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West Bancorporation (WTBA) Financials

West Bancorporation logo
$19.43 -0.12 (-0.61%)
Closing price 05/30/2025 04:00 PM Eastern
Extended Trading
$19.40 -0.02 (-0.13%)
As of 05/30/2025 04:04 PM Eastern
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Annual Income Statements for West Bancorporation

Annual Income Statements for West Bancorporation

This table shows West Bancorporation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 24 24 46
Consolidated Net Income / (Loss)		 24 24 46
Net Income / (Loss) Continuing Operations		 24 24 46
Total Pre-Tax Income 		27 30 59
Total Revenue		 80 79 102
Net Interest Income / (Expense)		 71 69 92
Total Interest Income		 190 160 123
Loans and Leases Interest Income		 166 143 107
Investment Securities Interest Income		 16 17 16
Federal Funds Sold and Securities Borrowed Interest Income		 7.60 0.17 0.20
Total Interest Expense		 119 91 32
Deposits Interest Expense		 97 67 23
Long-Term Debt Interest Expense		 17 15 7.22
Federal Funds Purchased and Securities Sold Interest Expense		 4.25 9.53 1.76
Total Non-Interest Income		 8.43 10 10
Other Service Charges		 1.27 1.86 2.37
Net Realized & Unrealized Capital Gains on Investments		 -1.17 0.26 0.00
Other Non-Interest Income		 8.34 7.95 7.84
Provision for Credit Losses		 1.00 0.70 -2.50
Total Non-Interest Expense		 51 49 45
Salaries and Employee Benefits		 28 27 26
Net Occupancy & Equipment Expense		 13 11 9.65
Property & Liability Insurance Claims		 2.56 1.75 1.00
Other Operating Expenses		 8.00 9.16 8.57
Income Tax Expense		 3.39 5.65 13
Basic Earnings per Share		 $1.43 $1.44 $2.79
Weighted Average Basic Shares Outstanding		 16.83M 16.73M 16.64M
Diluted Earnings per Share		 $1.42 $1.44 $2.76
Weighted Average Diluted Shares Outstanding		 16.83M 16.73M 16.64M
Weighted Average Basic & Diluted Shares Outstanding		 16.83M 16.73M 16.64M
Cash Dividends to Common per Share		 $1.00 $1.00 $1.00

Quarterly Income Statements for West Bancorporation

This table shows West Bancorporation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Consolidated Net Income / (Loss)		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Net Income / (Loss) Continuing Operations		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Total Pre-Tax Income 		10 6.45 7.43 6.38 7.18 5.60 7.35 7.26 9.58 11 15
Total Revenue		 23 21 20 20 19 18 19 20 22 23 26
Net Interest Income / (Expense)		 21 19 18 17 17 16 17 17 19 21 23
Total Interest Income		 46 49 49 48 45 43 41 39 37 35 32
Loans and Leases Interest Income		 41 42 43 42 40 38 37 35 33 31 28
Investment Securities Interest Income		 3.53 3.75 4.07 4.20 4.23 4.39 4.31 4.32 4.20 4.29 4.04
Federal Funds Sold and Securities Borrowed Interest Income		 1.62 3.74 2.04 1.67 0.15 0.09 0.03 0.03 0.03 0.02 0.03
Total Interest Expense		 25 30 31 30 28 26 24 22 18 14 9.17
Deposits Interest Expense		 21 26 26 24 22 20 17 16 13 11 6.29
Short-Term Borrowings Interest Expense		 0.00 - 0.12 1.95 2.18 - 3.17 2.26 2.08 - 0.66
Long-Term Debt Interest Expense		 1.62 12 1.71 1.73 1.75 9.49 1.81 1.85 1.80 4.42 1.57
Federal Funds Purchased and Securities Sold Interest Expense		 2.24 -3.54 2.75 2.72 2.33 4.32 2.33 1.62 1.26 -0.15 0.65
Total Non-Interest Income		 2.24 1.43 2.36 2.35 2.30 1.90 2.82 2.39 2.96 2.27 3.28
Other Service Charges		 0.27 0.33 0.29 0.32 0.33 0.31 0.77 0.42 0.36 0.36 1.20
Other Non-Interest Income		 1.98 2.27 2.07 2.02 1.97 2.02 2.05 1.97 1.91 1.90 2.08
Provision for Credit Losses		 0.00 1.00 0.00 0.00 0.00 0.50 0.20 0.00 0.00 - 0.00
Total Non-Interest Expense		 13 13 13 13 12 12 12 12 12 12 11
Salaries and Employee Benefits		 7.00 7.11 6.82 7.17 6.49 6.47 6.70 7.03 6.87 6.55 6.58
Net Occupancy & Equipment Expense		 3.37 3.59 3.42 3.34 2.86 2.90 2.64 2.63 2.48 2.46 2.61
Property & Liability Insurance Claims		 0.59 0.70 0.71 0.63 0.52 0.48 0.44 0.42 0.42 0.24 0.13
Other Operating Expenses		 2.11 2.00 1.94 2.06 2.00 2.32 2.14 2.40 2.31 2.41 2.14
Income Tax Expense		 2.19 -0.64 1.48 1.19 1.37 1.07 1.45 1.39 1.74 2.32 3.22
Basic Earnings per Share		 $0.47 $0.42 $0.35 $0.31 $0.35 $0.27 $0.35 $0.35 $0.47 $0.53 $0.70
Weighted Average Basic Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Diluted Earnings per Share		 $0.46 $0.41 $0.35 $0.31 $0.35 $0.27 $0.35 $0.35 $0.47 $0.54 $0.69
Weighted Average Diluted Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Weighted Average Basic & Diluted Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Cash Dividends to Common per Share		 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25

