Ames National Corp. (ATLO)
Nasdaq · National Commercial Banks · Finance, insurance and real estate · CIK 1132651 · fiscal year ends in Dec
Closing price $33.52 on 30 Oct 2026; 52-week range $20.84 to $34.09.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $72.6M
- Revenue growth
- 21.3%
- Net income, last twelve months
- $23.0M
- Earnings per share
- $2.58
- Net margin
- 31.6%
- Free cash flow
- $21.0M
- Return on equity
- 10.8%
- Market value
- $296.9M
- Price to earnings
- 13.0x
- Dividend yield
- 2.6%
- Cash
- $107.2M
- Debt
- $47.4M
- Debt to equity
- 0.22
- Shares outstanding
- 8.9M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $66.8M | – | $19.0M | $2.14 | $20.7M | 10-K filed 12 Mar 2026 |
| FY2024 | 31 Dec 2024 | $54.8M | – | $10.2M | $1.14 | $14.0M | 10-K filed 12 Mar 2025 |
| FY2023 | 31 Dec 2023 | $53.8M | – | $10.8M | $1.20 | $14.3M | 10-K filed 8 Mar 2024 |
| FY2022 | 31 Dec 2022 | $62.9M | – | $19.3M | $2.14 | $18.4M | 10-K filed 10 Mar 2023 |
| FY2021 | 31 Dec 2021 | $66.5M | – | $23.9M | $2.62 | $28.6M | 10-K filed 11 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $19.1M | $5.9M | $0.67 |
| Q1 FY2026 | 31 Mar 2026 | $18.2M | $6.0M | $0.67 |
| Q4 FY2025 | 31 Dec 2025 | $18.7M | $6.5M | $0.73 |
| Q3 FY2025 | 30 Sep 2025 | $16.6M | $4.6M | $0.51 |
| Q2 FY2025 | 30 Jun 2025 | $16.1M | $4.5M | $0.51 |
| Q1 FY2025 | 31 Mar 2025 | $15.5M | $3.4M | $0.39 |
| Q4 FY2024 | 31 Dec 2024 | $14.7M | $3.5M | $0.39 |
| Q3 FY2024 | 30 Sep 2024 | $13.5M | $2.2M | $0.25 |
Company events
The newest 8-K filings of 198 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 16 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 13 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 17 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 15 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 1 May 2026 | 8-K | Shareholder vote | 5.07 |
| 24 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 13 Feb 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 23 Jan 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 13 Nov 2025 | 8-K | Other events | 8.01, 9.01 |
| 17 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 13 Aug 2025 | 8-K | Other events | 8.01, 9.01 |
| 18 Jul 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 401 held.
| Filed | Form | Period |
|---|---|---|
| 16 Oct 2026 | 8-K | 16 Oct 2026 |
| 13 Aug 2026 | 8-K | 12 Aug 2026 |
| 13 Aug 2026 | N-PX | 30 Jun 2026 |
| 7 Aug 2026 | 10-Q | 30 Jun 2026 |
| 17 Jul 2026 | 8-K | 17 Jul 2026 |
| 24 Jun 2026 | 11-K | 31 Dec 2025 |
| 15 May 2026 | 8-K | 13 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 1 May 2026 | 8-K | 29 Apr 2026 |
| 24 Apr 2026 | 8-K | 24 Apr 2026 |
| 13 Mar 2026 | DEFA14A | – |
| 13 Mar 2026 | DEF 14A | 29 Apr 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 9 Sep 2026 | Baker Jeffery C, Director | Purchase | 300 | $31.88 | $9.6K | 3,879 | 10 Sep 2026 |
| 31 Aug 2026 | Cassabaum Michelle R, Director | Purchase | 180 | $31.54 | $5.7K | 10,308 | 1 Sep 2026 |
