West Bancorporation (WTBA) Financial Statements & Analysis

West Bancorporation (WTBA) Income Statement

West Bancorporation reported revenue of $95.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 51.9% from $197.84M a year earlier. Net income was $32.56M, up 35.4% year over year, a net margin of 34.2%. Gross margin was 100.0% and operating margin 43.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $27.90M, down 44.4% from the same quarter a year earlier.

West Bancorporation Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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West Bancorporation, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	95.25	197.84	79.10	101.95	106.29	109.37	106.99	92.55	81.68
Cost of Revenue	103.24	119.70	91.97	29.11	10.72	29.40	32.85	22.49	12.98
Gross Profit	95.25	78.13	77.78	104.45	105.70	79.97	74.15	70.06	68.71
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	15.14	31.89	28.81	27.65	11.12	27.98	25.75	23.17	21.94
Operating Expenses	53.83	50.69	47.99	45.05	42.79	38.59	38.41	34.99	32.27
Operating Income	41.42	27.44	29.79	59.40	62.91	41.38	35.74	35.07	36.44
Other Income/Expense
Interest Income	192.23	190.07	160.31	123.35	107.28	100.23	98.68	84.79	73.03
Interest Expense	103.24	118.70	91.27	31.61	12.22	17.40	32.25	22.74	12.98
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	41.42	27.44	29.79	59.40	62.91	41.38	35.74	35.07	36.44
Income Tax Expense	8.86	3.39	5.65	13.00	13.30	8.67	7.05	6.56	13.37
Net Income	32.56	24.05	24.14	46.40	49.61	32.71	28.69	28.51	23.07
Net Income - Continuous Operations	32.56	24.05	24.14	46.40	49.61	32.71	28.69	28.51	23.07
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	4.52	34.37	1.86	1.50	1.50	44.77	40.81	41.42	41.94
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	7.59	6.92	5.15	4.46	3.62	3.39	5.07	6.35	5.50
Earnings Per Share
Basic EPS	2.00	1.00	1.00	3.00	3.00	2.00	2.00	2.00	1.00
Diluted EPS	2.00	1.00	1.00	3.00	3.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	16.92	16.83	16.76	16.63	16.53	16.45	16.36	16.28	16.19
Diluted Shares Outstanding	17.00	16.90	16.76	16.81	16.79	16.52	16.48	16.40	16.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About West Bancorporation Financial Statements

What was West Bancorporation's revenue in fiscal 2025?

West Bancorporation reported revenue of $95.25M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 51.9% from $197.84M a year earlier.

Is West Bancorporation profitable?

Yes. West Bancorporation earned net income of $32.56M in fiscal 2025, a net margin of 34.2%. In fiscal 2024 it earned $24.05M.

What is West Bancorporation's operating margin?

West Bancorporation's operating income was $41.42M on revenue of $95.25M in fiscal 2025, an operating margin of 43.5%, compared with 13.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition