profit from every $100 of sales.
$0$100
Ames National
$34.23+0.99% today
+62.3% in 1 year
1-year low $20.901-year high $34.90
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $15.93 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Ames National sold, what it kept, and what it did with the cash.
Sales went from $62.9 million in 2022 to $66.8 million in 2025, with $19.0 million of profit last year.
SalesProfit
Ames National handed back 43% of the cash it generated last year.
$7M
Free cash flow 2025$21M
Bought back its own shares$2M
Paid as dividends$7M
Cash vs. debt$132M vs. $21M
Ames National vs. similar companies
Ames National grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Ames National | 15.9× · Fair price | ||
 China Merchants Bank | 7.8× · Cheap | ||
 DBS Group Holdings | 18.1× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.5× · Fair price |
AI analysis
An AI analyst reads Ames National's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 63 | 54 | 55 | 67 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 19 | 11 | 10 | 19 | |
| 2.14 | 1.20 | 1.14 | 2.14 | |
| – | – | – | – | |
| – | – | – | – | |
| 30.7% | 20.1% | 18.6% | 28.5% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,135 | 2,155 | 2,133 | 2,134 |
| Cash | 43 | 64 | 107 | 132 |
| Total debt | 39 | 111 | 47 | 21 |
| Total liabilities | 1,986 | 1,990 | 1,958 | 1,926 |
| 149 | 166 | 175 | 208 | |
| 9 | 9 | 9 | 9 | |
| – | – | – | – | |
| 12.9% | 6.5% | 5.8% | 9.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 21 | 19 | 14 | 21 | |
| 3 | 5 | 0 | 1 | |
| 18 | 14 | 14 | 21 | |
| Dividends paid | 10 | 10 | 9 | 7 |
| 2 | 0 | 1 | 2 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 15.9×
- 12.7×
- –
- 1.2×
- 4.5×
- 6.3%
- 3.0%
Profitability
- 28.5%
- 1.0%
- 6.4%
- 10.7%
- 1.0%
Growth
- +2.0%
- +0.0%
- −4.2%
- −0.5%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 28%of 843
Top 37%of 730
Bottom 40%of 866
Bottom 26%of 862
Top 45%of 921
What analysts expect
- Average price target
- $31.00
- Range
- $31.00 – $31.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 24, 2026 | 0.67 | 0.62 | +8.1% |
| Jan 23, 2026 | 0.73 | – | – |
| Oct 17, 2025 | 0.51 | – | – |
| Aug 8, 2025 | 0.51 | – | – |
| Apr 17, 2025 | 0.39 | – | – |
| Mar 12, 2025 | 0.39 | – | – |
| Nov 8, 2024 | 0.25 | – | – |
| Aug 9, 2024 | 0.24 | – | – |
3.0%of the share price, paid each year
On $1,000 invested$30a year at today's yield, before tax
−4.2%2020 to 2025
Raised–not every year
Paid per share, each year
$0.78 in 2015 → $0.80 in 2025
How safe it looks
37.4% of its profit
Room to growStretchedMore than it earns: 34.4%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
80Pass
Philip Fisher
60Pass
Peter Lynch
31No pass
Joel Greenblatt
14No pass
Charlie Munger
58No pass
Terry Smith
54No pass
Questions about Ames National
Is Ames National a good stock to buy?
A strong, very profitable business at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ames National AI analysis
What does Ames National do?
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. It is in Banks - Regional.
Does Ames National pay a dividend?
Yes. At today's price the dividend is 3.0% a year, about 37% of its yearly profit. In 2025 it paid out $7.11 million in dividends.
Is Ames National stock halal?
No. Ames National does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Ames National stock done over the past year?
Up 62.3% over the past twelve months, to $34.23. It traded between $20.90 and $34.90, close to its high.
Who are Ames National's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Ames National's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.