WTBA

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West Bancorporation

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Key Metrics

Previous Close: $28.12
52-Week Range: $18.76 – $30.33
Market Cap: $485.06M
P/E (TTM): 12.48
EPS (TTM): 2.28
Dividend Yield: 3.70%

Advanced Metrics

Price/Book: 1.73
PEG Ratio: —
Return on Equity: 14.71%
Return on Assets: 0.95%
Gross Margin: 0.00%
Operating Margin: 52.62%
Profit Margin: 37.13%
Current Ratio: —
Debt/Equity: —
Total Debt: $384.37M
Free Cash Flow: —
Revenue Growth: 18.00%
Earnings Growth: 36.20%
Enterprise Value: $421.24M

WTBA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$101.95M	$79.10M	$79.13M	$94.48M
Selling, General & Admin	$27.65M	$28.81M	$31.89M	$33.54M
Pretax Income	$59.40M	$29.79M	$27.44M	$41.42M
Income Tax	$13.00M	$5.65M	$3.39M	$8.86M
Net Income	$46.40M	$24.14M	$24.05M	$32.56M
Diluted EPS	2.76	1.44	1.42	1.92
Diluted Shares	16.81M	16.76M	16.94M	16.96M

WTBA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$26.54M	$65.36M	$243.48M	$349.67M
Receivables	$11.99M	$13.58M	$12.82M	$11.98M
Total Assets	$3.61B	$3.83B	$4.01B	$4.14B
Long-Term Debt	$285.86M	$442.37M	$392.63M	$376.41M
Total Debt	$285.86M	$442.37M	$392.63M	$376.41M
Total Liabilities	$3.40B	$3.60B	$3.79B	$3.88B
Retained Earnings	$267.56M	$271.37M	$278.61M	$294.26M
Shareholders' Equity	$211.11M	$225.04M	$227.88M	$265.99M
Net Debt	$259.32M	$377.01M	$149.15M	$26.73M

WTBA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$59.44M	$25.25M	$39.81M	$46.48M
Capital Expenditure	-$21.31M	-$36.39M	-$26.14M	-$3.33M
Free Cash Flow	$38.13M	-$11.14M	$13.67M	$43.15M
Depreciation & Amortisation	$4.46M	$5.15M	$6.92M	$7.59M
Stock-Based Compensation	$3.36M	$3.11M	$2.51M	$2.74M
Investing Cash Flow	-$357.83M	-$168.68M	-$27.34M	$93.30M
Financing Cash Flow	$132.11M	$182.25M	$165.65M	$87.83M
Dividends Paid	-$16.62M	-$16.70M	-$16.81M	-$16.91M
Share Repurchases	-$1.52M	-$935.00K	-$1.09M	-$1.13M
Net Change in Cash	-$166.29M	$38.82M	$178.12M	$227.61M

WTBA Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$23.65M	$24.82M	$23.12M	$26.70M	$27.90M
Selling, General & Admin	$8.33M	$8.50M	$8.41M	$8.38M	$8.70M
Pretax Income	$10.34M	$11.45M	$9.59M	$13.47M	$14.35M
Income Tax	$2.37M	$2.14M	$2.16M	$2.90M	$3.28M
Net Income	$7.98M	$9.31M	$7.42M	$10.57M	$11.07M
Diluted EPS	0.47	0.55	0.43	0.61	0.64
Diluted Shares	17.01M	16.93M	17.27M	17.21M	17.20M

WTBA Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$248.25M	$136.14M	$349.67M	$220.24M	$291.62M
Receivables	$12.63M	$13.37M	$11.98M	$12.61M	$11.26M
Total Assets	$4.06B	$3.99B	$4.14B	$4.01B	$4.03B
Long-Term Debt	$390.26M	$389.08M	$376.41M	$375.22M	$374.04M
Total Debt	$390.26M	$389.08M	$376.41M	$375.22M	$374.04M
Total Liabilities	$3.82B	$3.73B	$3.88B	$3.74B	$3.75B
Retained Earnings	$285.99M	$291.07M	$294.26M	$300.60M	$307.41M
Shareholders' Equity	$240.93M	$255.13M	$265.99M	$270.74M	$281.04M
Net Debt	$142.01M	$252.94M	$26.73M	$154.99M	$82.42M

WTBA Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$13.53M	$11.41M	$11.79M	$12.88M	$14.37M
Capital Expenditure	-$764.00K	-$649.00K	-$421.00K	-$497.00K	-$293.00K
Free Cash Flow	$12.76M	$10.76M	$11.37M	$12.39M	$14.07M
Depreciation & Amortisation	$1.90M	$1.91M	$1.91M	$1.89M	$1.92M
Stock-Based Compensation	$701.00K	$700.00K	$758.00K	$600.00K	$759.00K
Investing Cash Flow	$59.08M	-$32.72M	$69.89M	$18.27M	$52.94M
Financing Cash Flow	$61.99M	-$90.96M	$156.47M	-$140.26M	$4.42M
Dividends Paid	-$4.24M	-$4.24M	-$4.24M	-$4.24M	-$4.26M
Net Change in Cash	$134.59M	-$112.27M	$238.15M	-$109.11M	$71.72M

Market Snapshot

About

West Bancorporation is a financial holding company for West Bank, a community bank providing traditional banking services to businesses and individuals in central Iowa. The bank focuses on commercial real estate lending, agricultural lending, and community banking services with an emphasis on relationship-based customer service.