West Bancorporation

WTBA · NASDAQ · Financial Services / Banks - Regional

30.40USD+0.20 (+0.66%)

Price History

Full chart

Market Stats

Previous Close30.20

Open30.10

Day Range30.02 – 30.40

52-Week Range18.27 – 30.33

Volume48.80K

Market Cap485.92M

P/E (TTM)12.67

Forward P/E13.26

EPS2.25

Dividend Yield3.64%

Beta0.69

50-Day Avg28.65

200-Day Avg25.35

About

West Bancorporation, Inc. operates as the bank holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. The company offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit. It also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; and consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate, as well as 1-4 family residential mortgages and home equity loans. In addition, the company offers online and mobile banking services; treasury management services, including online and mobile cash management, client-generated automated clearing house transactions, remote deposit capture, lock box and fraud protection services; merchant credit card processing and corporate credit cards; and trust services, such as administration of estates, conservatorships, personal trusts, and agency accounts. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. David D. Nelson
Employees180
Headquarters3330 Westown Parkway, West Des Moines, IA, United States, 50266, USA
Websitehttps://www.westbankstrong.com

Leadership

Mr. David D. NelsonCEO, President & Director · b. 1961
Ms. Jane M. Funk CPAExecutive VP, Treasurer & CFO · b. 1969
Mr. Douglas Ray GullingDirector · b. 1954
Mr. Brad Lee WinterbottomExecutive Vice President · b. 1957
Mr. Harlee N. OlafsonExecutive VP & Chief Risk Officer · b. 1958
Mr. Bradley P. PetersExecutive Vice President · b. 1964
Mr. John F. McKinney III, J.D.VP & General Counsel
Ms. Melissa L. Gillespie J.D.VP, Corporate Counsel & Corporate Secretary

