See more : The Progressive Corporation (PGR) Income Statement Analysis – Financial Results
Complete financial analysis of West Bancorporation, Inc. (WTBA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of West Bancorporation, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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West Bancorporation, Inc. (WTBA)
About West Bancorporation, Inc.
West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. Further, the company provides internet and mobile banking services; treasury management services comprising cash management, client-generated automated clearing house transaction, remote deposit, and fraud protection services; and merchant credit card processing services and corporate credit cards. It has seven offices in the Des Moines area; one office in Coralville and Iowa; and one office each in Rochester, Owatonna, Mankato, and St. Cloud, Minnesota. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.
| Metric | 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 | 78.40M | 101.41M | 104.79M | 92.44M | 74.75M | 69.81M | 68.71M | 65.10M | 62.36M | 58.37M | 54.19M | 52.19M | 52.22M | 52.51M | 51.11M | 57.55M | 54.26M | 54.94M | 49.89M | 46.35M | 41.63M | 37.60M | 35.98M | 6.87M |
| Cost of Revenue | -91.97M | 0.00 | 0.00 | 0.00 | 0.00 | 400.00K | 542.00K | 853.00K | 1.11M | 895.00K | 496.00K | 505.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 170.37M | 101.41M | 104.79M | 92.44M | 74.75M | 69.41M | 68.16M | 64.25M | 61.26M | 57.48M | 53.69M | 51.69M | 52.22M | 52.51M | 51.11M | 57.55M | 54.26M | 54.94M | 49.89M | 46.35M | 41.63M | 37.60M | 35.98M | 6.87M |
| Gross Profit Ratio | 217.32% | 100.00% | 100.00% | 100.00% | 100.00% | 99.43% | 99.21% | 98.69% | 98.23% | 98.47% | 99.08% | 99.03% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 30.50M | 31.65M | 27.51M | 25.31M | 24.93M | 22.16M | 20.99M | 20.18M | 19.23M | 19.08M | 18.52M | 17.27M | 16.41M | 15.89M | 14.44M | 13.36M | 13.56M | 13.94M | 10.31M | 9.68M | 7.70M | 6.44M | 6.04M | 0.00 |
| Selling & Marketing | 163.00K | 246.00K | 224.00K | 211.00K | 230.00K | 195.00K | 224.00K | 231.00K | 253.00K | 220.00K | 359.00K | 268.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 41.04M | 31.90M | 27.51M | 25.31M | 24.93M | 22.16M | 20.99M | 20.18M | 19.23M | 19.08M | 18.52M | 17.27M | 16.41M | 15.89M | 14.44M | 13.36M | 13.56M | 13.94M | 10.31M | 9.68M | 7.70M | 6.44M | 6.04M | 0.00 |
| Other Expenses | 0.00 | -14.30M | -69.39M | -76.36M | -1.37M | -1.19M | -435.00K | -418.00K | -228.00K | -188.00K | 0.00 | 203.00K | -53.36M | -73.45M | -60.88M | -30.22M | 3.40M | 329.00K | -5.63M | -13.90M | -12.11M | -4.93M | 7.37M | 41.19M |
| Operating Expenses | 41.04M | 874.00K | -41.88M | -51.05M | 23.56M | 24.24M | 1.08M | 774.00K | 748.00K | 944.00K | 1.20M | 1.06M | -36.95M | -57.56M | -46.45M | -16.85M | 16.96M | 14.27M | 4.68M | -4.22M | -4.40M | 1.52M | 13.41M | 41.19M |
| Cost & Expenses | 41.04M | 874.00K | -41.88M | -51.05M | 23.56M | 24.24M | 1.62M | 1.63M | 1.85M | 1.84M | 1.70M | 1.57M | -36.95M | -57.56M | -46.45M | -16.85M | 16.96M | 14.27M | 4.68M | -4.22M | -4.40M | 1.52M | 13.41M | 41.19M |
