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Financials · WTBA

West Bancorporation (WTBA) financials

For the twelve months ended Sep 30, 2026, West Bancorporation reported $107.48M of revenue and $40.70M of net income.

Revenue, TTM
$107.48M
Revenue growth, YoY
+15.8%
Net income, TTM
$40.70M
Net income growth, YoY
+26.3%
Net margin
37.9%
Free cash flow, TTM
$53.40M
EPS, diluted, TTM
$2.36
EPS growth, YoY
+24.9%
Cash
$272.42M
P/E
13.01
P/S
4.93
Market cap
$529.5M
Annual revenue$95.25M
FY2016FY2025
Annual net income$32.56M
FY2016FY2025
Annual free cash flow$43.15M
FY2016FY2025

WTBA revenue and earnings growth

WTBA revenueQ3 2026$29.11M

Quarter YoY
+16.4%
QoQ
+3.5%
FY YoY
+19.4%
5Y CAGR
+0.6%
10Y CAGR
+4.3%

WTBA revenue was $29.11M in fiscal Q3 2026 (ended Sep 30, 2026), up 16.4% from a year earlier and up 3.5% from the prior quarter. For the full fiscal 2025 it was $95.25M, up 19.4% from fiscal 2024. Compound annual growth was +0.6% over 5 years and +4.3% over 10 years. It rose in 8 of the last 10 fiscal years.

WTBA net incomeQ3 2026$11.63M

Quarter YoY
+24.8%
QoQ
+5.0%
FY YoY
+35.4%
5Y CAGR
-0.1%
10Y CAGR
+4.1%

WTBA net income was $11.63M in fiscal Q3 2026 (ended Sep 30, 2026), up 24.8% from a year earlier and up 5.0% from the prior quarter. For the full fiscal 2025 it was $32.56M, up 35.4% from fiscal 2024. Compound annual growth was -0.1% over 5 years and +4.1% over 10 years. It rose in 7 of the last 10 fiscal years.

WTBA EPSQ3 2026$0.67

Quarter YoY
+21.8%
QoQ
+4.7%
FY YoY
+35.2%
5Y CAGR
-0.6%
10Y CAGR
+3.6%

WTBA diluted EPS was $0.67 in fiscal Q3 2026 (ended Sep 30, 2026), up 21.8% from a year earlier and up 4.7% from the prior quarter. For the full fiscal 2025 it was $1.92, up 35.2% from fiscal 2024. Compound annual growth was -0.6% over 5 years and +3.6% over 10 years.

