USD 29.532026-07-15
1 month-1.07%USD 29.802026-06-22
3 month+5.53%USD 27.932026-04-23
Year to date+30.61%USD 22.572025-12-31
1 year+66.97%USD 17.662025-07-22
3 year+73.14%USD 17.032023-07-21
5 year+58.64%USD 18.582021-07-23
Since inception+1,148.69%USD 2.361997-08-11

Ames National Financials at a Glance

Market Cap

$261.11MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$84.09M

Net Income (TTM)

$22.96M

EPS (TTM)

$2.59

P/E Ratio

11.38

Dividend

$0.88

Beta (Volatility)

0.37 (Low)

Price

$29.47

Volume

133

Open

$29.39

Previous Close

$29.48

Daily Range

$29.00 - $29.47

52-Week Range

$17.90 - $32.16

Estimated Earnings Date

Aug 14, 2026

ATLO News

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Ames National Grows Income in Q2

Motley Fool Markets TeamJul 21, 2025

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About Ames National

Ames National helps people and businesses in Iowa manage their money. It lets customers save, borrow, and invest through local community banks. The firm provides loans for homes, farms, and small businesses.

Money Tools for Iowans

  • Real Estate Loans: Financing for residential homes, apartment buildings, and commercial properties in central Iowa.
  • Agricultural Lending: Credit for farm land and operating costs like seed or equipment.
  • Business Banking: Working capital lines and equipment loans for local companies.
  • Wealth Management: Investment oversight and farm management services for individuals and non-profit organizations.
  • Personal Accounts: Checking, savings, and certificates of deposit for everyday banking needs.

Recent Strategic Moves

  • Entered into a five million dollar credit agreement with a separate bank in April 2024.
  • Pledged all shares of Reliance State Bank as security for the 2024 credit facility.
  • Grew total assets to over $2.1 billion by March 2026.
  • Managed interest rate risks through a $25 million portfolio swap designed to protect loan profits.

What Sets This Bank Apart?

Ames National operates through a decentralized structure where its five subsidiary banks keep their own local identities and boards. The company also uses interest rate swaps—agreements to trade interest payments—to balance its income when market rates change.

The Latest Financial Results

  • Net income reached $6 million in Q1 2026, up 73% from $3.4 million in Q1 2025.
  • Operating income hit $7.7 million in Q1 2026, up 81% year-over-year.
  • Revenue reached $25 million in Q1 2026, up 5.6% from the prior year.
  • Free cash flow hit $8 million in Q1 2026, up 15% year-over-year.

Bottom Line

Ames National has grown into a regional financial hub with more than two billion dollars in assets while keeping a community focus. Its strategy of using local bank boards while managing risk at the corporate level supports its steady Iowa operations.

AI Generated • May 19, 2026

Industry

Banks

Sector

Financials

Employees

231

CEO

John Patrick Nelson

Website

www.amesnational.com

Headquarters

Ames, IA 50010, US

ATLO Financials

Key Financial Metrics (TTM)

Gross Margin

69.48%

Operating Margin

26.77%

Net Income Margin

21.63%

Return on Equity

10.65%

Return on Capital

8.66%

Return on Assets

1.01%

Earnings Yield

8.79%

Dividend Yield

2.99%

Payout Ratio

34.61%

Stock Overview

Market Cap

$261.11MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

8.86M

Volume

133

Avg. Volume

75.15K

Financials (TTM)

Gross Profit

$61.82M

Operating Income

$28.73M

EBITDA

$29.79M

Operating Cash Flow

$22.58M

Capital Expenditure

-$210.00K

Free Cash Flow

$22.37M

Cash & ST Invst.

$807.68M

Total Debt

$47.35M

Ames National Performance Analysis

Ames National annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 71,240,0000.3%
20232023-12-31USD 83,516,00017.2%
20242024-12-31USD 92,444,00010.7%
20252025-12-31USD 98,263,0006.3%
Ames National sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-301.1%
Q42025-12-317.0%
Q12026-03-31-4.2%
Q22026-06-30-65.5%
Ames National annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.14-18.6%
20232023-12-31USD 1.20-43.7%
20242024-12-31USD 1.14-5.5%
20252025-12-31USD 2.1488.2%
Ames National sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30N/A
Q42025-12-3143.1%
Q12026-03-31-8.2%
Q22026-06-30N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$8.62M

-64.3%

Gross Profit

$8.62M

-46.1%

Gross Margin

100.00%

N/A

Market Cap

$261.11MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.01M

N/A

Employees

259

N/A

Net Income

$5.93M

+31.5%

EBITDA

$7.71M

+27.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$807.68M

+8.1%

Total Debt

$47.35M

-33.0%

Accounts Receivable

$12.91M

+6.1%

Inventory

$0.00

N/A

Long Term Debt

$0.00

-100.0%

Short Term Debt

$47.35M

+18.2%

Return on Assets

1.01%

N/A

Return on Invested Capital

1.27%

N/A

Free Cash Flow

$7.96M

+14.9%

Operating Cash Flow

$8.36M

+17.5%

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Questions About ATLO

What is the current price of Ames National?

Ames National is trading at $29.47 per share.

What is the 52-week range for Ames National?

Over the past 52 weeks, Ames National has traded between $17.90 and $32.16.

How much debt does Ames National have?

As of the most recent reporting period, Ames National reported total debt of $47.35M.

How much cash does Ames National have on hand?

Ames National does not have cash on hand data available.

What is Ames National’s dividend yield?

Ames National currently has a dividend yield of 2.99%.

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