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WTBA logoWest Bancorporation, Inc.(WTBA)Earnings, Financials & Key Ratios

WTBA•NASDAQ•Banking & Credit
$23.84
$404M mkt cap·12.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutWest 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.Show more
  • Net Interest Income$89M+24.7%
  • Total Revenue$198M+0.3%
  • Net Income$33M+35.4%
  • Return on Equity13.19%+24.2%
  • Net Interest Margin2.15%+20.9%
  • Efficiency Ratio27.12%+5.8%
  • ROA0.8%+30.1%
  • Equity / Assets6.42%+13.1%
  • Book Value per Share15.63+15.9%
  • Tangible BV/Share15.63+15.9%
  • Debt/Equity0.40-76.8%
Technical→

WTBA Key Insights

West Bancorporation, Inc. (WTBA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 27.1% efficiency ratio
  • ✓Healthy dividend yield of 4.2%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

WTBA Price & Volume

West Bancorporation, Inc. (WTBA) stock price & volume — 10-year historical chart

Loading chart...

WTBA Growth Metrics

West Bancorporation, Inc. (WTBA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.4%
5 Years12.66%
3 Years14.12%
TTM-

Profit CAGR

10 Years4.12%
5 Years-0.09%
3 Years-11.14%
TTM35.3%

EPS CAGR

10 Years3.58%
5 Years-0.61%
3 Years-11.39%
TTM34.42%

Return on Capital

10 Years9.59%
5 Years8.34%
3 Years5.08%
Last Year6.22%

WTBA Recent Earnings

West Bancorporation, Inc. (WTBA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 23, 2026
EPS
$0.61
Est $0.59
+3.4%
Revenue
$27M
Est $27M
-0.5%
Q1 2026
Jan 29, 2026
EPS
$0.61
Est $0.57
+7.0%
Revenue
$27M
Est $27M
+2.4%
Q4 2025
Oct 23, 2025
EPS
$0.55
Est $0.47
+17.0%
Revenue
$25M
Est $25M
-1.9%
Q3 2025
Jul 24, 2025
EPS
$0.47
Est $0.45
+4.4%
Revenue
$24M
Est $24M
-2.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.61vs $0.59+3.4%
$27Mvs $27M-0.5%
Q1 2026Jan 29, 2026
$0.61vs $0.57+7.0%
$27Mvs $27M+2.4%
Q4 2025Oct 23, 2025
$0.55vs $0.47+17.0%
$25Mvs $25M-1.9%
Q3 2025Jul 24, 2025
$0.47vs $0.45+4.4%
$24Mvs $24M-2.3%
Based on last 12 quarters of dataView full earnings history →

WTBA Peer Comparison

West Bancorporation, Inc. (WTBA) competitors in Community and retail regional banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
IROQ logoIROQIF Bancorp, Inc.Direct Competitor88.98M26.5519.386.61%5.99%0.89
FBIZ logoFBIZFirst Business Financial Services, Inc.Direct Competitor470.37M56.389.306.43%14.12%0.70
MGYR logoMGYRMagyar Bancorp, Inc.Direct Competitor112.72M17.4011.1512.08%9.18%0.41
MOFG logoMOFGMidWestOne Financial Group, Inc.Direct Competitor1.02B49.31-13.93-23.13%10.02%0.21
ISBA logoISBAIsabella Bank CorporationDirect Competitor299.37M40.8315.9510.11%8.45%0.62
QCRH logoQCRHQCR Holdings, Inc.Product Competitor1.54B91.8612.221.53%11.91%0.56
SBCF logoSBCFSeacoast Banking Corporation of FloridaProduct Competitor3.06B31.3619.857.49%5.83%0.44
CFFI logoCFFIC&F Financial CorporationProduct Competitor240.93M74.008.9311.78%10.82%0.44

Compare WTBA vs Peers

West Bancorporation, Inc. (WTBA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IROQ

Most directly comparable listed peer for WTBA.

Scale Benchmark

vs FHN

Larger-name benchmark to compare WTBA against a more recognizable public peer.

Peer Set

Compare Top 5

vs IROQ, FBIZ, MGYR, MOFG

WTBA Income Statement

West Bancorporation, Inc. (WTBA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income60.06M62.06M66.43M82.83M95.06M91.74M69.03M71.36M88.98M92.51M
NII Growth %5.15%3.33%7.04%24.69%14.76%-3.49%-24.75%3.38%24.69%91.15%
Net Interest Margin %2.84%2.7%2.69%2.6%2.72%2.54%1.8%1.78%2.15%2.31%
Interest Income73.03M84.79M98.67M100.23M107.28M123.35M160.31M190.07M192.22M193.48M
Interest Expense12.98M22.73M32.24M17.4M12.22M31.61M91.27M118.7M103.24M100.97M
Loan Loss Provision0-250K600K12M-1.5M-2.5M700K1M00
Non-Interest Income8.65M7.75M8.32M9.14M9.14M10.21M9.44M7.77M6.26M6.21M
Non-Interest Income %10.59%8.38%7.77%8.36%7.85%7.64%5.56%3.93%3.16%3.11%
Total Revenue
81.68M▲ 0%
92.55M▲ 13.3%
106.99M▲ 15.6%
109.37M▲ 2.2%
116.42M▲ 6.4%
133.56M▲ 14.7%
169.75M▲ 27.1%
197.84M▲ 16.5%
198.49M▲ 0.3%
199.69M▲ 0%
Revenue Growth %13.26%13.3%15.61%2.22%6.44%14.72%27.1%16.55%0.33%0.93%
Non-Interest Expense32.27M34.99M38.41M38.59M42.79M45.05M47.99M50.69M53.83M53.9M
Efficiency Ratio39.5%37.81%35.9%35.28%36.75%33.73%28.27%25.62%27.12%26.99%
Operating Income
36.44M▲ 0%
35.07M▼ 3.8%
35.74M▲ 1.9%
41.38M▲ 15.8%
62.91M▲ 52.0%
59.4M▼ 5.6%
29.79M▼ 49.9%
27.44M▼ 7.9%
41.42M▲ 50.9%
44.82M▲ 0%
Operating Margin %44.61%37.89%33.41%37.83%54.04%44.47%17.55%13.87%20.87%22.45%
Operating Income Growth %10.58%-3.76%1.92%15.78%52.02%-5.58%-49.85%-7.87%50.92%-
Pretax Income
36.44M▲ 0%
35.07M▼ 3.8%
35.74M▲ 1.9%
41.38M▲ 15.8%
62.91M▲ 52.0%
59.4M▼ 5.6%
29.79M▼ 49.9%
27.44M▼ 7.9%
41.42M▲ 50.9%
44.86M▲ 0%
Pretax Margin %44.61%37.89%33.41%37.83%54.04%44.47%17.55%13.87%20.87%22.46%
Income Tax13.37M6.56M7.05M8.67M13.3M13M5.65M3.39M8.86M9.57M
Effective Tax Rate %36.69%18.71%19.73%20.95%21.14%21.88%18.97%12.36%21.39%21.33%
Net Income
23.07M▲ 0%
28.51M▲ 23.6%
28.69M▲ 0.6%
32.71M▲ 14.0%
49.61M▲ 51.6%
46.4M▼ 6.5%
24.14M▼ 48.0%
24.05M▼ 0.4%
32.56M▲ 35.4%
35.29M▲ 0%
Net Margin %28.24%30.8%26.81%29.91%42.61%34.74%14.22%12.16%16.4%17.67%
Net Income Growth %0.23%23.57%0.64%14.02%51.65%-6.47%-47.98%-0.36%35.38%35.3%
Net Income (Continuing)23.07M28.51M28.69M32.71M49.61M46.4M24.14M24.05M32.56M35.29M
EPS (Diluted)
1.41▲ 0%
1.74▲ 23.4%
1.74▲ 0.0%
1.98▲ 13.8%
2.95▲ 49.0%
2.76▼ 6.4%
1.44▼ 47.8%
1.42▼ 1.4%
1.92▲ 35.2%
2.07▲ 0%
EPS Growth %-0.7%23.4%0%13.79%48.99%-6.44%-47.83%-1.39%35.21%34.42%
EPS (Basic)1.421.751.751.993.002.791.441.431.92-
Diluted Shares Outstanding16.34M16.4M16.48M16.52M16.79M16.8M16.75M16.89M17.02M17.02M