WTBA free cash flowQ3 2026$15.57M

Quarter YoY
+44.7%
QoQ
+10.6%
FY YoY
+215.6%
5Y CAGR
+1.5%
10Y CAGR
+4.2%

WTBA free cash flow was $15.57M in fiscal Q3 2026 (ended Sep 30, 2026), up 44.7% from a year earlier and up 10.6% from the prior quarter. For the full fiscal 2025 it was $43.15M, up 215.6% from fiscal 2024. Compound annual growth was +1.5% over 5 years and +4.2% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$95.25M$79.80M$79.10M$101.95M$104.79M$92.44M$74.75M$69.81M$68.70M$65.10M
Interest expense--$91.27M$31.61M$12.22M$17.40M$32.24M$22.73M$12.98M$7.88M
Pre-tax income$41.42M$27.44M$29.79M$59.40M$62.91M$41.38M$35.74M$35.07M$36.44M$32.95M
Income tax$8.86M$3.39M$5.65M$13.00M$13.30M$8.67M$7.05M$6.56M$13.37M$9.94M
Net income$32.56M$24.05M$24.14M$46.40M$49.61M$32.71M$28.69M$28.51M$23.07M$23.02M
EPS, basic$1.92$1.43$1.44$2.79$3.00$1.99$1.75$1.75$1.42$1.43
EPS, diluted$1.92$1.42$1.44$2.76$2.95$1.98$1.74$1.74$1.41$1.42
Diluted shares17.0M16.9M16.8M16.8M16.8M16.5M16.5M16.4M16.3M16.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$471.09M$243.48M$65.36M$26.54M$192.82M$396.44M$53.29M---
Total assets$4.14B$4.01B$3.83B$3.61B$3.50B$3.19B$2.47B$2.30B$2.11B$1.85B
Short-term debt---------$0
Total debt----$51.52M$21.56M$22.93M$27.04M$22.92M$5.13M
Total liabilities$3.88B$3.79B$3.60B$3.40B$3.24B$2.96B$2.26B$2.11B$1.94B$1.69B
Shareholders' equity$265.99M$227.88M$225.04M$211.11M$260.33M$223.69M$211.82M$191.02M$178.10M$165.38M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$46.48M$39.81M$25.25M$59.44M$57.88M$42.28M$36.97M$34.74M$29.36M$30.30M
Capital expenditures$3.33M$26.14M$36.39M$21.31M$8.74M$2.32M$1.05M$210.0K$1.05M$12.80M
Free cash flow$43.15M$13.67M-$11.14M$38.13M$49.13M$39.97M$35.92M$34.53M$28.30M$17.50M
Investing cash flow$93.30M-$27.34M-$168.68M-$357.83M-$537.21M-$367.16M-$155.50M-$188.73M-$293.96M-$105.44M
Financing cash flow$87.83M$165.65M$182.25M$132.11M$275.72M$668.02M$124.35M$153.51M$235.72M$79.33M
Dividends paid$16.91M$16.81M$16.70M$16.62M$15.54M$13.81M$13.58M$12.70M$11.50M$10.80M
Stock-based compensation$2.74M$2.51M$3.11M$3.36M$2.57M$2.31M$2.99M$2.74M$2.63M$1.68M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY19.4%0.9%-22.4%-2.7%13.4%23.7%7.1%1.6%5.5%4.4%
Net income growth, YoY35.4%-0.4%-48.0%-6.5%51.6%14.0%0.6%23.6%0.2%5.9%
EPS growth, YoY35.2%-1.4%-47.8%-6.4%49.0%13.8%0.0%23.4%-0.7%5.2%
Net margin34.2%30.1%30.5%45.5%47.3%35.4%38.4%40.8%33.6%35.4%
Free cash flow margin45.3%17.1%-14.1%37.4%46.9%43.2%48.1%49.5%41.2%26.9%
Return on equity12.2%10.6%10.7%22.0%19.1%14.6%13.5%14.9%13.0%13.9%
Return on assets0.8%0.6%0.6%1.3%1.4%1.0%1.2%1.2%1.1%1.2%
Debt to equity----0.200.100.110.140.130.03

Source: XBRL data West Bancorporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WTBA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WTBA$107.48M+15.8%$40.70M37.9%$529.5M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

WTBA FAQ

8 questions
  • What is WTBA revenue?
    West Bancorporation (WTBA) reported $107.48M of revenue for the twelve months ended Sep 30, 2026. That is up 15.8% from the year before. Revenue for fiscal 2025 was $95.25M.
  • Is WTBA profitable?
    Yes. West Bancorporation earned $40.70M in net income for the twelve months ended Sep 30, 2026, a net margin of 37.9%.
  • How much cash and debt does WTBA have?
    West Bancorporation reported $272.42M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WTBA revenue growing?
    West Bancorporation's revenue changed +19.4% in fiscal 2025, to $95.25M. Its compound annual growth rate was +0.6% over 5 years and +4.3% over 10 years.
  • What is WTBA free cash flow?
    West Bancorporation generated $53.40M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $54.75M less capital expenditures.
  • What is WTBA earnings per share?
    Diluted earnings per share were $2.36 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WTBA last report financial results?
    The latest statements here come from West Bancorporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this WTBA financial data come from?
    Quantisnow builds these statements from the structured XBRL data West Bancorporation files with the SEC. It is provided for information only and is not investment advice.