ATLO
Ames National Corporation
NASDAQ: ATLO · FINANCIAL SERVICES · BANKS - REGIONAL
$28.18
+0.64% today
Updated 2026-04-30
Market cap
$248.44M
P/E ratio
13.11
P/S ratio
3.60x
EPS (TTM)
$2.14
Dividend yield
2.27%
52W range
$16 – $30
Volume
0.1M
Ames National Corporation (ATLO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.97M | $54.77M | $54.56M | $45.85M | $44.13M | $44.59M | $45.51M | $46.15M | $48.98M | $51.42M | $52.13M | $53.79M | $57.63M | $64.81M | $73.56M | $71.02M | $71.24M | $83.52M | $92.44M | $98.26M |
| Revenue growth (YoY) | — | +7.5% | -0.4% | -16.0% | -3.7% | +1.0% | +2.1% | +1.4% | +6.1% | +5.0% | +1.4% | +3.2% | +7.1% | +12.5% | +13.5% | -3.5% | +0.3% | +17.2% | +10.7% | +6.3% |
| Cost of revenue | $21.12M | $23.44M | $17.71M | $11.78M | $8.44M | $7.26M | $5.77M | $5.86M | $4.98M | $5.28M | $4.66M | $7.10M | $8.24M | $12.24M | $13.78M | $3.73M | $7.43M | $30.46M | $38.22M | $33.13M |
| Gross profit | $29.85M | $31.33M | $36.85M | $34.06M | $35.69M | $37.32M | $39.73M | $40.29M | $44.00M | $46.13M | $47.47M | $46.69M | $49.39M | $52.56M | $59.78M | $67.29M | $63.80M | $53.05M | $54.22M | $65.14M |
| Gross margin | 58.6% | 57.2% | 67.5% | 74.3% | 80.9% | 83.7% | 87.3% | 87.3% | 89.8% | 89.7% | 91.1% | 86.8% | 85.7% | 81.1% | 81.3% | 94.8% | 89.6% | 63.5% | 58.7% | 66.3% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $9.41M | $10.04M | $13.21M | $18.52M | $11.95M | $12.37M | $13.13M | $13.79M | $14.78M | $15.91M | $16.23M | $16.42M | $18.46M | $19.87M | $23.18M | $22.86M | $23.52M | $24.76M | $26.31M | $20.75M |
| Operating income | $14.34M | $14.55M | $7.20M | $11.30M | $17.47M | $18.47M | $18.93M | $18.61M | $20.87M | $20.82M | $22.54M | $21.28M | $21.42M | $21.04M | $23.23M | $30.67M | $25.16M | $12.89M | $12.24M | $23.21M |
| Operating margin | 28.1% | 26.6% | 13.2% | 24.6% | 39.6% | 41.4% | 41.6% | 40.3% | 42.6% | 40.5% | 43.2% | 39.6% | 37.2% | 32.5% | 31.6% | 43.2% | 35.3% | 15.4% | 13.2% | 23.6% |
| EBITDA | $15.45M | $15.39M | $8.29M | $13.04M | $18.22M | $19.21M | $19.91M | $19.68M | $22.08M | $22.39M | $24.12M | $22.79M | $22.98M | $22.89M | $25.50M | $32.70M | $27.16M | $14.64M | $13.93M | $24.67M |
| EBITDA margin | 30.3% | 28.1% | 15.2% | 28.5% | 41.3% | 43.1% | 43.8% | 42.6% | 45.1% | 43.5% | 46.3% | 42.4% | 39.9% | 35.3% | 34.7% | 46.0% | 38.1% | 17.5% | 15.1% | 25.1% |
| EBIT | $14.34M | $14.55M | $7.20M | $11.30M | $17.47M | $18.47M | $18.93M | $18.61M | $20.87M | $20.82M | $22.54M | $21.28M | $21.42M | $21.04M | $23.23M | $30.67M | $25.16M | $12.89M | $12.24M | $23.21M |
| Interest expense | $21.31M | $23.54M | $16.40M | $10.23M | $7.78M | $6.73M | $5.75M | $5.07M | $4.55M | $4.19M | $4.14M | $5.58M | $7.60M | $10.93M | $8.10M | $4.49M | $8.31M | $29.68M | $37.63M | $31.43M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $10.94M | $11.01M | $6.35M | $9.01M | $12.97M | $13.92M | $14.18M | $13.95M | $15.25M | $15.01M | $15.73M | $13.70M | $17.01M | $17.19M | $18.85M | $23.91M | $19.29M | $10.82M | $10.22M | $19.03M |
| Net income growth (YoY) | — | +0.6% | -42.3% | +41.8% | +44.0% | +7.4% | +1.9% | -1.6% | +9.3% | -1.6% | +4.8% | -12.9% | +24.2% | +1.1% | +9.6% | +26.9% | -19.3% | -43.9% | -5.5% | +86.2% |
| Profit margin | 21.5% | 20.1% | 11.6% | 19.6% | 29.4% | 31.2% | 31.2% | 30.2% | 31.1% | 29.2% | 30.2% | 25.5% | 29.5% | 26.5% | 25.6% | 33.7% | 27.1% | 13.0% | 11.1% | 19.4% |