$WTBA Market Cap: $401.1 Million
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Financial Snapshot

Revenue
$140.8M
TTM
Gross Margin
Net Earnings
$16.95M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
$4.015B
Q4 2024
Total Liabilities
$3.787B
Q4 2024
Book Value
$227.9M
Q4 2024
Cash
$243.5M
Q4 2024
P/E
23.66
Nov 29, 2024 EST
Free Cash Flow
$5.488M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $190.1M $160.3M $123.3M $107.3M $100.2M $98.68M $84.79M $73.03M $64.99M $60.15M $55.30M $52.74M $50.66M $53.32M $61.14M
YoY Change 18.57% 29.96% 14.98% 7.03% 1.58% 16.37% 16.1% 12.37% 8.06% 8.76% 4.85% 4.1% -4.98% -12.8%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $190.1M $160.3M $123.3M $107.3M $100.2M $98.68M $84.79M $73.03M $64.99M $60.15M $55.30M $52.74M $50.66M $53.32M $61.14M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.723M $1.856M $1.498M $1.504M $1.499M $1.429M $1.408M $1.347M $1.046M $921.0K $853.0K $786.0K $697.0K $612.0K $582.0K $688.0K $690.0K $660.0K $910.0K $550.0K $360.0K $250.0K $170.0K $150.0K $130.0K
YoY Change 100.59% 23.9% -0.4% 0.33% 4.9% 1.49% 4.53% 28.78% 13.57% 7.97% 8.52% 12.77% 13.89% 5.15% -15.41% -0.29% 4.55% -27.47% 65.45% 52.78% 44.0% 47.06% 13.33% 15.38% 8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Interest Expense $91.27M $31.61M $12.22M $17.40M $32.25M $22.74M $12.98M $7.876M $5.993M $6.156M $7.058M $9.464M $11.92M $19.02M $26.64M
YoY Change 188.76% 158.64% -29.76% -46.04% 41.83% 75.19% 64.77% 31.42% -2.65% -12.78% -25.42% -20.58% -37.35% -28.58%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Pretax Income $27.44M $29.79M $59.40M $62.91M $41.38M $35.74M $35.07M $36.44M $32.95M $31.44M $26.69M $24.21M $22.78M $21.34M $18.71M -$12.41M $8.700M $26.40M $28.50M $29.50M $28.20M $26.10M $25.50M $24.40M $22.50M
YoY Change -7.87% -49.85% -5.58% 52.02% 15.78% 1.92% -3.76% 10.58% 4.81% 17.8% 10.24% 6.31% 6.72% 14.04% -250.83% -242.61% -67.05% -7.37% -3.39% 4.61% 8.05% 2.35% 4.51% 8.44% -3.85%
Income Tax $3.393M $5.649M $13.00M $13.30M $8.669M $7.052M $6.560M $13.37M $9.936M $9.697M $6.649M $7.320M $6.764M $6.072M $5.330M -$7.400M $1.400M $8.100M $9.100M $9.400M $9.600M $8.800M $9.100M $8.700M $8.000M
% Of Pretax Income 12.36% 18.97% 21.88% 21.14% 20.95% 19.73% 18.71% 36.69% 30.15% 30.84% 24.91% 30.23% 29.7% 28.45% 28.48% 16.09% 30.68% 31.93% 31.86% 34.04% 33.72% 35.69% 35.66% 35.56%
Net Earnings $24.05M $24.14M $46.40M $49.61M $32.71M $28.69M $28.51M $23.07M $23.02M $21.74M $20.04M $16.89M $16.01M $15.27M $13.38M -$14.62M $7.600M $18.90M $19.40M $20.10M $18.60M $17.30M $16.40M $15.70M $14.40M
YoY Change -0.36% -47.98% -6.47% 51.65% 14.02% 0.64% 23.57% 0.23% 5.86% 8.49% 18.64% 5.5% 4.87% 14.09% -191.56% -292.33% -59.79% -2.58% -3.48% 8.06% 7.51% 5.49% 4.46% 9.03% -4.0%
