AMES NATIONAL CORP (ATLO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	104.2M	98.3M	92.4M	83.5M	71.2M
Cost of Revenue	27.7M	33.1M	38.2M	30.5M	7.4M
Gross Profit	76.5M	65.1M	54.2M	53.1M	63.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	10.1M	21.2M	26.3M	24.8M	23.5M
General & Admin Expense	9.7M	20.8M	26.3M	24.8M	23.5M
Selling & Marketing Expense	490.0K	490.0K	—	—	—
Other Expenses	34.2M	20.7M	15.7M	15.4M	15.1M
Total Operating Expenses	44.3M	41.9M	42.0M	40.2M	38.6M
Cost and Expenses	72.0M	75.1M	80.2M	70.6M	46.1M
Operating Income (EBIT)	32.1M	23.2M	12.2M	12.9M	25.2M
Non-Operating
Interest Income	91.8M	87.1M	82.6M	74.3M	61.6M
Interest Expense	27.8M	31.4M	37.6M	29.7M	8.3M
Net Interest Income	64.0M	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)	32.8M	23.9M	12.2M	12.9M	25.2M
Income Tax Expense	7.4M	4.8M	2.0M	2.1M	5.9M
Bottom Line
Net Income	25.5M	19.0M	10.2M	10.8M	19.3M
Earnings from Cont. Ops	25.5M	19.0M	10.2M	10.8M	19.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	25.5M	19.0M	10.2M	10.8M	19.3M
Per Share
Basic EPS	$2.87	$2.14	$1.14	$1.20	$2.14
Diluted EPS	$2.87	$2.14	$1.14	$1.20	$2.14
Revenue Per Share	$11.76	$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	32.9M	24.8M	13.9M	14.6M	27.2M
D&A	773.0K	1.6M	1.7M	1.8M	2.0M
EBIT	32.1M	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 Sep 1, 2026