West Bancorporation, Inc. (WTBA)

West Bancorporation Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	75.79	78.4	104.45	106.29	80.44	74.15
Revenue Growth (YoY)	-23.54%	-24.94%	-1.73%	32.14%	8.48%	5.83%
Gross Profit	75.79	78.4	104.45	106.29	80.44	74.15
Selling, General & Admin	37.1	37.28	35.04	32.56	30.6	31.06
Other Operating Expenses	11.31	11.34	10.02	10.82	8.46	7.35
Operating Expenses	48.41	48.61	45.05	43.38	39.05	38.41
Operating Income	27.39	29.79	59.4	62.91	41.38	35.74
Pretax Income	27.39	29.79	59.4	62.91	41.38	35.74
Income Tax	5.28	5.65	13	13.3	8.67	7.05
Net Income	22.1	24.14	46.4	49.61	32.71	28.69
Net Income Growth	-46.17%	-47.98%	-6.47%	51.65%	14.02%	0.64%
Shares Outstanding (Basic)	17	17	17	17	16	16
Shares Change	0.51%	0.51%	0.52%	0.52%	0.55%	0.52%
EPS (Basic)	1.32	1.44	2.79	3.00	1.99	1.75
EPS (Diluted)	1.32	1.44	2.76	2.95	1.98	1.74
EPS Growth	-45.90%	-47.83%	-6.44%	48.99%	13.79%	0%
Free Cash Flow	-10.68	-11.14	38.13	49.14	39.97	36.52
Free Cash Flow Per Share	-0.64	-0.67	2.29	2.97	2.43	2.23
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%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	36.13%	37.99%	56.87%	59.19%	51.45%	48.20%
Profit Margin	29.16%	30.79%	44.42%	46.67%	40.67%	38.69%
Free Cash Flow Margin	-14.08%	-14.21%	36.50%	46.23%	49.69%	49.26%
Effective Tax Rate	19.29%	18.97%	21.88%	21.14%	20.95%	19.73%
EBITDA	29.36	31.64	60.9	64.41	42.88	37.17
EBITDA Margin	38.74%	40.36%	58.30%	60.60%	53.31%	50.13%
Depreciation & Amortization	1.98	1.86	1.5	1.5	1.5	1.43
EBIT	27.39	29.79	59.4	62.91	41.38	35.74
EBIT Margin	36.13%	37.99%	56.87%	59.19%	51.45%	48.20%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).