West Bancorporation Inc (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 Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 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 Inc (WTBA) reported $103.4M in revenue over the twelve months to Jun 30, 2026, up 17.3% 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).
West Bancorporation’s earnings recovery is being carried by balance-sheet intermediation, with cash generation improving faster than reported profit.
FY2023 exposed a cash-conversion gap: operating cash flow was$25.2M , yet free cash flow was-$11.1M , showing reinvestment consumed operating inflows despite positive earnings. By FY2025, operating cash flow of$46.5M nearly passed through to free cash flow of$43.2M , so the recovery included normalized cash conversion rather than only an accounting rebound.
At FY2025, the asset base was
The company has a liability-funded structure: liabilities were
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 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 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 Inc scores 35/100 among other banks.
West Bancorporation Inc 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 Inc scores 59/100 among other banks.
West Bancorporation Inc 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 Inc scores 4/100 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 Inc 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 Inc scores 99/100 on it among other banks.
West Bancorporation Inc 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 Inc scores 45/100 among other banks.
West Bancorporation Inc 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), both operating efficiency signals pass.
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 $28.1M in revenue in Q2 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 4.4%.
West Bancorporation Inc reported $11.1M in net income in Q2 2026. This represents an increase of 38.8% from the same quarter a year earlier. Against the prior quarter it is up 4.7%.
West Bancorporation Inc earned $0.64 per diluted share (EPS) in Q2 2026. This represents an increase of 36.2% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
West Bancorporation Inc generated $14.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.
West Bancorporation Inc held $433.7M in cash as of Q2 2026; long-term debt is not reported for that period.
West Bancorporation Inc paid $0.25 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
West Bancorporation Inc's net profit margin was 39.4% in Q2 2026, showing the share of revenue converted to profit. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
West Bancorporation Inc's ROE was 3.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
West Bancorporation Inc invested $293K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 61.6% from the same quarter a year earlier. Against the prior quarter it is down 41.0%.
Not reported for Q2 2026.
Not reported for Q2 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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% | $20.3M+4.4% |
| SG&A Expenses | $8.0M+8.8% | $7.6M+9.0% | $7.6M+6.6% | $7.5M+9.3% | $7.3M+2.4% | $7.0M+7.9% | $7.1M+9.9% | $6.8M+1.9% |
| Interest Expense | $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% | $30.7M+25.3% |
| Income Tax | $3.3M+38.6% | $2.9M+32.3% | $2.2M+435.4% | $2.1M+45.1% | $2.4M+98.7% | $2.2M+59.8% | -$644K-160.0% | $1.5M+2.1% |
| Net Income | $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% | $6.0M+0.8% |
| EPS (Basic) | $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% | $0.350.0% |
| EPS (Diluted) | $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% | $0.350.0% |
| Diluted Shares (Avg) | 17M+1.1% | 17M+0.8% | N/A | 17M+0.6% | 17M+0.9% | 17M+1.7% | N/A | 17M+0.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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% | $4.0B+7.7% |
| Cash & Equivalents | $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% | $157.8M+665.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $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% | $3.8B+7.3% |
| Total Equity | $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% | $235.4M+15.4% |
| Retained Earnings | $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% | $275.7M+1.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $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% | $12.9M+66.2% |
| Depreciation & Amortization | $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% | $1.0M+174.8% |
| Stock-Based Compensation | N/A | $600K+2.6% | N/A | N/A | N/A | $585K+1.7% | N/A | N/A |
| Capital Expenditures | $293K-61.6% | $497K-66.7% | $421K-83.6% | $649K-89.1% | $764K-89.5% | $1.5M-85.6% | $2.6M-78.0% | $6.0M-38.4% |
| Free Cash Flow | $14.1M+10.3% | $12.4M+50.0% | $11.4M+39.0% | $10.8M+54.7% | $12.8M+366.3% | $8.3M+296.3% | $8.2M+282.6% | $7.0M+462.6% |
| Investing Cash Flow | $52.9M-10.4% | $18.3M+719.5% | $69.9M+50.8% | -$32.7M-181.5% | $59.1M+1148.5% | -$2.9M+94.8% | $46.3M+172.3% | -$11.6M+74.2% |
| Financing Cash Flow | $4.4M-92.9% | -$140.3M-253.6% | $156.5M+447.4% | -$91.0M-1463.3% | $62.0M+2515.8% | -$39.7M-129.8% | $28.6M-71.9% | $6.7M-74.5% |
| Dividends Paid | $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% | $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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 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 | 29.3%-1.1pp |
| Return on Equity | 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 | 2.5%-0.4pp |
| Return on Assets | 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 | 0.1%0.0pp |
| Debt-to-Equity | 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 | 15.95-1.2x |
| 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 | 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 | 34.2%+44.1pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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 Inc WTBA | FY2025 | $95.2M | $32.6M | 34.2% | $497.7M | 51/100 |
| Farmers & Merchants Bancorp In FMAO | FY2025 | $121.4M | $33.3M | 27.4% | $487.7M | 44/100 |
| Orange Cnty Bancorp Inc OBT | FY2025 | $127.2M | $41.6M | 32.7% | $513.3M | 57/100 |
| Bankwell Financi BWFG | FY2025 | $108.3M | $35.2M | 32.5% | $539.3M | 37/100 |
| Uscb Fincl USCB | FY2025 | $90.2M | $26.1M | 28.9% | $424.7M | 58/100 |
| Plumas PLBC | FY2025 | $98.3M | $29.6M | 30.1% | $434.8M | 62/100 |
Where West Bancorporation Inc Ranks
Frequently Asked Questions
What is West Bancorporation Inc's annual revenue?
West Bancorporation Inc (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 Inc's revenue growing?
West Bancorporation Inc (WTBA) revenue grew by 19.4% year-over-year, from $79.8M to $95.2M 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 34.2%.
What is West Bancorporation Inc's net profit margin?
West Bancorporation Inc (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 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 P/E ratio?
West Bancorporation Inc (WTBA) trades at 13.0x earnings, its market capitalization divided by net income of $38.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $497.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Bancorporation Inc's price-to-sales ratio?
West Bancorporation Inc (WTBA) trades at 4.8x sales, its market capitalization divided by revenue of $103.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $497.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Bancorporation Inc's Piotroski F-Score?
West Bancorporation Inc (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.
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 51 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite 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.