Net Earnings / Revenue 12.65% 15.06% 37.62% 46.24% 32.64% 29.08% 33.62% 31.59% 35.41% 36.15% 36.24% 32.03% 31.6% 28.64% 21.89%
Basic Earnings Per Share $1.43 $1.44 $2.79 $3.00 $1.99 $1.75 $1.75 $1.42 $1.43 $1.35 $1.25 $1.02 $0.92 $0.74 $0.64
Diluted Earnings Per Share $1.42 $1.44 $2.760M $2.95 $1.98 $1.74 $1.74 $1.41 $1.42 $1.35 $1.25 $1.02 $0.92 $0.74 $0.64 -$839.1K $436.8K $1.080M $1.109M $1.149M $1.057M $977.4K $926.6K $887.0K $813.6K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $86.40M $53.12M $34.60M $29.10M $29.70M $21.50M $23.00M $23.30M $11.60M $10.00M $7.500M $5.600M $5.400M $5.100M $5.300M $4.600M $5.200M $5.400M $5.700M $4.300M $3.700M $1.400M $1.100M $1.100M
YoY Change 62.64% 53.54% 18.9% -2.02% 38.14% -6.52% -1.29% 100.86% 16.0% 33.33% 33.93% 3.7% 5.88% -3.77% 15.22% -11.54% -3.7% -5.26% 32.56% 16.22% 164.29% 27.27% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.30M $36.61M $10.80M $11.30M $5.400M $6.500M $4.600M $7.000M $6.700M $6.300M $9.200M $7.000M $8.400M $11.20M $12.80M $20.20M
YoY Change -6.3% 238.97% -4.42% 109.26% -16.92% 41.3% -34.29% 4.48% 6.35% -31.52% 31.43% -16.67% -25.0% -12.5% -36.63%
Total Long-Term Assets
YoY Change
Total Assets $3.826B $3.613B $3.500B $3.186B $2.474B $2.297B $2.114B $1.854B $1.748B $1.616B $1.442B $1.448B $1.270B $1.306B $1.575B $1.554B $1.340B $1.269B $1.244B $1.148B $1.001B $886.1M $816.0M $827.9M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $34.30M $35.84M $24.00M $38.70M $21.70M $5.700M $5.200M $7.100M $6.400M $6.000M $6.400M $8.900M $7.200M $7.300M $14.20M $12.10M $6.300M $3.800M $2.000M $3.100M $3.400M $4.000M
YoY Change -4.31% 49.35% -37.98% 78.34% 280.7% 9.62% -26.76% 10.94% 6.67% -6.25% -28.09% 23.61% -1.37% 17.36% 92.06% 65.79% 90.0% -35.48% -8.82% -15.0%
Deferred Revenue
YoY Change
Short-Term Debt $150.3M $200.0M $2.900M $5.400M $2.700M $20.00M $500.0K $9.700M $2.800M $3.000M $16.60M $55.60M $55.80M $52.10M $40.30M $93.10M $166.9M $109.3M $84.70M $74.50M $85.40M $127.4M $107.8M $154.1M
YoY Change -24.87% 6796.55% -46.3% 100.0% -86.5% 3900.0% -94.85% 246.43% -6.67% -81.93% -70.14% -0.36% 7.1% 29.28% -56.71% -44.22% 52.7% 29.04% 13.69% -12.76% -32.97% 18.18% -30.05%
Long-Term Debt Due $5.000M $3.750M $0.00 $2.500M $1.400M $2.600M $2.600M
YoY Change 33.33% -100.0% 78.57% -46.15% 0.0%
Total Short-Term Liabilities $184.6M $35.84M $24.00M $41.20M $23.10M $8.300M $7.800M $7.100M $6.400M $6.000M $6.400M $8.900M $7.200M $7.300M $40.30M $93.10M $14.20M $12.10M $6.300M $3.800M $2.000M $3.100M $3.400M $4.000M
YoY Change 414.94% 49.35% -41.75% 78.35% 178.31% 6.41% 9.86% 10.94% 6.67% -6.25% -28.09% 23.61% -1.37% -81.89% -56.71% 555.63% 17.36% 92.06% 65.79% 90.0% -35.48% -8.82% -15.0%
Long-Term Debt $127.4M $130.9M $72.00M $39.50M $42.00M $44.90M $40.70M $25.50M $28.80M $33.30M $36.60M $20.60M $20.60M $20.60M $20.60M $0.00 $20.60M $20.60M $30.10M $20.60M $21.60M $0.00 $0.00 $0.00
