AMES NATIONAL CORP (ATLO)

What AMES NATIONAL CORP does

Ames National Corporation is an Iowa-based bank holding company that owns six banking subsidiaries (five state-chartered banks and one national bank) operating exclusively in central, north-central, and south-central Iowa. The company generates revenue primarily from interest and fees on commercial, agricultural, and residential real estate loans, as well as from investment securities, wealth management services, and deposit account service charges.

Fundamentals

• Price$29.04 as of 2026-07-09 close
• Market cap$255M as of 2026-07-10
• 1-year return+56.9% as of 2026-07-09 close
• P/E11.86 as of 2026-07-10
• Net margin+23.4% as of 2026-07-10
• ROE+10.7% as of 2026-07-10
• Debt / equity0.19 as of 2026-07-10
• Revenue growth (YoY)+20.3% as of 2026-07-10
• Beta0.31 as of 2026-07-10

Dividend: yield +3.3%; 1-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Concentrated geographic exposure to Iowa with all operations limited to central, north-central, and south-central Iowa, creating vulnerability to regional economic downturns and natural disasters.","Interest rate risk from managing the spread between interest earned on loans and investments and interest paid on deposits and borrowings, exposed to rising rate environment and deposit flight.","Agricultural lending concentration where loan portfolio includes significant agricultural real estate and operating loans, subject to commodity price volatility and farm sector cyclicality."]

See ATLO's biggest risks from its latest 10-Q →

Competitors & peers

• Farmers & Merchants Bancorp
• Great Western Bancorp
• Hawthorn Bancshares
• Brenton Bank (private)

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