Ames National Corporation (ATLO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	101.5M	98.3M	92.4M	83.5M	71.2M
Cost of Revenue	29.4M	33.1M	38.2M	30.5M	7.4M
Gross Profit	72.1M	65.1M	54.2M	53.1M	63.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	15.7M	21.2M	26.3M	24.8M	23.5M
General & Admin Expense	15.3M	20.8M	26.3M	24.8M	23.5M
Selling & Marketing Expense	490.0K	490.0K	—	—	—
Other Expenses	27.6M	20.7M	15.7M	15.4M	15.1M
Total Operating Expenses	43.3M	41.9M	42.0M	40.2M	38.6M
Cost and Expenses	72.7M	75.1M	80.2M	70.6M	46.1M
Operating Income (EBIT)	28.7M	23.2M	12.2M	12.9M	25.2M
Non-Operating
Interest Income	90.0M	87.1M	82.6M	74.3M	61.6M
Interest Expense	28.9M	31.4M	37.6M	29.7M	8.3M
Net Interest Income	61.1M	55.7M	45.0M	44.6M	53.2M
Other Non-Op Income/Expense	660.0K	660.0K	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	29.4M	23.9M	12.2M	12.9M	25.2M
Income Tax Expense	6.4M	4.8M	2.0M	2.1M	5.9M
Bottom Line
Net Income	23.0M	19.0M	10.2M	10.8M	19.3M
Earnings from Cont. Ops	23.0M	19.0M	10.2M	10.8M	19.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	23.0M	19.0M	10.2M	10.8M	19.3M
Per Share
Basic EPS	$2.58	$2.14	$1.14	$1.20	$2.14
Diluted EPS	$2.58	$2.14	$1.14	$1.20	$2.14
Revenue Per Share	$11.45	$11.01	$10.28	$9.29	$7.89
Shares
Basic Shares Outstanding	8.9M	8.9M	9.0M	9.0M	9.0M
Diluted Shares Outstanding	8.9M	8.9M	9.0M	9.0M	9.0M
Profitability Metrics
EBITDA	29.8M	24.7M	13.9M	14.6M	27.2M
D&A	1.1M	1.5M	1.7M	1.8M	2.0M
EBIT	28.7M	23.2M	12.2M	12.9M	25.2M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026