Ames National Corporation (ATLO) is a Financials stock trading at $31.71 (as of 2026-08-21), with a market capitalization of $280.91M and a trailing P/E of 12.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.
Ames National Corporation operates a multi-bank holding company that takes deposits (checking, savings, money market accounts, and certificates of deposit) and makes loans (commercial, agricultural, residential real estate, equipment, vehicle, and home improvement) to earn income largely from its lending and deposit business.
The profit model is driven by lending against the deposit base, with performance and sustainability tied to credit quality, reflected in measures like the allowance for credit losses and the levels of substandard and impaired loans.
Business quality (Solid): Credit-risk monitoring is central to the model, because the company’s operating health depends on how its loans perform relative to its credit-loss allowance.
Valuation: At 12× earnings, ATLO trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.
| Price | $31.71 |
| Market Cap | $280.91M |
| P/E Ratio | 12.2 |
| EV / EBITDA | 5.7 |
| Price / Book | 1.32 |
| Price / Sales | 3.12 |
| FCF Yield | 7.5% |
| DCF Value (model) | $39.91 |
| DCF Upside vs Price | 25.8% |
| Revenue (TTM) | $87.09M |
| Net Margin | 21.8% |
| Revenue Growth (YoY) | 8.3% |
| EPS Growth (YoY) | 31.4% |
| FCF Growth (YoY) | -18.9% |
| Stock P/E | 12.2 |
| Sector P/E (Financials) | 15.1 |
| Industry P/E (Banking) | 13.0 |
| vs Sector | -19.0% |
| vs Industry | -5.7% |
| Top Institutional Holder | Fourthstone LLC ($19.28M) |
| Institutional Holders Tracked | 10 |
| Sector | Financials |
| Industry | Banking |
| CEO | John Nelson |
| Employees | 258 |
| Country | US |
| IPO Date | 2000-02-15 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.