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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	67.75	65.79	56.81	45.96	47.83	50.47
Interest Income on Investments	17.96	16.82	17.49	15.6	12.65	12.47
Total Interest Income	85.71	82.61	74.3	61.55	60.48	62.94
Interest Paid on Deposits	29.95	32.01	24.47	7.32	4.34	7.82
Interest Paid on Borrowings	3.2	5.62	5.21	0.99	0.14	0.28
Total Interest Expense	33.15	37.63	29.68	8.31	4.49	8.1
Net Interest Income	52.55	44.98	44.63	53.24	56	54.84
Net Interest Income Growth (YoY)	19.93%	0.79%	-16.19%	-4.92%	2.10%	21.20%
Trust Income	5.73	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	4.06	4.17	4.17	4.11	4.39	4.23
Total Non-Interest Income	9.58	9.07	8.45	8.93	9.9	9.98
Non-Interest Income Growth (YoY)	9.81%	7.38%	-5.42%	-9.76%	-0.83%	24.02%
Revenues Before Loan Losses	62.14	54.05	53.07	62.18	65.9	64.82
Provision for Loan Losses	1.57	0.59	0.79	-0.87	-0.76	5.68
Revenue	60.57	53.46	52.28	63.05	66.65	59.14
Revenue Growth (YoY)	18.60%	2.24%	-17.08%	-5.40%	12.70%	13.78%
Salaries and Employee Benefits	25.41	25.15	23.66	22.91	22.28	22.87
Occupancy Expenses	3.02	3.01	2.97	2.95	2.66	2.67
Federal Deposit Insurance	1.07	1.16	1.1	0.61	0.58	0.31
Amortization of Goodwill & Intangibles	0.31	0.34	0.5	0.57	0.63	0.83
Selling, General & Administrative	9.24	10.13	9.43	9.47	8.68	7.8
Other Non-Interest Expense	1.59	1.43	1.74	1.39	1.15	1.44
Total Non-Interest Expense	40.64	41.21	39.4	37.89	35.98	35.91
EBT Excluding Unusual Items	19.93	12.24	12.89	25.16	30.67	23.23
Pretax Income	19.93	12.24	12.89	25.16	30.67	23.23
Income Tax Expense	3.9	2.02	2.07	5.87	6.76	4.38
Net Income	16.03	10.22	10.82	19.29	23.91	18.85
Net Income to Common	16.03	10.22	10.82	19.29	23.91	18.85
Net Income Growth	81.21%	-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)	-0.75%	-0.01%	-0.46%	-0.89%	-0.37%	-0.96%
EPS (Basic)	1.80	1.14	1.20	2.14	2.62	2.06
EPS (Diluted)	1.80	1.14	1.20	2.14	2.62	2.06
EPS Growth	82.57%	-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	-40.59%	-12.96%	-	3.85%	4.00%	4.17%
Effective Tax Rate	19.57%	16.53%	16.08%	23.32%	22.04%	18.86%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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