Ames National Corp
Research Ames National Corp (ATLO) on Bullrun: valuation model: 9.2% overvalued, market cap USD 281.75M, P/E 12.3, dividend yield 2.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerATLO
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal9.2% overvalued
- Market capUSD 281.75M
- P/E12.3
- Dividend yield2.2%
- Financial periodQ2 2026
- RevenueUSD 19.08M
- Net incomeUSD 5.93M
- Free cash flowUSD 3.16M
Valuation Snapshot
Bullrun's latest valuation model marks Ames National Corp as 9.2% overvalued; latest market cap is USD 281.75M; P/E is 12.3; dividend yield is 2.2%.
Peer valuation comparison
Latest P/E is 12.28x versus a Financial Services sector median of 13.84x (11.2% below).
Latest dividend yield is 2.16% versus a Financial Services sector median of 3.86% (44.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 66.83M | USD 19.03M | USD 20.70M | n/a | 2.14 | USD 126.75M | USD 18.35M | USD 207.89M |
| FY2024 | USD 54.81M | USD 10.22M | USD 14.00M | n/a | 1.14 | USD 101.23M | USD 19.95M | USD 174.71M |
| FY2023 | USD 53.84M | USD 10.82M | USD 14.31M | n/a | 1.21 | USD 55.10M | USD 3.49M | USD 165.79M |
| FY2022 | n/a | USD 19.29M | USD 18.37M | n/a | n/a | USD 27.88M | USD 4.00M | USD 149.10M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 281.75M | 12.3 | 2.8% | 0.88 |
| 2025 | 2025-12-31 | USD 203.36M | 10.7 | 3.5% | 0.8 |
| 2024 | 2024-12-31 | USD 147.03M | 14.4 | 6.1% | 1.01 |
| 2023 | 2023-12-29 | USD 191.89M | 14.6 | 5.1% | 1.08 |
| 2022 | 2022-12-30 | USD 212.31M | 10.6 | 4.5% | 1.07 |
| 2021 | 2021-12-31 | USD 222.67M | 9.3 | 4.2% | 1.03 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.88 USD, yield 2.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.6 USD |
| FY2024 | 0.94 USD |
| FY2023 | 1.08 USD |
| FY2022 | 1.08 USD |
About Ames National Corp
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. It accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.
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Frequently asked questions
Is Ames National Corp overvalued or undervalued?
Bullrun's valuation model currently marks Ames National Corp as 9.2% overvalued.
What is Ames National Corp's market cap?
Ames National Corp's market capitalization is USD 281.75M.
What is Ames National Corp's P/E ratio?
Ames National Corp's price-to-earnings (P/E) ratio is 12.3.
Does Ames National Corp pay a dividend?
Ames National Corp has a dividend yield of 2.2%.
What does Ames National Corp do?
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. It accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.