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Ames National vs National Bankshares: ATLO and NKSH compared
Ames National is the larger company: $20.4M of revenue in its latest quarter (Q3 2026) against $15.7M for National Bankshares (Q2 2026). Ames National is growing faster (+23% against +18% a year earlier). Ames National is more profitable, with an operating margin of 44.7% against 38.7%.
Where the money goes: ATLO and NKSH
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.
National Bankshares (NKSH) · Q2 2026
National Bankshares, Q2 2026: revenue $15.7M (+18% year over year), operating margin 38.7%, net earnings $5.0M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Ames National (ATLO) | National Bankshares (NKSH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $20.4M | $15.7M |
| Revenue growth, Y/Y | +23% | +18% |
| Operating margin | 44.7% | 38.7% |
| Net earnings | $7.0M | $5.0M |
| Net margin | 34.5% | 32.0% |
| Operating cash flow | $5.1M | $3.5M |
| Free cash flow | $4.0M | $3.3M |
Where the revenue comes from
Ames National
- Net interest income: $17.0M (83%)
- Noninterest income: $3.5M (17%)
Questions
Which is bigger, Ames National or National Bankshares?
Ames National is the larger company: $20.4M of revenue in its latest quarter (Q3 2026) against $15.7M for National Bankshares (Q2 2026).
Is Ames National or National Bankshares growing faster?
Ames National is growing faster (+23% against +18% a year earlier).
Which is more profitable, Ames National or National Bankshares?
Ames National is more profitable, with an operating margin of 44.7% against 38.7%.
More: Ames National earnings · how Ames National makes money · National Bankshares earnings · how National Bankshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.