Ames National Corporation (ATLO)

In the past six months, Ames National Corp.'s stock price has risen by 20.61%. In August 2024, the company reduced its quarterly dividend by 25% due to shrinking profits. The company declared a cash dividend on November 13, 2024, and approved a share repurchase program for up to 100,000 shares through November 11, 2025. Earnings announcements occurred, with improved profitability for Q4 2024 and Q3 2025 earnings announced on October 20, 2025. Insider buying activity has been observed, including a director's purchase of shares on November 13, 2025.

Specific information regarding demand seasonality for Ames National Corp.'s products and services is not explicitly detailed. Banking services may experience some fluctuations tied to agricultural cycles and local business investment cycles, but these trends are typically less pronounced than in industries with direct consumer product seasonality.

Ames National Corp. is a multi-bank holding company in central Iowa, operating in the Financial sector as a Regional Bank. It offers deposit products, various loans, mortgage origination, cash management, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit, ATM access, and wealth management services, including digital offerings.

Ames National Corp. operates through six central Iowa banks, serving 11 communities with 18 banking offices. Its primary operational areas span Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. Specific communities include Ames, Ankeny, Boone, Creston, Garner, Lenox, Marshalltown, Nevada, Osceola, Story City, and West Des Moines.

Ames National Corp. maintains a reputation as a customer-focused, locally empowered, and team member-driven organization, aiming to be a top-performing community banking organization in the Midwest. The company's strategy of fostering long-term customer relationships has contributed to stable deposits. In November 2025, the company celebrated an employee's completion of a professional program. Historically, the company has received positive recognition, ranking among the top publicly-traded banks in its asset category.

Insiders hold approximately 2.10% of Ames National Corp.'s shares, while institutional shareholders account for 26.47%. Key executives include John P. Nelson (CEO, President, and Director) and Justin C. Clausen (Chief Accounting Officer and CFO). The board of directors is chaired by Patrick G. Hagan, and Douglas Beals is also a director.