Ames National Corporation

Ames National Corporation is a multi-bank holding company with five central Iowa banks operating in eleven communities from sixteen banking offices. The Corporation was established in 1975 to serve as a holding company for First National Bank, Ames, Iowa. Since that time, State Bank & Trust Co., Nevada, Boone Bank & Trust Co., Boone, Reliance State Bank, Story City, and United Bank & Trust, Marshalltown have affiliated with the Corporation.

Corporate Values
EXCELLENCE - Striving to exceed expectations
INTEGRITY - Demonstrating high morals and ethical conduct
LEADERSHIP - Creating and developing opportunities that benefit our employees, customers, community and shareholders
STABILITY - Maintaining financial strength and a dedicated staff to successfully serve the current and future needs of employees, customers, community and shareholders
TRUST - Acting in the best interest of our employees, customers and shareholders
COMMUNITY - Dedicated to serving our communities through local decision-making, community involvement and active boards of directors

Company Growth (employees)
Type
Public
HQ
Ames, US
Founded
1903
Size (employees)
202 (est)-2%
Ames National Corporation was founded in 1903 and is headquartered in Ames, US

Ames National Corporation Office Locations

Ames National Corporation has an office in Ames

Ames National Corporation Data and Metrics

Ames National Corporation Financial Metrics

Ames National Corporation's revenue was reported to be $13.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

13.2 m

Gross profit (Q1, 2017)

12 m

Gross profit margin (Q1, 2017), %

91%

Net income (Q1, 2017)

3.6 m

EBIT (Q1, 2017)

9.5 m

Market capitalization (15-Aug-2017)

259 m

Cash (31-Mar-2017)

24.8 m
Ames National Corporation's current market capitalization is $259 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.2 m50.2 m43.2 m52.1 m

Revenue growth, %

9%(14%)21%

Cost of goods sold

4.2 m4.1 m

Gross profit

39 m48 m

Gross profit Margin, %

90%92%

Operating expense total

21.7 m24.4 m25.3 m24.9 m

EBIT

32.6 m36 m37.9 m39.4 m

EBIT margin, %

71%72%88%76%

Interest expense

5.1 m4.5 m

Pre tax profit

18.6 m20.9 m20.8 m22.5 m

Income tax expense

4.7 m5.6 m5.8 m6.8 m

Net Income

14 m15.3 m15 m15.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

13.3 m12.8 m12.9 m12.9 m13.1 m13.2 m

Cost of goods sold

1.1 m1 m1 m1 m1 m1.2 m

Gross profit

12.2 m11.8 m11.9 m11.9 m12.1 m12 m

Gross profit Margin, %

92%92%92%92%92%91%

Sales and marketing expense

3.8 m3.9 m4.1 m3.9 m4 m4 m

R&D expense

704.6 k720.2 k761.1 k780.7 k824.4 k823.8 k

Operating expense total

4.5 m4.6 m4.8 m4.6 m4.8 m4.9 m

EBIT

8.9 m9.8 m9.6 m10 m9.8 m9.5 m

EBIT margin, %

67%77%74%77%75%72%

Pre tax profit

4.6 m5.8 m5.3 m5.8 m5.7 m5.1 m

Income tax expense

1.2 m1.7 m1.5 m1.7 m1.9 m1.5 m

Net Income

8.4 m12.1 m3.6 m7 m11.1 m3.8 m7.9 m11.7 m3.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

24.3 m23.7 m24 m29.5 m

Goodwill

5.6 m6.7 m6.7 m6.7 m

Total Assets

1.2 b1.3 b1.3 b1.4 b

Accounts Payable

1.1 b

Dividends Payable

2 m

Total Liabilities

1.2 b

Additional Paid-in Capital

22.7 m20.9 m20.9 m20.9 m

Retained Earnings

102.2 m110.7 m118.3 m126.2 m

Total Equity

154.7 m161.3 m165.1 m

Financial Leverage

8.4 x8.2 x8.3 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

26.3 m26.1 m21.6 m20.3 m21.3 m24.8 m

Goodwill

6.7 m6.7 m6.7 m6.7 m6.7 m6.7 m

Total Assets

1.3 b1.3 b1.3 b1.3 b1.3 b1.4 b

Accounts Payable

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Dividends Payable

2 m

Additional Paid-in Capital

20.9 m20.9 m20.9 m20.9 m20.9 m20.9 m

Retained Earnings

114 m116.2 m120.1 m122.3 m124.1 m127.7 m

Total Equity

156.6 m160.4 m165.5 m170.1 m170.7 m168.1 m

Financial Leverage

8.4 x8.4 x8.1 x7.8 x7.9 x8.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

14 m15.3 m15 m15.7 m

Depreciation and Amortization

797.7 k892.4 k1.1 m368.3 k

Accounts Payable

(47.9 k)(656 k)512.6 k

Cash From Operating Activities

23.5 m19.5 m22.7 m21.4 m

Cash From Investing Activities

(47.9 m)16.2 m(34.5 m)(43.5 m)

Dividends Paid

(5.9 m)(6.5 m)(7.3 m)(7.7 m)

Cash From Financing Activities

13.9 m(36.2 m)12 m27.5 m

Interest Paid

5.4 m4.8 m4.5 m4.2 m

Income Taxes Paid

5 m5.7 m4.3 m5.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.4 m12.1 m3.6 m7 m11.1 m3.8 m7.9 m11.7 m3.6 m

Depreciation and Amortization

376.5 k605.1 k259.7 k531.2 k812.6 k291.4 k572.6 k885.2 k274.3 k

Accounts Payable

7.8 k

Cash From Operating Activities

10.1 m13.9 m6.6 m10.8 m15.9 m6.3 m9.9 m14.6 m6.2 m

Cash From Investing Activities

204.1 k25 m(41.8 m)(23.7 m)(44 m)(9.6 m)(816.7 k)(14.2 m)(33.2 m)

Dividends Paid

(3.2 m)(4.8 m)(1.7 m)(3.5 m)(5.4 m)(1.9 m)(3.8 m)(5.8 m)(2 m)

Cash From Financing Activities

(10.8 m)(37.5 m)36.5 m15.5 m30.5 m855.7 k(12.8 m)(3.1 m)22.3 m

Interest Paid

2.5 m3.6 m1.2 m2.3 m3.4 m1 m2.1 m3.1 m1.2 m

Income Taxes Paid

2.7 m4.1 m45 k2.9 m3.2 m12 k2.5 m4.2 m75.5 k
USDY, 2017

Revenue/Employee

64.2 k

Financial Leverage

8.3 x

Ames National Corporation Market Value History

Traffic Overview of Ames National Corporation

Ames National Corporation Company Life and Culture

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