West Bancorporation, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- David D. Nelson
- Full Time Employees
- 180
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 3330 Westown Parkway West Des Moines IA United States of America 50266
- IPO Date
- May 3, 1999
- CIK
- 0001166928
- Website
- westbankstrong.com
- Similar Companies
- Business
- West Bancorporation, Inc. (Nasdaq: WTBA) is a financial holding company that owns West Bank, a business-focused community bank providing full-service banking and trust services to individuals, small- to medium-sized businesses, and commercial customers primarily in Iowa and Minnesota. West Bank offers deposit products including checking accounts, savings accounts, money market accounts, and time certificates of deposit; lending solutions such as commercial real estate loans, construction and land development loans, commercial lines of credit, commercial term loans, consumer loans for household and personal expenditures, 1-4 family residential mortgages, and home equity loans; treasury management services encompassing cash management, client-generated automated clearing house transactions, remote deposit capture, and fraud protection; merchant credit card processing and corporate credit cards; online and mobile banking platforms; and trust services including administration of estates, conservatorships, personal trusts, and agency accounts. The company operates through multiple branches in central Iowa (greater Des Moines metropolitan area), eastern Iowa (Iowa City and Coralville areas), and southern Minnesota (Rochester, Owatonna, Mankato, and St. Cloud markets), targeting business and consumer segments in these Midwest regions. Founded in 1893 as First Valley Junction Savings Bank and reorganized with West Bancorporation, Inc. formed in 1984, the company is headquartered at 3330 Westown Parkway in West Des Moines, Iowa, following the opening of its new four-story headquarters in April 2024. Recent developments include strong Q3 2025 performance with an 8% increase in pre-provision net revenue driven by improved net interest income and margins, mid-single-digit loan growth, and enhanced analyst outlook as evidenced by Piper Sandler's raised price target to $24 from $20.50; Q1 2025 results showed net interest margin expansion to 2.28%, efficiency ratio improvement to 56.37%, return on average equity of 13.84%, and loan growth of $11.6 million with pristine credit quality (zero loans past due over 90 days); and ongoing Midwest expansion alongside digital banking investments to boost growth, efficiency, and margins while maintaining a conservative lending approach. In Q4 2024, the company reduced wholesale funding, lowered overall cost of funds, grew core deposits, and sustained nonperforming assets at 0.00% of total assets despite a $16.4 million loan decline. West Bancorporation, Inc. maintains a NASDAQ listing since 2002 and focuses on high credit quality and regional market resilience without recent acquisitions, partnerships, or funding rounds noted.
Company News
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West Bancorporation, Inc. (WTBA) Q1 2026 Earnings Call Transcript
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