Skip to content
AMES National logo

AMES National

ATLO

AMES National Corp is a multi-bank holding company that operates six community banking subsidiaries across central, north-central, and south-central Iowa.

Market cap
$262.26M+66.5%
Revenue$66.8M+21.9%
Net income$20.2M+62.9%
Free cash flow$21.7M+10.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 14, 2026 (in a month)
Revenue estimate$18.6M
EPS estimate$0.65

Financials

Q4 2025

Income statement

See full
Revenue$16.7M+21.9%
Net income$4.8M+86.2%

Balance sheet

See full
Cash & equivalents$126.8M+25.2%
Total equity$207.9M+19.0%
Total assets$2.1B0.0%

Cash flow

See full
Operating cash flow$7.5M+25.5%
CapEx$231.0K+245%
Free cash flow$7.2M+23.0%

Valuation & ratios

Valuation

See full
Market cap$262.26M+66.5%
P/E13×+2.2×
P/S3.9×+0.5×

Profitability

See full
Net margin28.5%+9.8pp
FCF margin31%+5.4pp

Returns & leverage

See full
Return on equity9.9%+3.9pp

Segments

By product

See full
Fiduciary And Trust$1.9M+38.5%
Financial Service$392.0K+1.0%
Credit And Debit Card$366.0K-14.7%

Competitors

Profile

AMES National Corp is a multi-bank holding company that operates six community banking subsidiaries across central, north-central, and south-central Iowa. The company provides a full range of commercial and consumer banking services, emphasizing personal relationships with small-to-medium sized businesses and local residents. Its core value proposition centers on local decision-making and credit expertise tailored to the specific economic needs of its Iowa trade areas.

Competitive position

A leading community banking presence in specific Iowa counties, holding the largest percentage of deposits in Story and Hancock counties.

GeographiesIowa, United States
Customer segmentsSME, Retail, Agricultural, Municipal
Business modelInterest-spread banking, Fee-based services
SuppliersFederal Reserve System, FDIC, Data processing service providers, Secondary mortgage market investors
CustomersIowa-based small businesses, Agricultural operations, Residential mortgage borrowers, Local municipalities
Listed1997
Employees242.0
CEOJohn Nelson
FilingsSEC EDGAR

Questions, answered.

What is AMES National's market cap?
AMES National (ATLO) has a market capitalization of $262.3M and trades on NASDAQ.
What is AMES National's revenue and profitability?
AMES National generated $66.8M in trailing twelve-month revenue with net income of $20.2M, representing a net margin of 28.5%, with free cash flow of $21.7M. These figures are based on the Q4 2025 filing.
Who are AMES National's competitors?
AMES National's key competitors include First Interstate Bank, U.S. Bank National Association, Wells Fargo Bank, and others. These companies compete in similar markets and product categories.
Who does AMES National partner with?
AMES National's notable partners include United Way.
What subsidiaries does AMES National have?
AMES National's subsidiaries include First National Bank, Ames, Iowa, State Bank & Trust Co., Boone Bank & Trust Co., and others.
Where is AMES National headquartered?
AMES National is headquartered in United States of America and employs approximately 242 people. It has been publicly traded since 1997.