Ames National Corporation  (ATLO)
Other Ticker:  
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
Price: $19.5000 $0.18 0.932%
Day's High: $19.585 Week Perf: 2.63 %
Day's Low: $ 19.26 30 Day Perf: -5.39 %
Volume (M): 6 52 Wk High: $ 22.50
Volume (M$): $ 115 52 Wk Avg: $18.71
Open: $19.50 52 Wk Low: $15.01

 Market Capitalization (Millions $) 179
 Shares Outstanding (Millions) 9
 Employees 208
 Revenues (TTM) (Millions $) 53
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 27
 Capital Exp. (TTM) (Millions $) 5

Ames National Corporation

Ames National Corporation is an Iowa corporation and bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company owns 100% of the stock of five banking subsidiaries consisting of two national banks and three state-chartered banks, as described below. All of the Company’s operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located. The Company does not engage in any material business activities apart from its ownership of its banking subsidiaries and the management of its own investment and loan portfolios. The principal executive offices of the Company are located at 405 5th Street, Ames, Iowa 50010. The Company’s telephone number is (515) 232-6251 and website address is www.amesnational.com.

he Company was organized and incorporated on January 21, 1975 under the laws of the State of Iowa to serve as a holding company for its principal banking subsidiary, First National Bank, Ames, Iowa ("First National") located in Ames, Iowa. In 1983, the Company acquired the stock of the State Bank & Trust Co. ("State Bank") located in Nevada, Iowa; in 1991, the Company, through a newly-chartered state bank known as Boone Bank & Trust Co. ("Boone Bank"), acquired certain assets and assumed certain liabilities of the former Boone State Bank & Trust Company located in Boone, Iowa; in 1995, the Company acquired the stock of the Reliance State Bank, (”Reliance Bank”) located in Story City, Iowa; and in 2002, the Company chartered and commenced operations of a new national banking organization, United Bank & Trust NA (“United Bank”), located in Marshalltown, Iowa. First National, State Bank, Boone Bank, Reliance Bank and United Bank are each operated as a wholly owned subsidiary of the Company.

The principal sources of Company revenue are: (i) interest and fees earned on loans made or held by the Company and Banks; (ii) interest on fixed income investments held by the Company and the Banks; (iii) fees on wealth management services; (iv) service charges on deposit accounts maintained at the Banks; (v) merchant and card fees; (vi) gain on the sale of loans; and (vii) securities gains. The Company’s principal expenses are: (i) interest expense on deposit accounts and other borrowings; (ii) salaries and employee benefits; (iii) data processing costs primarily associated with maintaining the Banks’ loan and deposit functions; (iv) occupancy expenses for maintaining the Banks’ facilities; (v) professional fees; (vi) business development; (vii) Federal Deposit Insurance Corporation (the “FDIC”) insurance assessments; and (viii) other real estate owned expenses. The largest component contributing to the Company’s net income is net interest income, which is the difference between interest earned on earning assets (primarily loans and investments) and interest paid on interest bearing liabilities (primarily deposit accounts and other borrowings). One of management’s principal functions is to manage the spread between interest earned on earning assets and interest paid on interest bearing liabilities in an effort to maximize net interest income while maintaining an appropriate level of interest rate risk.

The Banks’ lending activities consist primarily of short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. The Banks also offer a variety of demand, savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit of payroll and social security checks and automated/video teller machine access. Four of the five Banks also offer trust services.

The Company provides various services to the Banks which include, but are not limited to, management assistance, internal auditing services, human resources services and administration, compliance management, marketing assistance and coordination, loan review and support with respect to computer systems and related procedures.

As a multi-bank holding company for five community banks, the Company emphasizes strong personal relationships to provide products and services that meet the needs of the Banks’ customers. The Company seeks to achieve growth and maintain a strong return on equity. To accomplish these goals, the Banks focus on small-to-medium size businesses that traditionally wish to develop an exclusive relationship with a single bank. The Banks, individually and collectively, have the size to give the personal attention required by business owners, in addition to the credit expertise to help businesses meet their goals.

The Banks offer a full range of deposit services that are typically available in most financial institutions, including checking accounts, savings accounts and time deposits of various types, ranging from money market accounts to longer-term certificates of deposit. One major goal in developing the Banks product mix is to keep the product offerings as simple as possible, both in terms of the number of products and the features and benefits of the individual services. The transaction accounts and time certificates are tailored to each Banks principal market area at rates competitive in that Bank’s market. In addition, retirement accounts such as IRAs (Individual Retirement Accounts) are available. The FDIC insures all deposit accounts up to the maximum amount. The Banks solicit these accounts from small-to-medium sized businesses in their respective primary trade areas, and from individuals who live and/or work within these areas. No material portion of the Banks deposits has been obtained from a single person or from a few persons. Therefore, the Company does not believe that the loss of the deposits of any person or of a few persons would have an adverse effect on the Banks operations or erode their deposit base.

