West Bancorporation (WTBA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WTBA SEC filings page.
West Bancorporation (WTBA) reported $107.5M in revenue over the twelve months to Sep 30, 2026, up 15.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 earnings recovery came with stronger cash generation, but the balance sheet remains heavily liability-funded.
The rebound in reported earnings was accompanied by operating cash flow and free cash flow improvements from FY2023 to FY2025: they rose84.1% and215.6% , respectively, showing cash broadly followed profits. However, capital expenditures fell90.9% over the same span, so the free-cash-flow improvement also reflects a much lighter reinvestment load rather than operations alone.
At FY2025 year-end, liabilities were
FY2025 revenue recovered to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of West Bancorporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
West Bancorporation earned a return on assets of 0.8% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.6% the prior year. Earnings ranks banks on that return over three years, and West Bancorporation scores 34/100 among other banks.
West Bancorporation reported revenue of $95.2M in fiscal year 2025, against $79.8M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and West Bancorporation scores 58/100 among other banks.
West Bancorporation funded 6.4% of its assets with shareholders' equity at the end of fiscal year 2025, holding $266.0M of equity against $4.1B of assets. Capital ranks banks on that cushion, and West Bancorporation scores 7/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. West Bancorporation scores 65/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. West Bancorporation scores 99/100 on it among other banks.
West Bancorporation reported net income of $32.6M in fiscal year 2025, against $24.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and West Bancorporation scores 44/100 among other banks.
West Bancorporation passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
Key Financial Metrics
Earnings & Revenue
West Bancorporation generated $29.1M in revenue in Q3 2026. This represents an increase of 16.4% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
West Bancorporation reported $11.6M in net income in Q3 2026. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
West Bancorporation earned $0.67 per diluted share (EPS) in Q3 2026. This represents an increase of 21.8% from the same quarter a year earlier. Against the prior quarter it is up 4.7%.
Not reported for Q3 2026.
Cash & Balance Sheet
West Bancorporation generated $15.6M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 44.7% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.
West Bancorporation held $272.4M in cash as of Q3 2026; no long-term debt figure is on record for that period.
West Bancorporation paid $0.26 per share in dividends in Q3 2026. This represents an increase of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.
Margins & Returns
West Bancorporation's net profit margin was 39.9% in Q3 2026, showing the share of revenue converted to profit. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
West Bancorporation's quarterly ROE was 4.3% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
West Bancorporation invested $136K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 79.0% from the same quarter a year earlier. Against the prior quarter it is down 53.6%.
Not reported for Q3 2026.
Not reported for Q3 2026.
WTBA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.1M+16.4% | $28.1M+18.0% | $26.9M+16.6% | $23.3M+11.8% | $25.0M+23.1% | $23.8M+21.7% | $23.1M+21.3% | $20.9M+14.2% |
| Interest Expense | $22.8M-13.6% | $23.0M-13.5% | $23.0M-9.0% | $25.0M-16.4% | $26.4M-13.8% | $26.5M-12.5% | $25.3M-9.1% | $29.9M+13.6% |
| Income Tax | $3.5M+64.8% | $3.3M+38.6% | $2.9M+32.3% | $2.2Mn/m | $2.1M+45.1% | $2.4M+98.7% | $2.2M+59.8% | -$644K-160.0% |
| Net Income | $11.6M+24.8% | $11.1M+38.8% | $10.6M+34.8% | $7.4M+4.6% | $9.3M+56.5% | $8.0M+53.7% | $7.8M+35.0% | $7.1M+56.8% |
| EPS (Basic) | $0.68+23.6% | $0.65+38.3% | $0.62+31.9% | $0.43+2.4% | $0.55+57.1% | $0.47+51.6% | $0.47+34.3% | $0.42+55.6% |
| EPS (Diluted) | $0.67+21.8% | $0.64+36.2% | $0.61+32.6% | $0.44+4.8% | $0.55+57.1% | $0.47+51.6% | $0.46+31.4% | $0.42+55.6% |
| Diluted Shares (Avg) | 17M+1.7% | 17M+1.1% | 17M+0.8% | N/A | 17M+0.6% | 17M+0.9% | 17M+1.7% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
WTBA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9B-2.4% | $4.0B-0.7% | $4.0B+0.6% | $4.1B+3.2% | $4.0B-0.1% | $4.1B+2.3% | $4.0B+0.6% | $4.0B+4.9% |
| Cash & Equivalents | $272.4M+17.0% | $433.7M+25.6% | $362.0M+71.9% | $471.1M+93.5% | $232.9M+47.6% | $345.2M+130.4% | $210.6M+42.3% | $243.5M+272.5% |
| Total Liabilities | $3.6B-3.0% | $3.7B-1.8% | $3.7B-0.2% | $3.9B+2.4% | $3.7B-0.6% | $3.8B+2.0% | $3.7B+0.3% | $3.8B+5.2% |
| Total Equity | $271.7M+6.5% | $281.0M+16.6% | $270.7M+13.8% | $266.0M+16.7% | $255.1M+8.4% | $240.9M+7.6% | $237.9M+6.3% | $227.9M+1.3% |
| Retained Earnings | $314.6M+8.1% | $307.4M+7.5% | $300.6M+6.5% | $294.3M+5.6% | $291.1M+5.6% | $286.0M+4.4% | $282.2M+3.4% | $278.6M+2.7% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
WTBA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.7M+37.7% | $14.4M+6.2% | $12.9M+32.2% | $11.8M+9.7% | $11.4M-11.8% | $13.5M+35.2% | $9.7M+59.3% | $10.8M+49.2% |
| Depreciation & Amortization | $1.1M+0.2% | $1.2M+4.6% | $1.2M+4.4% | $1.1M-1.3% | $1.1M+9.0% | $1.1M+13.6% | $1.1M+110.3% | $1.2M+73.8% |
| Stock-Based Compensation | N/A | N/A | $600K+2.6% | N/A | N/A | N/A | $585K+1.7% | N/A |
| Capital Expenditures | $136K-79.0% | $293K-61.6% | $497K-66.7% | $421K-83.6% | $649K-89.1% | $764K-89.5% | $1.5M-85.6% | $2.6M-78.0% |
| Free Cash Flow | $15.6M+44.7% | $14.1M+10.3% | $12.4M+50.0% | $11.4M+39.0% | $10.8M+54.7% | $12.8M+366.3% | $8.3Mn/m | $8.2Mn/m |
| Investing Cash Flow | -$37.0Mn/m | $52.9M-10.4% | $18.3Mn/m | $69.9M+50.8% | -$32.7Mn/m | $59.1Mn/m | -$2.9Mn/m | $46.3Mn/m |
| Financing Cash Flow | -$139.9Mn/m | $4.4M-92.9% | -$140.3Mn/m | $156.5M+447.4% | -$91.0M-1463.3% | $62.0Mn/m | -$39.7M-129.8% | $28.6M-71.9% |
| Dividends Paid | $4.4M+4.6% | $4.3M+0.6% | $4.2M+0.6% | $4.2M+0.6% | $4.2M+0.6% | $4.2M+0.7% | $4.2M+0.6% | $4.2M+0.6% |
Not reported in any period shown, so not listed: Share Buybacks.
