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Ames National Corp. (ATLO) Stock Fundamental Analysis & AI Rating 2026

ATLO Nasdaq National Commercial Banks X1 CIK: 0001132651
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 16, 2026 (today) • TBD ET • All earnings →
Combined AI Rating
BUY
75% Confidence
STRONG AGREEMENT
BUY
72% Conf
BUY
78% Conf

📊 ATLO Key Takeaways

Revenue: $87.1M
Net Margin: 21.8%
Free Cash Flow: $20.7M
Current Ratio: N/A
Debt/Equity: 0.09x
EPS: $0.38
AI Rating: BUY with 72% confidence
Ames National Corp. (ATLO) receives a BUY rating with 75% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $87.1M, net profit margin of 21.8%, and return on equity (ROE) of 9.2%, Ames National Corp. demonstrates strong fundamentals in the Finance sector. Below is our complete ATLO stock analysis for 2026.

Is Ames National Corp. (ATLO) a Good Investment?

Claude

Ames National Corp demonstrates strong fundamental momentum with revenue surging 56.5% YoY and net income jumping 86.2%, indicating robust operational leverage and earnings quality. The company maintains a healthy balance sheet with conservative debt-to-equity of 0.09x and generates substantial free cash flow (23.8% FCF margin), supporting both financial stability and capital deployment capacity. However, moderate interest coverage of 2.6x and modest ROA of 0.9% warrant monitoring as the company scales.

ChatGPT

AMES NATIONAL CORP shows a meaningful improvement in core profitability, with revenue up 56.5%, net income up 86.2%, and strong free cash flow generation relative to revenue. The balance sheet appears conservatively levered, which supports financial resilience, but middling returns on assets/equity and modest interest coverage suggest the bank still needs to prove that recent earnings strength is durable and high quality.

Why Buy Ames National Corp. Stock? ATLO Key Strengths

Claude
  • + Exceptional revenue growth of 56.5% YoY with net income growing even faster at 86.2%, demonstrating strong operating leverage
  • + Robust free cash flow generation of $20.7M with 23.8% FCF margin indicates high-quality earnings
  • + Conservative leverage profile with 0.09x debt-to-equity ratio and $126.8M cash position providing financial flexibility
  • + Strong net margin of 21.8% and operating margin of 27.4% reflecting efficient core operations
ChatGPT
  • + Strong year-over-year revenue and net income growth indicate improving earnings power
  • + Low debt-to-equity and modest long-term debt support balance sheet stability
  • + Healthy free cash flow and a 23.8% FCF margin suggest solid cash conversion

ATLO Stock Risks: Ames National Corp. Investment Risks

Claude
  • ! Interest coverage ratio of 2.6x is tight and leaves limited cushion for adverse economic conditions or rising interest rates in the banking sector
  • ! ROA of 0.9% and ROE of 9.2% are modest, suggesting below-peer returns on deployed capital
  • ! Rapid growth trajectory (56.5% revenue growth) may not be sustainable; reversion to historical growth rates could disappoint
  • ! Limited visibility into growth drivers and sustainability of elevated margins in competitive banking environment
ChatGPT
  • ! Interest coverage of 2.6x is not especially strong and leaves less cushion if funding costs rise
  • ! ROA of 0.9% and ROE of 9.2% are decent but not standout for a bank, limiting the margin for error
  • ! Bank fundamentals can be sensitive to credit quality deterioration or deposit/funding pressure even when headline earnings improve

Key Metrics to Watch

Claude
  • * Net interest margin trend and deposit growth sustainability
  • * Non-performing loan ratio and credit quality deterioration
  • * Year-over-year revenue and net income growth trajectory in upcoming quarters
  • * Return on assets and return on equity improvement path
  • * Interest coverage ratio stability amid changing rate environment
ChatGPT
  • * Net interest margin and loan loss provisions
  • * Deposit trends and nonperforming assets

Ames National Corp. (ATLO) Financial Metrics & Key Ratios

Revenue
$87.1M
Net Income
$19.0M
EPS (Diluted)
$0.38
Free Cash Flow
$20.7M
Total Assets
$2.1B
Cash Position
$126.8M