Loans are provided to creditworthy borrowers regardless of their race, color, national origin, religion, sex, age, marital status, disability, receipt of public assistance or any other basis prohibited by law. The Banks intend to fulfill this commitment while maintaining prudent credit standards. In the course of fulfilling this obligation to meet the credit needs of the communities which they serve, the Banks give consideration to each credit application regardless of the fact that the applicant may reside in a low to moderate income neighborhood, and without regard to the geographic location of the residence, property or business within their market areas.

The Banks provide innovative, quality financial products, such as Internet banking and trust services that meet the banking needs of their customers and communities. The loan programs and acceptance of certain loans may vary from time-to-time depending on the funds available and regulations governing the banking industry.

   Company Address: 405 5TH Street Ames 50010 IA
   Company Phone Number: 232-6251   Stock Exchange / Ticker: NASDAQ ATLO

Customers Net Income fell by ATLO's Customers Net Profit Margin fell to

-13.79 %

8.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
BAC        8.91% 
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PNC        7.04% 
WFC        6.58% 
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Ames National Corporation

Ames National Corporation Faces Challenges with Weak Revenue and Earnings Performance in 2023

Ames National Corporation, a commercial banking company, recently released its financial results for the year-end 2023. The report highlights a significant drop in both revenue and earnings per share (EPS) compared to the previous year. Alongside this, the company witnessed a decline in operating and net margins, indicating challenges in maintaining profitability. Furthermore, the company's stock performance has been lackluster, reflecting low investor confidence. This article examines the facts and implications of these financial results.
I. Weakening Financial Performance:
1. Earnings per Share (EPS) Decline: In the year-end report of December 31, 2023, Ames National Corporation reported a significant decline in EPS by -50.09%. EPS dropped from $0.47 in the previous year to $0.23 in 2023.
2. Decreased Revenue: The company recorded a -17.086% decrease in revenue year-on-year. Revenue declined to $12.50 million from $15.07 million in the comparable period a year ago.
3. Deteriorating Performance Compared to the Previous Fiscal Period: In comparison to the preceding fiscal period, income per share declined by -29.42% from $0.33 per share. Additionally, revenue decreased by -6.207% from $13.32 million.

Ames National Corporation

Ames National Corporation's Profits Plunge: Earnings per Share Plummets by 46.77% in Q3 2023

Ames National Corporation Reports Decline in Financial Performance for Fiscal Year 2023
Ames National Corporation (ATLO) recently released its financial results for the fiscal year ending September 30, 2023. Unfortunately, the company reported a decrease in both top and bottom-line figures compared to the previous year.
During this fiscal period, ATLO witnessed a significant decline in earnings per share (EPS), which plummeted by 46.77% year on year. Revenue also took a hit, decreasing by 19.103% to $13.32 million from the previous year's figure of $16.47 million. These numbers highlight a challenging year for Ames National Corporation.

Ames National Corporation

EPS Plummeted by Over 50%: ATLO's Fiscal Struggles Revealed Amidst Weak Sales

The stock market is a dynamic environment where the fortunes of companies can fluctuate greatly, shaped by a plethora of factors such as industry performance, financial indicators, and overall market conditions. In light of recent developments, let's delve into the intriguing circumstances surrounding ATLO and Ames National Corporation, highlighting the significant trends and interesting facts that have emerged amidst their financial performance.
ATLO's Fiscal Struggles:
ATLO recently announced disappointing financial results, with a sharp decline in both the top and bottom line. The earnings per share (EPS) plummeted by a staggering -50.88%, while revenue experienced a substantial decline of -14.199% year on year. In the most recent fiscal period, revenue stood at $13.58 million, in contrast to $15.83 million in the prior year. This decline in revenue was mirrored by a decline in EPS, which dropped from $0.57 to $0.28, representing a significant decrease in profitability.

Ames National Corporation

Ames National Corporation Fights Through Financial Struggles Amidst Challenging First Quarter of 2023 Earnings Season

While the financial period ending March 31, 2023 may have brought some concerning news for Ames National Corporation with a plummeting net profit per share, income fade, and reduced revenue, there is reason to remain optimistic about this commercial banking company going forward.
Firstly, it's important to note that many companies experienced financial struggles during this period due to the ongoing impact of the COVID-19 pandemic on the economy. While no one could have predicted these unprecedented circumstances, Ames National Corporation has demonstrated resilience in its ability to continue generating revenue despite the challenges faced.


Ames National's Segments
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  Company Estimates  
  Revenue Outlook
Ames National does not provide revenue guidance.

Earnings Outlook
Ames National Corporation does not provide earnings estimates.

Geographic Revenue Dispersion


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