NASDAQ : WTBA
West Bancorporation, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 29.91 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 509.78M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 167.43M | 166.84M | 166.22M | 142.92M | 107.09M | 95.58M |
| Interest Income on Investments | 26.83M | 25.38M | 23.84M | 17.38M | 16.25M | 11.70M |
| Total Interest Income | 194.26M | 192.22M | 190.07M | 160.31M | 123.35M | 107.28M |
| Interest Paid on Deposits | 78.93M | 87.75M | 97.28M | 66.80M | 22.63M | 7.95M |
| Interest Paid on Borrowings | 14.85M | 15.49M | 21.42M | 24.48M | 8.98M | 4.27M |
| Total Interest Expense | 93.78M | 103.24M | 118.70M | 91.27M | 31.61M | 12.22M |
| Net Interest Income | 100.48M | 88.98M | 71.36M | 69.03M | 91.74M | 95.06M |
| Trust Income | 4.21M | 3.44M | 3.45M | 3.07M | 2.71M | 2.67M |
| Gain (Loss) on Sale of Assets | -8.00K | -8.00K | -47.00K | -29.00K | -29.00K | |
| Gain (Loss) on Sale of Investments | -3.96M | -3.96M | -1.17M | -431.00K | 51.00K | |
| Other Non-Interest Income | 4.80M | 4.85M | 4.36M | 4.91M | 5.33M | 4.66M |
| Total Non-Interest Income | 7.00M | 6.26M | 8.43M | 9.38M | 10.21M | 9.73M |
| Revenues Before Loan Losses | 107.48M | 95.25M | 79.80M | 78.41M | 101.95M | 104.79M |
| Provision for Loan Losses | 1.00M | 700.00K | -2.50M | -1.50M | ||
| Revenue | 107.48M | 95.25M | 78.80M | 77.71M | 104.45M | 106.29M |
| Salaries and Employee Benefits | 28.28M | 26.64M | 25.08M | 23.95M | 22.48M | 20.65M |
| Occupancy Expenses | 8.12M | 8.17M | 7.32M | 5.51M | 4.91M | 5.16M |
| Federal Deposit Insurance | 1.85M | 2.37M | 2.56M | 1.75M | 996.00K | 1.82M |
| Selling, General & Administrative | 10.76M | 10.70M | 10.34M | 10.69M | 9.78M | 8.53M |
| Other Non-Interest Expense | 5.92M | 5.95M | 6.06M | 6.71M | 6.88M | 7.22M |
| Total Non-Interest Expense | 54.92M | 53.83M | 51.35M | 48.61M | 45.05M | 43.38M |
| EBT Excluding Unusual Items | 52.56M | 41.42M | 27.44M | 29.09M | 59.40M | 62.91M |
| Pretax Income | 52.56M | 41.42M | 27.44M | 29.79M | 59.40M | 62.91M |
| Income Tax Expense | 11.87M | 8.86M | 3.39M | 5.65M | 13.00M | 13.30M |
| Net Income | 40.70M | 32.56M | 24.05M | 24.14M | 46.40M | 49.61M |
| Net Income to Common | 40.70M | 32.56M | 24.05M | 24.14M | 46.40M | 49.61M |
| Basic Shares Outstanding | 16.99M | 16.91M | 16.81M | 16.70M | 16.62M | 16.53M |
| Diluted Shares Outstanding | 17.20M | 17.00M | 16.89M | 16.75M | 16.80M | 16.79M |
| EPS (Basic) | 2.39 | 1.92 | 1.43 | 1.44 | 2.79 | 3.00 |
| EPS (Diluted) | 2.37 | 1.92 | 1.42 | 1.44 | 2.76 | 2.95 |
| Dividend Per Share | 1.01 | 1.00 | 1.00 | 1.00 | 1.00 | 0.94 |
| Effective Tax Rate | 22.57% | 21.39% | 12.36% | 18.96% | 21.88% | 21.14% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 111.98M | 349.67M | 243.48M | 65.36M | 26.54M | 192.82M |
| Investment Securities | 319.93M | 300.04M | 205.48M | 242.15M | 242.21M | 282.99M |
| Trading Asset Securities | 20.57M | 12.79M | 24.18M | 25.43M | 31.59M | 3.89M |
| Mortgage-Backed Securities | 256.16M | 289.82M | 339.08M | 381.77M | 421.91M | 475.83M |
| Total Investments | 596.66M | 602.64M | 568.75M | 649.35M | 695.71M | 762.71M |
