Ames National vs Hanover Bancorp
Ames National and Hanover Bancorp are similar in size: $66.8m and $73.3m of revenue in their latest fiscal years. Ames National grew faster (21.9% against 7.1%). Ames National kept more of each dollar of sales as profit: a net margin of 28.5% against 10.2%.
| Latest fiscal year | Ames NationalATLO, 2025 | Hanover BancorpHNVR, 2025 |
|---|---|---|
| Revenue | $66.8m | $73.3m |
| Revenue growth | 21.9% | 7.1% |
| Net income | $19.0m | $7.5m |
| Operating margin | — | — |
| Net margin | 28.5% | 10.2% |
| Return on equity | 9.9% | 3.8% |
| Free cash flow | $20.7m | $12.2m |
| Cash | $127m | $209m |
| Total debt | $18.4m | $101m |
| Debt to equity | — | — |
| Dividend per share | $0.60 | — |
| Dividend yield | 2.6% | 1.8% |
| Share buybacks | $1.7m | $1.8m |
| Employees | 260 | 194 |
| Market value | $302m | $160m |
| Price vs our value range | — | — |
| Moat score | 67 (Moderate) | 42 (Weak) |
| Insider trades, 12 months | 17 buys, 0 sales | 0 buys, 0 sales |