See more : Schroder British Opportunities Trust PLC (SBO.L) 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 |
West Bancorp (WTBA) Stock Jumps 5.7%: Will It Continue to Soar?
West Bancorp (WTBA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
West Bancorporation, Inc. (WTBA) Q3 2023 Earnings Call Transcript
West Bancorporation, Inc. (NASDAQ:WTBA ) Q3 2023 Earnings Conference Call October 26, 2023 3:00 PM ET Company Participants David Nelson - Chief Executive Officer Jane Funk - Executive VP, Treasurer and CFO Harlee Olafson - Chief Risk Officer Brad Winterbottom...
West Bancorporation, Inc. Announces Third Quarter 2023 Financial Results and Declares Quarterly Dividend
WEST DES MOINES, Iowa, Oct. 26, 2023 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported third quarter 2023 net income of $5.9 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. 22, 2023 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the third quarter of 2023 on Thursday, October 26, 2023 before the markets...
West Bancorporation, Inc. (WTBA) Q2 2023 Earnings Call Transcript
West Bancorporation, Inc. (NASDAQ:WTBA ) Q2 2023 Earnings Call July 27, 2023 3:00 PM ET Company Participants Jane M. Funk - Chief Financial Officer David D.
West Bancorp (WTBA) Q2 Earnings Top Estimates
West Bancorp (WTBA) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.75 per share a year ago.
West Bancorporation, Inc. Announces Second Quarter 2023 Financial Results and Declares Quarterly Dividend
WEST DES MOINES, Iowa, July 27, 2023 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported second quarter 2023 net income of $5.9 million, or $0.35 per diluted common share, compared to...
Earnings Preview: West Bancorp (WTBA) Q2 Earnings Expected to Decline
West Bancorp (WTBA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call
WEST DES MOINES, Iowa, June 23, 2023 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the second quarter of 2023 on Thursday, July 27, 2023 before the markets...
West Bancorporation, Inc. (WTBA) Q1 2023 Earnings Call Transcript
West Bancorporation, Inc. (NASDAQ:WTBA ) Q1 2023 Earnings Conference Call April 27, 2023 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer Dave Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - President...
Source: https://incomestatements.info
Category: Stock Reports
What was the net interest margin for West Bancorporation in Q3 2024?
Net Interest Margin: 3.24%, a decline of three basis points from the prior quarter.
How did West Bancorporation’s loan and deposit growth perform in Q3 2024?
“Quarterly loan and deposit growth of $916 million and $1.8 billion, respectively, continued their upward trajectory and produced PPNR 1 of $285.7 million. Asset quality remained stable with our nonperforming assets to total assets ratio declining to 0.45% and net loan charge-offs of 0.20% of average loans.