Financials

Income Statement

Currency: USD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	6.87M	60.93M	51.25M	52.77M	60.30M	74.99M	95.90M	54.26M	77.38M	76.63M	70.98M	62.19M	61.15M	60.47M	63.82M	67.44M	72.12M	81.68M	92.55M	106.99M	109.37M	116.42M	133.56M	169.75M	197.84M	198.49M
Growth (%)	-	+787.13%	-15.88%	+2.95%	+14.29%	+24.35%	+27.89%	-43.43%	+42.61%	-0.96%	-7.38%	-12.38%	-1.67%	-1.11%	+5.53%	+5.67%	+6.94%	+13.26%	+13.30%	+15.61%	+2.22%	+6.44%	+14.72%	+27.10%	+16.55%	+0.33%
Cost of Revenue	34.83M	26.02M	14.56M	11.99M	15.15M	26.88M	42.39M	46.17M	48.03M	51.14M	25.07M	12.47M	10.09M	6.21M	6.91M	6.84M	8.88M	12.98M	22.48M	32.84M	29.40M	10.72M	29.11M	91.97M	119.70M	103.24M
Gross Profit	6.87M	34.91M	36.69M	40.78M	45.15M	48.12M	53.51M	54.26M	29.35M	25.50M	45.91M	49.73M	51.06M	54.26M	56.91M	60.59M	63.24M	68.70M	70.06M	74.15M	79.97M	105.69M	104.45M	77.78M	78.13M	95.25M
Gross Margin	100.00%	57.30%	71.59%	77.28%	74.87%	64.16%	55.80%	100.00%	37.93%	33.27%	64.68%	79.95%	83.50%	89.73%	89.18%	89.85%	87.69%	84.11%	75.70%	69.30%	73.12%	90.79%	78.20%	45.82%	39.49%	47.99%
Operating Expense	-41.19M	10.48M	11.22M	14.69M	16.97M	18.64M	24.98M	-16.96M	20.65M	37.91M	27.19M	28.39M	28.29M	30.05M	30.22M	29.16M	30.29M	32.27M	34.99M	38.41M	38.59M	42.79M	45.05M	47.99M	50.69M	53.83M
Operating Income	48.05M	24.43M	25.47M	26.08M	28.18M	29.47M	28.54M	71.22M	8.70M	-12.41M	18.71M	21.34M	22.77M	24.21M	26.69M	31.44M	32.95M	36.44M	35.07M	35.74M	41.38M	62.91M	59.40M	29.79M	27.44M	41.42M
Operating Margin	699.69%	40.10%	49.70%	49.43%	46.74%	39.30%	29.75%	131.26%	11.24%	-16.19%	26.36%	34.31%	37.24%	40.04%	41.82%	46.62%	45.69%	44.61%	37.89%	33.41%	37.83%	54.04%	44.47%	17.55%	13.87%	20.87%
EBITDA	48.05M	24.69M	26.22M	28.17M	28.54M	30.02M	29.84M	71.22M	9.91M	-10.92M	21.01M	25.09M	27.77M	29.83M	31.31M	36.25M	38.29M	41.94M	41.42M	40.81M	44.77M	66.52M	63.86M	34.94M	34.37M	49.01M
EBITDA Margin	699.69%	40.52%	51.15%	53.38%	47.33%	40.03%	31.12%	131.26%	12.81%	-14.25%	29.60%	40.35%	45.42%	49.33%	49.06%	53.76%	53.09%	51.35%	44.76%	38.14%	40.94%	57.14%	47.81%	20.58%	17.37%	24.69%
Net Income	14.42M	15.74M	16.38M	17.28M	18.61M	20.07M	19.41M	18.92M	7.64M	-14.62M	13.38M	15.27M	16.01M	16.89M	20.04M	21.74M	23.02M	23.07M	28.51M	28.69M	32.71M	49.61M	46.40M	24.14M	24.05M	32.56M
Net Income Margin	209.90%	25.83%	31.95%	32.75%	30.87%	26.77%	20.24%	34.87%	9.87%	-19.07%	18.85%	24.55%	26.18%	27.93%	31.40%	32.24%	31.91%	28.24%	30.80%	26.81%	29.91%	42.61%	34.74%	14.22%	12.16%	16.40%
R&D	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-	-
Interest Expense	33.64M	24.95M	13.65M	11.14M	13.95M	25.10M	40.67M	43.82M	31.43M	26.64M	19.02M	11.92M	9.46M	7.06M	6.16M	5.99M	7.88M	12.98M	22.73M	32.24M	17.40M	12.22M	31.61M	91.27M	118.70M	103.24M
Interest Expense % of Total Revenue	489.79%	40.95%	26.63%	21.11%	23.14%	33.47%	42.41%	80.77%	40.62%	34.76%	26.80%	19.16%	15.48%	11.67%	9.65%	8.89%	10.92%	15.89%	24.57%	30.14%	15.91%	10.50%	23.67%	53.77%	60.00%	52.01%

Balance Sheet

Currency: USD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	827.88M	815.97M	886.12M	1.00B	1.15B	1.24B	1.27B	1.34B	1.55B	1.58B	1.31B	1.27B	1.45B	1.44B	1.62B	1.75B	1.85B	2.11B	2.30B	2.47B	3.19B	3.50B	3.61B	3.83B	4.01B	4.14B
Total Liabilities	757.03M	736.96M	800.29M	907.72M	1.05B	1.14B	1.15B	1.22B	1.40B	1.44B	1.16B	1.15B	1.31B	1.32B	1.48B	1.60B	1.69B	1.94B	2.11B	222.73M	217.01M	196.99M	3.40B	3.60B	3.79B	3.88B
Total Equity	70.84M	79.01M	85.82M	92.90M	97.62M	104.52M	113.81M	121.61M	150.06M	133.06M	145.44M	123.45M	134.59M	123.63M	140.18M	152.38M	165.38M	178.10M	191.02M	2.25B	2.97B	3.30B	211.11M	225.04M	227.88M	265.99M
Cash	-	34.46M	23.02M	27.79M	18.69M	39.42M	35.06M	49.53M	23.71M	27.92M	20.07M	35.77M	60.42M	41.13M	27.94M	57.33M	40.94M	34.95M	46.37M	37.81M	77.69M	17.55M	26.54M	65.36M	243.48M	349.67M
Total Debt	-	161.83M	184.12M	200.61M	181.10M	188.67M	217.29M	293.22M	238.97M	188.51M	180.63M	181.46M	170.10M	148.57M	199.16M	149.18M	135.10M	143.17M	232.37M	226.75M	226.55M	201.33M	330.86M	592.64M	392.63M	376.41M
Net Debt	-	127.37M	161.09M	172.82M	162.42M	149.24M	182.23M	243.69M	215.26M	160.59M	160.56M	145.69M	109.69M	107.44M	171.22M	91.85M	94.16M	108.22M	186.00M	184.92M	139.32M	179.43M	259.32M	527.28M	149.15M	26.73M

Cash Flow

Currency: USD	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: USD	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	19.15M	17.25M	17.45M	22.60M	22.34M	25.04M	23.92M	28.04M	17.64M	25.08M	26.03M	24.29M	23.39M	26.29M	31.04M	30.19M	29.36M	34.74M	36.97M	42.28M	57.88M	59.44M	25.25M	39.81M	46.48M
Investing Cash Flow	111.88M	-18.18M	-72.82M	-203.60M	-87.69M	-29.40M	-58.94M	-94.60M	-121.10M	216.48M	27.77M	-99.46M	-135.13M	-176.73M	-106.40M	-105.44M	-293.96M	-188.73M	-155.50M	-367.16M	-537.21M	-357.83M	-168.68M	-27.34M	93.30M
Financing Cash Flow	-29.09M	53.69M	-43.77M	128.81M	76.14M	-626.00K	49.28M	213.69M	38.02M	-285.10M	-54.65M	159.54M	-17.30M	147.80M	108.23M	79.33M	235.72M	153.51M	124.35M	668.02M	275.72M	132.11M	182.25M	165.65M	87.83M
Capital Expenditure	240.94K	447.95K	180.00K	1.01M	1.41M	541.00K	740.00K	547.00K	1.35M	368.00K	981.00K	1.03M	2.20M	5.30M	2.50M	12.80M	1.05M	210.00K	1.05M	2.32M	8.74M	21.31M	36.39M	26.14M	3.33M
Free Cash Flow	18.91M	16.80M	17.27M	21.59M	20.93M	24.50M	23.18M	27.49M	16.29M	24.72M	25.05M	23.25M	21.19M	20.99M	28.54M	17.39M	28.30M	34.53M	35.92M	39.97M	49.13M	38.13M	-11.14M	13.67M	43.15M
Dividends Paid	9.64M	9.96M	10.28M	10.48M	10.69M	10.96M	11.22M	11.14M	3.14M	2.67M	4.08M	6.26M	7.00M	7.84M	9.95M	10.80M	11.50M	12.70M	13.58M	13.81M	15.54M	16.62M	16.70M	16.81M	16.91M
FCF to OCF	98.74%	97.40%	98.96%	95.53%	93.69%	97.84%	96.91%	98.05%	92.36%	98.53%	96.23%	95.74%	90.60%	79.85%	91.94%	57.60%	96.41%	99.40%	97.17%	94.52%	84.89%	64.15%	-44.11%	34.34%	92.84%
Dividend Paid to FCF	50.97%	59.27%	59.52%	48.54%	51.08%	44.72%	48.43%	40.52%	19.28%	10.80%	16.28%	26.94%	33.01%	37.36%	34.87%	62.10%	40.63%	36.76%	37.80%	34.57%	31.63%	43.59%	-149.97%	122.92%	39.20%

