Ames National Corporation (ATLO)

Ames National Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	67.09	65.79	56.81	45.96	47.83	50.47
Interest Income on Investments	17.47	16.82	17.49	15.6	12.65	12.47
Total Interest Income	84.56	82.61	74.3	61.55	60.48	62.94
Interest Paid on Deposits	31.06	32.01	24.47	7.32	4.34	7.82
Interest Paid on Borrowings	3.93	5.62	5.21	0.99	0.14	0.28
Total Interest Expense	34.99	37.63	29.68	8.31	4.49	8.1
Net Interest Income	49.58	44.98	44.63	53.24	56	54.84
Net Interest Income Growth (YoY)	14.15%	0.79%	-16.19%	-4.92%	2.10%	21.20%
Trust Income	5.6	5.31	4.65	4.94	4.45	3.85
Gain (Loss) on Sale of Investments	-0.77	-0.93	-0.73	-0.72	-0.62	-0.21
Other Non-Interest Income	4.13	4.17	4.17	4.11	4.39	4.23
Total Non-Interest Income	9.46	9.07	8.45	8.93	9.9	9.98
Non-Interest Income Growth (YoY)	9.08%	7.38%	-5.42%	-9.76%	-0.83%	24.02%
Revenues Before Loan Losses	59.04	54.05	53.07	62.18	65.9	64.82
Provision for Loan Losses	1.31	0.59	0.79	-0.87	-0.76	5.68
Revenue	57.73	53.46	52.28	63.05	66.65	59.14
Revenue Growth (YoY)	12.59%	2.24%	-17.08%	-5.40%	12.70%	13.78%
Salaries and Employee Benefits	25.32	25.15	23.66	22.91	22.28	22.87
Occupancy Expenses	3.01	3.01	2.97	2.95	2.66	2.67
Federal Deposit Insurance	1.1	1.16	1.1	0.61	0.58	0.31
Amortization of Goodwill & Intangibles	0.32	0.34	0.5	0.57	0.63	0.83
Selling, General & Administrative	9.66	10.13	9.43	9.47	8.68	7.8
Other Non-Interest Expense	1.49	1.43	1.74	1.39	1.15	1.44
Total Non-Interest Expense	40.91	41.21	39.4	37.89	35.98	35.91
EBT Excluding Unusual Items	16.83	12.24	12.89	25.16	30.67	23.23
Pretax Income	16.83	12.24	12.89	25.16	30.67	23.23
Income Tax Expense	3.14	2.02	2.07	5.87	6.76	4.38
Net Income	13.68	10.22	10.82	19.29	23.91	18.85
Net Income to Common	13.68	10.22	10.82	19.29	23.91	18.85
Net Income Growth	43.27%	-5.54%	-43.93%	-19.32%	26.86%	9.63%
Basic Shares Outstanding	9	9	9	9	9	9
Diluted Shares Outstanding	9	9	9	9	9	9
Shares Change (YoY)	-0.23%	-0.01%	-0.46%	-0.89%	-0.37%	-0.96%
EPS (Basic)	1.53	1.14	1.20	2.14	2.62	2.06
EPS (Diluted)	1.53	1.14	1.20	2.14	2.62	2.06
EPS Growth	43.60%	-5.53%	-43.68%	-18.60%	27.33%	10.69%
Dividend Per Share	0.600	0.940	1.080	1.080	1.040	1.000
Dividend Growth	-44.44%	-12.96%	-	3.85%	4.00%	4.17%
Effective Tax Rate	18.67%	16.53%	16.08%	23.32%	22.04%	18.86%

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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