West Bancorporation Inc (WTBA) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, West Bancorporation reported revenue of $95.2M, up 19.4% from $79.8M the year before. Net income was $32.6M (a 34.2% net margin), or $1.92 per diluted share. Net interest income was $89.0M, and the efficiency ratio (noninterest expense / revenue) was 56.5%. Operating activities generated $46.5M of cash, leaving $43.2M of free cash flow. At fiscal year end, West Bancorporation held $4.14B in total assets against $3.88B in total liabilities.
Open the full interactive West Bancorporation financials → Quarterly statements, key ratios, valuation history and price charts.
West Bancorporation Key Stats
| Share Price | $28.75 |
|---|---|
| Market Cap | $494.5M |
| P/E Ratio | 15.0 |
| Revenue YoY Growth | +19.4% |
| 52-Week Range | $18.38 – $30.08 |
| Shares Outstanding | 17.0 million (basic, 2026 Q2) |
West Bancorporation Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $82.8M | $95.1M | $91.7M | $69.0M | $71.4M | $89.0M |
| Provision for Credit Losses | $12.0M | -$1.5M | -$2.5M | $700,000 | $1.0M | $0 |
| Noninterest Income | $9.6M | $9.7M | $10.2M | $10.1M | $8.4M | $6.3M |
| Noninterest Expense | $39.1M | $43.4M | $45.1M | $48.6M | $51.4M | $53.8M |
| Revenue | $92.4M | $104.8M | $101.9M | $79.1M | $79.8M | $95.2M |
| Pre-Tax Income | $41.4M | $62.9M | $59.4M | $29.8M | $27.4M | $41.4M |
| Income Tax | $8.7M | $13.3M | $13.0M | $5.6M | $3.4M | $8.9M |
| Net Income | $32.7M | $49.6M | $46.4M | $24.1M | $24.1M | $32.6M |
| Diluted EPS | $1.98 | $2.95 | $2.76 | $1.44 | $1.42 | $1.92 |
West Bancorporation Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $25.0M | $23.3M | $26.9M | $28.1M |
| Net Income | $9.3M | $7.4M | $10.6M | $11.1M |
| Diluted EPS | $0.55 | $0.44 | $0.61 | $0.64 |
West Bancorporation Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $2.25B | $2.43B | $2.72B | $2.90B | — | — |
| Total Assets | $3.19B | $3.50B | $3.61B | $3.83B | $4.01B | $4.14B |
| Deposits | $2.70B | $3.02B | $2.88B | $2.97B | $3.36B | $3.47B |
| Total Long-Term Debt | $21.6M | $51.5M | $130.9M | $127.4M | $122.6M | $106.4M |
| Total Liabilities | $2.96B | $3.24B | $3.40B | $3.60B | $3.79B | $3.88B |
| Shareholders' Equity | $223.7M | $260.3M | $211.1M | $225.0M | $227.9M | $266.0M |
West Bancorporation Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $42.3M | $57.9M | $59.4M | $25.2M | $39.8M | $46.5M |
| Cash From Investing | -$367.2M | -$537.2M | -$357.8M | -$168.7M | -$27.3M | $93.3M |
| Cash From Financing | $668.0M | $275.7M | $132.1M | $182.3M | $165.7M | $87.8M |
| Free Cash Flow | $40.0M | $49.1M | $38.1M | -$11.1M | $13.7M | $43.2M |
Figures from West Bancorporation's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full West Bancorporation financials page for every line item.
West Bancorporation Company Profile
| Ticker | WTBA |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | West Des Moines, Iowa |
| Incorporated in | Iowa |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001166928 |
Frequently Asked Questions
What was West Bancorporation's revenue in fiscal 2025?
West Bancorporation (WTBA) reported revenue of $95.2M for fiscal 2025.
What is West Bancorporation's annual revenue history?
West Bancorporation's annual revenue by fiscal year: 2020: $92.4M; 2021: $104.8M; 2022: $101.9M; 2023: $79.1M; 2024: $79.8M; 2025: $95.2M.
What was West Bancorporation's net income in fiscal 2025?
West Bancorporation reported net income of $32.6M for fiscal 2025.
What was West Bancorporation's earnings per share (EPS) in fiscal 2025?
West Bancorporation's diluted EPS was $1.92 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did West Bancorporation generate in fiscal 2025?
West Bancorporation generated $43.2M of free cash flow in fiscal 2025.
What was West Bancorporation's revenue last quarter?
In its most recent reported quarter (2026 Q2), West Bancorporation reported revenue of $28.1M.
How much debt does West Bancorporation have?
West Bancorporation reported $106.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of West Bancorporation are outstanding?
West Bancorporation reported a weighted average of 17.0 million basic shares outstanding in 2026 Q2.
What is West Bancorporation's market cap?
Based on its latest closing price, West Bancorporation (WTBA) has a market capitalization of about $494.5M.
When does West Bancorporation's fiscal year end?
West Bancorporation's fiscal year end, as registered with the SEC, is December 31.
Where is West Bancorporation headquartered?
West Bancorporation lists its business address in West Des Moines, Iowa in its SEC filings.