West Bancorporation Inc. (WTBA)
Nasdaq · State Commercial Banks · Finance, insurance and real estate · CIK 1166928 · fiscal year ends in Dec
Closing price $29.86 on 29 Oct 2026; 52-week range $21.04 to $30.52.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $107.5M
- Revenue growth
- 15.8%
- Net income, last twelve months
- $40.7M
- Earnings per share
- $2.35
- Net margin
- 37.9%
- Free cash flow
- $53.4M
- Return on equity
- 15.0%
- Market value
- $508.9M
- Price to earnings
- 12.7x
- Dividend yield
- 3.4%
- Cash
- $272.4M
- Debt
- $312.9M
- Debt to equity
- 1.15
- Shares outstanding
- 17.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $95.2M | – | $32.6M | $1.92 | $43.2M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $79.8M | – | $24.1M | $1.42 | $13.7M | 10-K filed 20 Feb 2025 |
| FY2023 | 31 Dec 2023 | $79.1M | – | $24.1M | $1.44 | -$11.1M | 10-K filed 22 Feb 2024 |
| FY2022 | 31 Dec 2022 | $101.9M | – | $46.4M | $2.76 | $38.1M | 10-K filed 23 Feb 2023 |
| FY2021 | 31 Dec 2021 | $104.8M | – | $49.6M | $2.95 | $49.1M | 10-K filed 24 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $29.1M | $11.6M | $0.67 |
| Q2 FY2026 | 30 Jun 2026 | $28.1M | $11.1M | $0.64 |
| Q1 FY2026 | 31 Mar 2026 | $26.9M | $10.6M | $0.61 |
| Q4 FY2025 | 31 Dec 2025 | $23.3M | $7.4M | $0.43 |
| Q3 FY2025 | 30 Sep 2025 | $25.0M | $9.3M | $0.55 |
| Q2 FY2025 | 30 Jun 2025 | $23.8M | $8.0M | $0.47 |
| Q1 FY2025 | 31 Mar 2025 | $23.1M | $7.8M | $0.46 |
| Q4 FY2024 | 31 Dec 2024 | $20.9M | $7.1M | $0.42 |
Company events
The newest 8-K filings of 205 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 23 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 24 Apr 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 23 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 29 Jan 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 23 Oct 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 17 Oct 2025 | 8-K | Leadership change | 5.02 |
| 24 Jul 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 12 Jun 2025 | 8-K | Investor update | 7.01, 9.01 |
| 25 Apr 2025 | 8-K | Shareholder vote | 5.07, 9.01 |
| 24 Apr 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 23 Jan 2025 | 8-K | Results, Leadership change, Investor update | 2.02, 5.02, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 460 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 29 Oct 2026 | 10-Q | 30 Sep 2026 |
| 25 Aug 2026 | N-PX | 30 Jun 2026 |
| 23 Jul 2026 | 8-K | 23 Jul 2026 |
| 23 Jul 2026 | 10-Q | 30 Jun 2026 |
| 25 Jun 2026 | 11-K | 31 Dec 2025 |
| 24 Apr 2026 | 8-K | 23 Apr 2026 |
| 23 Apr 2026 | 8-K | 23 Apr 2026 |
| 23 Apr 2026 | 10-Q | 31 Mar 2026 |
| 11 Mar 2026 | EFFECT | – |
| 9 Mar 2026 | CORRESP | – |
| 5 Mar 2026 | UPLOAD | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 24 Nov 2025 | Milligan George D, Director | Sale outside a trading plan | 10,000 | $21.71 | $217.1K | 53,195 | 25 Nov 2025 |
| 21 Nov 2025 | Milligan George D, Director | Sale outside a trading plan | 5,826 | $22.00 | $128.2K | 63,195 | 25 Nov 2025 |
| 11 Nov 2025 | Gulling Douglas R, Director | Sale outside a trading plan | 7,900 | $21.75 | $171.8K | 72,338 | 12 Nov 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 5 Dec 2025 | MILLIGAN GEORGE D, Director | 5,826 | $127.8K | 21 Nov 2025 |
| 12 Nov 2025 | GULLING DOUGLAS R, Officer | 7,900 | $172.8K | 11 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 31 Oct 2025 | The Vanguard Group | 13G | 5.16% | 875.7K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 373.4K | +1.3% | 5.41 |
| 30 Sep 2026 | 368.6K | -13.4% | 6.82 |
| 15 Sep 2026 | 425.6K | +2.12% | 8.62 |
| 31 Aug 2026 | 416.8K | +8.48% | 7.16 |
| 14 Aug 2026 | 384.2K | +11.04% | 4.21 |
| 31 Jul 2026 | 346.0K | -11.66% | 6.77 |
| 15 Jul 2026 | 391.7K | -2.83% | 6.8 |
| 30 Jun 2026 | 403.1K | +28.67% | 3.42 |
Funds that hold it
From each fund's latest Form 13F.
125 funds held it at 30 Jun 2026: 60 added and 25 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| FMR LLC | 1,443,577 | $38.3M | +6 |
| BlackRock, Inc. | 1,344,061 | $35.7M | +167,061 |
| Dimensional Fund Advisors LP | 648,581 | $17.2M | -3,343 |
| Vanguard Capital Management LLC | 647,004 | $17.2M | -54,068 |
| West Bancorporation Inc. | 415,411 | $11.0M | -2,750 |
| Aptus Capital Advisors, LLC | 411,047 | $10.9M | +2,479 |
| Geode Capital Management, LLC | 395,349 | $10.5M | +30,842 |
| American Century Companies Inc. | 377,827 | $10.0M | +111,170 |
| State Street Corp. | 344,730 | $9.1M | +2,564 |
| Legacy Bridge, LLC | 225,579 | $6.0M | -20,222 |
Peers
Companies in the same industry.
- Bank of Nova Scotia (BNS): revenue $27.0B, market value $118.0B
- Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $101.3B
- Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.3B
- Fifth Third Bancorp (FITB): revenue $10.7B, market value $49.4B
- State Street Corp. (STT): revenue $15.5B, market value $47.4B
- M&T Bank Corp. (MTB): revenue $10.0B, market value $32.4B
- Northern Trust Corp. (NTRS): revenue $9.3B, market value $31.3B
- Banco Bradesco S.A. (BBD): revenue –, market value $27.8B
- Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.7B
- First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $27.5B