Earnings

Report Date	Mar 31, 2000	Jun 30, 2000	Sep 30, 2000	Dec 31, 2000	Mar 31, 2001	Jun 30, 2001	Sep 30, 2001	Dec 31, 2001	Mar 31, 2002	Jun 30, 2002	Nov 27, 2002	Feb 26, 2003	May 28, 2003	Aug 14, 2003	Oct 18, 2003	Jan 19, 2004	Apr 20, 2004	Jul 19, 2004	Oct 18, 2004	Jan 17, 2005	Apr 18, 2005	Jul 18, 2005	Oct 17, 2005	Jan 19, 2006	Apr 20, 2006	Jul 20, 2006	Oct 19, 2006	Jan 18, 2007	Apr 26, 2007	Jul 19, 2007	Oct 18, 2007	Jan 17, 2008	Apr 17, 2008	Jul 31, 2008	Oct 30, 2008	Jan 22, 2009	Apr 30, 2009	Jul 30, 2009	Oct 29, 2009	Jan 29, 2010	Apr 29, 2010	Jul 30, 2010	Oct 29, 2010	Jan 28, 2011	Apr 28, 2011	Jul 29, 2011	Oct 28, 2011	Jan 27, 2012	Apr 26, 2012	Jul 27, 2012	Oct 26, 2012	Jan 25, 2013	Apr 25, 2013	Jul 26, 2013	Oct 25, 2013	Jan 24, 2014	Apr 24, 2014	Jul 25, 2014	Oct 24, 2014	Jan 30, 2015	Apr 23, 2015	Jul 24, 2015	Oct 30, 2015	Jan 28, 2016	Apr 28, 2016	Jul 28, 2016	Oct 27, 2016	Jan 26, 2017	Apr 27, 2017	Jul 27, 2017	Oct 26, 2017	Jan 25, 2018	Apr 26, 2018	Jul 26, 2018	Oct 25, 2018	Jan 24, 2019	Apr 25, 2019	Jul 25, 2019	Oct 24, 2019	Jan 23, 2020	Apr 23, 2020	Jul 23, 2020	Oct 29, 2020	Jan 28, 2021	Apr 29, 2021	Jul 29, 2021	Oct 28, 2021	Jan 27, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Jan 26, 2023	Apr 27, 2023	Jul 27, 2023	Oct 26, 2023	Jan 25, 2024	Apr 25, 2024	Jul 25, 2024	Oct 24, 2024	Jan 23, 2025	Apr 24, 2025	Jul 24, 2025	Oct 23, 2025	Jan 29, 2026	Apr 23, 2026	Jul 23, 2026	Oct 29, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	-	0.25	0.23	-0.05	0.18	0.14	-0.31	0.06	0.08	0.07	0.15	0.12	0.11	0.80	0.10	0.24	0.23	0.20	0.23	0.24	0.23	0.22	0.24	0.26	0.24	0.26	0.28	0.30	0.31	0.30	0.33	0.33	0.35	0.33	0.33	0.35	0.35	0.33	0.35	0.38	0.40	0.45	0.45	0.45	0.43	0.44	0.42	0.42	0.44	0.45	0.42	0.48	0.43	0.63	0.62	0.71	0.75	0.70	0.69	0.66	0.58	0.43	0.32	0.31	0.31	0.27	0.32	0.31	0.40	0.38	0.45	0.47	0.57	0.58	0.63	0.65
EPS Actual	0.21	0.22	0.20	0.19	0.20	0.22	0.23	0.24	0.22	0.23	0.24	0.25	0.23	0.24	0.26	0.25	0.24	0.26	0.27	0.29	0.28	0.28	0.28	0.30	0.26	0.28	0.28	0.29	0.25	0.29	0.28	0.25	0.26	0.26	-0.02	0.12	0.14	-0.38	0.08	0.13	0.16	0.12	0.19	0.17	0.23	0.12	0.18	0.21	0.23	0.25	0.22	0.22	0.23	0.25	0.27	0.27	0.27	0.30	0.32	0.36	0.32	0.33	0.34	0.37	0.33	0.34	0.36	0.37	0.37	0.39	0.39	0.40	0.45	0.41	0.43	0.44	0.42	0.41	0.46	0.46	0.49	0.48	0.49	0.52	0.70	0.79	0.76	0.71	0.78	0.75	0.69	0.53	0.47	0.35	0.35	0.27	0.35	0.31	0.35	0.49	0.46	0.47	0.55	0.43	0.61	0.64	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	-	4.00%	13.04%	60.00%	-33.33%	0.00%	-22.58%	33.33%	62.50%	128.57%	-20.00%	58.33%	54.55%	-71.25%	20.00%	-25.00%	-8.70%	15.00%	8.70%	-8.33%	-4.35%	4.55%	4.17%	3.85%	12.50%	3.85%	7.14%	6.67%	16.13%	6.67%	0.00%	3.03%	5.71%	0.00%	3.03%	2.86%	5.71%	12.12%	11.43%	2.63%	0.00%	0.00%	-8.89%	-4.44%	2.33%	-4.55%	-2.38%	9.52%	4.55%	8.89%	14.29%	2.08%	20.93%	11.11%	27.42%	7.04%	-5.33%	11.43%	8.70%	4.55%	-8.62%	9.30%	9.38%	12.90%	-12.90%	29.63%	-3.13%	12.90%	22.50%	21.05%	4.44%	17.02%	-24.56%	5.17%	1.59%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap485.92M

