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Companies / Financials / WEST BANCORPORATION INC
WTBA

WEST BANCORPORATION INC

FinancialsBanks & Brokers
Ticker WTBAWEST DES MOINES, IAFiscal year ends DecemberBook value per share $16.33Diluted shares 17.2M

West Bancorporation, Inc. (Nasdaq: WTBK) is a financial holding company that owns and operates West Bank, an Iowa-chartered community bank established in 1893. The company provides comprehensive banking and financial services to customers across central Iowa, eastern Iowa, and southern Minnesota through eleven… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$95.24M
+19.4% year over year
Last 12 mo $103.37M
39.75%
+5.4 percentage points
Last 12 mo 43.82%
$32.56M
+35.4% year over year
Last 12 mo $38.38M
12.24%
+1.7 percentage points
Last 12 mo 13.66%
Cash & financing
$46.48M
+16.8% year over year
Last 12 mo $50.45M
$43.15M
+215.6% year over year
Last 12 mo $48.59M
14.46
Was 16.46× a year earlier
Last 12 mo 1.33
17.0M
+0.6% year over year
Last 12 mo 17.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What WEST BANCORPORATION INC does

In the company’s own words

West Bancorporation, Inc. (Nasdaq: WTBK) is a financial holding company that owns and operates West Bank, an Iowa-chartered community bank established in 1893. The company provides comprehensive banking and financial services to customers across central Iowa, eastern Iowa, and southern Minnesota through eleven locations strategically positioned in the Des Moines, Iowa City-Coralville, Rochester, Owatonna, Mankato, and St. Cloud markets.

West Bank's core business encompasses commercial and consumer lending, deposit services, and trust administration. The bank offers a full range of credit products including commercial loans, real estate financing, and consumer credit. On the deposit side, West Bank provides checking, savings, money market accounts, and certificates of deposit. The institution also delivers trust services involving estate administration, conservatorships, personal trusts, and agency accounts. Treasury management services for business customers include online and mobile cash management, automated clearing house transactions, remote deposit capture, lock box services, merchant card processing, and corporate credit cards.

The company's business strategy emphasizes relationship banking focused on small- to medium-sized businesses in its local markets, combining personalized service with financial expertise. West Bank operates with a lean staffing model that prioritizes teamwork and sound practices, allowing it to maintain operational efficiency while serving its customer base. The bank's market areas benefit from economic diversification anchored by major employers including Principal Financial Group, Wells Fargo, Hy-Vee, John Deere, Mayo Clinic, and various educational and healthcare institutions.

As of December 31, 2025, West Bancorporation reported total assets of $4.1 billion and total deposits of $3.5 billion. The company maintains a strong capital position with a tangible common equity ratio of 6.42 percent. West Bank ranked seventh in deposit share among Iowa banks as of June 30, 2025, according to FDIC data. The company competes in a dynamic financial services landscape against regional and national banks, credit unions, and emerging fintech providers, leveraging its local market knowledge and community relationships as competitive advantages.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
WEST DES MOINES, IA
Fiscal year end
December
CIK
1166928
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-10.48M$20.96M$52.39M$83.83M$115.27M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns WEST BANCORPORATION INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

155
funds hold it
0 of 35
superinvestors hold it
$110.42M
held by funds, at market
26.0%
of shares held by funds

Largest fund holders · WEST BANCORPORATION INC’s weight in each

Fidelity Low-Priced Stock Fund
FLPSX · Fidelity Puritan Trust
0.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Opus Small Cap Value ETF
OSCV · ETF Series Solutions
1.44%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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