AMES NATIONAL CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.8M | $54.8M | $86.5M | $71.4M | $67.2M | $75.9M | $79.9M | $75.4M |
| Interest on Loans | — | — | $63.6M | $49.1M | $43.8M | $50.6M | $55.3M | $53.3M |
| Interest on Taxable Securities | — | — | $10.9M | $8.3M | $6.2M | $6.4M | $8.4M | $7.6M |
| Interest on Tax-exempt Securities | — | — | $4.9M | $4.7M | $4.4M | $4.6M | $4.8M | $4.9M |
| Other Interest Income | — | — | $1.5M | $902.0K | $152.0K | $253.0K | $1.2M | $940.0K |
| Trust Department Income | — | — | $3.2M | $3.4M | $3.6M | $3.1M | $3.0M | $2.8M |
| Service Fees on Deposits | — | — | $1.4M | $1.5M | $1.4M | $1.3M | $1.6M | $1.6M |
| Net Securities Gains or Losses | — | — | $-4.2M | $-2.6M | $514.0K | $2.8M | $1.3M | $-23.0K |
| Gain on Sale of Loans | — | — | $128.0K | $557.0K | $1.7M | $2.5M | $402.0K | $246.0K |
| Merchant and Card Fees | — | — | $2.9M | $3.0M | $3.0M | $2.4M | $2.3M | $2.3M |
| Other Noninterest Income | — | — | $2.2M | $2.5M | $2.4M | $2.0M | $1.8M | $1.8M |
| 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% | 49.2% | 46.9% | 52.3% | 41.3% | 40.0% | 38.5% |
| 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% | 12.5% | 27.0% | 35.6% | 24.8% | 21.5% | 22.6% |
| 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 |