West Bancorporation, Inc. (WTBA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WTBA Revenue Growth
Revenue Breakdown (FY 2025)
WTBA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
WTBA Revenue Analysis (2014–2025)
As of May 8, 2026, West Bancorporation, Inc. (WTBA) generated trailing twelve-month (TTM) revenue of $199.7 million, reflecting modest growth of +3.7% year-over-year. The most recent quarter (Q1 2026) recorded $49.9 million in revenue, up 3.4% sequentially.
Looking at the longer-term picture, WTBA's 5-year compound annual growth rate (CAGR) stands at +12.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $198.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows WTBA's business is primarily driven by Fiduciary and Trust (47%), Deposit Account (27%), and Debit Card (26%).
When compared to Financial Services sector peers including IROQ, FBIZ, and MGYR. Compare WTBA vs IROQ →
WTBA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WTBACurrent | $200M | +3.7% | +12.7% | 20.9% | |
 IROQ | $48M | - | - | 12.2% | |
 FBIZ | $279M | - | - | 21.6% | |
 MGYR | $58M | - | - | 23.6% | |
 MOFG | $206M | - | - | -40.8% | |
 ISBA | $112M | - | - | 19.8% |
WTBA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $198.5M | - | $95.2M | 48.0% | $41.4M | 20.9% |
| 2024 | $197.8M | - | $78.1M | 39.5% | $27.4M | 13.9% |
| 2023 | $169.7M | - | $77.8M | 45.8% | $29.8M | 17.5% |
| 2022 | $133.6M | - | $104.4M | 78.2% | $59.4M | 44.5% |
| 2021 | $116.4M | - | $105.7M | 90.8% | $62.9M | 54.0% |
| 2020 | $109.4M | - | $80.0M | 73.1% | $41.4M | 37.8% |
| 2019 | $107.0M | - | $74.1M | 69.3% | $35.7M | 33.4% |
| 2018 | $92.5M | - | $70.1M | 75.7% | $35.1M | 37.9% |
| 2017 | $81.7M | - | $68.7M | 84.1% | $36.4M | 44.6% |
| 2016 | $72.1M | - | $63.2M | 87.7% | $33.0M | 45.7% |
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Start ComparisonWTBA — Frequently Asked Questions
Quick answers to the most common questions about buying WTBA stock.
Is WTBA's revenue growth accelerating or slowing?
WTBA revenue growth slowed to +3.7%, below the 5-year CAGR of +12.7%. TTM revenue is $200M. The deceleration marks a shift from historical growth rates.
What is WTBA's long-term revenue growth rate?
West Bancorporation, Inc.'s 5-year revenue CAGR of +12.7% reflects the variable expansion pattern. Current YoY growth of +3.7% is near this long-term average.
How is WTBA's revenue distributed by segment?
WTBA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.