YoY Change -2.67% 81.74% 82.28% -5.95% -6.46% 10.32% 59.61% -11.46% -13.51% -9.02% 77.67% 0.0% 0.0% 0.0% -100.0% 0.0% -31.56% 46.12% -4.63%
Other Long-Term Liabilities $6.900M $10.10M
YoY Change -31.68%
Total Long-Term Liabilities $127.4M $130.9M $72.00M $39.50M $42.00M $44.90M $40.70M $25.50M $28.80M $33.30M $36.60M $20.60M $20.60M $20.60M $27.50M $10.10M $20.60M $20.60M $30.10M $20.60M $21.60M $0.00 $0.00 $0.00
YoY Change -2.67% 81.74% 82.28% -5.95% -6.46% 10.32% 59.61% -11.46% -13.51% -9.02% 77.67% 0.0% 0.0% -25.09% 172.28% -50.97% 0.0% -31.56% 46.12% -4.63%
Total Liabilities $3.601B $3.402B $3.240B $2.962B $2.262B $2.106B $1.936B $1.689B $1.596B $1.476B $1.319B $1.314B $1.146B $1.160B $1.442B $1.404B $1.218B $1.155B $1.140B $1.051B $907.7M $800.3M $737.0M $757.0M
YoY Change 5.84% 5.01% 9.38% 30.95% 7.43% 8.74% 14.66% 5.81% 8.15% 11.9% 0.4% 14.61% -1.2% -19.56% 2.69% 15.25% 5.52% 1.3% 8.48% 15.77% 13.42% 8.59% -2.64%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Basic Shares Outstanding 16.81M shares 16.70M shares 16.62M shares 16.53M shares 16.45M shares 16.36M shares 16.28M shares 16.19M shares 16.12M shares 16.05M shares 16.00M shares 16.58M shares 17.40M shares 17.40M shares 17.40M shares
Diluted Shares Outstanding 16.90M shares 16.75M shares 16.80M shares 16.79M shares 16.52M shares 16.48M shares 16.40M shares 16.34M shares 16.17M shares 16.10M shares 16.04M shares 16.63M shares 17.44M shares 17.40M shares 17.40M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $401.12 Million

About WEST BANCORPORATION INC

West Bancorp, Inc. is a financial holding company, which engages in the provision of commercial banking services through its subsidiary, West Bank. The company is headquartered in West Des Moines, Iowa and currently employs 181 full-time employees. The firm owns West Bank (the Bank), which is a business-focused community bank. The Bank provides full-service community banking and trust services to customers. The Bank offers range of credit to its customers, including commercial, real estate, and consumer loans. The company also offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. The firm operates in the markets, including central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St. Cloud. The Bank offers a full range of deposit services, including checking, savings and money market accounts and time certificates of deposit. The company also offers online banking, mobile banking, and treasury management services.

Industry: State Commercial Banks Peers: AMERICAN NATIONAL BANKSHARES INC. Carter Bankshares, Inc. MVB FINANCIAL CORP PEOPLES FINANCIAL SERVICES CORP. PNC FINANCIAL SERVICES GROUP, INC. RED RIVER BANCSHARES INC SHORE BANCSHARES INC SUMMIT FINANCIAL GROUP, INC.