💡 AI Analyst Insight

The 23.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

ATLO Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 27.4%
Net Margin 21.8%
ROE 9.2%
ROA 0.9%
FCF Margin 23.8%

ATLO vs Finance Sector: How Ames National Corp. Compares

How Ames National Corp. compares to Finance sector averages

Net Margin
ATLO 21.8%
vs
Sector Avg 25.0%
ATLO Sector
ROE
ATLO 9.2%
vs
Sector Avg 12.0%
ATLO Sector
Current Ratio
ATLO 0.0x
vs
Sector Avg 1.2x
ATLO Sector
Debt/Equity
ATLO 0.1x
vs
Sector Avg 2.0x
ATLO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Ames National Corp. Stock Overvalued? ATLO Valuation Analysis 2026

Based on fundamental analysis, Ames National Corp. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
9.2%
Sector avg: 12%
Net Profit Margin
21.8%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.09x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Ames National Corp. Balance Sheet: ATLO Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.09x
Debt/Assets
90.3%
Interest Coverage
2.59x
Long-term Debt
$18.4M

ATLO Revenue & Earnings Growth: 5-Year Financial Trend

ATLO 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Ames National Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $1.14 reflects profitable operations.

ATLO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.8%
Free cash flow / Revenue

Ames National Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$21.3M
Cash generated from operations
Stock Buybacks
$1.7M
Shares repurchased (TTM)
Capital Expenditures
$642.0K
Investment in assets
Dividends Paid
$7.1M
Returned to shareholders

ATLO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Ames National Corp. (CIK: 0001132651)

📋 Recent SEC Filings

Date Form Document Action
Mar 13, 2026 DEF 14A atlo20260310_def14a.htm View →
Mar 12, 2026 10-K atlo20251231_10k.htm View →
Feb 27, 2026 4 xslF345X05/primary_doc.xml View →
Feb 13, 2026 8-K atlo20260212_8k.htm View →
Feb 2, 2026 4 xslF345X05/primary_doc.xml View →

Frequently Asked Questions about ATLO

What is the AI rating for ATLO?

Ames National Corp. (ATLO) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ATLO's key strengths?

Claude: Exceptional revenue growth of 56.5% YoY with net income growing even faster at 86.2%, demonstrating strong operating leverage. Robust free cash flow generation of $20.7M with 23.8% FCF margin indicates high-quality earnings. ChatGPT: Strong year-over-year revenue and net income growth indicate improving earnings power. Low debt-to-equity and modest long-term debt support balance sheet stability.

What are the risks of investing in ATLO?

Claude: Interest coverage ratio of 2.6x is tight and leaves limited cushion for adverse economic conditions or rising interest rates in the banking sector. ROA of 0.9% and ROE of 9.2% are modest, suggesting below-peer returns on deployed capital. ChatGPT: Interest coverage of 2.6x is not especially strong and leaves less cushion if funding costs rise. ROA of 0.9% and ROE of 9.2% are decent but not standout for a bank, limiting the margin for error.

What is ATLO's revenue and growth?

Ames National Corp. reported revenue of $87.1M.

Does ATLO pay dividends?

Ames National Corp. pays dividends, with $7.1M distributed to shareholders in the trailing twelve months.

Where can I find ATLO SEC filings?

Official SEC filings for Ames National Corp. (CIK: 0001132651) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ATLO's EPS?

Ames National Corp. has a diluted EPS of $0.38.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ATLO a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Ames National Corp. has a BUY rating with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is ATLO stock overvalued or undervalued?

Valuation metrics for ATLO: ROE of 9.2% (sector avg: 12%), net margin of 21.8% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy ATLO stock in 2026?

Our dual AI analysis gives Ames National Corp. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ATLO's free cash flow?

Ames National Corp.'s operating cash flow is $21.3M, with capital expenditures of $642.0K. FCF margin is 23.8%.

How does ATLO compare to other Finance stocks?

Vs Finance sector averages: Net margin 21.8% (avg: 25%), ROE 9.2% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI