West Bancorporation, Inc. (WTBA)

West Bancorporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	162.61	142.92	107.1	95.59	90.67	85.51
Interest Income on Investments	20.83	17.38	16.25	11.7	9.57	13.16
Total Interest Income	183.43	160.31	123.35	107.28	100.23	98.68
Interest Paid on Deposits	91.6	66.8	22.63	7.95	11.26	25.21
Interest Paid on Borrowings	23.53	24.48	8.98	4.27	6.14	7.03
Total Interest Expense	115.13	91.27	31.61	12.22	17.4	32.25
Net Interest Income	68.3	69.03	91.74	95.06	82.83	66.43
Net Interest Income Growth (YoY)	-6.87%	-24.75%	-3.49%	14.76%	24.69%	7.05%
Trust Income	3.18	3.07	2.71	2.67	2.08	2.03
Gain (Loss) on Sale of Investments	-0.43	-0.43	-	0.05	0.08	-0.09
Other Non-Interest Income	4.99	5.57	5.31	4.66	5.09	3.89
Total Non-Interest Income	9.59	10.07	10.21	9.73	9.6	8.32
Non-Interest Income Growth (YoY)	-1.53%	-1.39%	4.92%	1.32%	15.44%	7.30%
Revenues Before Loan Losses	77.89	79.1	101.95	104.79	92.44	74.75
Provision for Loan Losses	0.5	0.7	-2.5	-1.5	12	0.6
Revenue	77.39	78.4	104.45	106.29	80.44	74.15
Revenue Growth (YoY)	-6.62%	-24.94%	-1.73%	32.14%	8.48%	5.83%
Salaries and Employee Benefits	24.39	23.95	22.48	20.65	19.28	18.8
Occupancy Expenses	1.22	-	-	-	-	-
Federal Deposit Insurance	2.34	1.75	1	1.82	1.21	0.4
Selling, General & Administrative	16.7	17.09	16.09	13.69	11.32	12.26
Other Non-Interest Expense	5.48	5.82	5.49	7.22	7.25	6.94
Total Non-Interest Expense	50.12	48.61	45.05	43.38	39.05	38.41
EBT Excluding Unusual Items	27.28	29.79	59.4	62.91	41.38	35.74
Pretax Income	26.59	29.79	59.4	62.91	41.38	35.74
Income Tax Expense	5.11	5.65	13	13.3	8.67	7.05
Net Income	21.48	24.14	46.4	49.61	32.71	28.69
Net Income to Common	21.48	24.14	46.4	49.61	32.71	28.69
Net Income Growth	-24.79%	-47.98%	-6.47%	51.65%	14.02%	0.64%
Basic Shares Outstanding	17	17	17	17	16	16
Diluted Shares Outstanding	17	17	17	17	17	16
Shares Change (YoY)	0.62%	-0.29%	0.05%	1.66%	0.21%	0.49%
EPS (Basic)	1.28	1.44	2.79	3.00	1.99	1.75
EPS (Diluted)	1.27	1.44	2.76	2.95	1.98	1.74
EPS Growth	-25.25%	-47.83%	-6.44%	48.99%	13.79%	0%
Dividend Per Share	1.000	1.000	1.000	0.940	0.840	0.830
Dividend Growth	0%	0%	6.38%	11.90%	1.20%	6.41%
Effective Tax Rate	19.22%	18.97%	21.88%	21.14%	20.95%	19.73%

Source: S&P Capital IQ. Banks template. Financial Sources.