| Gross Loans | 3.00B | 3.00B | 3.01B | 2.93B | 2.75B | 2.46B |
| Allowance for Loan Losses | -30.54M | -30.52M | -30.43M | -28.34M | -25.47M | -28.36M |
| Other Adjustments to Gross Loans | -2.54M | -2.55M | -3.15M | -4.28M | -4.14M | -4.53M |
| Net Loans | 2.96B | 2.97B | 2.97B | 2.90B | 2.72B | 2.43B |
| Property, Plant & Equipment | 105.51M | 108.38M | 109.98M | 86.40M | 53.12M | 34.57M |
| Accrued Interest Receivable | 12.06M | 11.98M | 12.82M | 13.58M | 11.99M | 8.89M |
| Long-Term Deferred Tax Assets | 31.03M | 25.93M | 33.20M | 34.30M | 36.61M | 10.82M |
| Other Long-Term Assets | 57.34M | 57.31M | 57.20M | 54.62M | 52.55M | 52.59M |
| Total Assets | 3.89B | 4.14B | 4.01B | 3.83B | 3.61B | 3.50B |
| Accrued Expenses | 20.61M | 16.33M | 17.79M | 15.79M | 20.53M | 6.66M |
| Interest Bearing Deposits | 2.72B | 2.45B | 2.82B | 2.43B | 2.19B | 2.30B |
| Institutional Deposits | 479.84M | |||||
| Non-Interest Bearing Deposits | 551.62M | 540.36M | 541.05M | 548.73M | 693.56M | 720.14M |
| Total Deposits | 3.27B | 3.47B | 3.36B | 2.97B | 2.88B | 3.02B |
| Short-Term Borrowings | 224.33M | 280.92M | 284.55M | 480.37M | 370.31M | 139.28M |
| Current Portion of Long-Term Debt | 5.00M | |||||
| Current Portion of Leases | 593.00K | |||||
| Long-Term Debt | 22.50M | 21.25M | 42.74M | 47.74M | 51.49M | 51.52M |
| Long-Term Leases | 3.55M | 4.55M | 3.40M | 5.94M | ||
| Trust Preferred Securities | 80.35M | 80.16M | 79.89M | 79.63M | 79.37M | 20.46M |
| Total Liabilities | 3.62B | 3.88B | 3.79B | 3.60B | 3.40B | 3.24B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 38.07M | 37.23M | 35.62M | 34.20M | 32.02M | 30.18M |
| Retained Earnings | 314.61M | 294.26M | 278.61M | 271.37M | 267.56M | 237.78M |
| Comprehensive Income & Other | -83.98M | -68.50M | -89.36M | -83.52M | -91.47M | -10.64M |
| Shareholders' Equity | 271.69M | 265.99M | 227.88M | 225.04M | 211.11M | 260.33M |
| Total Liabilities & Equity | 3.89B | 4.14B | 4.01B | 3.83B | 3.61B | 3.50B |
| Total Debt | 327.18M | 391.46M | 411.73M | 611.14M | 501.16M | 217.21M |
| Net Cash (Debt) | -34.19M | 92.41M | -144.07M | -520.36M | -443.03M | -20.50M |
| Net Cash Per Share | -1.99 | 5.44 | -8.53 | -31.07 | -26.37 | -1.22 |
| Filing Date Shares Outstanding | 17.04M | 16.94M | 16.83M | 16.73M | 16.64M | 16.55M |
| Total Common Shares Outstanding | 17.04M | 16.94M | 16.83M | 16.73M | 16.64M | 16.55M |
| Book Value Per Share | 15.94 | 15.70 | 13.54 | 13.46 | 12.69 | 15.73 |
| Tangible Book Value | 271.69M | 265.99M | 227.88M | 225.04M | 211.11M | 260.33M |
| Tangible Book Value Per Share | 15.94 | 15.70 | 13.54 | 13.46 | 12.69 | 15.73 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 40.70M | 32.56M | 24.05M | 24.14M | 46.40M | 49.61M |
| Depreciation & Amortization | 7.62M | 7.59M | 6.92M | 5.15M | 4.46M | 3.62M |
| Gain (Loss) on Sale of Investments | 3.96M | 3.96M | 1.17M | 431.00K | -51.00K | |
| Provision for Credit Losses | 1.00M | 700.00K | -2.50M | -1.50M | ||
| Accrued Interest Receivable | 1.30M | 843.00K | 756.00K | -1.59M | -3.10M | 2.34M |
| Change in Other Net Operating Assets | 120.00K | -368.00K | 1.54M | -5.40M | 10.20M | 2.13M |
| Other Operating Activities | -1.82M | -850.00K | 1.86M | -1.29M | 619.00K | -841.00K |
