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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 |
Here's How Much You Would Have Made Owning East West Bancorp Stock In The Last 5 Years
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West Bancorporation, Inc. (WTBA) CEO Dave Nelson on Q2 2021 Results - Earnings Call Transcript
East West Bancorp Undervalued On Above-Average Loan Growth And Core Earnings Growth Potential
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.