West Bancorporation, Inc. (WTBA)

West Bancorporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	167.01	166.22	142.92	107.1	95.59	90.67
Interest Income on Investments	24.62	23.84	17.38	16.25	11.7	9.57
Total Interest Income	191.63	190.07	160.31	123.35	107.28	100.23
Interest Paid on Deposits	97.15	97.28	66.8	22.63	7.95	11.26
Interest Paid on Borrowings	19.02	21.42	24.48	8.98	4.27	6.14
Total Interest Expense	116.17	118.7	91.27	31.61	12.22	17.4
Net Interest Income	75.47	71.36	69.03	91.74	95.06	82.83
Net Interest Income Growth (YoY)	12.49%	3.38%	-24.75%	-3.49%	14.76%	24.69%
Trust Income	3.45	3.45	3.07	2.71	2.67	2.08
Gain (Loss) on Sale of Assets	-0.05	-0.05	-0.03	-0.03	-	-
Gain (Loss) on Sale of Investments	-1.17	-1.17	-0.43	-	0.05	0.08
Other Non-Interest Income	4.29	4.36	4.91	5.33	4.66	5.09
Total Non-Interest Income	8.38	8.43	9.38	10.21	9.73	9.6
Non-Interest Income Growth (YoY)	-10.95%	-10.04%	-8.16%	4.92%	1.32%	15.44%
Revenues Before Loan Losses	83.85	79.8	78.41	101.95	104.79	92.44
Provision for Loan Losses	1	1	0.7	-2.5	-1.5	12
Revenue	82.85	78.8	77.71	104.45	106.29	80.44
Revenue Growth (YoY)	9.30%	1.40%	-25.60%	-1.73%	32.14%	8.48%
Salaries and Employee Benefits	25.58	25.08	23.95	22.48	20.65	19.28
Occupancy Expenses	0.52	-	-	-	-	-
Federal Deposit Insurance	2.63	2.56	1.75	1	1.82	1.21
Selling, General & Administrative	18.52	18.49	17.09	14.69	13.69	11.32
Other Non-Interest Expense	5.3	5.23	5.82	6.88	7.22	7.25
Total Non-Interest Expense	52.55	51.35	48.61	45.05	43.38	39.05
EBT Excluding Unusual Items	30.3	27.44	29.1	59.4	62.91	41.38
Pretax Income	30.3	27.44	29.79	59.4	62.91	41.38
Income Tax Expense	4.21	3.39	5.65	13	13.3	8.67
Net Income	26.08	24.05	24.14	46.4	49.61	32.71
Net Income to Common	26.08	24.05	24.14	46.4	49.61	32.71
Net Income Growth	18.01%	-0.36%	-47.98%	-6.47%	51.65%	14.02%
Basic Shares Outstanding	17	17	17	17	17	16
Diluted Shares Outstanding	17	17	17	17	17	17
Shares Change (YoY)	1.31%	0.87%	-0.29%	0.05%	1.66%	0.21%
EPS (Basic)	1.55	1.43	1.44	2.79	3.00	1.99
EPS (Diluted)	1.53	1.42	1.44	2.76	2.95	1.98
EPS Growth	15.99%	-1.39%	-47.83%	-6.44%	48.99%	13.79%
Dividend Per Share	1.000	1.000	1.000	1.000	0.940	0.840
Dividend Growth	-	-	-	6.38%	11.91%	1.21%
Effective Tax Rate	13.91%	12.36%	18.96%	21.88%	21.14%	20.95%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q