Enterprise Value422.09M

Trailing P/E12.67

Forward P/E13.26

PEG Ratio0.00

Price / Sales4.70

Price / Book1.73

EPS2.25

Book Value16.49

Revenue (TTM)103.37M

Gross Profit (TTM)103.37M

Profit Margin37.13%

Operating Margin52.62%

Return on Equity14.71%

Return on Assets0.95%

Shares Outstanding17.04M

Shares Float15.25M

Beta0.69

Dividend Yield3.64%

Dividend Rate1.04

Payout Ratio45.29%

Analyst Ratings

Hold

Based on 1 analystsTarget 29.00

Hold
1

Ownership Breakdown

Institutions: 51.53%
Insiders: 11.03%
Retail / Other: 37.44%

Top Institutional Holders

FMR Inc
1.44M8.47%
BlackRock Inc
1.18M6.91%
Vanguard Capital Management, LLC
701.07K4.11%
Dimensional Fund Advisors, Inc.
648.58K3.81%
West Bancorp Inc
415.41K2.44%
Aptus Capital Advisors, LLC
408.57K2.40%
American Century Companies Inc
377.83K2.22%
Geode Capital Management, LLC
364.51K2.14%
State Street Corp
342.17K2.01%
Legacy Bridge, LLC
245.80K1.44%
Rhino Investment Partners, Inc.
224.04K1.31%
Renaissance Technologies Corp
182.45K1.07%
Morgan Stanley - Brokerage Accounts
171.36K1.01%

Top Fund Holders

Fidelity Low-Priced Stock
596.92K3.50%
Vanguard MStar Total Stk Mkt Idx Invest
459.45K2.70%
iShares Russell 2000 ETF
430.80K2.53%
Opus Small Cap Value Plus ETF
413.62K2.43%
Avantis US Small Cap Value ETF
387.40K2.27%
Fidelity Small Cap Index
172.22K1.01%
Fidelity Series Intrinsic Opps
164.60K0.97%

Dividends

20264×

0.26Nov 10, 20260.26Aug 5, 20260.25May 6, 20260.25Feb 11, 2026

20254×

0.25Nov 5, 20250.25Aug 6, 20250.25May 7, 20250.25Feb 5, 2025

20244×

0.25Nov 6, 20240.25Aug 7, 20240.25May 7, 20240.25Feb 6, 2024

20234×

0.25Nov 7, 20230.25Aug 8, 20230.25May 9, 20230.25Feb 7, 2023

20224×

0.25Nov 8, 20220.25Aug 9, 20220.25May 10, 20220.25Feb 8, 2022

20214×

0.24Nov 9, 20210.24Aug 10, 20210.24May 11, 20210.22Feb 9, 2021

Stock Splits

Jul 27, 200621:20
Jul 22, 200421:20
May 4, 19993:2
Jul 18, 199650081:33387