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Ames National Corporation

Ames National Corporation

ATLO · NASDAQ · Financial Services / Banks - Regional

33.86USD-0.33 (-0.97%)

Price History

Full chart

Market Stats

Previous Close34.19
Open34.15
Day Range33.86 – 34.15
52-Week Range18.91 – 32.86
Volume11.40K
Market Cap281.84M
P/E (TTM)12.29
Forward P/E12.76
EPS2.59
Dividend Yield3.02%
Beta0.30
50-Day Avg31.36
200-Day Avg28.24

About

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. It accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. The company also provides loans, such as short-term and medium-term commercial, multi-family and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; consumer loans to finance consumer purchases, such as automobiles, trucks, recreational vehicles, household furnishings, boats, personal loans, and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, it offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is headquartered in Ames, Iowa.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. John P. Nelson
  • Employees261
  • Headquarters323 Sixth Street, Ames, IA, United States, 50010, USA
  • Websitehttps://www.amesnational.com

Leadership

  • Mr. John P. NelsonPresident, CEO & Director · b. 1967
  • Mr. Scott T. BauerPresident & Director of First National Bank · b. 1963
  • Mr. Michael A. WilsonChief Lending Officer · b. 1965
  • Mr. Justin C. ClausenCFO & Secretary · b. 1988
  • Mr. Timothy J. LupardusSenior VP & Chief Information Officer
  • Ms. Lori J. HillValuation Services Coordinator & Administrative Officer
  • Dena M. Gray-FisherVP & Marketing Director
  • Ms. Jennifer J. HansonVP & Human Resources Director
  • Joel L. RegenwetherSenior VP & Operations Project Manager
  • Mr. Richard J. SchreierPresident & Director of Reliance State Bank · b. 1968