| Operating Cash Flow | 54.75M | 46.48M | 39.81M | 25.25M | 59.44M | 57.88M |
| Capital Expenditures | -1.35M | -3.33M | -26.14M | -36.39M | -21.31M | -8.74M |
| Investment in Securities | 100.42M | 104.89M | 68.20M | 53.66M | -40.12M | -355.03M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 2.21M | -8.22M | -77.23M | -184.79M | -287.03M | -175.19M |
| Other Investing Activities | 2.76M | -38.00K | 7.83M | -1.16M | -9.37M | 1.76M |
| Investing Cash Flow | 104.05M | 93.30M | -27.34M | -168.68M | -357.83M | -537.21M |
| Short-Term Debt Issued | 197.12M | |||||
| Long-Term Debt Issued | 160.00M | 88.76M | 34.50M | |||
| Total Debt Issued | 160.00M | 285.88M | 34.50M | |||
| Short-Term Debt Repaid | -150.27M | -49.73M | -2.50M | |||
| Long-Term Debt Repaid | -5.00M | -50.00M | -3.75M | -35.00K | -54.54M | |
| Total Debt Repaid | -65.00M | -5.00M | -200.27M | -53.48M | -35.00K | -57.03M |
| Net Debt Issued (Repaid) | -65.00M | -5.00M | -200.27M | 106.52M | 285.84M | -22.53M |
| Repurchase of Common Stock | -1.28M | -1.13M | -1.09M | -935.00K | -1.52M | -1.21M |
| Common Dividends Paid | -17.16M | -16.91M | -16.81M | -16.70M | -16.62M | -15.54M |
| Net Increase (Decrease) in Deposit Accounts | -35.87M | 110.87M | 383.82M | 93.37M | -135.60M | 315.01M |
| Financing Cash Flow | -119.31M | 87.83M | 165.65M | 182.25M | 132.11M | 275.72M |
| Net Cash Flow | 39.49M | 227.61M | 178.12M | 38.82M | -166.29M | -203.61M |
| Free Cash Flow | 53.40M | 43.15M | 13.67M | -11.14M | 38.13M | 49.13M |
| Free Cash Flow Margin | 49.68% | 45.31% | 17.35% | -14.33% | 36.50% | 46.23% |
| Free Cash Flow Per Share | 3.10 | 2.54 | 0.81 | -0.67 | 2.27 | 2.93 |
| Cash Interest Paid | 96.18M | 106.32M | 117.00M | 87.85M | 28.87M | 12.64M |
| Cash Income Tax Paid | 11.51M | 5.55M | 1.48M | 5.72M | 10.63M | 13.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 530.06M | 375.92M | 364.43M | 354.57M | 425.16M | 514.36M |
| Last Close Price | 29.91 | 21.55 | 20.02 | 18.58 | 21.21 | 24.78 |
| PE Ratio | 13.11 | 11.54 | 15.15 | 14.69 | 9.16 | 10.37 |
| PS Ratio | 4.74 | 3.95 | 4.62 | 4.56 | 4.07 | 4.84 |
| PB Ratio | 1.88 | 1.41 | 1.60 | 1.58 | 2.01 | 1.98 |
| P/FCF Ratio | 9.55 | 8.71 | 26.66 | 11.15 | 10.47 | |
| P/OCF Ratio | 9.31 | 8.09 | 9.15 | 14.04 | 7.15 | 8.89 |
| Debt / Equity Ratio | 1.20 | 1.47 | 1.81 | 2.72 | 2.37 | 0.83 |
| Debt / FCF Ratio | 6.13 | 9.07 | 30.11 | 13.14 | 4.42 | |
| Net Debt / Equity Ratio | 0.13 | -0.35 | 0.63 | 2.31 | 2.10 | 0.08 |
| Net Debt / FCF Ratio | 0.64 | -2.14 | 10.54 | -46.72 | 11.62 | 0.42 |
| Return on Equity (ROE) | 15.45% | 13.19% | 10.62% | 11.07% | 19.68% | 20.50% |
| Return on Assets (ROA) | 1.03% | 0.80% | 0.61% | 0.65% | 1.31% | 1.48% |
| Earnings Yield | 7.63% | 8.66% | 6.60% | 6.81% | 10.91% | 9.64% |
| FCF Yield | 10.48% | 11.48% | 3.75% | -3.14% | 8.97% | 9.55% |
| Dividend Yield | 3.43% | 4.51% | 4.62% | 4.72% | 3.91% | 3.02% |
| Payout Ratio | 43.84% | 51.95% | 69.88% | 69.21% | 35.82% | 31.33% |
| Buyback Yield / Dilution | -1.24% | -0.63% | -0.87% | 0.29% | -0.05% | -1.66% |
| Total Shareholder Return | 2.23% | 3.87% | 3.75% | 5.00% | 3.86% | 1.37% |