Ames National (ATLO) Financial Statements & Analysis

Ames National (ATLO) Income Statement

Ames National reported revenue of $65.03M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 18.6% from $54.81M a year earlier. Net income was $19.03M, up 86.2% year over year, a net margin of 29.3%. Gross margin was 100.2% and operating margin 35.7%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $20.35M, up 27.6% from the same quarter a year earlier.

Ames National Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ames National Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	65.03	54.81	53.84	63.05	66.53	73.56	64.81	57.63	53.79
Cost of Revenue	33.13	38.22	30.47	7.44	3.73	13.78	12.24	8.24	7.10
Gross Profit	65.14	54.22	53.05	63.81	67.29	59.78	52.56	49.39	46.69
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	13.69	26.31	24.76	13.60	22.86	23.18	19.87	18.46	16.42
Operating Expenses	41.93	41.98	40.16	38.64	36.62	36.55	31.52	27.97	25.40
Operating Income	23.21	12.24	12.89	25.16	30.67	23.23	21.04	21.42	21.28
Other Income/Expense
Interest Income	87.09	82.61	74.30	61.55	60.48	62.94	56.18	49.73	45.79
Interest Expense	31.43	37.63	29.68	8.31	4.49	8.10	10.93	7.60	5.58
Other Income/Expense	0.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	23.87	12.24	12.89	25.16	30.67	23.23	21.04	21.42	21.28
Income Tax Expense	4.84	2.02	2.07	5.87	6.76	4.38	3.85	4.41	7.58
Net Income	19.03	10.22	10.82	19.29	23.91	18.85	17.19	17.01	13.70
Net Income - Continuous Operations	19.03	10.22	10.82	19.29	23.91	18.85	17.19	17.01	13.70
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	1.55	2.54	14.64	4.13	32.70	25.50	22.89	22.98	22.79
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.46	0.34	0.50	2.00	0.63	2.27	1.85	1.56	1.50
Earnings Per Share
Basic EPS	2.00	1.00	1.00	2.00	3.00	2.00	2.00	2.00	1.00
Diluted EPS	2.00	1.00	1.00	2.00	3.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	8.90	8.96	9.01	9.03	9.13	9.15	9.24	9.30	9.31
Diluted Shares Outstanding	8.90	8.96	9.01	9.03	9.13	9.15	9.24	9.31	9.32

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Ames National Financial Statements

What was Ames National's revenue in fiscal 2025?

Ames National reported revenue of $65.03M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 18.6% from $54.81M a year earlier.

Is Ames National profitable?

Yes. Ames National earned net income of $19.03M in fiscal 2025, a net margin of 29.3%. In fiscal 2024 it earned $10.22M.

What is Ames National's operating margin?

Ames National's operating income was $23.21M on revenue of $65.03M in fiscal 2025, an operating margin of 35.7%, compared with 22.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition