Company overview
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial, multi-family and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; consumer loans to finance consumer purchases, such as automobiles, trucks, recreational vehicles, household furnishings, boats, personal loans, and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was incorporated in 1903 and is headquartered in Ames, Iowa.
Daily valuation snapshot
These values come from the daily market snapshot dated 2026-10-08. TTM means trailing twelve months. Use the market date when comparing ATLO with another company.
| Daily close (USD) | $31.98 |
| Market capitalization (USD) | $283,253,895.6 |
| Price / earnings (TTM) | 12.33 |
| Price / book | 1.33 |
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Company size
AMES National Corp's recorded market capitalization is $283,253,895.6. It measures the market value of the company's equity, rather than its revenue or cash balance.
Price relative to earnings
ATLO's recorded P/E is 12.33: about $12.33 of share price for each $1 of trailing annual earnings per share. Compare that multiple with earnings growth and companies in the same business.
Price relative to book equity
ATLO's recorded price-to-book ratio is 1.33. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.
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