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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 $15.74Diluted shares 17.3M

West Bancorporation, Inc. (Nasdaq: WTBA) is a financial holding company whose primary business is banking through its subsidiary, West Bank, an Iowa-chartered community bank organized in 1893. West Bank provides commercial, real estate and consumer loans, deposit accounts, trust services, online and mobile banking,… From the company’s description.

Over the twelve months to Sep 30, 2026, West Bancorporation, Inc. reported revenue of $107.48M, up 15.8% from a year earlier, and net income of $40.70M. Its pre-tax margin was 45.6%. In fiscal 2025, it reported revenue of $95.24M, up 19.4% from fiscal 2024, and net income of $32.56M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$95.24MFY2025
+19.4% year over year
Last 12 mo $107.48M
39.75%FY2025
+5.4 percentage points
Last 12 mo 45.59%
$32.56MFY2025
+35.4% year over year
Last 12 mo $40.70M
12.24%FY2025
+1.7 percentage points
Last 12 mo 14.98%
Cash & financing
$46.48MFY2025
+16.8% year over year
Last 12 mo $54.75M
$43.15MFY2025
+215.6% year over year
Last 12 mo $53.40M
14.46FY2025
Was 16.46× a year earlier
Last 12 mo 13.19
17.0MFY2025
+0.6% year over year
Last 12 mo 17.3M

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: WTBA) is a financial holding company whose primary business is banking through its subsidiary, West Bank, an Iowa-chartered community bank organized in 1893. West Bank provides commercial, real estate and consumer loans, deposit accounts, trust services, online and mobile banking, and treasury management services to individuals and businesses, with a focus on small- and medium-sized businesses seeking local banking relationships. The company serves central and eastern Iowa and southern Minnesota through 11 locations, including markets such as Des Moines, Iowa City, Rochester and Mankato. Its banking operations are reported as a single business, with no reportable segments. At year-end 2025, West Bancorporation had $4.1 billion in total assets and $3.5 billion in deposits. The company was formed in 1984 to own West Bank, which remains its principal operating business. Its website is www.westbankstrong.com.

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

Financial performance, year by year

Fiscal 2011–2025 · USD
$-10.75M$21.50M$53.74M$85.99M$118.23M201120122013201420152016201720182019202020212022202320242025Last 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
—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
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—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

Put this business in context.

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