WTBA Balance Sheet

West Bancorporation, Inc. (WTBA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments479.17M500.13M436.39M498.26M951.65M689.01M689.28M788.04M493.62M2.05B
Cash & Due from Banks34.95M46.37M37.81M77.69M192.82M26.54M65.36M243.48M25.17M40.02M
Short Term Investments444.22M453.76M398.58M420.57M758.82M664.12M623.92M544.57M468.45M456.41M
Total Investments1.98B2.16B2.32B2.67B3.19B3.38B3.52B3.52B3.44B456.41M
Investments Growth %17.19%8.83%7.6%15.01%19.27%6.11%4.19%-0.12%-2.26%-93.8%
Long-Term Investments1.54B1.71B1.92B2.25B2.43B2.72B2.9B2.97B3.15B9.47B
Accounts Receivables7.34M7.63M7.13M11.23M8.89M11.99M13.58M12.82M11.98M12.61M
Goodwill & Intangibles0000000000
Goodwill0000000000
Intangible Assets0000000000
PP&E (Net)23.02M21.49M29.68M29.08M34.57M53.12M86.4M109.98M108.38M107.62M
Other Assets60.6M55.66M70.7M384.74M66.44M103.48M103.01M96.51M-3.15B0
Total Current Assets486.51M507.76M443.52M509.5M960.54M701M702.86M800.87M493.62M509.04M
Total Non-Current Assets1.63B1.79B2.03B2.68B2.54B2.91B3.12B3.21B108.38M133.55M
Total Assets
2.11B▲ 0%
2.3B▲ 8.6%
2.47B▲ 7.7%
3.19B▲ 28.8%
3.5B▲ 9.9%
3.61B▲ 3.2%
3.83B▲ 5.9%
4.01B▲ 4.9%
4.14B▲ 3.2%
4.01B▲ 0%
Asset Growth %14.03%8.62%7.71%28.79%9.87%3.23%5.88%4.95%3.17%5.75%
Return on Assets (ROA)1.16%1.29%1.2%1.16%1.48%1.3%0.65%0.61%0.8%0.87%
Accounts Payable0000000000
Total Debt143.17M232.37M225.39M222.38M199.87M485.86M592.64M392.63M106.41M25M
Net Debt108.22M186M187.58M144.69M7.04M459.32M527.28M149.15M81.23M-15.02M
Long-Term Debt119.71M185.34M222.73M217.01M196.99M285.86M442.37M392.63M106.41M25M
Short-Term Debt23.46M47.02M2.66M5.38M2.88M200M150.27M0275.59M0
Other Liabilities-22.92M-27.04M000034.3M36.89M3.77B0
Total Current Liabilities1.84B1.95B2.04B2.75B3.04B3.12B3.12B3.36B3.47B0
Total Non-Current Liabilities96.79M158.3M222.73M217.01M196.99M285.86M476.67M429.52M3.88B25M
Total Liabilities1.94B2.11B2.26B2.96B3.24B3.4B3.6B3.79B3.88B3.74B
Total Equity
178.1M▲ 0%
191.02M▲ 7.3%
211.82M▲ 10.9%
223.69M▲ 5.6%
260.33M▲ 16.4%
211.11M▼ 18.9%
225.04M▲ 6.6%
227.88M▲ 1.3%
265.99M▲ 16.7%
270.74M▲ 0%
Equity Growth %7.69%7.26%10.89%5.61%16.38%-18.91%6.6%1.26%16.72%46.56%
Equity / Assets (Capital Ratio)8.42%8.32%8.56%7.02%7.44%5.84%5.88%5.68%6.42%6.75%
Return on Equity (ROE)13.43%15.45%14.24%15.02%20.5%19.68%11.07%10.62%13.19%13.67%
Book Value per Share10.9011.6512.8513.5415.5112.5713.4413.4915.6315.91
Tangible BV per Share10.9011.6512.8513.5415.5112.5713.4413.4915.6315.91
Common Stock3M3M3M3M3M3M3M3M3M3M
Additional Paid-in Capital23.46M25.13M27.26M28.82M30.18M32.02M34.2M35.62M37.23M0
Retained Earnings153.53M169.71M184.82M203.72M237.78M267.56M271.37M278.61M294.26M300.6M
Accumulated OCI-1.89M-6.81M-3.26M-11.85M-10.64M-91.47M-83.52M-89.36M-68.5M-69.41M
Treasury Stock0000000000
Preferred Stock0000000000

