Ames National Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.8M | $54.8M | $53.8M | $62.9M | $66.5M | $65.5M | $53.9M | $50.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $23.9M | $12.2M | $42.6M | $33.5M | $35.2M | $31.3M | $32.0M | $29.0M |
| Operating Margin | 35.7% | 22.3% | 79.1% | 53.2% | 52.8% | 47.9% | 59.3% | 58.0% |
| Interest Expense | — | — | $29.7M | $8.3M | $4.5M | $8.1M | $10.9M | $7.6M |
| Pretax Income | $23.9M | $12.2M | $12.9M | $25.2M | $30.7M | $23.2M | $21.0M | $21.4M |
| Income Tax Expense | $4.8M | $2.0M | $2.1M | $5.9M | $6.8M | $4.4M | $3.8M | $4.4M |
| Net Income | $19.0M | $10.2M | $10.8M | $19.3M | $23.9M | $18.9M | $17.2M | $17.0M |
| Net Margin | 28.5% | 18.6% | 20.1% | 30.7% | 35.9% | 28.8% | 31.9% | 34.0% |
| EPS (Basic) | $2.14 | $1.14 | $1.20 | $2.14 | $2.62 | $2.06 | $1.86 | $1.83 |
| EPS (Diluted) | — | — | — | — | $2.62 | $2.06 | $1.86 | $1.83 |
| Shares Outstanding (Basic) | 8.9M | 9.0M | 9.0M | 9.0M | 9.1M | 9.1M | 9.2M | 9.3M |
| Shares Outstanding (Diluted) | 8.9M | 9.0M | 9.0M | 9.0M | 9.1M | 9.1M | 9.2M | 9.3M |
| Dividends Per Share | $0.60 | $0.94 | $1.08 | $1.08 | $1.29 | $0.75 | $0.96 | $1.17 |