Ames National Corporation Overview
Pro stress-test →Ames National Corporation is 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. In 2024, Ames National's revenue was $53.46 million, representing 2.24% growth compared to the prior year.
Strategic Profile
Pro stress-test →The company provides comprehensive lending services including commercial, agricultural, and residential real estate loans, along with consumer loans, and offers cash management, merchant credit card processing, wealth management, farm management, and online banking services. Recent management confidence is evidenced by a 20% increase in quarterly dividends, signaling strong cash generation ability.
Competitive Landscape
Pro stress-test →Ames National operates through affiliate banks including First National Bank (Ames, Iowa), Boone Bank & Trust Co., State Bank & Trust Co. (Nevada, Iowa), Iowa State Savings Bank (Creston, Iowa), and Reliance. The company competes against large regional and community banks in its primary service counties through traditional relationship banking and agricultural lending expertise.
Industry Context
Ames National Corporation operates in Regional Banking / Multi-Bank Holding Company.
Key facts
Founded: 1903 · Headquarters: Ames, Iowa · Employees: 268 · Revenue: $53.46M (2024) · Market cap: $196.3M