Get started

Financials · ATLO

Ames National Corporation (ATLO) financials

For the twelve months ended Sep 30, 2026, Ames National Corporation reported $76.40M of revenue and $25.45M of net income.

Revenue, TTM
$76.40M
Revenue growth, YoY
+21.5%
Net income, TTM
$25.45M
Net income growth, YoY
+58.8%
Net margin
33.3%
Free cash flow, TTM
$22.33M
Cash
$75.21M
P/E
11.91
P/S
3.97
Market cap
$303.1M
Annual revenue$66.83M
FY2016FY2025
Annual net income$19.03M
FY2016FY2025
Annual free cash flow$20.70M
FY2016FY2025

ATLO revenue and earnings growth

ATLO revenueQ3 2026$20.42M

Quarter YoY
+23.1%
QoQ
+7.0%
FY YoY
+21.9%
5Y CAGR
+0.4%
10Y CAGR
+3.5%

ATLO revenue was $20.42M in fiscal Q3 2026 (ended Sep 30, 2026), up 23.1% from a year earlier and up 7.0% from the prior quarter. For the full fiscal 2025 it was $66.83M, up 21.9% from fiscal 2024. Compound annual growth was +0.4% over 5 years and +3.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ATLO net incomeQ3 2026$7.05M

Quarter YoY
+54.6%
QoQ
+18.8%
FY YoY
+86.2%
5Y CAGR
+0.2%
10Y CAGR
+2.4%

ATLO net income was $7.05M in fiscal Q3 2026 (ended Sep 30, 2026), up 54.6% from a year earlier and up 18.8% from the prior quarter. For the full fiscal 2025 it was $19.03M, up 86.2% from fiscal 2024. Compound annual growth was +0.2% over 5 years and +2.4% over 10 years. It rose in 6 of the last 10 fiscal years.

ATLO free cash flowQ3 2026$3.98M

Quarter YoY
+50.2%
QoQ
+25.9%
FY YoY
+47.8%
5Y CAGR
-6.2%
10Y CAGR
+0.1%

ATLO free cash flow was $3.98M in fiscal Q3 2026 (ended Sep 30, 2026), up 50.2% from a year earlier and up 25.9% from the prior quarter. For the full fiscal 2025 it was $20.70M, up 47.8% from fiscal 2024. Compound annual growth was -6.2% over 5 years and +0.1% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$66.83M$54.81M$53.84M$62.93M$66.53M$65.46M$53.88M$50.02M$48.21M$48.00M
Interest expense--$29.68M$8.31M$4.49M$8.10M$10.93M$7.60M$5.58M$4.14M
Pre-tax income$23.87M$12.24M$12.89M$25.16M$30.67M$23.23M$21.04M$21.42M$21.28M$22.54M
Income tax$4.84M$2.02M$2.07M$5.87M$6.76M$4.38M$3.85M$4.41M$7.58M$6.80M
Net income$19.03M$10.22M$10.82M$19.29M$23.91M$18.85M$17.19M$17.01M$13.70M$15.73M
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

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$126.75M$101.23M$55.10M$27.88M$89.13M$173.10M$34.62M$30.38M$26.40M$29.48M
Goodwill$12.42M$12.42M$12.42M$12.42M$12.42M$12.42M$12.11M$9.74M$6.73M$6.73M
Total assets$2.13B$2.13B$2.16B$2.13B$2.14B$1.98B$1.74B$1.46B$1.38B$1.37B
Total debt$18.35M$19.95M$3.49M-----$13.00M$13.00M
Total liabilities$1.93B$1.96B$1.99B$1.99B$1.93B$1.77B$1.55B$1.28B$1.20B$1.20B
Shareholders' equity$207.89M$174.71M$165.79M$149.10M$207.78M$209.49M$187.58M$172.87M$170.75M$165.11M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$21.34M$14.30M$19.21M$21.23M$30.47M$29.71M$20.18M$20.71M$18.85M$21.42M
Capital expenditures$642.0K$298.0K$4.89M$2.86M$1.87M$1.25M$780.4K$616.5K$518.2K$267.8K
Free cash flow$20.70M$14.00M$14.31M$18.37M$28.60M$28.46M$19.40M$20.09M$18.33M$21.15M
Investing cash flow$44.21M$71.98M$19.06M-$127.38M-$268.57M-$184.26M-$78.96M$8.64M-$16.90M-$43.47M
Financing cash flow-$40.02M-$40.15M-$11.05M$44.91M$154.13M$205.83M$63.01M-$25.35M-$5.03M$27.52M
Dividends paid$7.11M$9.08M$9.71M$9.68M$9.39M$9.07M$8.78M$10.80M$8.10M$7.73M
Share repurchases$1.68M$704.0K$0$2.30M$710.0K$1.99M$1.81M$452.2K--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY21.9%1.8%-14.4%-5.4%1.6%21.5%7.7%3.8%0.4%1.6%
Net income growth, YoY86.2%-5.5%-43.9%-19.3%26.9%9.6%1.1%24.2%-12.9%4.8%
EPS growth, YoY----27.2%10.8%1.6%24.5%-13.0%5.0%
Net margin28.5%18.6%20.1%30.7%35.9%28.8%31.9%34.0%28.4%32.8%
Free cash flow margin31.0%25.5%26.6%29.2%43.0%43.5%36.0%40.2%38.0%44.1%
Return on equity9.2%5.8%6.5%12.9%11.5%9.0%9.2%9.8%8.0%9.5%
Return on assets0.9%0.5%0.5%0.9%1.1%1.0%1.0%1.2%1.0%1.2%
Debt to equity0.090.110.02-----0.080.08

Source: XBRL data Ames National Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ATLO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ATLO$76.40M+21.5%$25.45M33.3%$303.1M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

ATLO FAQ

7 questions
  • What is ATLO revenue?
    Ames National Corporation (ATLO) reported $76.40M of revenue for the twelve months ended Sep 30, 2026. That is up 21.5% from the year before. Revenue for fiscal 2025 was $66.83M.
  • Is ATLO profitable?
    Yes. Ames National Corporation earned $25.45M in net income for the twelve months ended Sep 30, 2026, a net margin of 33.3%.
  • How much cash and debt does ATLO have?
    Ames National Corporation reported $75.21M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ATLO revenue growing?
    Ames National Corporation's revenue changed +21.9% in fiscal 2025, to $66.83M. Its compound annual growth rate was +0.4% over 5 years and +3.5% over 10 years.
  • What is ATLO free cash flow?
    Ames National Corporation generated $22.33M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $24.39M less capital expenditures.
  • When did ATLO last report financial results?
    The latest statements here come from Ames National Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this ATLO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ames National Corporation files with the SEC. It is provided for information only and is not investment advice.