| 20 Aug 2026 | Beals Douglas W, Director | Purchase | 325 | $31.16 | $10.1K | 3,275 | 21 Aug 2026 |
| 14 Aug 2026 | Schreier Richard, Insider | Purchase | 316 | $31.60 | $10.0K | 7,848 | 17 Aug 2026 |
| 31 Jul 2026 | Cassabaum Michelle R, Director | Purchase | 140 | $30.20 | $4.2K | 10,128 | 3 Aug 2026 |
| 29 May 2026 | Cassabaum Michelle R, Director | Purchase | 170 | $28.83 | $4.9K | 9,988 | 29 May 2026 |
| 15 May 2026 | Hagan Patrick G, Director | Purchase | 200 | $27.69 | $5.5K | 9,600 | 15 May 2026 |
| 12 May 2026 | Hagan Patrick G, Director | Purchase | 100 | $27.65 | $2.8K | 9,400 | 12 May 2026 |
| 30 Apr 2026 | Cassabaum Michelle R, Director | Purchase | 84 | $28.08 | $2.4K | 9,818 | 30 Apr 2026 |
| 27 Feb 2026 | Cassabaum Michelle R, Director | Purchase | 205 | $27.25 | $5.6K | 9,734 | 27 Feb 2026 |
| 30 Jan 2026 | Cassabaum Michelle R, Director | Purchase | 280 | $26.11 | $7.3K | 9,193 | 2 Feb 2026 |
| 10 Dec 2025 | Trost Scot A., Director | Purchase | 200 | $22.88 | $4.6K | 1,000 | 10 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Fourthstone LLC | 13G amended | 0.19% | 16.8K |
| 15 May 2026 | Fourthstone LLC | 13G | 7.71% | 683.3K |
| 29 Apr 2026 | Vanguard Capital Management | 13G | 5.17% | 458.5K |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 261.4K | +5.35% | 14.55 |
| 30 Sep 2026 | 248.1K | -20.6% | 10.93 |
| 15 Sep 2026 | 312.5K | -19.27% | 8.63 |
| 31 Aug 2026 | 387.0K | +44.58% | 9.55 |
| 14 Aug 2026 | 267.7K | -1.06% | 8.62 |
| 31 Jul 2026 | 270.6K | +12.02% | 7.79 |
| 15 Jul 2026 | 241.5K | +12.88% | 4.73 |
| 30 Jun 2026 | 214.0K | +9.28% | 1.63 |
Funds that hold it
From each fund's latest Form 13F.
103 funds held it at 30 Jun 2026: 64 added and 14 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 683,151 | $20.2M | +73,992 |
| Vanguard Capital Management LLC | 387,611 | $11.5M | -12,608 |
| Dimensional Fund Advisors LP | 299,300 | $8.9M | +26,260 |
| Geode Capital Management, LLC | 223,415 | $6.6M | +20,933 |
| State Street Corp. | 204,851 | $6.1M | +53,081 |
| American Century Companies Inc. | 137,955 | $4.1M | +92,764 |
| Arrowstreet Capital, Limited Partnership | 135,903 | $4.0M | +35,511 |
| Qube Research & Technologies Ltd | 85,233 | $2.5M | +85,233 |
| Marshall Wace, LLP | 83,618 | $2.5M | +26,632 |
| Elizabeth Park Capital Advisors, Ltd. | 80,480 | $2.4M | 0 |
Peers
Companies in the same industry.
- JPMorgan Chase & Co. (JPM): revenue $199.4B, market value $896.1B
- Bank of America Corp. (BAC): revenue –, market value $346.2B
- Wells Fargo & Company (WFC): revenue $87.2B, market value $250.4B
- Citigroup Inc. (C): revenue $91.4B, market value $205.7B
- Capital One Financial Corp. (COF): revenue $62.0B, market value $125.7B
- Mizuho Financial Group Inc. (MFG): revenue $29.9B, market value $118.3B
- U.S. Bancorp (USB): revenue $29.6B, market value $92.6B
- PNC Financial Services Group, Inc. (PNC): revenue $25.0B, market value $90.9B
- Truist Financial Corp. (TFC): revenue $19.4B, market value $58.5B
- Huntington Bancshares Inc. (HBAN): revenue $10.4B, market value $31.8B