WTBA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 39.9%+2.7pp | 39.4%+5.9pp | 39.2%+5.3pp | 31.9%-2.2pp | 37.3%+8.0pp | 33.5%+7.0pp | 34.0%+3.5pp | 34.0%+9.3pp |
| Return on Equity | 4.3%+0.6pp | 3.9%+0.6pp | 3.9%+0.6pp | 2.8%-0.3pp | 3.6%+1.1pp | 3.3%+1.0pp | 3.3%+0.7pp | 3.1%+1.1pp |
| Return on Assets | 0.3%+0.1pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.2%0.0pp | 0.2%+0.1pp | 0.2%+0.1pp | 0.2%+0.1pp | 0.2%+0.1pp |
| Liabilities-to-Equity | 13.32-1.3x | 13.34-2.5x | 13.81-1.9x | 14.57-2.0x | 14.62-1.3x | 15.84-0.9x | 15.76-1.0x | 16.62+0.6x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 53.5%+10.4pp | 50.0%-3.5pp | 46.0%+10.2pp | 48.8%+9.5pp | 43.0%+8.8pp | 53.6%+39.6pp | 35.8%+57.8pp | 39.3%+63.8pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| West Bancorporation WTBA | FY2025 | $95.2M | $32.6M | 34.2% | $511.1M | 51/100 |
| Farmers & Merchants Bancorp, Inc. FMAO | FY2025 | $121.4M | $33.3M | 27.4% | $510.7M | 53/100 |
| Orange County Bancorp, Inc. OBT | FY2025 | $127.2M | $41.6M | 32.7% | $517.4M | 57/100 |
| Bankwell Financial Group Inc BWFG | FY2025 | $108.3M | $35.2M | 32.5% | $555.2M | 44/100 |
| USCB Financial Holdings, Inc. USCB | FY2025 | $90.2M | $26.1M | 28.9% | $366.5M | 59/100 |
| Plumas Bancorp PLBC | FY2025 | $98.3M | $29.6M | 30.1% | $441.9M | 75/100 |
Where West Bancorporation Ranks
Frequently Asked Questions
What is West Bancorporation's annual revenue?
West Bancorporation (WTBA) reported $95.2M in total revenue for fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is West Bancorporation's revenue growing?
West Bancorporation (WTBA) revenue grew by 19.4% year-over-year, from $79.8M to $95.2M in fiscal year 2025.
Is West Bancorporation profitable?
Yes, West Bancorporation (WTBA) reported a net income of $40.7M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $32.6M, with a net profit margin of 34.2%.
What is West Bancorporation's net profit margin?
West Bancorporation (WTBA) had a net profit margin of 34.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does West Bancorporation pay dividends?
Yes, West Bancorporation (WTBA) paid $1.00 per share in dividends during fiscal year 2025.
What is West Bancorporation's return on equity (ROE)?
West Bancorporation (WTBA) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is West Bancorporation's free cash flow?
West Bancorporation (WTBA) generated $43.2M in free cash flow during fiscal year 2025. This represents a 215.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is West Bancorporation's operating cash flow?
West Bancorporation (WTBA) generated $46.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are West Bancorporation's total assets?
West Bancorporation (WTBA) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are West Bancorporation's capital expenditures?
West Bancorporation (WTBA) invested $3.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is West Bancorporation's liabilities-to-equity ratio?
West Bancorporation (WTBA) had a liabilities-to-equity ratio of 14.57 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is West Bancorporation's return on assets (ROA)?
West Bancorporation (WTBA) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is West Bancorporation's P/E ratio?
West Bancorporation (WTBA) trades at 12.6x earnings, its market capitalization divided by $40.7M net income, trailing 12 months to September 30, 2026. The market capitalization is $511.1M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Bancorporation's price-to-sales ratio?
West Bancorporation (WTBA) trades at 4.8x sales, its market capitalization divided by $107.5M revenue, trailing 12 months to September 30, 2026. The market capitalization is $511.1M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Bancorporation's Piotroski F-Score?
West Bancorporation (WTBA) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is West Bancorporation?
West Bancorporation (WTBA) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.