AMES NATIONAL CORPATLOEarnings & Financial Report
Ames National Corp is a U.S. financial holding company based in Iowa. It operates multiple community banking subsidiaries, offering retail and commercial financial services including deposit accounts, personal and business loans, mortgages, and wealth management, primarily serving consumers and SMEs across central Iowa.
Revenue
$13.5M
Gross Profit
N/A
Operating Profit
$2.6M
Net Profit
$2.2M
Gross Margin
N/A
Operating Margin
19.0%
Net Margin
16.2%
YoY Growth
-0.9%
EPS
$0.24
AMES NATIONAL CORP Q2 FY2024 Financial Summary
AMES NATIONAL CORP reported revenue of $13.5M (down 0.9% YoY) for Q2 FY2024, with a net profit of $2.2M (down 14.6% YoY) (16.2% margin).
Key Financial Metrics
| Total Revenue | $13.5M |
|---|---|
| Net Profit | $2.2M |
| Gross Margin | N/A |
| Operating Margin | 19.0% |
| Report Period | Q2 FY2024 |
AMES NATIONAL CORP Annual Revenue by Year
AMES NATIONAL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $66.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $66.8M |
| 2024 | $54.8M |
| 2023 | $44.6M |
| 2022 | $53.2M |
AMES NATIONAL CORP Quarterly Revenue & Net Profit History
AMES NATIONAL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $18.7M | +26.7% | $6.5M | 34.9% |
| Q3 FY2025 | $16.6M | +22.9% | $4.6M | 27.5% |
| Q2 FY2025 | $16.1M | +19.4% | $4.5M | 28.0% |
| Q1 FY2025 | $15.5M | +18.2% | $3.4M | 22.3% |
| Q4 FY2024 | $14.7M | +11.3% | $3.5M | 23.8% |
| Q3 FY2024 | $13.5M | +3.4% | $2.2M | 16.4% |
| Q2 FY2024 | $13.5M | -0.9% | $2.2M | 16.2% |
| Q1 FY2024 | $13.1M | -6.0% | $2.3M | 17.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.1M | $13.5M | $13.5M | $14.7M | $15.5M | $16.1M | $16.6M | $18.7M |
| YoY Growth | -6.0% | -0.9% | 3.4% | 11.3% | 18.2% | 19.4% | 22.9% | 26.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.19B | $2.13B | $2.12B | $2.13B | $2.18B | $2.09B | $2.11B | $2.13B |
| Liabilities | $2.03B | $1.96B | $1.94B | $1.96B | $2.00B | $1.90B | $1.91B | $1.93B |
| Equity | $165.5M | $167.1M | $183.4M | $174.7M | $183.1M | $193.0M | $200.6M | $207.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.4M | $3.9M | $3.1M | $14.3M | $7.1M | $4.0M | $2.8M | $21.3M |