WTBA
West Bancorporation
NASDAQ: WTBA · FINANCIAL SERVICES · BANKS - REGIONAL
$23.84
-0.63% today
Updated 2026-05-06
Market cap
$408.85M
P/E ratio
11.60
P/S ratio
4.13x
EPS (TTM)
$2.07
Dividend yield
4.18%
52W range
$17 – $26
Volume
0.0M
West Bancorporation (WTBA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $95.90M | $54.26M | $77.38M | $76.63M | $70.98M | $62.19M | $61.15M | $60.47M | $63.82M | $67.44M | $72.12M | $81.68M | $92.55M | $106.99M | $109.37M | $116.42M | $133.56M | $169.75M | $197.84M | $198.49M |
| Revenue growth (YoY) | — | -43.4% | +42.6% | -1.0% | -7.4% | -12.4% | -1.7% | -1.1% | +5.5% | +5.7% | +6.9% | +13.3% | +13.3% | +15.6% | +2.2% | +6.4% | +14.7% | +27.1% | +16.5% | +0.3% |
| Cost of revenue | $42.39M | $46.17M | $48.03M | $51.14M | $25.07M | $12.47M | $10.09M | $6.21M | $6.91M | $6.84M | $8.88M | $12.98M | $22.48M | $32.84M | $29.40M | $10.72M | $29.11M | $91.97M | $119.70M | $103.24M |
| Gross profit | $53.51M | $54.26M | $29.35M | $25.50M | $45.91M | $49.73M | $51.06M | $54.26M | $56.91M | $60.59M | $63.24M | $68.70M | $70.06M | $74.15M | $79.97M | $105.69M | $104.45M | $77.78M | $78.13M | $95.25M |
| Gross margin | 55.8% | 100.0% | 37.9% | 33.3% | 64.7% | 80.0% | 83.5% | 89.7% | 89.2% | 89.9% | 87.7% | 84.1% | 75.7% | 69.3% | 73.1% | 90.8% | 78.2% | 45.8% | 39.5% | 48.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $13.94M | $13.56M | $11.61M | $14.44M | $16.88M | $17.15M | $18.36M | $19.81M | $20.47M | $21.11M | $22.22M | $21.94M | $23.17M | $25.75M | $27.77M | $26.31M | $27.65M | $30.50M | $31.80M | $37.55M |
| Operating income | $28.54M | $71.22M | $8.70M | $-12.41M | $18.71M | $21.34M | $22.77M | $24.21M | $26.69M | $31.44M | $32.95M | $36.44M | $35.07M | $35.74M | $41.38M | $62.91M | $59.40M | $29.79M | $27.44M | $41.42M |
| Operating margin | 29.8% | 131.3% | 11.2% | -16.2% | 26.4% | 34.3% | 37.2% | 40.0% | 41.8% | 46.6% | 45.7% | 44.6% | 37.9% | 33.4% | 37.8% | 54.0% | 44.5% | 17.5% | 13.9% | 20.9% |
| EBITDA | $29.84M | $71.22M | $9.91M | $-10.92M | $21.01M | $25.09M | $27.77M | $29.83M | $31.31M | $36.25M | $38.29M | $41.94M | $41.42M | $40.81M | $44.77M | $66.52M | $63.86M | $34.94M | $34.37M | $41.42M |
| EBITDA margin | 31.1% | 131.3% | 12.8% | -14.3% | 29.6% | 40.3% | 45.4% | 49.3% | 49.1% | 53.8% | 53.1% | 51.3% | 44.8% | 38.1% | 40.9% | 57.1% | 47.8% | 20.6% | 17.4% | 20.9% |
| EBIT | $28.54M | $71.22M | $8.70M | $-12.41M | $18.71M | $21.34M | $22.77M | $24.21M | $26.69M | $31.44M | $32.95M | $36.44M | $35.07M | $35.74M | $41.38M | $62.91M | $59.40M | $29.79M | $27.44M | — |
| Interest expense | $40.67M | $43.82M | $31.43M | $26.64M | $19.02M | $11.92M | $9.46M | $7.06M | $6.16M | $5.99M | $7.88M | $12.98M | $22.73M | $32.24M | $17.40M | $12.22M | $31.61M | $91.27M | $118.70M | $103.24M |
| Income tax | $9.13M | $8.48M | $1.39M | $-7.36M | $5.33M | $6.07M | $6.76M | $7.32M | $6.65M | $9.70M | $9.94M | $13.37M | $6.56M | $7.05M | $8.67M | $13.30M | $13.00M | $5.65M | $3.39M | $8.86M |
| Effective tax rate | 32.0% | 30.9% | 15.4% | 33.5% | 28.5% | 28.5% | 29.7% | 30.2% | 24.9% | 30.8% | 30.2% | 36.7% | 18.7% | 19.7% | 20.9% | 21.1% | 21.9% | 19.0% | 12.4% | 21.4% |
| Net income | $19.41M | $18.92M | $7.64M | $-14.62M | $13.38M | $15.27M | $16.01M | $16.89M | $20.04M | $21.74M | $23.02M | $23.07M | $28.51M | $28.69M | $32.71M | $49.61M | $46.40M | $24.14M | $24.05M | $32.56M |
| Net income growth (YoY) | — | -2.5% | -59.6% | -291.4% | +191.6% | +14.1% | +4.9% | +5.5% | +18.6% | +8.5% | +5.9% | +0.2% | +23.6% | +0.6% | +14.0% | +51.6% | -6.5% | -48.0% | -0.4% | +35.4% |
| Profit margin | 20.2% | 34.9% | 9.9% | -19.1% | 18.9% | 24.5% | 26.2% | 27.9% | 31.4% | 32.2% | 31.9% | 28.2% | 30.8% | 26.8% | 29.9% | 42.6% | 34.7% | 14.2% | 12.2% | 16.4% |