West Bancorporation financials
$28.58−1.31%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $198.5M | $198.5M | $170.4M | $133.6M | $117.0M | $108.5M | $107.0M | $92.5M | $81.7M | $73.0M |
| Gross profit | $95.2M | $79.8M | $79.1M | $101.9M | $104.8M | $91.1M | $74.7M | $69.8M | $68.7M | $65.1M |
| Gross margin | 48.0% | 40.2% | 46.4% | 76.3% | 89.6% | 84.0% | 69.9% | 75.4% | 84.1% | 89.2% |
| Operating income | $41.4M | $27.4M | $29.8M | $59.4M | $62.9M | $41.4M | $35.7M | $35.1M | $36.4M | $33.0M |
| Net income | $32.6M | $24.1M | $24.1M | $46.4M | $49.6M | $32.7M | $28.7M | $28.5M | $23.1M | $23.0M |
| Net margin | 16.4% | 12.1% | 14.2% | 34.7% | 42.4% | 30.1% | 26.8% | 30.8% | 28.2% | 31.5% |
| Diluted EPS | $1.92 | $1.42 | $1.44 | $2.76 | $2.95 | $1.98 | $1.74 | $1.74 | $1.41 | $1.42 |
| EBITDA | $41.4M | $27.4M | $29.8M | $59.4M | $62.9M | $41.4M | $35.7M | $35.4M | $36.4M | $33.0M |
| Operating cash flow | $46.5M | $39.8M | $25.2M | $59.4M | $57.9M | $42.3M | $37.0M | $34.7M | $29.4M | $30.3M |
| Free cash flow | $43.2M | $13.7M | -$11.1M | $38.1M | $49.1M | $40.0M | $36.5M | $34.5M | $28.3M | $17.5M |
| Diluted shares | 17.0M | 16.9M | 16.8M | 16.8M | 16.8M | 16.5M | 16.5M | 16.4M | 16.3M | 16.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $25.2M | $28.8M | $33.2M | $24.9M | $17.6M | $77.7M |
| Short-term investments | $929.5M | $774.4M | $679.0M | $685.1M | $944.1M | $751.0M |
| Total debt | $106.4M | $392.6M | $442.4M | $285.9M | $197.0M | $217.0M |
| Total assets | $4.14B | $4.01B | $3.83B | $3.61B | $3.50B | $3.19B |
| Total liabilities | $3.88B | $3.79B | $3.60B | $3.40B | $3.24B | $2.96B |
| Shareholders' equity | $266.0M | $227.9M | $225.0M | $211.1M | $260.3M | $223.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology