West Bancorporation, Inc.

West Bancorporation, Inc.

WTBA
West Bancorporation, Inc.US flagNASDAQ Global Select
27.02
USD
+0.06
- -
460.10MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.23
3.63
3.84
3.96
4.26
4.28
4.56
5.58
6.3
6.13
4.72
4.71
5.57
5.81
Basic EPS, GAAP
1.02
1.26
1.36
1.42
1.43
1.75
1.75
1.99
3
2.79
1.44
1.43
1.92
2.09
Free Cash Flow per Basic Share
1.28
1.32
1.79
1.08
1.75
2.12
2.19
2.43
2.97
2.29
-0.66
0.81
2.54
2.79
Dividend per Share
0.42
0.49
0.62
0.67
0.71
0.78
0.83
0.84
0.94
1
1
1
1
1
Book Value per Share
6.57
7.6
8.3
8.94
9.7
10.6
11.47
12.55
14.56
16.27
16.37
16.74
17.53
17.94
Tangible Book Value per Share
7.47
8.81
9.53
10.2
11.04
11.72
12.93
13.58
15.74
12.69
13.43
13.55
15.68
16
Basic Weighted Avg Shares
17
16
16
16
16
16
16
16
17
17
17
17
17
17
Sales/Revenue/Turnover
53
58
61
64
69
70
75
92
104
102
79
79
94
98
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
6
5
5
5
6
6
5
3
4
4
5
7
8
8
Net Income, GAAP
17
20
22
23
23
29
29
33
50
46
24
24
33
35
Effective Tax Rate (%)
30.23
24.91
30.84
30.15
36.69
18.71
19.73
20.95
21.14
21.88
18.97
12.36
21.39
21.33
Profit Margin (%)
31.62
34.75
35.39
35.83
33.58
40.84
38.38
35.57
47.61
45.51
30.52
30.39
34.46
35.91
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
132
130
127
125
120
185
223
217
197
286
442
393
376
375
Total Equity
124
140
152
165
178
191
212
224
260
211
225
228
266
271
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
16.27
17.45
17.14
16.58
15.3
17.32
15.92
16.58
22.17
18.15
8.86
8.65
11.25
11.99

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
389
376
375
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
343
375
403

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
471
639
501
Accounts Receivable, Net
13
12
13
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.2%
4.41%
16.72%
Free Cash Flow
-7.58%
-27.16%
215.63%
Net Income, GAAP
7.65%
6.44%
35.38%
Sales/Revenue/Turnover
5.14%
1.63%
19.4%
Total Cash Common Dividend
5.53%
4.24%
0.64%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19
19
20
21
79
2025
23
24
25
23
94
2026
27
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.31
0.35
0.42
1.43
2025
0.47
0.47
0.55
0.44
1.92
2026
0.62
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.25
0.25
0.25
1
2025
0.25
0.25
0.25
0.25
1
2026
0.25
- -
- -
- -
- -

Company Description

APIChatGPT
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
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

APIChatGPT
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  • West Bancorporation Q4 Earnings Call Highlights

  • West Bancorporation, Inc. (WTBA) Q4 2025 Earnings Call Transcript

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  • West Bancorporation, Inc. Announces Fourth Quarter 2025 Financial Results and Declares Quarterly Dividend