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Stocks · Financials · National Commercial Banks

AMES NATIONAL CORP

ATLO Clue Score75
United States Fiscal year ends December CIK 0001132651
$31.46 -1.63% Close, 9 Oct 2026
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Price $31.46 +33.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income15.7Fiscal year 2017Net income13.7 −12.9%Fiscal year 2018Net income17.0 +24.2%Fiscal year 2019Net income17.2 +1.1%Fiscal year 2020Net income18.9 +9.6%Fiscal year 2021Net income23.9 +26.9%Fiscal year 2022Net income19.3 −19.3%Fiscal year 2023Net income10.8 −43.9%Fiscal year 2024Net income10.2 −5.5%Fiscal year 2025Net income19.0 +86.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 15.7 13.7 17.0 17.2 18.9 23.9 19.3 10.8 10.2 19.0
Growth −12.9% +24.2% +1.1% +9.6% +26.9% −19.3% −43.9% −5.5% +86.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow21.4Capital expenditure−0.3Free cash flow21.1Dividends paid−7.7Fiscal year 2017Operating cash flow18.8Capital expenditure−0.5Free cash flow18.3 −13.3%Dividends paid−8.1Fiscal year 2018Operating cash flow20.7Capital expenditure−0.6Free cash flow20.1 +9.6%Buybacks−0.5Dividends paid−10.8Fiscal year 2019Operating cash flow20.2Capital expenditure−0.8Free cash flow19.4 −3.4%Buybacks−1.8Dividends paid−8.8Fiscal year 2020Operating cash flow29.7Capital expenditure−1.2Free cash flow28.5 +46.7%Buybacks−2.0Dividends paid−9.1Fiscal year 2021Operating cash flow30.5Capital expenditure−1.9Free cash flow28.6 +0.5%Buybacks−0.7Dividends paid−9.4Fiscal year 2022Operating cash flow21.2Capital expenditure−2.9Free cash flow18.4 −35.7%Buybacks−2.3Dividends paid−9.7Fiscal year 2023Operating cash flow19.2Capital expenditure−4.9Free cash flow14.3 −22.1%Buybacks0.0Dividends paid−9.7Fiscal year 2024Operating cash flow14.3Capital expenditure−0.3Free cash flow14.0 −2.2%Buybacks−0.7Dividends paid−9.1Fiscal year 2025Operating cash flow21.3Capital expenditure−0.6Free cash flow20.7 +47.8%Buybacks−1.7Dividends paid−7.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 21.4 18.8 20.7 20.2 29.7 30.5 21.2 19.2 14.3 21.3
Capital expenditure −0.3 −0.5 −0.6 −0.8 −1.2 −1.9 −2.9 −4.9 −0.3 −0.6
Free cash flow 21.1 18.3 20.1 19.4 28.5 28.6 18.4 14.3 14.0 20.7
Growth −13.3% +9.6% −3.4% +46.7% +0.5% −35.7% −22.1% −2.2% +47.8%
Buybacks n/a n/a −0.5 −1.8 −2.0 −0.7 −2.3 0.0 −0.7 −1.7
Dividends paid −7.7 −8.1 −10.8 −8.8 −9.1 −9.4 −9.7 −9.7 −9.1 −7.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash29.5Total debt13.0Net cash (debt)16.5Shareholders’ equity165.1Debt to equity0.08Fiscal year 2017Cash26.4Total debt13.0Net cash (debt)13.4Shareholders’ equity170.8Debt to equity0.08Fiscal year 2018Cash30.4Shareholders’ equity172.9Fiscal year 2019Cash34.6Shareholders’ equity187.6Fiscal year 2020Cash173.1Shareholders’ equity209.5Fiscal year 2021Cash89.1Shareholders’ equity207.8Fiscal year 2022Cash27.9Shareholders’ equity149.1Fiscal year 2023Cash55.1Total debt3.5Net cash (debt)51.6Shareholders’ equity165.8Debt to equity0.02Fiscal year 2024Cash101.2Total debt20.0Net cash (debt)81.3Shareholders’ equity174.7Debt to equity0.11Fiscal year 2025Cash126.8Total debt18.4Net cash (debt)108.4Shareholders’ equity207.9Debt to equity0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.5 26.4 30.4 34.6 173.1 89.1 27.9 55.1 101.2 126.8
Total debt 13.0 13.0 n/a n/a n/a n/a n/a 3.5 20.0 18.4
Net cash (debt) 16.5 13.4 n/a n/a n/a n/a n/a 51.6 81.3 108.4
Shareholders’ equity 165.1 170.8 172.9 187.6 209.5 207.8 149.1 165.8 174.7 207.9
Debt to equity 0.08 0.08 n/a n/a n/a n/a n/a 0.02 0.11 0.09

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
30.2% 35.6% 20.6% 18.3% 18.9% 22.0% 23.3% 16.1% 16.5% 20.3%
Returns
9.5% 8.0% 9.8% 9.2% 9.0% 11.5% 12.9% 6.5% 5.8% 9.2%
1.2% 1.0% 1.2% 1.0% 1.0% 1.1% 0.9% 0.5% 0.5% 0.9%
Balance and payout
0.08 0.08 n/a n/a n/a n/a n/a 0.02 0.11 0.09
87.9% 87.6% 88.1% 89.2% 89.4% 90.3% 93.0% 92.3% 91.8% 90.3%
49.1% 59.1% 63.5% 51.1% 48.1% 39.3% 50.1% 89.8% 88.9% 37.4%
36.5% 44.2% 56.0% 54.6% 38.9% 35.3% 65.2% 67.9% 69.9% 42.5%