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue28.85M46.55M41.41M41.75M42.62M46.92M50.97M54.77M54.56M45.85M44.13M44.59M45.51M46.15M48.98M51.42M52.13M53.79M57.63M64.81M73.56M71.02M71.24M83.52M92.44M98.26M
Growth (%)-+61.36%-11.06%+0.83%+2.09%+10.08%+8.63%+7.46%-0.38%-15.97%-3.74%+1.03%+2.07%+1.42%+6.12%+4.98%+1.39%+3.17%+7.14%+12.46%+13.51%-3.46%+0.31%+17.23%+10.69%+6.29%
Cost of Revenue24.72M19.78M12.35M10.98M11.04M16.26M21.12M23.44M17.71M11.78M8.44M7.26M5.77M5.86M4.98M5.28M4.66M7.10M8.24M12.24M13.78M3.73M7.43M30.46M38.22M33.13M
Gross Profit4.13M26.77M29.05M30.76M31.58M30.65M29.85M31.33M36.85M34.06M35.69M37.32M39.73M40.29M44.00M46.13M47.47M46.69M49.39M52.56M59.78M67.29M63.80M53.05M54.22M65.14M
Gross Margin14.31%57.51%70.17%73.69%74.09%65.34%58.56%57.20%67.53%74.29%80.88%83.71%87.31%87.30%89.84%89.72%91.06%86.80%85.70%81.11%81.27%94.75%89.56%63.52%58.65%66.29%
Operating Expense-8.58M11.59M13.28M14.82M14.94M15.21M15.50M16.78M29.65M22.76M18.22M18.85M20.80M21.68M23.13M25.31M24.93M25.40M27.97M31.52M36.55M36.62M38.64M40.16M41.98M41.93M
Operating Income12.71M15.19M15.78M15.95M16.64M15.44M14.34M14.55M7.20M11.30M17.47M18.47M18.93M18.61M20.87M20.82M22.54M21.28M21.42M21.04M23.23M30.67M25.16M12.89M12.24M23.21M
Operating Margin44.07%32.62%38.11%38.19%39.05%32.92%28.14%26.57%13.19%24.65%39.59%41.43%41.60%40.33%42.61%40.49%43.23%39.57%37.17%32.47%31.58%43.19%35.32%15.43%13.24%23.62%
EBITDA13.45M15.77M16.83M17.54M18.28M16.84M15.45M15.39M8.29M13.04M18.22M19.21M19.91M19.68M22.08M22.39M24.12M22.79M22.98M22.89M25.50M32.70M27.16M14.64M13.93M24.67M
EBITDA Margin46.61%33.88%40.64%42.01%42.89%35.89%30.31%28.10%15.20%28.45%41.28%43.09%43.76%42.65%45.08%43.55%46.26%42.36%39.88%35.32%34.67%46.04%38.12%17.53%15.07%25.10%
Net Income9.12M10.55M11.34M11.62M12.39M11.61M10.94M11.01M6.35M9.01M12.97M13.92M14.18M13.95M15.25M15.01M15.73M13.70M17.01M17.19M18.85M23.91M19.29M10.82M10.22M19.03M
Net Income Margin31.61%22.66%27.39%27.84%29.07%24.74%21.47%20.10%11.64%19.64%29.38%31.22%31.17%30.23%31.14%29.20%30.18%25.47%29.52%26.53%25.62%33.67%27.08%12.95%11.05%19.36%
R&D-----------00000000-------
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense24.26M18.88M11.66M10.34M10.56M15.93M21.31M23.54M16.40M10.23M7.78M6.73M5.75M5.07M4.55M4.19M4.14M5.58M7.60M10.93M8.10M4.49M8.31M29.68M37.63M31.43M
Interest Expense % of Total Revenue84.09%40.56%28.17%24.76%24.78%33.96%41.80%42.97%30.06%22.31%17.62%15.09%12.64%11.00%9.28%8.14%7.93%10.38%13.19%16.86%11.01%6.32%11.66%35.53%40.71%31.99%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets619.38M622.28M677.23M752.79M839.75M819.38M838.85M861.59M858.14M915.57M962.98M1.04B1.22B1.23B1.30B1.33B1.37B1.38B1.46B1.74B1.98B2.14B2.13B2.16B2.13B2.13B
Total Liabilities533.21M528.66M575.71M645.46M728.83M710.16M725.93M751.57M754.30M803.23M841.61M901.01M1.07B1.09B1.15B1.17B1.20B1.20B1.28B1.55B1.77B1.93B1.99B1.99B1.96B1.93B
Total Equity86.18M93.62M101.52M107.33M110.92M109.23M112.92M110.02M103.84M112.34M121.36M134.56M144.74M142.11M154.67M161.25M165.11M170.75M172.87M187.58M209.49M207.78M149.10M165.79M174.71M207.89M
Cash28.78M42.71M52.69M38.35M28.33M24.08M18.05M26.68M35.10M43.57M34.71M56.57M79.44M47.90M55.20M51.00M61.22M69.42M56.44M143.56M191.52M106.05M42.55M64.00M107.39M20.48M
Total Debt35.01M11.60M18.30M18.20M64.10M37.52M38.20M54.77M83.07M57.13M73.65M76.88M61.70M74.16M88.73M85.83M71.34M74.92M53.27M47.03M40.29M42.85M79.80M164.58M99.36M60.15M
Net Debt6.23M-31.11M-34.36M-20.15M35.77M13.45M20.14M28.09M47.98M13.56M38.94M20.30M-17.75M26.26M33.53M34.83M-33.72M-42.92M-41.84M-96.53M-151.23M-63.20M37.24M100.58M-8.03M39.67M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.21M12.25M11.22M14.83M13.17M9.47M11.06M10.76M12.72M11.40M16.82M21.27M22.01M23.53M19.51M22.62M21.42M18.85M20.71M20.18M29.71M30.54M21.23M19.21M14.30M21.34M
Investing Cash Flow-5.51M11.77M-41.24M-96.48M-103.65M14.56M-15.75M-17.58M-6.65M-63.25M-54.31M-65.27M-76.96M-47.92M16.18M-34.38M-43.47M-16.90M8.64M-78.96M-245.34M-268.64M-127.38M19.06M71.98M44.21M
Financing Cash Flow-68.22K-10.34M39.25M61.94M77.25M-24.70M3.11M16.35M-7.42M45.95M34.16M51.35M66.92M13.86M-36.23M12.03M27.52M-5.03M-25.35M63.01M205.83M154.13M44.91M-11.05M-40.15M-40.02M
Capital Expenditure617.33K2.61M2.54M681.79K1.36M3.16M2.56M1.92M220.09K203.00K362.51K554.10K863.38K445.79K1.59M2.20M680.10K626.38K631.50K780.44K1.25M1.87M2.86M4.89M298.00K642.00K
Free Cash Flow7.59M9.64M8.68M14.15M11.80M6.32M8.50M8.85M12.50M11.20M16.46M20.72M21.15M23.08M17.92M20.43M20.74M18.22M20.07M19.40M28.46M28.66M18.37M14.31M14.00M20.70M
Dividends Paid4.87M5.12M6.76M7.08M7.49M8.60M9.70M10.09M10.47M5.47M4.06M4.70M5.40M5.87M6.52M7.26M7.73M8.10M10.80M8.78M9.07M9.39M9.68M9.71M9.08M7.11M
FCF to OCF92.48%78.70%77.37%95.40%89.64%66.69%76.84%82.20%98.27%98.22%97.85%97.40%96.08%98.11%91.85%90.29%96.82%96.68%96.95%96.13%95.80%93.86%86.54%74.52%97.92%96.99%
Dividend Paid to FCF64.10%53.13%77.81%50.03%63.48%136.15%114.24%114.00%83.74%48.86%24.64%22.70%25.54%25.42%36.38%35.56%37.27%44.46%53.81%45.28%31.87%32.75%52.66%67.85%64.87%34.37%

