Ames National Corp (ATLO)
Operating cash flow minus capital spending left $20.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $75.2M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Ames National Corp
- Net worth
- Ames National Corp has a market value (market cap) of $303.2M at the latest share price, and shareholders' equity of $205.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $21.3M of cash; after $642K of capital spending, free cash flow was $20.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Ames National Corp's next report is expected around January 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Ames National Corp declared dividends of $0.60 per share in fiscal 2025, a yield of 1.75% at the current price.
What Ames National Corp does
Ames National Corp is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NASDAQ under the ticker ATLO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $19M | $2.14 | $20.7M |
| 2024 | n/a | $10.2M | $1.14 | $14M |
| 2023 | n/a | $10.8M | $1.20 | $14.3M |
| 2022 | n/a | $19.3M | $2.14 | $18.4M |
| 2021 | n/a | $23.9M | $2.62 | $28.6M |
| 2020 | n/a | $18.9M | $2.06 | $28.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Ames National Corp declared $0.60 per share in fiscal 2025. At the current price that is a yield of 1.75%. It paid out $7.1M in cash dividends, 37% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.60 | $7.1M | 37% |
| 2024 | $0.94 | $9.1M | 89% |
| 2023 | $1.08 | $9.7M | 90% |
| 2022 | $1.08 | $9.7M | 50% |
| 2021 | $1.29 | $9.4M | 39% |
| 2020 | $0.75 | $9.1M | 48% |
Latest SEC filings
What Ames National Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- October 16, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Form 13F-HR filing 13F-HR
- August 13, 2026Other event 8-K
- August 13, 2026Form N-PX filing N-PX
- August 7, 2026
- July 17, 2026
- June 24, 2026
- May 15, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Ames National Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $46.8K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Bauer Scott TPresident of subsidiary bank | Bought | 88 | $3K |
| November 3, 2026 | Snodgrass AdamPresident of subsidiary bank | Bought | 200 | $6.8K |
| October 30, 2026 | Cassabaum Michelle RDirector | Bought | 48 | $1.6K |
| September 9, 2026 | Baker Jeffery CDirector | Bought | 300 | $9.6K |
| August 31, 2026 | Cassabaum Michelle RDirector | Bought | 180 | $5.7K |
| August 20, 2026 | Beals Douglas WDirector | Bought | 325 | $10.1K |
| August 14, 2026 | Schreier RichardPresident of subsidiary bank | Bought | 316 | $10K |
| July 31, 2026 | Cassabaum Michelle RDirector | Bought | 140 | $4.2K |
Who owns ATLO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.17% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 100 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 683,151 | +73,992 |
| Vanguard Capital Management LLC | 387,611 | -12,608 |
| Dimensional Fund Advisors LP | 299,300 | +26,260 |
| Geode Capital Management, LLC | 223,415 | +20,933 |
| State Street Corp | 204,851 | +53,081 |
| American Century Companies Inc | 137,955 | +92,764 |
| Arrowstreet Capital, Limited Partnership | 135,903 | +35,511 |
| Qube Research & Technologies Ltd | 85,233 | new |
| Marshall Wace, Llp | 83,618 | +26,632 |
| Elizabeth Park Capital Advisors, Ltd. | 80,480 | 0 |
| Northern Trust Corp | 74,396 | +4,621 |
| Renaissance Technologies LLC | 62,184 | +24,200 |
| Vanguard Portfolio Management LLC | 60,601 | +9,132 |
| Vanguard Fiduciary Trust Co | 59,174 | +3,312 |
| LPL Financial LLC | 58,546 | +1,369 |
| Aqr Capital Management LLC | 56,205 | +24,033 |
| Morgan Stanley | 53,461 | +6,545 |
| Ames National Corp | 46,557 | 0 |
| O'Shaughnessy Asset Management, LLC | 43,214 | +9,540 |
| Connor, Clark & Lunn Investment Management Ltd. | 43,074 | +16,097 |
Insiders
10 insiders reported holding 50,592 shares in total, about $1.7M at the last price.
| Holder | Shares |
|---|---|
| Cassabaum Michelle RDirector | 10,356 |
| Hagan Patrick GDirector | 9,600 |
| Schreier RichardPresident of subsidiary bank | 7,848 |
| Swartz Kevin LDirector | 5,380 |
| Bauer Scott TPresident of subsidiary bank | 4,101 |
| Baker Jeffery CDirector | 3,879 |
| Putzier Jeffrey KPresident of subsidiary bank | 3,827 |
| Beals Douglas WDirector | 3,275 |
| Snodgrass AdamPresident of subsidiary bank | 1,326 |
| Trost Scot A.Director | 1,000 |
Questions about ATLO
What does Ames National Corp do?
Ames National Corp is a company in the Finance sector, listed on NASDAQ as ATLO. Its shares trade on NASDAQ under the ticker ATLO.
What is Ames National Corp's net worth?
Ames National Corp has a market value (market cap) of $303.2M at the latest share price, and shareholders' equity of $205.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Ames National Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $25.5M.
When did Ames National Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Ames National Corp's next earnings report?
Ames National Corp's next report is expected around January 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Ames National Corp pay a dividend?
Yes. Ames National Corp declared dividends of $0.60 per share in fiscal 2025, a yield of 1.75% at the current price.
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Where the numbers come from
Financial figures are the values Ames National Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.