Filing Flows › Financials › Ames National (ATLO)
Ames National (ATLO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Ames National (ATLO) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $20.4M · 35¢ of every $1 of revenue kept as net profit · operating margin 44.7%
Ames National made $20.4M in Q3 2026 (+23% Y/Y): Net interest income $17.0M, Noninterest income $3.5M. Operating margin 44.7%, net earnings $7.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $20.4M in Q3 2026, up 23% year over year and up 7% from the previous quarter. Net interest income was the largest line at 83% of revenue. Net interest income added $2.9M year over year (up 21%), 76% of the total change.
Operating profit was $9.1M, a 44.7% margin (up 10.2 points year over year). Of the extra revenue versus a year earlier, 89% reached operating profit, above the 34% margin then. Total costs grew 4% against revenue growth of 23%. Net earnings were $7.0M, up 55% year over year. The effective tax rate was 22.8%.
Operating cash flow was $5.1M (up 87% year over year), 73% of net earnings. Non-cash charges added back $457K of depreciation and amortization. Working capital and other items used $2.4M. Capital expenditures of $1.2M left free cash flow of $4.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $20.4M | +23% | 44.7% | $7.0M | $5.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Ames National
Ames National Corporation (the "Company") is an Iowa corporation and bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company owns 100% of the stock of six bank subsidiaries consisting of one national bank and five state-chartered banks, as described below. All of the Company’s operations are conducted in the State of Iowa and primarily within the central, north-central and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor and Union where the Company’s banking subsidiaries are located. The Company does not engage in any material business activities apart from its ownership of its banking subsidiaries and the management of its own loan portfolios. The principal executive offices of the Company are located at 323 Sixth Street, Ames, Iowa 50010.
In its own words, from its 10-K, filed Mar 12, 2026.
Ames National against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +8%. Operating margin: 44.7% against the peers' median 32.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATLO Ames National | Q3 2026 | $20.4M | +23% | 44.7% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
Source: Ames National 10-Q on SEC EDGAR · CIK 1132651 · National Commercial Banks
Guidance and outlook
13F: who owns ATLO and who is buying
More on ATLO
History
Every quarter: Q3 2026 results