Annual Cash Flow Statements for West Bancorporation

This table details how cash moves in and out of West Bancorporation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 178 39 -166
Net Cash From Operating Activities		 40 25 59
Net Cash From Continuing Operating Activities		 40 25 59
Net Income / (Loss) Continuing Operations		 24 24 46
Consolidated Net Income / (Loss)		 24 24 46
Provision For Loan Losses		 1.00 0.70 -2.50
Depreciation Expense		 3.72 1.86 1.50
Amortization Expense		 3.20 3.29 2.97
Non-Cash Adjustments to Reconcile Net Income		 5.54 2.25 3.98
Changes in Operating Assets and Liabilities, net		 2.30 -6.99 7.10
Net Cash From Investing Activities		 -27 -169 -358
Net Cash From Continuing Investing Activities		 -27 -169 -358
Purchase of Property, Leasehold Improvements and Equipment		 -26 -36 -21
Purchase of Investment Securities		 -135 -300 -482
Sale and/or Maturity of Investments		 134 168 146
Net Cash From Financing Activities		 166 182 132
Net Cash From Continuing Financing Activities		 166 182 132
Net Change in Deposits		 384 93 -136
Issuance of Debt		 0.00 0.00 59
Repayment of Debt		 -50 156 30
Payment of Dividends		 -17 -17 -17
Other Financing Activities, Net		 -151 -51 196
Cash Interest Paid		 117 88 29
Cash Income Taxes Paid		 1.48 5.72 11

Quarterly Cash Flow Statements for West Bancorporation

This table details how cash moves in and out of West Bancorporation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -33 86 7.98 1.80 83 45 -11 9.26 -4.06 -33 32
Net Cash From Operating Activities		 9.75 11 13 10 6.12 7.21 7.78 7.77 2.49 11 15
Net Cash From Continuing Operating Activities		 9.75 11 13 10 6.12 7.21 7.78 7.77 2.49 11 15
Net Income / (Loss) Continuing Operations		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Consolidated Net Income / (Loss)		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Provision For Loan Losses		 0.00 1.00 - - - 0.50 - - - - -
Depreciation Expense		 1.10 1.16 1.05 0.99 0.53 0.67 0.38 0.40 0.40 0.41 0.41
Amortization Expense		 0.77 0.78 0.82 0.81 0.80 0.79 0.86 0.81 0.83 0.72 0.84
Non-Cash Adjustments to Reconcile Net Income		 1.40 2.62 0.17 1.91 0.83 1.11 0.33 -0.27 1.09 0.27 0.67
Changes in Operating Assets and Liabilities, net		 -1.36 -1.90 4.94 1.10 -1.84 -0.39 0.10 0.96 -7.67 0.18 1.76
Net Cash From Investing Activities		 -2.95 46 -12 -5.63 -56 -64 -45 -46 -14 -122 -31
Net Cash From Continuing Investing Activities		 -2.95 46 -12 -5.63 -56 -64 -45 -46 -14 -122 -31
Purchase of Property, Leasehold Improvements and Equipment		 -1.49 -2.57 -5.98 -7.27 -10 -12 -9.70 -7.84 -7.16 -9.26 -3.51
Purchase of Investment Securities		 -12 16 -27 -38 -87 -103 -72 -80 -45 -157 -67
Sale and/or Maturity of Investments		 10 33 21 40 41 51 37 42 38 44 40
Net Cash From Financing Activities		 -40 29 6.67 -2.57 133 102 26 47 7.18 79 48
Net Cash From Continuing Financing Activities		 -40 29 6.67 -2.57 133 102 26 47 7.18 79 48
Net Change in Deposits		 -33 79 98 116 91 218 -81 38 -82 58 -20
Repayment of Debt		 -1.25 -46 -1.25 -1.25 -1.25 159 -1.25 -1.25 0.00 30 -
Payment of Dividends		 -4.21 -4.21 -4.21 -4.21 -4.18 -4.18 -4.18 -4.18 -4.16 -4.16 -4.16
Other Financing Activities, Net		 -1.13 - -86 -113 47 -111 77 -45 28 -4.50 72
Cash Interest Paid		 25 32 28 31 26 27 22 23 17 14 7.73
Cash Income Taxes Paid		 0.00 0.55 0.03 0.90 0.00 1.83 1.64 2.25 0.00 3.14 3.60

Annual Balance Sheets for West Bancorporation

This table presents West Bancorporation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 4,015 3,826 3,613
Cash and Due from Banks		 29 33 25
Federal Funds Sold		 215 32 1.64
Trading Account Securities		 545 624 664
Loans and Leases, Net of Allowance		 2,974 2,899 2,717
Loans and Leases		 3,005 2,928 2,743
Allowance for Loan and Lease Losses		 30 28 25
Premises and Equipment, Net		 110 86 53
Other Assets		 143 151 152
Total Liabilities & Shareholders' Equity		 4,015 3,826 3,613
Total Liabilities		 3,787 3,601 3,402
Non-Interest Bearing Deposits		 541 549 694
Interest Bearing Deposits		 2,817 2,425 2,187
Federal Funds Purchased and Securities Sold		 0.00 150 200
Long-Term Debt		 393 442 286
Other Long-Term Liabilities		 37 34 36
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 228 225 211
Total Preferred & Common Equity		 228 225 211
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 228 225 211
Common Stock		 39 37 35
Retained Earnings		 279 271 268
Accumulated Other Comprehensive Income / (Loss)		 -89 -84 -91

Quarterly Balance Sheets for West Bancorporation

This table presents West Bancorporation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 3,987 3,989 3,965 3,963 3,702 3,679 3,625 3,518
Cash and Due from Banks		 39 34 28 27 19 30 22 58
Federal Funds Sold		 171 124 122 121 1.80 1.97 0.90 1.05
Trading Account Securities		 547 598 588 606 609 645 665 672
Loans and Leases, Net of Allowance		 2,986 2,992 2,970 2,952 2,822 2,779 2,728 2,589
Loans and Leases		 3,016 3,021 2,999 2,980 2,850 2,807 2,756 2,614
Allowance for Loan and Lease Losses		 31 29 28 28 28 28 28 25
Premises and Equipment, Net		 110 107 102 96 76 67 60 45
Other Assets		 133 134 155 161 175 156 149 153
Total Liabilities & Shareholders' Equity		 3,987 3,989 3,965 3,963 3,702 3,679 3,625 3,518
Total Liabilities		 3,749 3,753 3,741 3,739 3,498 3,461 3,408 3,319
Non-Interest Bearing Deposits		 520 525 530 521 552 568 606 713
Interest Bearing Deposits		 2,805 2,753 2,650 2,544 2,204 2,268 2,193 2,110
Federal Funds Purchased and Securities Sold		 0.00 0.00 86 199 262 184 229 205
Long-Term Debt		 391 439 440 441 444 410 351 256
Other Long-Term Liabilities		 33 36 35 34 37 - 29 36
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 238 235 224 224 204 217 217 199
Total Preferred & Common Equity		 238 235 224 224 204 217 217 199
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 238 235 224 224 204 217 217 199
Common Stock		 38 38 37 37 36 36 35 34
Retained Earnings		 282 276 274 273 271 269 268 263
Accumulated Other Comprehensive Income / (Loss)		 -82 -78 -87 -86 -104 -88 -85 -98

