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First United vs Ames National: FUNC and ATLO compared
First United is the larger company: $25.2M of revenue in its latest quarter (Q3 2026) against $20.4M for Ames National (Q3 2026). Ames National is growing faster (+23% against +11% a year earlier). Ames National is more profitable, with an operating margin of 44.7% against 37.6%.
Where the money goes: FUNC and ATLO
First United (FUNC) · Q3 2026
First United, Q3 2026: revenue $25.2M (+11% year over year), operating margin 37.6%, net earnings $7.2M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
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.
| First United (FUNC) | Ames National (ATLO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $25.2M | $20.4M |
| Revenue growth, Y/Y | +11% | +23% |
| Operating margin | 37.6% | 44.7% |
| Net earnings | $7.2M | $7.0M |
| Net margin | 28.5% | 34.5% |
| Operating cash flow | $4.8M | $5.1M |
| Free cash flow | $4.6M | $4.0M |
Where the revenue comes from
First United
- Net interest income: $19.6M (78%)
- Noninterest income: $5.6M (22%)
Ames National
- Net interest income: $17.0M (83%)
- Noninterest income: $3.5M (17%)
Questions
Which is bigger, First United or Ames National?
First United is the larger company: $25.2M of revenue in its latest quarter (Q3 2026) against $20.4M for Ames National (Q3 2026).
Is First United or Ames National growing faster?
Ames National is growing faster (+23% against +11% a year earlier).
Which is more profitable, First United or Ames National?
Ames National is more profitable, with an operating margin of 44.7% against 37.6%.
More: First United earnings · how First United makes money · Ames National earnings · how Ames National makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.