West Bancorporation, Inc.

West Bancorporation, Inc.

WTBAยทNASDAQ

$23.23

-3.1%
Financial ServicesBanks - Regional

West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. Further, the company provides internet and mobile banking services; treasury management services comprising cash management, client-generated automated clearing house transaction, remote deposit, and fraud protection services; and merchant credit card processing services and corporate credit cards. It has seven offices in the Des Moines area; one office in Coralville and Iowa; and one office each in Rochester, Owatonna, Mankato, and St. Cloud, Minnesota. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.

At a Glance

Live Snapshot
Market Cap$395.56M
EPS1.9200
P/E Ratio12.10
Earnings Date07/23/2026
3Y+49.0%
5Y+81.0%
10Y+175.0%
3Y-30.0%
5Y-
10Y+41.0%
3Y-22.0%
5Y+10.0%
10Y+54.0%
West Bancorporation, Inc.

West Bancorporation, Inc. Profit Bridge

WTBA ยท NASDAQ
Revenue198.49M
Cost of Goods Sold (103.24M)
Gross Profit95.25M
Operating Expenses (53.83M)
Operating Income41.42M
Interest Expense (103.24M)
Other Income/Expense0.00
Pretax Income41.42M
Income Tax (8.86M)
Net Income32.56M
Net Income
32.56M

Profitability Analysis

Gross Margin

48.0%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

20.9%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

16.4%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

21.4%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

West Bancorporation, Inc. Income Statement

WTBA โ€ข NASDAQ

West Bancorporation, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
198.5M
197.8M
169.7M
133.6M
116.4M
109.4M
107M
92.5M
81.7M
72.1M
67.4M
63.8M
60.5M
61.2M
62.2M
71M
76.6M
77.4M
98.4M
95.9M
GROSS PROFIT
(103.2M)
(119.7M)
(92M)
(29.1M)
(10.7M)
(29.4M)
(32.8M)
(22.5M)
(13M)
(8.9M)
(6.8M)
(6.9M)
(6.2M)
(10.1M)
(12.5M)
(25.1M)
(51.1M)
(48M)
(46.2M)
(42.4M)
95.2M
78.1M
77.8M
104.4M
105.7M
80M
74.1M
70.1M
68.7M
63.2M
60.6M
56.9M
54.3M
51.1M
49.7M
45.9M
25.5M
29.3M
52.2M
53.5M
OPERATING INCOME
(53.8M)
(50.7M)
(48M)
(45.1M)
(42.8M)
(38.6M)
(38.4M)
(35M)
(32.3M)
(30.3M)
(29.2M)
(30.2M)
(30.1M)
(28.3M)
(28.4M)
(27.2M)
(37.9M)
(20.6M)
(24.8M)
(25M)
(37.6M)
(31.9M)
(30.7M)
(27.6M)
(26.5M)
(28M)
(25.8M)
(23.2M)
(21.9M)
(22.5M)
(21.4M)
(20.7M)
(20.2M)
(18.6M)
(17.5M)
(17.3M)
(14.4M)
(11.6M)
(13.6M)
(13.9M)
41.4M
27.4M
29.8M
59.4M
62.9M
41.4M
35.7M
35.1M
36.4M
33M
31.4M
26.7M
24.2M
22.8M
21.3M
18.7M
-12.4M
8.7M
27.4M
28.5M
PRE-TAX INCOME
(103.2M)
(118.7M)
(91.3M)
(31.6M)
(12.2M)
(17.4M)
(32.2M)
(22.7M)
(13M)
(7.9M)
(6M)
(6.2M)
(7.1M)
(9.5M)
(11.9M)
(19M)
(26.6M)
(31.4M)
(43.8M)
(40.7M)
89M
71.4M
69M
91.7M
95.1M
82.8M
66.4M
62.1M
60.1M
57.1M
54.2M
49.1M
45.7M
41.2M
41.4M
42.1M
41.1M
41.1M
38.2M
39.1M
(16.3M)
(18.8M)
(17.3M)
(17.4M)
(16.3M)
(10.6M)
(12.7M)
(11.8M)
(10.3M)
(7.8M)
(7.8M)
(9.5M)
(9.9M)
(9.7M)
(10.9M)
(9.9M)
(23.5M)
(9M)
(11.3M)
(11M)
41.4M
27.4M
29.8M
59.4M
62.9M
41.4M
35.7M
35.1M
36.4M
33M
31.4M
26.7M
24.2M
22.8M
21.3M
18.7M
-12.4M
8.7M
27.4M
28.5M
NET INCOME
(8.9M)
(3.4M)
(5.6M)
(13M)
(13.3M)
(8.7M)
(7.1M)
(6.6M)
(13.4M)
(9.9M)
(9.7M)
(6.6M)
(7.3M)
(6.8M)
(6.1M)
(5.3M)
-7.4M
(1.4M)
(8.5M)
(9.1M)
32.6M
24.1M
24.1M
46.4M
49.6M
32.7M
28.7M
28.5M
23.1M
23M
21.7M
20M
16.9M
16M
15.3M
13.4M
-14.6M
7.6M
18.9M
19.4M

SEC Filings

WTBA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

April 24, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 23, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2025

N/A

March 03, 2026
December 31, 2025
2025
S-3

S-3

N/A

February 27, 2026
February 27, 2026
ย 
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 29, 2026
January 29, 2026
2026
8-K

8-K 2025

N/A

October 23, 2025
October 23, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 23, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 17, 2025
October 14, 2025
2025
Showing 1 to 10 of 364 filings