Annual Metrics And Ratios for West Bancorporation

This table displays calculated financial ratios and metrics derived from West Bancorporation's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 0.88% -22.41% -2.71%
EBITDA Growth		 -1.63% -45.29% -4.00%
EBIT Growth		 -7.87% -49.85% -5.58%
NOPAT Growth		 -0.36% -47.98% -6.47%
Net Income Growth		 -0.36% -47.98% -6.47%
EPS Growth		 -1.39% -47.83% -6.44%
Operating Cash Flow Growth		 57.66% -57.52% 2.70%
Free Cash Flow Firm Growth		 148.50% -2,268.78% -79.56%
Invested Capital Growth		 -7.03% 34.30% 8.67%
Revenue Q/Q Growth		 3.36% -5.58% -3.79%
EBITDA Q/Q Growth		 4.03% -13.25% -5.47%
EBIT Q/Q Growth		 3.22% -15.99% -6.03%
NOPAT Q/Q Growth		 11.98% -15.48% -6.00%
Net Income Q/Q Growth		 11.98% -15.48% -6.00%
EPS Q/Q Growth		 10.94% -15.79% -5.48%
Operating Cash Flow Q/Q Growth		 9.78% -11.60% -7.65%
Free Cash Flow Firm Q/Q Growth		 1,463.49% 10.99% -34.52%
Invested Capital Q/Q Growth		 -7.96% 3.08% 9.33%
Profitability Metrics		 - - -
EBITDA Margin		 43.07% 44.17% 62.64%
EBIT Margin		 34.39% 37.66% 58.26%
Profit (Net Income) Margin		 30.14% 30.52% 45.51%
Tax Burden Percent		 87.64% 81.03% 78.12%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 12.36% 18.97% 21.88%
Return on Invested Capital (ROIC)		 3.73% 4.15% 9.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.73% 4.15% 9.72%
Return on Net Nonoperating Assets (RNNOA)		 6.89% 6.92% 9.96%
Return on Equity (ROE)		 10.62% 11.07% 19.68%
Cash Return on Invested Capital (CROIC)		 11.02% -25.13% 1.41%
Operating Return on Assets (OROA)		 0.70% 0.80% 1.67%
Return on Assets (ROA)		 0.61% 0.65% 1.30%
Return on Common Equity (ROCE)		 10.62% 11.07% 19.68%
Return on Equity Simple (ROE_SIMPLE)		 10.55% 10.73% 21.98%
Net Operating Profit after Tax (NOPAT)		 24 24 46
NOPAT Margin		 30.14% 30.52% 45.51%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.12% 47.66% 34.81%
Operating Expenses to Revenue		 64.36% 61.46% 44.19%
Earnings before Interest and Taxes (EBIT)		 27 30 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 34 35 64
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.58 1.48 1.79
Price to Tangible Book Value (P/TBV)		 1.58 1.48 1.79
Price to Revenue (P/Rev)		 4.52 4.20 3.70
Price to Earnings (P/E)		 14.98 13.77 8.13
Dividend Yield		 4.67% 5.03% 4.41%
Earnings Yield		 6.67% 7.26% 12.30%
Enterprise Value to Invested Capital (EV/IC)		 0.82 1.06 1.28
Enterprise Value to Revenue (EV/Rev)		 6.38 8.97 6.25
Enterprise Value to EBITDA (EV/EBITDA)		 14.83 20.30 9.97
Enterprise Value to EBIT (EV/EBIT)		 18.57 23.81 10.72
Enterprise Value to NOPAT (EV/NOPAT)		 21.18 29.39 13.72
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.80 28.09 10.71
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.18 0.00 94.38
Leverage & Solvency		 - - -
Debt to Equity		 1.72 1.97 1.35
Long-Term Debt to Equity		 1.72 1.97 1.35
Financial Leverage		 1.84 1.67 1.02
Leverage Ratio		 17.31 17.06 15.09
Compound Leverage Factor		 17.31 17.06 15.09
Debt to Total Capital		 63.28% 66.28% 57.52%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 63.28% 66.28% 57.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 36.72% 33.72% 42.48%
Debt to EBITDA		 11.42 12.66 4.48
Net Debt to EBITDA		 4.34 10.79 4.06
Long-Term Debt to EBITDA		 11.42 12.66 4.48
Debt to NOPAT		 16.33 18.33 6.16
Net Debt to NOPAT		 6.20 15.62 5.59
Long-Term Debt to NOPAT		 16.33 18.33 6.16
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 71 -146 6.75
Operating Cash Flow to CapEx		 152.31% 69.39% 278.91%
Free Cash Flow to Firm to Interest Expense		 0.60 -1.60 0.21
Operating Cash Flow to Interest Expense		 0.34 0.28 1.88
Operating Cash Flow Less CapEx to Interest Expense		 0.12 -0.12 1.21
Efficiency Ratios		 - - -
Asset Turnover		 0.02 0.02 0.03
Fixed Asset Turnover		 0.81 1.13 2.33
Capital & Investment Metrics		 - - -
Invested Capital		 621 667 497
Invested Capital Turnover		 0.12 0.14 0.21
Increase / (Decrease) in Invested Capital		 -47 170 40
Enterprise Value (EV)		 509 709 637
Market Capitalization		 360 332 377
Book Value per Share		 $13.54 $13.46 $12.69
Tangible Book Value per Share		 $13.54 $13.46 $12.69
Total Capital		 621 667 497
Total Debt		 393 442 286
Total Long-Term Debt		 393 442 286
Net Debt		 149 377 259
Capital Expenditures (CapEx)		 26 36 21
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 393 442 286
Total Depreciation and Amortization (D&A)		 6.92 5.15 4.46
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $1.43 $0.00 $2.79
Adjusted Weighted Average Basic Shares Outstanding		 16.83M 0.00 16.64M
Adjusted Diluted Earnings per Share		 $1.42 $0.00 $2.76
Adjusted Weighted Average Diluted Shares Outstanding		 16.83M 0.00 16.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.83M 0.00 16.64M
Normalized Net Operating Profit after Tax (NOPAT)		 24 24 46
Normalized NOPAT Margin		 30.14% 30.52% 45.51%
Pre Tax Income Margin		 34.39% 37.66% 58.26%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.23 0.33 1.88
NOPAT to Interest Expense		 0.20 0.26 1.47
EBIT Less CapEx to Interest Expense		 0.01 -0.07 1.20
NOPAT Less CapEx to Interest Expense		 -0.02 -0.13 0.79
Payout Ratios		 - - -
Dividend Payout Ratio		 69.88% 69.21% 35.82%
Augmented Payout Ratio		 69.88% 69.21% 35.82%

