Symbols / WTBA Stock $24.01 +0.25% West Bancorporation, Inc.

Financial Services • Banks - Regional • United States • NMS
WTBA (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. David D. Nelson
Exch · Country NMS · United States
Market Cap 408.84M
Enterprise Value 418.78M
Income 35.29M
Sales 99.09M
FCF (ttm) —
Book/sh 15.90
Cash/sh 22.05
Employees —
Insider 10d —
IPO May 03, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 48.31%
P/E 11.60
Forward P/E 8.42
PEG —
P/S 4.13
P/B 1.51
P/C —
EV/EBITDA —
EV/Sales 4.23
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 2.07
EPS next Y 2.85
EPS Growth 32.60%
Revenue Growth 16.60%
EPS Gr Q/Q 34.80%
Rev Gr Q/Q —
Earnings (next) 2026-04-23
Earnings (prior) 2026-04-23
ROA 0.88%
ROE 13.88%
ROIC —
Gross Margin 0.00%
Oper. Margin 51.77%
Profit Margin 35.62%
Shs Outstand 17.03M
Shs Float 15.23M
Insider Own 11.44%
Instit Own 48.90%
Short Float 1.46%
Short Ratio 6.66
Short Interest 238.00K
52W High 26.60
vs 52W High -9.74%
52W Low 17.31
vs 52W Low 38.71%
Beta 0.81
Impl. Vol. 36.77%
Rel Volume 0.79
Avg Volume 45.56K
Volume 36.16K
Target (mean) $25.75
Tgt Median $25.75
Tgt Low $25.50
Tgt High $26.00
# Analysts 2
Recom Hold
Prev Close $23.95
Price $24.01
Change 0.25%
About

West Bancorporation, Inc. operates as the bank holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. The company offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit. It also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; and consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate, as well as 1-4 family residential mortgages and home equity loans. In addition, the company offers online and mobile banking services; treasury management services, including online and mobile cash management, client-generated automated clearing house transactions, remote deposit capture, lock box and fraud protection services; merchant credit card processing and corporate credit cards; and trust services, such as administration of estates, conservatorships, personal trusts, and agency accounts. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.75
Mean price target
2. Current target
$24.01
Latest analyst target
3. DCF / Fair value
$31.05
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$24.01
Low
$25.50
High
$26.00
Mean
$25.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-10-27 main Piper Sandler Neutral → Neutral $24
2025-07-28 main Piper Sandler Neutral → Neutral $21
2025-01-27 main Piper Sandler Neutral → Neutral $23
2024-10-25 main Piper Sandler Neutral → Neutral $23
2020-09-29 main Piper Sandler — → Neutral $18
2018-10-16 init Baird — → Outperform $27
2012-11-20 init Piper Sandler — → Hold $11
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-23 GAER STEVEN K Director — 1,430 $0.00 $0
2026-04-23 MCMURRAY SEAN PATRICK Director — 1,430 $0.00 $0
2026-04-23 ELMING LISA J Director — 1,430 $0.00 $0
2026-04-23 PARSON ROSEMARY Director — 1,430 $0.00 $0
2026-04-23 SORENSEN JOHN KEVIN Director — 1,430 $0.00 $0
2026-04-23 VAUGHAN THERESE MICHELE Director — 1,430 $0.00 $0
2026-04-23 GULLING DOUGLAS R Director — 1,430 $0.00 $0
2026-02-23 NELSON DAVID D Chief Executive Officer — 17,000 $0.00 $0
2026-02-23 OLAFSON HARLEE N. Officer — 15,000 $0.00 $0
2026-02-23 PETERS BRADLEY P Officer — 15,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
94.48
+19.40%
79.13
+0.05%
79.10
-22.41%
101.95
Operating Revenue
94.48
+19.40%
79.13
+0.05%
79.10
-22.41%
101.95
Selling General And Administration
33.54
+5.17%
31.89
+10.70%
28.81
+4.20%
27.65
Selling And Marketing Expense
0.09
-10.31%
0.10
-40.49%
0.16
-33.74%
0.25
General And Administrative Expense
33.45
+5.21%
31.80
+10.37%
28.81
+4.20%
27.65
Salaries And Wages
30.16
+6.14%
28.42
+5.01%
27.06
+1.53%
26.65
Other Gand A
—
—
—
2.14
Reconciled Depreciation
7.59
+9.65%
6.92
+34.45%
5.15
+15.37%
4.46
Total Unusual Items
—
0.00
+100.00%
-0.18
0.00
Total Unusual Items Excluding Goodwill
—
0.00
+100.00%
-0.18
0.00
Special Income Charges
—
0.00
+100.00%
-0.18
0.00
Other Special Charges
—
—
0.18
—
Net Income
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Pretax Income
41.42
+50.92%
27.44
-7.87%
29.79
-49.85%
59.40
Net Interest Income
88.98
+24.69%
71.36
+3.38%
69.03
-24.75%
91.74
Interest Expense
103.24
-13.02%
118.70
+30.05%
91.27
+188.76%
31.61
Interest Income
192.22
+1.14%
190.07
+18.57%
160.31
+29.96%
123.35
Gain On Sale Of Security
-3.96
-237.80%
-1.17
-171.93%
-0.43
0.00
Tax Provision
8.86
+161.07%
3.39
-39.94%
5.65
-56.54%
13.00
Tax Rate For Calcs
0.00
+73.17%
0.00
-34.92%
0.00
-13.70%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Net Income From Continuing Operation Net Minority Interest
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Net Income From Continuing And Discontinued Operation
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Net Income Continuous Operations
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Normalized Income
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Net Income Common Stockholders
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Diluted EPS
1.92
+35.21%
1.42
-1.39%
1.44
-47.83%
2.76
Basic EPS
1.92
+34.27%
1.43
-0.69%
1.44
-48.39%
2.79
Basic Average Shares
16.91
+0.58%
16.82
+0.34%
16.76
+0.79%
16.63
Diluted Average Shares
17.00
+0.39%
16.94
+1.04%
16.76
-0.29%
16.81
Diluted NI Availto Com Stockholders
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Insurance And Claims
3.29
-2.57%
3.38
+93.20%
1.75
+75.70%
1.00
Occupancy And Equipment
8.17
+11.61%
7.32
+32.92%
5.51
+12.09%
4.91
Other Non Interest Expense
9.53
-6.29%
10.17
-23.33%
13.27
+14.22%
11.62
Professional Expense And Contract Services Expense
1.82
+39.60%
1.30
+27.00%
1.03
+17.39%
0.87
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,142.24
+3.17%
4,014.99
+4.95%
3,825.76
+5.88%
3,613.22
Cash And Cash Equivalents
349.67
+43.62%
243.48
+272.54%
65.36
+146.27%
26.54
Cash Financial
25.17
-12.45%
28.75
-13.52%
33.24
+33.54%
24.90
Other Short Term Investments
289.82
-46.78%
544.57
-12.72%
623.92
-6.05%
664.12
Receivables
11.98
-6.57%
12.82
-5.57%
13.58
+13.29%
11.99
Accounts Receivable
11.98
-6.57%
12.82
-5.57%
13.58
+13.29%
11.99
Net PPE
108.38
-1.46%
109.98
+27.30%
86.40
+62.64%
53.12
Gross PPE
125.30
+2.18%
122.63
+23.35%
99.41
+52.64%
65.13
Accumulated Depreciation
-16.92
-33.86%
-12.64
+2.84%
-13.01
-8.38%
-12.01
Land And Improvements
11.05
+0.00%
11.05
+0.00%
11.05
+5.73%
10.45
Buildings And Improvements
93.38
+2.59%
91.02
+30.60%
69.69
+87.48%
37.17
Machinery Furniture Equipment
14.45
+5.11%
13.75
+15.74%
11.88
+25.83%
9.44
Other Properties
3.99
-9.44%
4.41
+36.34%
3.23
-27.99%
4.49
Leases
2.43
+1.29%
2.40
-32.50%
3.56
-0.59%
3.58
Investments And Advances
468.45
-13.98%
544.57
-12.72%
623.92
-6.05%
664.12
Total Liabilities Net Minority Interest
3,876.26
+2.35%
3,787.12
+5.18%
3,600.72
+5.84%
3,402.11
Payables And Accrued Expenses
—
—
—
35.84
Current Accrued Expenses
—
—
—
35.84
Long Term Debt And Capital Lease Obligation
376.41
-4.13%
392.63
-11.24%
442.37
+54.75%
285.86
Long Term Debt
376.41
-4.13%
392.63
-11.24%
442.37
+54.75%
285.86
Stockholders Equity
265.99
+16.72%
227.88
+1.26%
225.04
+6.60%
211.11
Common Stock Equity
265.99
+16.72%
227.88
+1.26%
225.04
+6.60%
211.11
Capital Stock
3.00
+0.00%
3.00
+0.00%
3.00
+0.00%
3.00
Common Stock
3.00
+0.00%
3.00
+0.00%
3.00
+0.00%
3.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
16.94
+0.64%
16.83
+0.64%
16.73
+0.51%
16.64
Ordinary Shares Number
16.94
+0.64%
16.83
+0.64%
16.73
+0.51%
16.64
Additional Paid In Capital
37.23
+4.53%
35.62
+4.16%
34.20
+6.80%
32.02
Retained Earnings
294.26
+5.62%
278.61
+2.67%
271.37
+1.42%
267.56
Gains Losses Not Affecting Retained Earnings
-68.50
+23.34%
-89.36
-6.98%
-83.52
+8.69%
-91.47
Other Equity Adjustments
-68.50
+23.34%
-89.36
-6.98%
-83.52
+8.69%
-91.47
Total Equity Gross Minority Interest
265.99
+16.72%
227.88
+1.26%
225.04
+6.60%
211.11
Total Capitalization
642.39
+3.53%
620.50
-7.03%
667.41
+34.30%
496.97
Invested Capital
642.39
+3.53%
620.50
-7.03%
667.41
+34.30%
496.97
Total Debt
376.41
-4.13%
392.63
-11.24%
442.37
+54.75%
285.86
Net Debt
26.73
-82.08%
149.15
-60.44%
377.01
+45.39%
259.32
Net Tangible Assets
265.99
+16.72%
227.88
+1.26%
225.04
+6.60%
211.11
Tangible Book Value
265.99
+16.72%
227.88
+1.26%
225.04
+6.60%
211.11
Available For Sale Securities
178.62
—
—
—
Cash Cash Equivalents And Federal Funds Sold
471.09
+93.48%
243.48
+272.54%
65.36
+146.27%
26.54
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
46.48
+16.76%
39.81
+57.66%
25.25
-57.52%
59.44
Cash Flow From Continuing Operating Activities
46.48
+16.76%
39.81
+57.66%
25.25
-57.52%
59.44
Net Income From Continuing Operations
32.56
+35.38%
24.05
-0.36%
24.14
-47.98%
46.40
Depreciation Amortization Depletion
7.59
+9.65%
6.92
+34.45%
5.15
+15.37%
4.46
Depreciation
4.52
+21.30%
3.72
+100.59%
1.86
+23.90%
1.50
Amortization Cash Flow
3.08
-3.91%
3.20
-2.82%
3.29
+11.06%
2.96
Depreciation And Amortization
7.59
+9.65%
6.92
+34.45%
5.15
+15.37%
4.46
Amortization Of Intangibles
3.08
-3.91%
3.20
-2.82%
3.29
+11.06%
2.96
Other Non Cash Items
-1.20
-6.75%
-1.13
+35.10%
-1.74
-79.98%
-0.96
Stock Based Compensation
2.74
+9.37%
2.51
-19.35%
3.11
-7.33%
3.36
Deferred Tax
0.35
-88.20%
2.98
+567.11%
0.45
-71.76%
1.58
Deferred Income Tax
0.35
-88.20%
2.98
+567.11%
0.45
-71.76%
1.58
Operating Gains Losses
3.96
+237.80%
1.17
+171.93%
0.43
—
Gain Loss On Investment Securities
3.96
+237.80%
1.17
+171.93%
0.43
0.00
Gain Loss On Sale Of PPE
—
—
—
—
Change In Working Capital
0.47
-79.33%
2.30
+132.87%
-6.99
-198.45%
7.10
Change In Receivables
0.84
+11.51%
0.76
+147.46%
-1.59
+48.58%
-3.10
Changes In Account Receivables
0.84
+11.51%
0.76
+147.46%
-1.59
+48.58%
-3.10
Change In Payables And Accrued Expense
-1.46
-148.76%
2.99
+214.90%
-2.60
-128.32%
9.19
Change In Accrued Expense
-1.46
-148.76%
2.99
+214.90%
-2.60
-128.32%
9.19
Change In Other Current Assets
1.09
+175.24%
-1.45
+48.10%
-2.79
-378.01%
1.00
Investing Cash Flow
93.30
+441.25%
-27.34
+83.79%
-168.68
+52.86%
-357.83
Cash Flow From Continuing Investing Activities
93.30
+441.25%
-27.34
+83.79%
-168.68
+52.86%
-357.83
Net PPE Purchase And Sale
-3.33
+87.27%
-26.14
+28.17%
-36.39
-70.74%
-21.31
Purchase Of PPE
-3.33
+87.27%
-26.14
+28.17%
-36.39
-70.74%
-21.31
Sale Of PPE
—
—
—
—
Capital Expenditure
-3.33
+87.27%
-26.14
+28.17%
-36.39
-70.74%
-21.31
Net Investment Purchase And Sale
104.89
+53.79%
68.20
+27.11%
53.66
+233.74%
-40.12
Purchase Of Investment
—
0.00
0.00
+100.00%
-120.08
Sale Of Investment
104.89
+53.79%
68.20
+27.11%
53.66
-32.90%
79.96
Net Other Investing Changes
-0.04
-100.49%
7.83
+773.09%
-1.16
+87.59%
-9.37
Financing Cash Flow
87.83
-46.98%
165.65
-9.11%
182.25
+37.96%
132.11
Cash Flow From Continuing Financing Activities
87.83
-46.98%
165.65
-9.11%
182.25
+37.96%
132.11
Net Issuance Payments Of Debt
-5.00
+90.00%
-50.00
-132.00%
156.25
+76.11%
88.72
Issuance Of Debt
0.00
0.00
-100.00%
160.00
+80.27%
88.76
Repayment Of Debt
-5.00
+90.00%
-50.00
-1233.33%
-3.75
-10614.29%
-0.04
Long Term Debt Issuance
0.00
0.00
-100.00%
160.00
+80.27%
88.76
Long Term Debt Payments
-5.00
+90.00%
-50.00
-1233.33%
-3.75
-10614.29%
-0.04
Net Long Term Debt Issuance
-5.00
+90.00%
-50.00
-132.00%
156.25
+76.11%
88.72
Net Common Stock Issuance
-1.13
-4.14%
-1.09
-16.26%
-0.94
+38.45%
-1.52
Common Stock Payments
-1.13
-4.14%
-1.09
-16.26%
-0.94
+38.45%
-1.52
Common Stock Dividend Paid
-16.91
-0.64%
-16.81
-0.61%
-16.70
-0.51%
-16.62
Cash Dividends Paid
-16.91
-0.64%
-16.81
-0.61%
-16.70
-0.51%
-16.62
Repurchase Of Capital Stock
-1.13
-4.14%
-1.09
-16.26%
-0.94
+38.45%
-1.52
Changes In Cash
227.61
+27.78%
178.12
+358.86%
38.82
+123.34%
-166.29
Beginning Cash Position
243.48
+272.54%
65.36
+146.27%
26.54
-86.24%
192.82
End Cash Position
471.09
+93.48%
243.48
+272.54%
65.36
+146.27%
26.54
Free Cash Flow
43.15
+215.63%
13.67
+222.75%
-11.14
-129.21%
38.13
Interest Paid Supplemental Data
106.32
-9.12%
117.00
+33.18%
87.85
+204.30%
28.87
Income Tax Paid Supplemental Data
5.55
+275.00%
1.48
-74.13%
5.72
-46.19%
10.63
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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