Ames National Corporation (ATLO) vs Isabella Bank Corporation (ISBA)

Ames National Corporation and Isabella Bank Corporation are both Banks Regional companies. Ames National Corporation and Isabella Bank Corporation are of similar size ($285.3M and $281.8M). Ames National Corporation trades at the lower P/E: 12.3× against 14.1×. Isabella Bank Corporation grew revenue faster over the last twelve months: 11.1% against 7.03%. Ames National Corporation has the higher net margin (22.6% vs 16.8%) and the higher return on invested capital (18.7% vs 6.67%). Across the 19 metrics below, Ames National Corporation leads on 11 and Isabella Bank Corporation on 8.

Valuation

Metric ATLO ISBA Banks Regional median
P/E 12.33 14.14 12.15
P/S 2.78 2.37 2.37
P/B 1.32 1.13 1.21
Price to free cash flow 11.56 12.09 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.69 2.27 2.27
Earnings yield 8.11% 7.07% 8.11%
Free cash flow yield 8.65% 8.27% 8.98%

Profitability

Metric ATLO ISBA Banks Regional median
Gross margin 71.52% 71.72% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.64% 16.78% 18.66%
Free cash flow margin 24.03% 19.59% 21.18%
Return on equity 11.31% 8.51% 10.64%
Return on assets 1.09% 0.91% 1.13%
Return on invested capital 18.74% 6.67% 8.33%

Growth

Metric ATLO ISBA Banks Regional median
Revenue growth (TTM) 7.03% 11.11% 6.61%
EPS growth (last fiscal year) 87.72% 37.63% —
Revenue growth, 5-year CAGR 5.96% 7.34% 12.30%
Net income growth, 5-year CAGR 0.19% 11.68% 9.71%

Health

Metric ATLO ISBA Banks Regional median
Debt to equity 0.00 0.12 0.22
Current ratio 0.72 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ATLO ISBA Banks Regional median
Dividend yield 5.90% — 3.75%
Payout ratio 0.62 — 0.27

Size

Metric ATLO ISBA Banks Regional median
Market cap 281.75m 285.32m 921.07m

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