Quarterly Metrics And Ratios for West Bancorporation

This table displays calculated financial ratios and metrics derived from West Bancorporation's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 21.26% 14.20% 4.44% -0.78% -12.02% -20.38% -25.97% -25.59% -17.41% -14.90% -2.26%
EBITDA Growth		 40.07% 18.86% 8.16% -3.42% -21.37% -43.05% -46.53% -53.25% -37.41% -22.98% -5.96%
EBIT Growth		 39.74% 15.27% 1.03% -12.05% -25.05% -50.32% -50.40% -57.32% -41.24% -25.27% -8.36%
NOPAT Growth		 35.00% 56.84% 0.78% -11.43% -25.94% -49.42% -49.10% -53.72% -40.50% -24.89% -8.69%
Net Income Growth		 35.00% 56.84% 0.78% -11.43% -25.94% -49.42% -49.10% -53.72% -40.50% -24.89% -8.69%
EPS Growth		 31.43% 51.85% 0.00% -11.43% -25.53% -50.00% -49.28% -53.33% -39.74% -22.86% -9.21%
Operating Cash Flow Growth		 59.27% 49.23% 66.23% 28.73% 145.43% -31.50% -49.07% -57.13% -83.93% -31.90% 9.69%
Free Cash Flow Firm Growth		 147.65% 132.55% 88.92% 78.65% 27.97% -440.33% -581.11% -217.13% -513.12% -553.48% -190.94%
Invested Capital Growth		 -5.36% -7.03% 4.12% 5.91% 17.08% 34.30% 42.44% 32.83% 31.03% 8.67% 9.40%
Revenue Q/Q Growth		 10.77% 2.62% 3.80% 2.77% 4.33% -6.15% -1.39% -8.88% -5.59% -12.73% -0.89%
EBITDA Q/Q Growth		 41.95% -9.73% 13.63% -3.81% 20.46% -17.85% 1.46% -21.68% -12.75% -22.88% -11.29%
EBIT Q/Q Growth		 55.51% -13.11% 16.37% -11.13% 28.28% -23.85% 1.31% -24.27% -14.98% -23.97% -12.82%
NOPAT Q/Q Growth		 10.50% 19.24% 14.64% -10.62% 28.38% -23.38% 0.75% -25.27% -12.32% -22.89% -8.41%
Net Income Q/Q Growth		 10.50% 19.24% 14.64% -10.62% 28.38% -23.38% 0.75% -25.27% -12.32% -22.89% -8.41%
EPS Q/Q Growth		 12.20% 17.14% 12.90% -11.43% 29.63% -22.86% 0.00% -25.53% -12.96% -21.74% -8.00%
Operating Cash Flow Q/Q Growth		 -9.33% -16.86% 29.30% 63.40% -15.05% -7.39% 0.13% 211.55% -76.29% -31.15% -15.72%
Free Cash Flow Firm Q/Q Growth		 -19.52% 360.51% 34.87% 65.11% 45.02% 11.29% -25.47% -17.71% -312.40% -11.83% 41.58%
Invested Capital Q/Q Growth		 1.42% -7.96% 1.55% -0.16% -0.37% 3.08% 3.29% 10.38% 14.28% 9.33% -3.68%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 51.56% 40.24% 45.74% 41.78% 44.64% 38.66% 44.17% 42.92% 49.94% 54.04% 61.15%
EBIT Margin		 43.45% 30.95% 36.55% 32.60% 37.70% 30.66% 37.78% 36.78% 44.25% 49.14% 56.40%
Profit (Net Income) Margin		 33.95% 34.04% 29.29% 26.52% 30.50% 24.78% 30.36% 29.71% 36.23% 39.01% 44.15%
Tax Burden Percent		 78.15% 109.98% 80.14% 81.35% 80.89% 80.83% 80.34% 80.79% 81.87% 79.39% 78.28%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.85% -9.98% 19.86% 18.65% 19.11% 19.17% 19.66% 19.21% 18.13% 20.61% 21.72%
Return on Invested Capital (ROIC)		 4.40% 4.22% 3.42% 3.14% 3.78% 3.37% 4.62% 4.90% 7.05% 8.33% 10.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.40% 4.22% 3.42% 3.14% 3.78% 3.37% 4.62% 4.90% 7.05% 8.33% 10.75%
Return on Net Nonoperating Assets (RNNOA)		 7.93% 7.78% 6.87% 6.04% 6.80% 5.62% 8.01% 7.52% 8.51% 8.54% 9.99%
Return on Equity (ROE)		 12.33% 11.99% 10.30% 9.18% 10.59% 8.99% 12.63% 12.42% 15.56% 16.87% 20.74%
Cash Return on Invested Capital (CROIC)		 9.54% 11.02% -0.79% -2.42% -12.15% -25.13% -29.83% -21.96% -18.66% 1.41% 2.37%
Operating Return on Assets (OROA)		 0.92% 0.63% 0.73% 0.65% 0.76% 0.65% 0.88% 0.93% 1.20% 1.41% 1.77%
Return on Assets (ROA)		 0.72% 0.69% 0.59% 0.53% 0.61% 0.53% 0.70% 0.75% 0.98% 1.12% 1.38%
Return on Common Equity (ROCE)		 12.33% 11.99% 10.30% 9.18% 10.59% 8.99% 12.63% 12.42% 15.56% 16.87% 20.74%
Return on Equity Simple (ROE_SIMPLE)		 10.97% 0.00% 9.13% 9.57% 9.88% 0.00% 14.00% 15.78% 18.92% 0.00% 24.84%
Net Operating Profit after Tax (NOPAT)		 7.84 7.10 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
NOPAT Margin		 33.95% 34.04% 29.29% 26.52% 30.50% 24.78% 30.36% 29.71% 36.23% 39.01% 44.15%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.90% 51.30% 50.41% 53.67% 49.08% 51.30% 47.96% 48.96% 43.15% 39.30% 34.96%
Operating Expenses to Revenue		 56.55% 64.26% 63.45% 67.40% 62.30% 66.60% 61.19% 63.22% 55.75% 50.86% 43.60%
Earnings before Interest and Taxes (EBIT)		 10 6.45 7.43 6.38 7.18 5.60 7.35 7.26 9.58 11 15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 8.39 9.29 8.18 8.50 7.06 8.59 8.47 11 12 16
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.41 1.58 1.33 1.30 0.00 1.48 1.24 1.29 1.26 1.79 1.53
Price to Tangible Book Value (P/TBV)		 1.41 1.58 1.33 1.30 0.00 1.48 1.24 1.29 1.26 1.79 1.53
Price to Revenue (P/Rev)		 4.00 4.52 4.05 3.80 0.00 4.20 3.01 3.10 2.80 3.70 2.87
Price to Earnings (P/E)		 12.87 14.98 14.56 13.54 0.00 13.77 8.83 8.19 6.65 8.13 6.16
Dividend Yield		 5.02% 4.67% 5.38% 5.79% 5.90% 5.03% 6.64% 5.96% 6.10% 4.41% 5.42%
Earnings Yield		 7.77% 6.67% 6.87% 7.38% 0.00% 7.26% 11.33% 12.21% 15.05% 12.30% 16.24%
Enterprise Value to Invested Capital (EV/IC)		 0.82 0.82 0.88 0.87 0.00 1.06 1.04 1.05 1.06 1.28 1.10
Enterprise Value to Revenue (EV/Rev)		 6.16 6.38 7.69 7.60 0.00 8.97 8.06 7.27 6.17 6.25 4.72
Enterprise Value to EBITDA (EV/EBITDA)		 13.67 14.83 17.97 17.95 0.00 20.30 16.76 13.79 10.48 9.97 7.41
Enterprise Value to EBIT (EV/EBIT)		 17.05 18.57 22.33 21.89 0.00 23.81 19.04 15.34 11.42 10.72 7.92
Enterprise Value to NOPAT (EV/NOPAT)		 19.80 21.18 27.65 27.08 0.00 29.39 23.63 19.23 14.65 13.72 10.14
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.89 12.80 16.38 18.66 0.00 28.09 23.63 18.27 12.96 10.71 7.77
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.37 7.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 94.38 48.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.65 1.72 1.86 1.97 1.97 1.97 2.18 1.89 1.62 1.35 1.29
Long-Term Debt to Equity		 1.65 1.72 1.86 1.97 1.97 1.97 2.18 1.89 1.62 1.35 1.29
Financial Leverage		 1.80 1.84 2.01 1.93 1.80 1.67 1.74 1.54 1.21 1.02 0.93
Leverage Ratio		 17.22 17.31 17.51 17.33 17.22 17.06 17.93 16.51 15.82 15.09 15.00
Compound Leverage Factor		 17.22 17.31 17.51 17.33 17.22 17.06 17.93 16.51 15.82 15.09 15.00
Debt to Total Capital		 62.20% 63.28% 65.09% 66.28% 66.35% 66.28% 68.50% 65.36% 61.79% 57.52% 56.27%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 62.20% 63.28% 65.09% 66.28% 66.35% 66.28% 68.50% 65.36% 61.79% 57.52% 56.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 37.80% 36.72% 34.91% 33.72% 33.65% 33.72% 31.50% 34.64% 38.21% 42.48% 43.73%
Debt to EBITDA		 10.36 11.42 13.28 13.61 13.52 12.66 11.01 8.58 6.11 4.48 3.79
Net Debt to EBITDA		 4.79 4.34 8.51 8.97 8.99 10.79 10.50 7.92 5.72 4.06 2.91
Long-Term Debt to EBITDA		 10.36 11.42 13.28 13.61 13.52 12.66 11.01 8.58 6.11 4.48 3.79
Debt to NOPAT		 15.01 16.33 20.43 20.53 19.96 18.33 15.53 11.96 8.55 6.16 5.18
Net Debt to NOPAT		 6.93 6.20 13.08 13.54 13.26 15.62 14.81 11.04 8.00 5.59 3.98
Long-Term Debt to NOPAT		 15.01 16.33 20.43 20.53 19.96 18.33 15.53 11.96 8.55 6.16 5.18
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 43 54 -21 -32 -91 -166 -187 -149 -127 -31 -27
Operating Cash Flow to CapEx		 653.42% 418.69% 216.45% 137.67% 59.27% 61.64% 80.21% 99.16% 34.81% 113.65% 435.46%
Free Cash Flow to Firm to Interest Expense		 1.72 1.81 -0.68 -1.05 -3.28 -6.30 -7.65 -6.77 -6.85 -2.12 -3.00
Operating Cash Flow to Interest Expense		 0.39 0.36 0.42 0.33 0.22 0.27 0.32 0.35 0.13 0.73 1.67
Operating Cash Flow Less CapEx to Interest Expense		 0.33 0.27 0.23 0.09 -0.15 -0.17 -0.08 0.00 -0.25 0.09 1.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 0.81 0.81 0.85 0.91 0.98 1.13 1.39 1.67 1.94 2.33 2.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 629 621 674 664 665 667 647 627 568 497 455
Invested Capital Turnover		 0.13 0.12 0.12 0.12 0.12 0.14 0.15 0.16 0.19 0.21 0.24
Increase / (Decrease) in Invested Capital		 -36 -47 27 37 97 170 193 155 134 40 39
Enterprise Value (EV)		 516 509 594 580 0.00 709 675 659 601 637 500
Market Capitalization		 336 360 313 290 0.00 332 252 281 273 377 304
Book Value per Share		 $14.13 $13.54 $13.98 $13.32 $13.31 $13.46 $12.19 $12.99 $13.04 $12.69 $11.94
Tangible Book Value per Share		 $14.13 $13.54 $13.98 $13.32 $13.31 $13.46 $12.19 $12.99 $13.04 $12.69 $11.94
Total Capital		 629 621 674 664 665 667 647 627 568 497 455
Total Debt		 391 393 439 440 441 442 444 410 351 286 256
Total Long-Term Debt		 391 393 439 440 441 442 444 410 351 286 256
Net Debt		 181 149 281 290 293 377 423 378 328 259 196
Capital Expenditures (CapEx)		 1.49 2.57 5.98 7.27 10 12 9.70 7.84 7.16 9.26 3.51
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 391 393 439 440 441 442 444 410 351 286 256
Total Depreciation and Amortization (D&A)		 1.88 1.94 1.87 1.80 1.32 1.46 1.24 1.21 1.23 1.13 1.25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.42 $0.35 $0.31 $0.35 $0.27 $0.35 $0.35 $0.47 $0.53 $0.70
Adjusted Weighted Average Basic Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Adjusted Diluted Earnings per Share		 $0.46 $0.41 $0.35 $0.31 $0.35 $0.27 $0.35 $0.35 $0.47 $0.54 $0.69
Adjusted Weighted Average Diluted Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.92M 16.83M 16.83M 16.83M 16.81M 16.73M 16.73M 16.73M 16.71M 16.64M 16.64M
Normalized Net Operating Profit after Tax (NOPAT)		 7.84 4.52 5.95 5.19 5.81 4.53 5.91 5.86 7.84 8.95 12
Normalized NOPAT Margin		 33.95% 21.66% 29.29% 26.52% 30.50% 24.78% 30.36% 29.71% 36.23% 39.01% 44.15%
Pre Tax Income Margin		 43.45% 30.95% 36.55% 32.60% 37.70% 30.66% 37.78% 36.78% 44.25% 49.14% 56.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.40 0.22 0.24 0.21 0.26 0.21 0.30 0.33 0.52 0.78 1.62
NOPAT to Interest Expense		 0.31 0.24 0.19 0.17 0.21 0.17 0.24 0.27 0.42 0.62 1.27
EBIT Less CapEx to Interest Expense		 0.34 0.13 0.05 -0.03 -0.11 -0.23 -0.10 -0.03 0.13 0.14 1.23
NOPAT Less CapEx to Interest Expense		 0.25 0.15 0.00 -0.07 -0.16 -0.27 -0.16 -0.09 0.04 -0.02 0.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 64.54% 69.88% 78.12% 78.16% 75.67% 69.21% 58.42% 48.64% 40.53% 35.82% 33.29%
Augmented Payout Ratio		 64.54% 69.88% 78.12% 78.16% 75.67% 69.21% 58.42% 48.64% 40.53% 35.82% 33.29%

Frequently Asked Questions About West Bancorporation's Financials

When does West Bancorporation's financial year end?

According to the most recent income statement we have on file, West Bancorporation's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has West Bancorporation's net income changed over the last 2 years?

West Bancorporation's net income appears to be on a downward trend, with a most recent value of $24.05 million in 2024, falling from $46.40 million in 2022. The previous period was $24.14 million in 2023. View West Bancorporation's forecast to see where analysts expect West Bancorporation to go next.

How has West Bancorporation revenue changed over the last 2 years?

Over the last 2 years, West Bancorporation's total revenue changed from $101.95 million in 2022 to $79.80 million in 2024, a change of -21.7%.

How much debt does West Bancorporation have?

West Bancorporation's total liabilities were at $3.79 billion at the end of 2024, a 5.2% increase from 2023, and a 11.3% increase since 2022.

How much cash does West Bancorporation have?

In the past 2 years, West Bancorporation's cash and equivalents has ranged from $24.90 million in 2022 to $33.25 million in 2023, and is currently $28.75 million as of their latest financial filing in 2024.

How has West Bancorporation's book value per share changed over the last 2 years?

Over the last 2 years, West Bancorporation's book value per share changed from 12.69 in 2022 to 13.54 in 2024, a change of 6.7%.


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This page (NASDAQ:WTBA) was last updated on 5/31/2025 by MarketBeat.com Staff
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