| Interest Income | 160.31M | 123.35M | 107.28M | 100.23M | 98.68M | 84.79M | 73.03M | 64.99M | 60.15M | 55.30M | 52.74M | 50.66M | 53.32M | 61.14M | 67.73M | 72.53M | 82.03M | 79.74M | 63.47M | 49.60M | 43.46M | 44.64M | 54.61M | 61.20M |
| Interest Expense | 91.27M | 31.61M | 12.22M | 17.40M | 32.25M | 22.74M | 12.98M | 7.88M | 5.99M | 6.16M | 7.06M | 9.46M | 11.92M | 19.02M | 26.64M | 31.43M | 43.82M | 40.67M | 25.10M | 13.95M | 11.14M | 13.65M | 24.95M | 33.64M |
| Depreciation & Amortization | 1.86M | 1.50M | 1.50M | 1.50M | 1.43M | 1.41M | 1.35M | 1.05M | 4.81M | 4.62M | 5.62M | 5.00M | 14.00K | 2.30M | 1.49M | 1.91M | 0.00 | 1.31M | 550.00K | 360.00K | 2.09M | 742.14K | 253.02K | 0.00 |
| EBITDA | 31.64M | 60.90M | 64.41M | 42.88M | 36.86M | 36.48M | 37.79M | 34.00M | 32.37M | 27.54M | 16.89M | -1.32M | 25.37M | 1.71M | 0.00 | 0.00 | 0.00 | 0.00 | 29.47M | 28.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 40.36% | 94.14% | 63.48% | 48.44% | 54.60% | 91.90% | 79.93% | 70.91% | 67.74% | 64.18% | 68.07% | 71.35% | 63.72% | 76.24% | 12.03% | 74.04% | 131.26% | 128.35% | 110.49% | 91.68% | 94.43% | 106.01% | 137.98% | 699.69% |
| Operating Income | 37.36M | 91.01M | 62.91M | 41.38M | 35.74M | 57.80M | 49.42M | 40.83M | 37.43M | 32.85M | 31.27M | 32.24M | 15.27M | -5.05M | 4.66M | 40.69M | 71.22M | 69.20M | 54.57M | 42.14M | 37.22M | 39.12M | 49.39M | 48.06M |
| Operating Income Ratio | 47.65% | 89.74% | 60.03% | 44.77% | 47.82% | 82.80% | 71.92% | 62.72% | 60.02% | 56.27% | 57.71% | 61.77% | 29.24% | -9.62% | 9.12% | 70.71% | 131.26% | 125.97% | 109.38% | 90.90% | 89.42% | 104.04% | 137.27% | 699.69% |
| Total Other Income/Expenses | -7.57M | 0.00 | -9.04M | -8.46M | 307.00K | -333.00K | 0.00 | -4.80M | -6.00K | 1.07M | -6.48M | -1.32M | -377.00K | 5.33M | -17.07M | -4.74M | -35.00K | 112.00K | -15.74M | -18.17M | -11.14M | -13.65M | -24.95M | 56.77M |
| Income Before Tax | 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 | 9.26M | 27.40M | 28.54M | 29.47M | 28.18M | 26.08M | 25.47M | 24.43M | 22.45M |
| Income Before Tax Ratio | 37.99% | 58.57% | 60.03% | 44.77% | 47.82% | 50.23% | 53.04% | 50.62% | 50.41% | 45.72% | 44.68% | 43.64% | 40.87% | 35.64% | -24.27% | 16.09% | 50.49% | 51.94% | 59.07% | 60.80% | 62.66% | 67.74% | 67.92% | 326.91% |
| Income Tax Expense | 5.65M | 13.00M | 13.30M | 8.67M | 7.05M | 6.56M | 13.37M | 9.94M | 9.70M | 6.65M | 7.32M | 6.76M | 6.07M | 5.33M | -7.36M | 1.62M | 8.48M | 9.13M | 9.40M | 9.57M | 8.80M | 9.10M | 8.70M | 8.04M |
| Net Income | 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 | 7.64M | 18.92M | 19.41M | 20.07M | 18.61M | 17.28M | 16.38M | 15.74M | 14.42M |
| Net Income Ratio | 30.79% | 45.75% | 47.34% | 35.39% | 38.38% | 40.84% | 33.58% | 35.35% | 34.86% | 34.33% | 31.17% | 30.68% | 29.24% | 25.49% | -28.60% | 13.27% | 34.87% | 35.33% | 40.24% | 40.16% | 41.52% | 43.55% | 43.74% | 209.90% |
| EPS | 1.44 | 2.79 | 3.00 | 1.99 | 1.75 | 1.75 | 1.42 | 1.42 | 1.35 | 1.25 | 1.02 | 0.92 | 0.74 | 0.64 | -0.84 | 0.44 | 1.08 | 1.11 | 1.09 | 1.06 | 0.98 | 0.93 | 0.81 | 0.77 |
| EPS Diluted | 1.44 | 2.76 | 2.95 | 1.98 | 1.74 | 1.74 | 1.41 | 1.42 | 1.35 | 1.25 | 1.02 | 0.92 | 0.74 | 0.64 | -0.84 | 0.44 | 1.08 | 1.11 | 1.09 | 1.06 | 0.98 | 0.93 | 0.81 | 0.77 |
| Weighted Avg Shares Out | 16.76M | 16.62M | 16.53M | 16.45M | 16.36M | 16.28M | 16.19M | 16.12M | 16.05M | 16.00M | 16.56M | 17.40M | 17.40M | 17.40M | 17.40M | 17.41M | 17.52M | 17.48M | 18.49M | 17.61M | 17.64M | 17.70M | 19.54M | 18.70M |
| Weighted Avg Shares Out (Dil) | 16.75M | 16.80M | 16.79M | 16.52M | 16.48M | 16.40M | 16.34M | 16.21M | 16.10M | 16.04M | 16.56M | 17.44M | 17.40M | 17.40M | 17.40M | 17.41M | 17.52M | 17.48M | 18.49M | 17.61M | 17.64M | 17.70M | 19.54M | 18.70M |
What Makes West Bancorp (WTBA) a New Strong Buy Stock
West Bancorp (WTBA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
New Strong Buy Stocks for November 25th
DGICA, SCHL, POWL, WTBA and XPER have been added to the Zacks Rank #1 (Strong Buy) List on November 25, 2024.
Best Income Stocks to Buy for November 25th
DGICA, WTBA and PINC made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 25, 2024.
Can West Bancorp (WTBA) Run Higher on Rising Earnings Estimates?
West Bancorp (WTBA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
West Bancorporation, Inc. (WTBA) Q3 2024 Earnings Call Transcript
West Bancorporation, Inc. (NASDAQ:WTBA ) Q3 2024 Earnings Conference Call October 24, 2024 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer Dave Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - President...
West Bancorp (WTBA) Tops Q3 Earnings and Revenue Estimates
West Bancorp (WTBA) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.35 per share a year ago.
West Bancorporation, Inc. Announces Third Quarter 2024 Financial Results and Declares Quarterly Dividend
WEST DES MOINES, Iowa, Oct. 24, 2024 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported third quarter 2024 net income of $6.0 million, or $0.35 per diluted common share, compared to...
West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call
WEST DES MOINES, Iowa, Sept. 20, 2024 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the third quarter of 2024 on Thursday, October 24, 2024 before the markets...
Results Against All Odds: Education Cannot Wait Reaches 11 Million Children in Crises Worldwide
New ECW Results Report highlights significant learning outcomes achieved for children and adolescents in crisis settings and calls for urgent additional donor support to meet the rapidly escalating needs. NEW YORK, Sept. 17, 2024 /PRNewswire/ -- The global community is...
West Bancorporation, Inc. (WTBA) Q2 2024 Earnings Call Transcript
West Bancorporation, Inc. (NASDAQ:WTBA ) Q2 2024 Earnings Conference Call July 25, 2024 3:00 PM ET Company Participants Jane Funk - CFO Dave Nelson - CEO Harlee Olafson - CRO Brad Winterbottom - President Brad Peters - Minnesota Group President...
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Category: Stock Reports