West Bancorporation Inc - Understand $wtba stock

$WTBA Market Cap: $346.2 Million

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Financial Snapshot

Revenue

$133.2M

TTM

Gross Margin

Net Earnings

$21.43M

TTM

Current Assets

Current Liabilities

$120.3M

Q2 2024

Current Ratio

Total Assets

$3.965B

Q2 2024

Total Liabilities

$3.741B

Q2 2024

Book Value

$223.9M

Q2 2024

Cash

$149.8M

Q2 2024

P/E

16.16

Oct 17, 2024 EST

Free Cash Flow

-$7.873M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	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	$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	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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	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	$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	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 %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
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	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	$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	-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	$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	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	$24.14M	$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	-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	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	$1.44	$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	$1.44	$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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

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

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	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

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	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	16.75M 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

Stock Price

Market Cap: $346.25 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.