AMES NATIONAL CORP ATLO
Ames National Corporation (the "Company") is an Iowa corporation and bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company owns 100% of the stock of six bank subsidiaries consisting of one national bank and five state-chartered banks, as described below. All of the Company's operations are conducted in the State of Iowa and primarily within the central, north-central and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor and Union where the Company's banking subsidiaries are located. The Company does not engage in any material business activities apart from its ownership of its banking subsidiaries and the management of its own loan portfolios. The principal executive offices of the Company are located at 323 Sixth Street, Ames, Iowa 50010. The Company's telephone number is (515) 232-6251 and website address is www.amesnational.com.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.1M | $82.6M | $74.3M | $61.6M | $60.5M | $62.9M | $56.2M | $49.7M | $45.8M | $44.0M |
| Interest expense | $55.7M | $45.0M | $44.6M | $8.3M | $4.5M | $8.1M | $10.9M | $7.6M | $5.6M | $4.1M |
| Pre-tax income | $23.9M | $12.2M | $12.9M | $25.2M | $30.7M | $23.2M | $21.0M | $21.4M | $21.3M | $22.5M |
| Income tax | $4.8M | $2.0M | $2.1M | $5.9M | $6.8M | $4.4M | $3.8M | $4.4M | $7.6M | $6.8M |
| Net income | $19.0M | $10.2M | $10.8M | $19.3M | $23.9M | $18.9M | $17.2M | $17.0M | $13.7M | $15.7M |
| EPS, basic | 2.14 | 1.14 | 1.20 | 2.14 | 2.62 | 2.06 | 1.86 | 1.83 | 1.47 | 1.69 |
| EPS, diluted | — | — | — | — | 2.62 | 2.06 | 1.86 | 1.83 | 1.47 | 1.69 |
| Shares, diluted (wtd. avg.) | $8.9M | $9.0M | $9.0M | $9.0M | $9.1M | $9.1M | $9.2M | $9.3M | $9.3M | $9.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $126.8M | $101.2M | $55.1M | $27.9M | $89.1M | $173.1M | $34.6M | $30.4M | $26.4M | $29.5M |
| Property, plant and equipment | $20.9M | $21.6M | $22.5M | $18.9M | $17.5M | $17.3M | $17.8M | $15.8M | $15.4M | $16.0M |
| Goodwill | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.1M | $9.7M | $6.7M | $6.7M |
| Other intangibles | $791.0K | $1.1M | $1.4M | $1.9M | $2.5M | $3.1M | $4.0M | $2.7M | $1.1M | $1.4M |
| Total assets | $2.13B | $2.13B | $2.16B | $2.13B | $2.14B | $1.98B | $1.74B | $1.46B | $1.38B | $1.37B |
| Long-term debt | $18.4M | $20.0M | $3.5M | — | — | — | — | — | $13.0M | $13.0M |
| Total liabilities | $1.93B | $1.96B | $1.99B | $1.99B | $1.93B | $1.77B | $1.55B | $1.28B | $1.20B | $1.20B |
| Retained earnings | $196.0M | $182.2M | $180.4M | $179.9M | $170.4M | $158.2M | $146.2M | $137.9M | $131.7M | $126.2M |
| Total equity | $207.9M | $174.7M | $165.8M | $149.1M | $207.8M | $209.5M | $187.6M | $172.9M | $170.8M | $165.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.3M | $14.3M | $19.2M | $21.2M | $30.5M | $29.7M | $20.2M | $20.7M | $18.8M | $21.4M |
| Depreciation and amortisation | $1.3M | $1.4M | $1.2M | $1.4M | $1.4M | $1.4M | $1.2M | $1.1M | $1.1M | $1.2M |
| Capital expenditure | $642.0K | $298.0K | $4.9M | $2.9M | $1.9M | $1.2M | $780.4K | $616.5K | $518.2K | $267.8K |
| Investing cash flow | $44.2M | $72.0M | $19.1M | -$127.4M | -$268.6M | -$184.3M | -$79.0M | $8.6M | -$16.9M | -$43.5M |
| Financing cash flow | -$40.0M | -$40.2M | -$11.1M | $44.9M | $154.1M | $205.8M | $63.0M | -$25.4M | -$5.0M | $27.5M |
| Dividends paid | $7.1M | $9.1M | $9.7M | $9.7M | $9.4M | $9.1M | $8.8M | $10.8M | $8.1M | $7.7M |
| Buybacks | $1.7M | $704.0K | $0 | $2.3M | $710.0K | $2.0M | $1.8M | $452.2K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-007976.
Others in SIC 6021
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|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |