WEST BANCORPORATION INC

WTBA

WEST BANCORPORATION INC

WTBA

Insider Sentiment (TTM):

Last Purchase:2025-02-19Last Sale:2025-11-24Shares Purchased (TTM):0Shares Sold (TTM):17,900

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:8,060,307Shares Outstanding:16,948,000Institutional Ownership Pct.:47.56%

Earnings Market Reaction:

Filing Date:2026-07-23Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Cash And Due From Banks	31	40	25	27	36	39	29	34	28	27	33	19
Cash Cash Equivalents And…
Cash Cash Equivalents And Federal Funds Sold	-	-	-	-	-	211	243	158	150	148	65	21
Federal Funds Sold	261	180	325	109	212	171	215	124	122	121	32	2
Cash Cash Equivalents And…
Cash Cash Equivalents And Short Term Investments	434	362	471	233	345	-	243	-	-	-	-	-
Securities Purchased Under Agreements To Resell	142	142	121	97	97	-	0	-	-	-	-	-
Available For Sale Securities Debt Securities	447	456	468	538	537	547	545	598	588	606	624	609
Federal Home Loan Bank Stock	15	15	15	15	15	15	15	17	21	26	23	27
Loans And Leases Receivable Net Of Deferred Income	-	-	-	-	-	-	-	-	-	-	2,928	-
Loans And Leases Receivable Allowance	-	-	-	-	-	-	-	29	-28	-28	-28	-28
Loans And Leases Receivable Net Reported Amount	-	-	-	-	-	-	-	2,992	2,970	2,952	2,899	2,822
Property Plant And Equipment Net	107	108	108	109	110	110	110	107	102	96	86	76
Interest Receivable	11	13	12	13	13	13	13	14	14	15	14	14
Bank Owned Life Insurance	47	47	46	46	46	45	45	45	44	44	44	44
Deferred Income Tax Assets Net	25	26	26	28	30	30	33	31	33	35	34	42
Other Assets	25	24	24	25	25	30	36	28	41	41	36	49
Assets	4,030	4,011	4,142	3,985	4,057	3,987	4,015	3,989	3,965	3,963	3,826	3,702
Liabilities And Stockhold…
Liabilities
Noninterest Bearing Deposit Liabilities	554	511	540	513	522	520	541	525	530	521	549	552
Interest Bearing Domestic Deposit Demand	507	490	578	449	461	517	544	438	444	450	481	418
Deposits Savings Deposits	1,806	1,818	1,840	1,799	1,848	1,634	1,644	1,606	1,581	1,436	1,440	1,349
Deposits
Deposits	3,345	3,335	3,468	3,307	3,392	3,325	3,358	3,279	3,181	3,065	2,974	2,756
Time Deposits	479	516	511	546	561	654	629	709	626	658	504	437
Federal Funds Purchased	-	-	-	-	-	-	0	-	-	-	150	-
Subordinated Debt	80	80	80	80	80	80	80	80	80	80	80	80
Other Long Term Debt	24	25	26	39	40	41	43	44	45	46	48	49
Accounts Payable And Accrued Liabilities Current A…	30	30	31	35	33	33	37	36	35	34	34	37
Liabilities	3,749	3,740	3,876	3,730	3,816	3,749	3,787	3,753	3,741	3,739	3,601	3,498
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	3	3	3	3	3	3	3	3	3	3	3	3
Stockholders Equity
Additional Paid In Capital	37	37	37	36	36	35	36	35	34	34	34	33
Stockholders Equity	281	271	266	255	241	238	228	235	224	224	225	204
Retained Earnings Accumulated Deficit	307	301	294	291	286	282	279	276	274	273	271	271
Accumulated Other Comprehensive Income Loss Net Of…	-67	-69	-69	-75	-84	-82	-89	-78	-87	-86	-84	-104
Liabilities And Stockholders Equity	4,030	4,011	4,142	3,985	4,057	3,987	4,015	3,989	3,965	3,963	3,826	3,702
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Number Of Sh…
Common Stock No Par Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Common Stock Shares Issued	17	17	17	17	17	17	17	17	17	17	17	17
Shares Outstanding	17	17	17	17	17	17	17	17	17	17	17	17

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-6.05%	4.31%	8.65%	-	-	-	-	-	-	-	-	-
2025	9.08%	1.98%	9.51%	-0.57%	9.11%	3.46%	8.03%	15.77%	9.41%	-8.71%	-1.73%	-7.71%
2024	9.15%	1.82%	17.03%	-8.73%	-6.25%	-5.96%	17.49%	14.46%	-2.17%	-8.12%	-17.82%	-11.68%
2023	-	-	-	-8.89%	-14.38%	-23.00%	12.89%	30.73%	21.69%	-0.57%	-8.16%	1.51%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-0.49	-0.52	-0.53	-0.55	-0.57	0.03	0.50	0.91	1.24	1.27	1.33	1.45
Efficiency & Turnover
Days Sales Outstanding TTM	-	-	-	-	-	-	-	571,325.44	563,826.84	558,212.56	551,383.25	531,140.48
Receivables Turnover TTM	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Per Share Metrics
Diluted EPS TTM	2.23	2.05	1.92	1.89	1.70	1.53	1.42	1.27	1.27	1.32	1.44	1.70
Free Cash Flow Per Share TTM	2.85	2.79	2.55	2.36	2.14	1.55	0.81	0.06	-0.47	-0.64	-0.67	-0.32
Dividend Per Share TTM	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Margin Metrics
Gross Profit Margin TTM	-4,848.12%	-5,004.60%	-5,219.11%	-5,561.88%	-5,883.49%	-6,165.64%	-6,340.80%	-8,280.51%	-7,929.66%	-7,498.49%	-6,988.11%	-4,173.86%
Operating Profit Margin TTM	2,482.88%	2,267.80%	2,133.85%	2,004.50%	1,824.23%	1,634.14%	1,489.04%	1,431.77%	1,424.61%	1,474.74%	1,602.26%	1,907.32%
Net Profit Margin TTM	1,950.41%	1,784.13%	1,677.49%	1,687.54%	1,537.27%	1,406.85%	1,304.94%	1,156.60%	1,151.64%	1,190.20%	1,298.39%	1,536.20%
Growth Metrics
Net Revenue Growth (1Y)	4.79%	6.69%	5.32%	2.85%	0.91%	-0.16%	-0.86%	-0.11%	-4.52%	-10.55%	-15.27%	-19.91%
Net Income Growth (1Y)	32.95%	35.30%	35.38%	50.07%	34.71%	18.01%	-0.36%	-24.79%	-37.43%	-46.17%	-47.98%	-42.15%
EPS Growth (1Y)	32.14%	34.44%	34.51%	49.11%	33.85%	17.26%	-0.97%	-25.27%	-37.83%	-46.45%	-48.24%	-42.44%
Valuation Metrics
P/E TTM	11.67	11.20	11.20	10.25	10.91	12.04	13.99	13.62	12.67	12.00	12.86	8.25
P/B TTM	1.59	1.46	1.37	1.30	1.31	1.32	1.48	1.24	1.21	1.18	1.38	1.16
P/S TTM	227.62	199.88	187.80	173.00	167.64	169.35	182.52	157.50	145.94	142.78	166.95	126.77
Market Cap	447.96M	395.37M	364.53M	330.43M	314.83M	313.98M	336.39M	292.47M	271.60M	265.14M	310.36M	235.66M
Enterprise Value	14.26M	33.39M	-106.56M	97.50M	-30.37M	103.37M	92.91M	134.67M	121.78M	117.12M	319.84M	215.04M
Calculated Values
Free Cash Flow TTM	48.59M	47.28M	43.15M	39.97M	36.16M	26.14M	13.67M	1.01M	-7.87M	-10.68M	-11.14M	-5.39M
Net Debt	-433.70M	-361.98M	-471.09M	-232.93M	-345.20M	-210.61M	-243.48M	-157.80M	-149.82M	-148.02M	9.49M	-20.62M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-11-24Sale

Owner: Milligan, George D

Title: -

Shares: 10,000

Price/Share: $21.71

Value: $217,100.00

Shares Owned: 53,195

Relationship: Director

Ownership: Direct

2025-11-11Sale

Owner: Gulling, Douglas R

Title: -

Shares: 7,900

Price/Share: $21.75

Value: $171,825.00

Shares Owned: 72,338

Relationship: Director

Ownership: Direct

2025-02-19Purchase

Owner: Nelson, David D

Title: CEO & PRESIDENT

Shares: 639

Price/Share: $22.27

Value: $14,230.53

Shares Owned: 124,866

Relationship: Director,Officer

Ownership: Direct

2024-11-20Purchase

Owner: Nelson, David D

Title: CEO & PRESIDENT

Shares: 592

Price/Share: $23.79

Value: $14,083.68

Shares Owned: 107,227

Relationship: Director,Officer

Ownership: Direct

2024-11-08Sale

Owner: Gulling, Douglas R

Title: -

Shares: 4,000

Price/Share: $23.66

Value: $94,640.00

Shares Owned: 80,709

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-11-24	Milligan, George D	Director	-	Direct	Sale	10,000	21.71	$217,100.00	53,195	4
2025-11-11	Gulling, Douglas R	Director	-	Direct	Sale	7,900	21.75	$171,825.00	72,338	4
2025-02-19	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	639	22.27	$14,230.53	124,866	4
2024-11-20	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	592	23.79	$14,083.68	107,227	4
2024-11-08	Gulling, Douglas R	Director	-	Direct	Sale	4,000	23.66	$94,640.00	80,709	4
2024-08-21	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	730	19.04	$13,899.20	106,635	4
2024-05-22	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	768	17.87	$13,724.16	105,905	4
2024-02-21	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	770	17.55	$13,513.50	123,337	4
2023-11-22	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	731	18.22	$13,318.82	105,567	4
2023-08-23	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	705	18.66	$13,155.30	104,836	4
2023-05-24	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	753	17.23	$12,974.19	104,131	4
2023-05-18	Peters, Bradley P	Officer	Executive Vice President	Direct	Purchase	1,000	16.42	$16,420.00	57,113	4
2023-05-17	Mcmurray, Sean Patrick	Director	-	Direct	Purchase	5,000	16.10	$80,500.00	43,447	4
2023-05-16	Nelson, David D	Director,Officer	CEO & PRESIDENT	Indirect	Purchase	1,000	15.72	$15,720.00	83,348	4
2023-05-08	Milligan, George D	Director	-	Direct	Purchase	5,000	16.00	$80,000.00	65,338	4
2023-03-01	Milligan, George D	Director	-	Direct	Purchase	5,000	20.99	$104,950.00	58,470	4
2023-02-22	Nelson, David D	Director,Officer	CEO & PRESIDENT	Direct	Purchase	599	21.40	$12,818.60	115,378	4
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Institutional Ownership

No data available for chart

2026-03-31

47.56%

Inst. Shares: 8,060,307

Shares Outstanding: 16,948,000

2025-12-31

47.27%

Inst. Shares: 7,995,817

Shares Outstanding: 16,915,000

2025-09-30

45.45%

Inst. Shares: 7,699,291

Shares Outstanding: 16,941,000

2025-06-30

45.29%

Inst. Shares: 7,671,059

Shares Outstanding: 16,936,000

2025-03-31

45.85%

Inst. Shares: 7,721,350

Shares Outstanding: 16,840,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	8,060,307	16,948,000	47.56%
2025-12-31	7,995,817	16,915,000	47.27%
2025-09-30	7,699,291	16,941,000	45.45%
2025-06-30	7,671,059	16,936,000	45.29%
2025-03-31	7,721,350	16,840,000	45.85%
2024-12-31	7,630,743	16,806,000	45.40%
2024-09-30	7,516,817	16,833,000	44.66%
2024-06-30	7,469,801	16,828,000	44.39%
2024-03-31	7,109,024	16,732,000	42.49%
2023-12-31	7,065,601	16,704,000	42.30%
2023-09-30	6,933,936	16,725,000	41.46%
2023-06-30	7,039,854	16,722,000	42.10%
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WEST BANCORPORATION INC (WTBA) — SEC Financial Statements & Analysis

WEST BANCORPORATION INC (WTBA) is a state commercial banks company, incorporated in IA. WEST BANCORPORATION INC trades on Nasdaq as: WTBA. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), WEST BANCORPORATION INC reported a 4.79% year-over-year revenue growth, a Gross Profit Margin of -4848.12% (TTM), a Price-to-Sales (P/S) ratio of 227.62x (TTM), a Price-to-Book (P/B) ratio of 1.59x (TTM), at a market cap of $447.96M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 4.79%
Gross Profit Margin TTM: -4848.12%
P/S TTM: 227.62x
P/B TTM: 1.59x
Market Cap: $447.96M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is WEST BANCORPORATION INC in?

WEST BANCORPORATION INC (WTBA) operates in the State Commercial Banks industry.

What is WTBA's market cap?

WEST BANCORPORATION INC (WTBA) has a market capitalization of $447.96M as of 2026-06-30.

What is WTBA's P/E ratio?

WEST BANCORPORATION INC (WTBA)'s trailing twelve month P/E ratio is 11.67x as of 2026-06-30.

What exchange does WTBA trade on?

WEST BANCORPORATION INC (WTBA) trades on the Nasdaq.

Where is WEST BANCORPORATION INC incorporated?

WEST BANCORPORATION INC is incorporated in IA.