West Bancorporation (WTBA) Cash Flow: Operating & Free Cash Flow

West Bancorporation (WTBA) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), West Bancorporation generated $46.48M of operating cash flow and spent $3.33M on capital expenditures. That left free cash flow of $43.15M, up 215.6% from $13.67M a year earlier, or 45.3% of revenue. It returned $18.05M to shareholders through $16.91M in dividends and $1.13M in share buybacks.

West Bancorporation Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for West Bancorporation, Inc. (WTBA) - 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
Operating Activities
Net Income	32.56	24.05	24.14	46.40	49.61	32.71	28.69	28.51	23.07
Depreciation & Amortization	4.52	6.92	5.15	4.46	3.62	3.39	5.07	6.35	5.50
Deferred Income Tax	0.35	2.98	0.45	1.58	0.08	-3.03	-0.03	-0.36	2.83
Stock Based Compensation	2.74	2.51	3.11	3.36	2.57	2.31	2.99	2.74	2.63
Change in Working Capital	0.48	2.30	-6.99	7.10	4.48	-4.44	0.51	-2.21	-3.40
Change in Accounts Receivable	0.84	0.76	-1.59	-3.10	2.34	-4.10	0.50	-0.29	-2.02
Change in Other Working Capital	-0.37	-1.13	-5.40	-0.96	-0.92	-0.34	0.02	-1.93	-1.37
Other Operating Activities	6.18	-1.13	-0.60	-0.96	-0.92	11.33	-0.26	-0.29	-1.29
Net Cash from Operating Activities	46.48	39.81	25.25	59.44	57.88	42.29	36.97	34.74	29.36
Investing Activities
Capital Expenditures	-3.33	-26.14	-36.39	-21.31	-8.74	-2.32	-1.05	-0.21	-1.06
Purchases of Investments	0.00	0.00	0.00	-120.08	-481.14	-232.41	-180.17	-96.17	-341.01
Sales/Maturities of Investments	104.89	68.20	53.66	79.96	126.11	215.88	245.45	121.34	156.37
Other Investing Activities	-0.04	7.83	-185.95	-9.37	-173.44	-348.32	-219.74	-213.68	-108.26
Net Cash from Investing Activities	93.30	-27.34	-168.68	-357.83	-537.21	-367.16	-155.50	-188.73	-293.97
Financing Activities
Debt Repayment	-5.00	-50.00	156.25	-0.04	-54.54	-6.37	35.89	64.12	-7.21
Common Stock Repurchased	-1.13	-1.09	-0.94	-1.52	-1.21	-0.75	-0.86	-1.08	-0.63
Dividends Paid	-16.91	-16.81	-16.70	-16.62	-15.54	-13.82	-13.58	-12.70	-11.50
Other Financing Activities	110.87	233.55	43.64	61.52	312.52	688.95	102.90	103.16	255.06
Net Cash from Financing Activities	87.83	165.65	182.25	132.11	275.72	668.02	124.35	153.51	235.72
Summary
Net Change in Cash	227.61	178.12	38.82	-166.29	-203.61	343.15	5.82	-0.48	-28.89
Cash at Beginning of Period	243.48	65.36	26.54	192.83	396.44	53.29	47.47	47.95	76.84
Cash at End of Period	471.09	243.48	65.36	26.54	192.83	396.44	53.29	47.47	47.95
Free Cash Flow	43.15	13.67	-11.14	38.13	49.14	39.97	35.92	34.53	28.30
Supplemental Disclosures
Interest Paid	-	117.00	87.85	28.87	12.64	-	-	-	-
Income Taxes Paid	-	1.48	5.72	10.63	13.38	-	-	-	-

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 Cash Flow

What is West Bancorporation's free cash flow?

West Bancorporation generated free cash flow of $43.15M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $46.48M minus $3.33M of capital expenditures. That was up 215.6% from $13.67M a year earlier. Free cash flow equaled 45.3% of revenue.

How much does West Bancorporation spend on capital expenditures?

West Bancorporation spent $3.33M on capital expenditures in fiscal 2025, compared with $26.14M a year earlier. That equals 7.2% of operating cash flow.

Does West Bancorporation pay dividends or buy back shares?

Yes. In fiscal 2025 West Bancorporation returned $16.91M in dividends and $1.13M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition