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West Bancorporation

WTBA

West Bancorporation is a financial holding company that operates West Bank, a business-focused community bank serving markets in Iowa and Minnesota.

Market cap
$477.13M+54.5%
Revenue$103.4M+17.3%
Net income$38.4M+33.0%
Free cash flow$48.6M+34.4%
EPS (diluted)$2.24+31.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$29.0M
EPS estimate$0.65

Financials

Q2 2026

Income statement

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Revenue$28.1M+18.0%
Net income$11.1M+38.8%
EPS (diluted)$0.64+36.2%

Balance sheet

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Cash & equivalents$433.7M+25.6%
Total debt$23.8M-41.0%
Total equity$281.0M+16.6%
Total assets$4.0B-0.7%

Cash flow

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Operating cash flow$14.4M+6.2%
CapEx$293.0K-61.6%
Free cash flow$14.1M+10.3%

Valuation & ratios

Valuation

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Market cap$477.13M+54.5%
Enterprise value$67.18M+314%
P/E12.4×+1.3×
P/S4.6×+1.0×

Profitability

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Net margin37.1%+4.4pp
FCF margin47%+6.0pp

Returns & leverage

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Return on equity14.7%+2.3pp
Debt / equity0.1×-0.1×

Segments

By product

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Trust services$1.0M+30.8%
Debit card usage fees$514.0K+7.5%
Service charges on deposit accounts$476.0K-2.1%

Competitors

Profile

West Bancorporation is a financial holding company that operates West Bank, a business-focused community bank serving markets in Iowa and Minnesota. The company specializes in providing personalized commercial banking services to small- and medium-sized businesses, emphasizing long-term relationships and local decision-making. Its core value proposition centers on combining the financial expertise of a larger institution with the high-touch service and entrepreneurial attitude of a community bank.

Competitive position

A leading community bank in Iowa, ranking seventh in the state by deposit share, competing through local management flexibility and specialized business services.

GeographiesIowa, Minnesota, United States
Customer segmentsSME, Retail, Commercial
Business modelRelationship-based banking, Interest-income driven, Fee-based services
SuppliersFederal Reserve System, FDIC, Technology and core banking software providers, Retail and commercial depositors
CustomersAgribusinesses, Healthcare systems, Educational institutions, Technology companies, Real estate investors
Listed1995
Employees190.0
CEODavid D. Nelson
FilingsSEC EDGAR

Questions, answered.

What is West Bancorporation's market cap?
West Bancorporation (WTBA) has a market capitalization of $477.1M and trades on NASDAQ.
What is West Bancorporation's revenue and profitability?
West Bancorporation generated $103.4M in trailing twelve-month revenue with net income of $38.4M, representing a net margin of 37.1%, with free cash flow of $48.6M. These figures are based on the Q2 2026 filing.
Who are West Bancorporation's competitors?
West Bancorporation's key competitors include Wells Fargo, U.S. Bancorp, Westamerica Bancorporation, and others. These companies compete in similar markets and product categories.
Who does West Bancorporation partner with?
West Bancorporation's notable partners include Principal Financial Group, Wells Fargo, John Deere, and others.
What subsidiaries does West Bancorporation have?
West Bancorporation's subsidiaries include West Bank.
Where is West Bancorporation headquartered?
West Bancorporation is headquartered in United States of America and employs approximately 190 people. It has been publicly traded since 1995.