Earnings

Report DateMar 31, 2001Jun 30, 2001Sep 30, 2001Dec 31, 2001Mar 31, 2002Jun 30, 2002Sep 30, 2002Dec 31, 2002Mar 31, 2003Jun 30, 2003Sep 30, 2003Jan 24, 2004Apr 16, 2004Sep 1, 2004Dec 1, 2004Jan 24, 2005Apr 15, 2005Aug 31, 2005Oct 14, 2005Jan 23, 2006Apr 14, 2006Jul 14, 2006Oct 13, 2006Jan 19, 2007Apr 13, 2007Aug 8, 2007Oct 12, 2007Jan 18, 2008Apr 18, 2008Aug 8, 2008Oct 10, 2008Jan 16, 2009Apr 17, 2009Aug 6, 2009Oct 16, 2009Jan 22, 2010Apr 16, 2010Jul 16, 2010Oct 15, 2010Jan 21, 2011Apr 15, 2011Jul 15, 2011Oct 14, 2011Jan 20, 2012Apr 13, 2012Jul 13, 2012Oct 12, 2012Jan 18, 2013Apr 12, 2013Jul 12, 2013Oct 18, 2013Jan 17, 2014Apr 14, 2014Jul 18, 2014Oct 17, 2014Mar 12, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Jan 22, 2016May 5, 2016Aug 4, 2016Nov 8, 2016Jan 20, 2017Apr 14, 2017Jul 14, 2017Oct 13, 2017Jan 19, 2018May 11, 2018Jul 13, 2018Oct 19, 2018Feb 13, 2019Apr 15, 2019Jul 19, 2019Oct 18, 2019Jan 25, 2020Apr 17, 2020Jul 17, 2020Oct 16, 2020Jan 22, 2021Apr 21, 2021Jul 19, 2021Oct 15, 2021Jan 27, 2022Apr 22, 2022Jul 15, 2022Oct 21, 2022Jan 20, 2023Apr 17, 2023Jul 17, 2023Oct 20, 2023Jan 19, 2024Apr 19, 2024Jul 19, 2024Nov 4, 2024Jan 23, 2025Apr 17, 2025Aug 8, 2025Oct 17, 2025Jan 23, 2026Apr 24, 2026Aug 14, 2026Oct 16, 2026
EPS Estimate---------------------------------0.280.290.240.200.240.340.360.340.360.360.380.390.420.400.420.400.370.400.400.400.400.420.42------------------------------0.000.000.000.000.000.000.00----0.00-0.000.620.650.68
EPS Actual0.280.290.290.270.310.290.310.290.310.280.340.300.320.300.360.340.320.320.310.280.310.290.270.290.270.300.310.290.310.200.000.170.260.260.270.170.350.330.380.320.370.340.380.390.380.360.410.370.390.350.400.360.490.410.400.340.360.440.420.410.440.410.430.390.390.370.420.420.540.460.480.450.460.500.440.470.390.490.620.570.660.640.740.580.570.460.620.490.360.280.330.240.260.240.250.390.390.510.510.730.670.67-
Surprise----------------------------------7.14%-6.90%-29.17%75.00%37.50%11.76%-11.11%8.82%-5.56%5.56%2.63%-2.56%-14.29%2.50%-11.90%-2.50%-5.41%0.00%-10.00%22.50%2.50%-4.76%-19.05%--------------------------------------------8.06%3.08%-
Timing--------------------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hours-------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hours-After-hours-After-hours-After-hours

Key Statistics & Ratios

Market Cap281.84M
Enterprise Value216.18M
Trailing P/E12.29
Forward P/E12.76
PEG Ratio1.03
Price / Sales3.92
Price / Book1.29
EPS2.59
Book Value24.06
Revenue (TTM)71.97M
Gross Profit (TTM)71.97M
Profit Margin31.91%
Operating Margin42.50%
Return on Equity11.31%
Return on Assets1.09%
Shares Outstanding8.86M
Shares Float8.71M
Beta0.30
Dividend Yield3.02%
Dividend Rate0.96
Payout Ratio35.62%

Ownership Breakdown

Institutions
41.63%
Insiders
1.26%
Retail / Other
57.11%

Top Institutional Holders

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    400.22K4.52%
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    299.30K3.38%
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    240.00K2.71%
  • Geode Capital Management, LLC
    202.48K2.29%
  • State Street Corp
    151.77K1.71%
  • American Century Companies Inc
    137.96K1.56%
  • Arrowstreet Capital Limited Partnership
    100.39K1.13%
  • Elizabeth Park Capital Advisors, Ltd
    80.48K0.91%
  • Northern Trust Corp
    69.78K0.79%
  • LPL Financial Corp
    57.18K0.65%
  • Marshall Wace Asset Management Ltd
    56.99K0.64%
  • Vanguard Fiduciary Trust Co
    55.86K0.63%
  • Vanguard Portfolio Management, LLC
    51.47K0.58%

Top Fund Holders

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    280.41K3.17%
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    263.50K2.98%
  • Avantis US Small Cap Value ETF
    166.16K1.88%
  • Fidelity Small Cap Index
    95.81K1.08%
  • iShares Russell 2000 Value ETF
    88.03K0.99%
  • DFA US Targeted Value I
    53.96K0.61%

Dividends

20263×
0.24Sep 1, 20260.24Jun 1, 20260.24Feb 27, 2026
20254×
0.20Dec 1, 20250.20Aug 29, 20250.20May 30, 20250.20Jan 31, 2025
20244×
0.20Nov 1, 20240.27Aug 1, 20240.27Apr 30, 20240.27Jan 31, 2024
20235×
0.27Oct 31, 20230.27Aug 31, 20230.27Jul 31, 20230.27Apr 28, 20230.27Jan 31, 2023
20224×
0.27Oct 31, 20220.27Jul 29, 20220.27Apr 28, 20220.26Jan 31, 2022
20214×
0.26Oct 29, 20210.26Jul 29, 20210.26Apr 29, 20210.25Jan 29, 2021

Stock Splits

  • Jul 18, 2005959692:319897
  • Mar 17, 19984:1