Ames National Corp
ATLO- Exchange
- Nasdaq
- Industry
- National Commercial Banks
- SEC CIK
- 0001132651
In the last 90 days, Ames National Corp insiders filed 7 open-market purchases and 0 sales; 99 institutions reported holding it in 13F filings for Q2 2026, worth $107.2M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:41 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 23, 2026 | Jan 24, 2025 | Jan 19, 2024 | Jan 20, 2023 | Jan 21, 2022 |
| Revenue | $87.1M | $82.6M | $74.3M | $61.6M | $60.5M |
| Interest expense | – | – | $29.7M | $8.31M | $4.49M |
| Income tax | $4.84M | $2.02M | $2.07M | $5.87M | $6.76M |
| Net income | $19.0M | $10.2M | $10.8M | $19.3M | $23.9M |
| EPS, basic | $2.14 | $1.14 | $1.20 | $2.14 | $2.62 |
| Weighted shares, basic | 8.90M | 8.99M | 8.99M | 9.03M | 9.11M |
| Margins and growth | |||||
| Net margin | 21.8% | 12.4% | 14.6% | 31.3% | 39.5% |
| Revenue growth, year over year | +5.4% | +11.2% | +20.7% | +1.8% | −3.9% |
| Net income growth, year over year | +86.2% | −5.5% | −43.9% | −19.3% | +26.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 23, 2026 | Jan 24, 2025 | Jan 19, 2024 | Jan 20, 2023 | Jan 21, 2022 |
| Cash and equivalents | $126.8M | $101.2M | $55.1M | $27.9M | $89.1M |
| Property, plant and equipment | $20.9M | $21.6M | $22.5M | $18.9M | $17.5M |
| Goodwill | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M |
| Intangible assets | $791.0K | $1.09M | $1.43M | $1.93M | $2.50M |
| Total assets | $2.13B | $2.13B | $2.16B | $2.13B | $2.14B |
| Long-term debt | $18.4M | $20.0M | $3.49M | – | – |
| Total liabilities | $1.93B | $1.96B | $1.99B | $1.99B | $1.93B |
| Shareholders' equity | $207.9M | $174.7M | $165.8M | $149.1M | $207.8M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 23, 2026 | Jan 24, 2025 | Jan 19, 2024 | Jan 20, 2023 | Jan 21, 2022 |
| Operating cash flow | $21.3M | $14.3M | $19.2M | $21.2M | $30.5M |
| Capital expenditures | $642.0K | $298.0K | $4.89M | $2.86M | $1.87M |
| Free cash flow | $20.7M | $14.0M | $14.3M | $18.4M | $28.7M |
| Dividends paid | $7.11M | $9.08M | $9.71M | $9.68M | $9.39M |
| Share buybacks | $1.68M | $704.0K | $0 | $2.30M | $710.0K |
| Investing cash flow | $44.2M | $72.0M | $19.1M | -$127.4M | -$268.6M |
| Financing cash flow | -$40.0M | -$40.2M | -$11.1M | $44.9M | $154.1M |
| Net change in cash | $25.5M | $46.1M | $27.2M | -$61.2M | -$84.0M |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 31, 2026 | 8.86M | −0.4% | SEC |
| Jul 31, 2026 | 8.86M | −0.5% | SEC |
| Apr 30, 2026 | 8.86M | −0.7% | SEC |
| Feb 27, 2026 | 8.86M | −0.7% | SEC |
| Oct 31, 2025 | 8.89M | −1.1% | SEC |
| Jul 31, 2025 | 8.90M | −1.0% | SEC |
| Apr 30, 2025 | 8.92M | −0.9% | SEC |
| Mar 1, 2025 | 8.92M | −0.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.