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Ames National vs Ameriserv Financial: ATLO and ASRV compared
Ames National is the larger company: $20.4M of revenue in its latest quarter (Q3 2026) against $15.9M for Ameriserv Financial (Q2 2026). Ames National is growing faster (+23% against +10% a year earlier). Ames National is more profitable, with an operating margin of 44.7% against 21.4%.
Where the money goes: ATLO and ASRV
Ames National (ATLO) · Q3 2026
Ames National, Q3 2026: revenue $20.4M (+23% year over year), operating margin 44.7%, net earnings $7.0M, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.
Ameriserv Financial (ASRV) · Q2 2026
Ameriserv Financial, Q2 2026: revenue $15.9M (+10% year over year), operating margin 21.4%, net earnings $2.7M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Ames National (ATLO) | Ameriserv Financial (ASRV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $20.4M | $15.9M |
| Revenue growth, Y/Y | +23% | +10% |
| Operating margin | 44.7% | 21.4% |
| Net earnings | $7.0M | $2.7M |
| Net margin | 34.5% | 17.2% |
| Operating cash flow | $5.1M | −$1.1M |
| Free cash flow | $4.0M | — |
Where the revenue comes from
Ames National
- Net interest income: $17.0M (83%)
- Noninterest income: $3.5M (17%)
Ameriserv Financial
- Other revenues: $12.0M (76%)
- Wealth management fees: $3.1M (19%)
- Other: $502K (3%)
- Service charges on deposit accounts: $275K (2%)
Questions
Which is bigger, Ames National or Ameriserv Financial?
Ames National is the larger company: $20.4M of revenue in its latest quarter (Q3 2026) against $15.9M for Ameriserv Financial (Q2 2026).
Is Ames National or Ameriserv Financial growing faster?
Ames National is growing faster (+23% against +10% a year earlier).
Which is more profitable, Ames National or Ameriserv Financial?
Ames National is more profitable, with an operating margin of 44.7% against 21.4%.
More: Ames National earnings · how Ames National makes money · Ameriserv Financial earnings · how Ameriserv Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.