WTBA Cash Flow Statement

West Bancorporation, Inc. (WTBA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations29.36M34.74M36.97M42.28M57.88M59.44M25.25M39.81M46.48M46.48M
Operating CF Growth %-2.77%18.35%6.4%14.39%36.88%2.7%-57.52%57.66%16.76%65.32%
Net Income23.07M28.51M28.69M32.71M49.61M46.4M24.14M24.05M32.56M35.29M
Depreciation & Amortization5.5M6.35M5.07M3.39M3.62M4.46M5.15M6.92M05.7M
Deferred Taxes2.83M-359K-33K-3.02M82K1.58M447K2.98M064K
Other Non-Cash Items-1.28M-285K-264K11.33M-2.47M-3.46M-604K1.05M13.44M4.72M
Working Capital Changes-3.4M-2.21M512K-4.43M4.47M7.1M-6.99M2.3M475K1.84M
Cash from Investing-293.96M-188.73M-155.5M-367.16M-537.21M-357.83M-168.68M-27.34M93.3M114.52M
Purchase of Investments-341.01M-96.17M-180.17M-232.41M-481.14M-120.08M0000
Sale/Maturity of Investments156.37M121.34M245.45M215.88M126.11M79.96M53.66M68.2M028.9M
Net Investment Activity-184.65M25.17M65.29M-16.52M-355.03M-40.12M53.66M68.2M028.9M
Acquisitions0000000000
Other Investing-108.26M-213.68M-219.74M-348.32M-173.44M-296.4M-185.95M-69.41M93.3M87.03M
Cash from Financing235.72M153.51M124.35M668.02M275.72M132.11M182.25M165.65M87.83M-12.77M
Dividends Paid-11.5M-12.7M-13.58M-13.81M-15.54M-16.62M-16.7M-16.81M-16.91M-16.94M
Share Repurchases-631K-1.08M-861K-749K-1.21M-1.52M-935K-1.09M-1.13M1.13M
Stock Issued00000000084K
Net Stock Activity-631K-1.08M-861K-749K-1.21M-1.52M-935K-1.09M-1.13M1.22M
Debt Issuance (Net)-1000K1000K1000K-1000K-1000K1000K1000K-1000K-1000K-3M
Other Financing255.06M103.16M102.9M688.95M312.52M61.52M43.64M233.55M110.87M6.79M
Net Change in Cash
-28.89M▲ 0%
-475K▲ 98.4%
5.82M▲ 1324.4%
343.14M▲ 5800.0%
-203.61M▼ 159.3%
-166.29M▲ 18.3%
38.82M▲ 123.3%
178.12M▲ 358.9%
227.61M▲ 27.8%
260.17M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning76.84M47.95M47.47M53.29M396.44M192.82M26.54M65.36M243.48M0
Cash at End47.95M47.47M53.29M396.44M192.82M26.54M65.36M243.48M471.09M0
Interest Paid12.52M22.15M31.49M18.53M12.64M28.87M87.85M117M106.32M52.42M
Income Taxes Paid9.3M7.31M5.88M11.19M13.38M10.63M5.72M1.48M5.55M5.55M
Free Cash Flow
28.3M▲ 0%
34.53M▲ 22.0%
35.92M▲ 4.0%
39.97M▲ 11.3%
49.13M▲ 22.9%
38.13M▼ 22.4%
-11.14M▼ 129.2%
13.67M▲ 222.8%
43.15M▲ 215.6%
47.78M▲ 0%
FCF Growth %62.74%22.02%4.01%11.27%22.94%-22.4%-129.21%222.75%215.63%82.82%

WTBA Banking Ratios

West Bancorporation, Inc. (WTBA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)13.43%15.45%14.24%15.02%20.5%19.68%11.07%10.62%13.19%13.67%
Return on Assets (ROA)1.16%1.29%1.2%1.16%1.48%1.3%0.65%0.61%0.8%0.87%
Net Interest Margin2.84%2.7%2.69%2.6%2.72%2.54%1.8%1.78%2.15%2.31%
Efficiency Ratio39.5%37.81%35.9%35.28%36.75%33.73%28.27%25.62%27.12%26.99%
Equity / Assets8.42%8.32%8.56%7.02%7.44%5.84%5.88%5.68%6.42%6.75%
Book Value / Share10.911.6512.8513.5415.5112.5713.4413.4915.6315.91
NII Growth5.15%3.33%7.04%24.69%14.76%-3.49%-24.75%3.38%24.69%22.58%
Dividend Payout49.84%44.53%47.33%42.23%31.33%35.82%69.21%69.88%51.95%36%

WTBA SEC Filings & Documents

West Bancorporation, Inc. (WTBA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 24, 2026·SEC

Material company update

Apr 23, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

WTBA Frequently Asked Questions

West Bancorporation, Inc. (WTBA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

West Bancorporation, Inc. (WTBA) grew revenue by 0.3% over the past year. Growth has been modest.

Yes, West Bancorporation, Inc. (WTBA) is profitable, generating $35.3M in net income for fiscal year 2025 (16.4% net margin).

Dividend & Returns

Yes, West Bancorporation, Inc. (WTBA) pays a dividend with a yield of 4.17%. This makes it attractive for income-focused investors.

West Bancorporation, Inc. (WTBA) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.

Industry Metrics

West Bancorporation, Inc. (WTBA) has a net interest margin (NIM) of 2.1%. NIM has been under pressure due to interest rate environment.

West Bancorporation, Inc. (WTBA) has an efficiency ratio of 27.1%. This is excellent, indicating strong cost control.

Explore More WTBA

West Bancorporation, Inc. (WTBA) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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