West Bancorporation Inc Financials
This page shows West Bancorporation Inc (WTBA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
West Bancorporation’s recent improvement comes more from cleaner cash conversion and funding-cost relief than from rapid balance-sheet growth.
The latest rebound looked higher-quality because operating cash flow reached$46.5M while net income was$32.6M , showing earnings translated into cash rather than relying mainly on accrual accounting. Free cash flow rose to$43.2M as capital spending shrank to$3.3M , so more of the year’s profit stayed available on the balance sheet instead of being absorbed by reinvestment.
Profit improved without much top-line help: revenue was nearly unchanged, staying around
Balance-sheet liquidity strengthened as cash climbed to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of West Bancorporation Inc'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 Inc's revenue grew a modest 1.1% year-over-year to $192.2M. This slow but positive growth earns a score of 49/100.
West Bancorporation Inc has elevated debt relative to equity (D/E of 14.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
West Bancorporation Inc has a free cash flow margin of 22.4%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
West Bancorporation Inc's ROE of 12.2% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 10.5% the prior year.
West Bancorporation Inc passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, West Bancorporation Inc generates $1.43 in operating cash flow ($46.5M OCF vs $32.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
West Bancorporation Inc generated $192.2M in revenue in fiscal year 2025. This represents an increase of 1.1% from the prior year.
West Bancorporation Inc reported $32.6M in net income in fiscal year 2025. This represents an increase of 35.4% from the prior year.
West Bancorporation Inc earned $1.92 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.2% from the prior year.
Cash & Balance Sheet
West Bancorporation Inc generated $43.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 215.6% from the prior year.
West Bancorporation Inc held $471.1M in cash against $0 in long-term debt as of fiscal year 2025.
West Bancorporation Inc paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
West Bancorporation Inc had 17M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Margins & Returns
West Bancorporation Inc's net profit margin was 16.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.
West Bancorporation Inc's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
West Bancorporation Inc invested $3.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 87.3% from the prior year.
WTBA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.4M-3.7% | $49.2M+0.6% | $48.9M+2.0% | $48.0M+4.0% | $46.1M-6.4% | $49.3M+1.4% | $48.6M+2.2% | $47.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.6M+0.7% | $7.6M+1.6% | $7.5M+1.6% | $7.3M+4.8% | $7.0M-1.4% | $7.1M+4.2% | $6.8M-4.8% | $7.2M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $23.0M-8.0% | $25.0M-5.4% | $26.4M-0.4% | $26.5M+5.0% | $25.3M-15.4% | $29.9M-2.5% | $30.7M+1.0% | $30.3M |
| Income Tax | $2.9M+34.4% | $2.2M+0.9% | $2.1M-9.5% | $2.4M+7.8% | $2.2M+440.5% | -$644K-143.7% | $1.5M+23.9% | $1.2M |
| Net Income | $10.6M+42.4% | $7.4M-20.3% | $9.3M+16.7% | $8.0M+1.7% | $7.8M+10.5% | $7.1M+19.2% | $6.0M+14.6% | $5.2M |
| EPS (Diluted) | $0.61 | N/A | $0.55+17.0% | $0.47+2.2% | $0.46 | N/A | $0.35+12.9% | $0.31 |
WTBA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B-3.2% | $4.1B+3.9% | $4.0B-1.8% | $4.1B+1.8% | $4.0B-0.7% | $4.0B+0.7% | $4.0B+0.6% | $4.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $362.0M-23.2% | $471.1M+102.2% | $232.9M-32.5% | $345.2M+63.9% | $210.6M-13.5% | $243.5M+54.3% | $157.8M+5.3% | $149.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.7B-3.5% | $3.9B+3.9% | $3.7B-2.2% | $3.8B+1.8% | $3.7B-1.0% | $3.8B+0.9% | $3.8B+0.3% | $3.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $270.7M+1.8% | $266.0M+4.3% | $255.1M+5.9% | $240.9M+1.3% | $237.9M+4.4% | $227.9M-3.2% | $235.4M+5.1% | $223.9M |
| Retained Earnings | $300.6M+2.2% | $294.3M+1.1% | $291.1M+1.8% | $286.0M+1.3% | $282.2M+1.3% | $278.6M+1.0% | $275.7M+0.6% | $274.0M |
WTBA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.9M+9.3% | $11.8M+3.4% | $11.4M-15.7% | $13.5M+38.8% | $9.7M-9.3% | $10.8M-16.9% | $12.9M+29.3% | $10.0M |
| Capital Expenditures | $497K+18.1% | $421K-35.1% | $649K-15.1% | $764K-48.8% | $1.5M-41.9% | $2.6M-57.0% | $6.0M-17.8% | $7.3M |
| Free Cash Flow | $12.4M+8.9% | $11.4M+5.7% | $10.8M-15.7% | $12.8M+54.6% | $8.3M+0.9% | $8.2M+17.6% | $7.0M+154.2% | $2.7M |
| Investing Cash Flow | $18.3M-73.9% | $69.9M+313.6% | -$32.7M-155.4% | $59.1M+2103.2% | -$2.9M-106.4% | $46.3M+498.7% | -$11.6M-106.3% | -$5.6M |
| Financing Cash Flow | -$140.3M-189.6% | $156.5M+272.0% | -$91.0M-246.7% | $62.0M+256.3% | -$39.7M-238.8% | $28.6M+328.4% | $6.7M+360.0% | -$2.6M |
| Dividends Paid | $4.2M0.0% | $4.2M0.0% | $4.2M0.0% | $4.2M+0.7% | $4.2M0.0% | $4.2M0.0% | $4.2M0.0% | $4.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WTBA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 22.3%+7.2pp | 15.1%-4.0pp | 19.0%+2.4pp | 16.6%-0.4pp | 17.0%+2.6pp | 14.4%+2.2pp | 12.2%+1.3pp | 10.9% |
| Return on Equity | 3.9%+1.1pp | 2.8%-0.9pp | 3.6%+0.3pp | 3.3%0.0pp | 3.3%+0.2pp | 3.1%+0.6pp | 2.5%+0.2pp | 2.3% |
| Return on Assets | 0.3%+0.1pp | 0.2%-0.1pp | 0.2%+0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%+0.0pp | 0.1%+0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 13.81-0.8 | 14.57-0.0 | 14.62-1.2 | 15.84+0.1 | 15.76-0.9 | 16.62+0.7 | 15.95-0.8 | 16.71 |
| FCF Margin | 26.1%+3.0pp | 23.1%+1.1pp | 22.0%-4.6pp | 26.6%+8.7pp | 17.9%+1.3pp | 16.6%+2.3pp | 14.3%+8.6pp | 5.8% |
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Frequently Asked Questions
What is West Bancorporation Inc's annual revenue?
West Bancorporation Inc (WTBA) reported $192.2M in total revenue for fiscal year 2025. This represents a 1.1% 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 Inc's revenue growing?
West Bancorporation Inc (WTBA) revenue grew by 1.1% year-over-year, from $190.1M to $192.2M in fiscal year 2025.
Is West Bancorporation Inc profitable?
Yes, West Bancorporation Inc (WTBA) reported a net income of $32.6M in fiscal year 2025, with a net profit margin of 16.9%.
What is West Bancorporation Inc's net profit margin?
West Bancorporation Inc (WTBA) had a net profit margin of 16.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does West Bancorporation Inc pay dividends?
Yes, West Bancorporation Inc (WTBA) paid $1.00 per share in dividends during fiscal year 2025.
What is West Bancorporation Inc's return on equity (ROE)?
West Bancorporation Inc (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 Inc's free cash flow?
West Bancorporation Inc (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 Inc's operating cash flow?
West Bancorporation Inc (WTBA) generated $46.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are West Bancorporation Inc's total assets?
West Bancorporation Inc (WTBA) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are West Bancorporation Inc's capital expenditures?
West Bancorporation Inc (WTBA) invested $3.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is West Bancorporation Inc's debt-to-equity ratio?
West Bancorporation Inc (WTBA) had a debt-to-equity ratio of 14.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is West Bancorporation Inc's return on assets (ROA)?
West Bancorporation Inc (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 Inc's Piotroski F-Score?
West Bancorporation Inc (WTBA) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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.
Are West Bancorporation Inc's earnings high quality?
West Bancorporation Inc (WTBA) has an earnings quality ratio of 1.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is West Bancorporation Inc?
West Bancorporation Inc (WTBA) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.