Ames National Corporation (ATLO)

Name: Ames National Corporation Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$23.7M

Net Income

$3.4M

Operating Margin

17.9%

Free Cash Flow

$20.7M

Debt / Assets

90.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Ames National Corporation (ATLO).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	23,665,000	23,877,000	23,125,000	23,154,000
Cost of Revenue	9,165,000	8,998,000	10,006,000	9,845,000
Gross Profit	14,500,000	14,879,000	13,119,000	13,309,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	6,633,000	6,466,000	6,572,000	6,733,000
Operating Expenses	10,263,000	10,541,000	10,505,000	10,740,000
Operating Income	4,237,000	4,338,000	2,614,000	2,569,000
Interest Expense	8,203,000	9,128,000	9,635,000	9,663,000
Income Before Tax	4,237,000	4,338,000	2,614,000	2,569,000
Income Tax Expense	794,000	825,000	397,000	385,000
Net Income	3,443,000	3,513,000	2,217,000	2,184,000
Per Share
EPS	0.39	0.39	0.25	0.24
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Ames National Corporation (ATLO).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	98,263,000	92,444,000	52,284,000	62,931,000	66,534,000
Cost of Revenue	33,128,000	38,223,000	-1,556,000	0	0
Gross Profit	65,135,000	54,221,000	53,840,000	62,931,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	21,240,000	26,309,000	24,759,000	23,517,000	29,873,000
Operating Expenses	41,929,000	41,980,000	53,840,000	-28,037,000	0
Operating Income	23,206,000	12,241,000	0	34,894,000	0
Interest Expense	31,431,000	37,631,000	29,676,000	8,309,000	4,485,000
Income Before Tax	23,866,000	12,241,000	12,889,000	25,161,000	30,673,000
Income Tax Expense	4,839,000	2,023,000	2,072,000	5,868,000	6,760,000
Net Income	19,027,000	10,218,000	10,817,000	19,293,000	23,913,000
Per Share
EPS	2.14	1.14	1.20	2.14	2.62
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Ames National Corporation (ATLO).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	20,481,000	107,393,000	64,005,000	42,553,000
Short Term Investments	655,954,000	194,787,000	736,389,000	786,438,000
Net Receivables	1,280,222,000	13,864,000	12,953,000	11,275,000
Inventory	0	0	-1,253,707,000	-53,828,000
Total Current Assets	1,956,657,000	316,044,000	76,958,000	840,266,000
Property Plant Equipment	20,920,000	21,567,000	22,549,000	18,895,000
Goodwill and Intangibles	13,215,000	13,516,000	13,853,000	14,355,000
Total Assets	2,133,540,000	2,133,180,000	2,159,499,000	2,134,926,000
Liabilities
Account Payables	0	3,208,000	4,710,000	666,000
Short Term Debt	38,799,000	52,412,000	53,994,000	40,676,000
Total Current Liabilities	395,127,000	1,902,302,000	1,284,697,000	1,199,061,000
Long Term Debt	21,352,000	46,952,000	110,588,000	39,120,000
Total Liabilities	1,925,646,000	1,958,474,000	1,993,711,000	1,985,828,000
Shareholders Equity
Retained Earnings	195,993,000	182,236,000	180,438,000	179,931,000
Total Shareholders Equity	207,894,000	174,706,000	165,788,000	149,098,000

Balance sheet annual history for Ames National Corporation (ATLO).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	20,481,000	107,393,000	64,005,000	42,553,000	106,051,000
Short Term Investments	655,954,000	194,787,000	736,389,000	786,438,000	831,003,000
Net Receivables	1,280,222,000	13,864,000	12,953,000	11,275,000	10,124,000
Inventory	0	0	-1,253,707,000	-53,828,000	0
Total Current Assets	1,956,657,000	316,044,000	76,958,000	840,266,000	1,273,597,000
Property Plant Equipment	20,920,000	21,567,000	22,549,000	18,895,000	17,512,000
Goodwill and Intangibles	13,215,000	13,516,000	13,853,000	14,355,000	14,929,000
Total Assets	2,133,540,000	2,133,180,000	2,159,499,000	2,134,926,000	2,137,041,000
Liabilities
Account Payables	0	3,208,000	4,710,000	666,000	0
Short Term Debt	38,799,000	52,412,000	53,994,000	40,676,000	0
Total Current Liabilities	395,127,000	1,902,302,000	1,284,697,000	1,199,061,000	0
Long Term Debt	21,352,000	46,952,000	110,588,000	39,120,000	3,000,000
Total Liabilities	1,925,646,000	1,958,474,000	1,993,711,000	1,985,828,000	1,929,263,000
Shareholders Equity
Retained Earnings	195,993,000	182,236,000	180,438,000	179,931,000	170,377,000
Total Shareholders Equity	207,894,000	174,706,000	165,788,000	149,098,000	207,778,000

Cash flow quarterly history for Ames National Corporation (ATLO).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	19,027,000	10,218,000	10,817,000	19,293,000
Depreciation & Amortization	264,000	1,692,000	1,752,000	1,998,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-368,000	345,000	2,874,000	-3,078,000
Operating Cash Flow	21,339,000	14,299,000	18,815,000	21,231,000
Investing Activities
Capital Expenditure	-642,000	-298,000	-4,894,000	-2,858,000
Investments	0	-298,000	-4,894,000	-2,858,000
Investing Cash Flow	44,212,000	71,980,000	19,454,000	-127,384,000
Financing Activities
Debt Repayment	-39,213,000	-63,636,000	-84,786,000	-3,300,000
Common Stock Issued/Repurchased	-1,684,000	-704,000	0	-2,300,000
Dividends Paid	-7,113,000	-9,082,000	-9,712,000	-9,675,000
Financing Cash Flow	-40,025,000	-40,153,000	-11,052,000	44,908,000
Summary
Free Cash Flow	20,697,000	14,001,000	13,921,000	18,373,000
Net Change in Cash	25,526,000	46,126,000	27,217,000	-61,245,000

Cash flow annual history for Ames National Corporation (ATLO).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	19,027,000	10,218,000	10,817,000	19,293,000	23,913,000
Depreciation & Amortization	264,000	1,692,000	1,752,000	1,998,000	2,027,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-368,000	345,000	2,874,000	-3,078,000	-5,000
Operating Cash Flow	21,339,000	14,299,000	18,815,000	21,231,000	30,539,000
Investing Activities
Capital Expenditure	-642,000	-298,000	-4,894,000	-2,858,000	-1,874,000
Investments	0	-298,000	-4,894,000	-2,858,000	-1,874,000
Investing Cash Flow	44,212,000	71,980,000	19,454,000	-127,384,000	-268,636,000
Financing Activities
Debt Repayment	-39,213,000	-63,636,000	-84,786,000	-3,300,000	0
Common Stock Issued/Repurchased	-1,684,000	-704,000	0	-2,300,000	-710,000
Dividends Paid	-7,113,000	-9,082,000	-9,712,000	-9,675,000	-9,389,000
Financing Cash Flow	-40,025,000	-40,153,000	-11,052,000	44,908,000	154,129,000
Summary
Free Cash Flow	20,697,000	14,001,000	13,921,000	18,373,000	28,665,000
Net Change in Cash	25,526,000	46,126,000	27,217,000	-61,245,000	-83,968,000