Ames National Corporation (Nasdaq:ATLO) is the holding company that provides banking products and services to customers in Iowa. It operates six central Iowa banks operating in 11 communities from 18 banking offices and holds USD 2.1 billion in total assets.
Comps: Colony Bankcorp, Inc. (Nasdaq:CBAN), Limestone Bancorp, Inc. (Nasdaq:LMST)
When compared to other banking corporations, Ames National Corporation stands out for its strong performance in key areas. Firstly, it boasts a yield of approximately 4.5%, which surpasses the figures reported by both Colony Bankcorp and Limestone Bancorp. Additionally, it has demonstrated superior earnings per share, profit margin, and return on equity when compared to Colony Bankcorp. Perhaps most significantly, Ames National Corporation has achieved greater net income overall than Limestone Bancorp, and its net income has accounted for a larger proportion of its revenue than Colony Bankcorp.