West Bancorporation Inc (NASDAQ: WTBA) |
|
Price: $19.0300
$0.33
1.765%
|
Day's High:
| $19.14
| Week Perf:
| 0.9 %
|
Day's Low: |
$ 18.39 |
30 Day Perf: |
-4.95 % |
Volume (M): |
49 |
52 Wk High: |
$ 24.85 |
Volume (M$): |
$ 929 |
52 Wk Avg: |
$20.01 |
Open: |
$18.50 |
52 Wk Low: |
$16.18 |
|
|
Market Capitalization (Millions $) |
322 |
Shares
Outstanding (Millions) |
17 |
Employees |
202 |
Revenues (TTM) (Millions $) |
79 |
Net Income (TTM) (Millions $) |
24 |
Cash Flow (TTM) (Millions $) |
178 |
Capital Exp. (TTM) (Millions $) |
26 |
West Bancorporation Inc
West Bank provides full-service community banking and trust services to customers
located primarily in the Des Moines and Iowa City, Iowa, and the Rochester, Minnesota,
metropolitan areas. West Bank has eight offices in the Des Moines area, one office
in Iowa City, one office in Coralville and one office in Rochester, Minnesota.
West Bank offers all basic types of credit to its customers, including commercial,
real estate and consumer loans. West Bank offers trust services, including the
administration of estates, conservatorships, personal trusts and agency accounts.
West Bank offers a full range of deposit services, including checking, savings,
money market accounts and time certificates of deposit. West Bank also offers
internet, mobile banking and treasury management services, which help to meet
the banking needs of its customers and communities. Treasury management services
offered to business customers include cash management, client-generated automated
clearing house transactions, remote deposit and fraud protection services. Also
offered are merchant credit card processing and corporate credit cards.
West Banks business strategy emphasizes strong business and personal relationships
between West Bank and its customers and the delivery of products and services
that meet the individualized needs of those customers. West Bank also emphasizes
strong cost controls, while striving to achieve an above average return on equity
and return on assets. To accomplish these goals, West Bank focuses on small-
to medium-sized businesses in the local markets that traditionally wish to develop
an exclusive relationship with a single bank. West Bank has the size to provide
the personal attention required by local business owners and the financial expertise
and entrepreneurial attitude to help businesses meet their financial service
needs.
Some of West Banks competitors are locally controlled, while others are regional,
national or international companies. The larger national or regional banks have
certain competitive advantages due to their ability to undertake substantial
advertising campaigns and allocate their investment assets to out-of-market
geographic regions with potentially higher returns. Such banks also offer certain
services, for example, international and conduit financing transactions, which
are not offered directly by West Bank. These larger banking organizations also
have much higher legal lending limits than West Bank, and therefore, may be
better able to service large regional, national and global commercial customers.
In order to compete to the fullest extent possible with the other financial
institutions in its primary market areas, West Bank uses the flexibility and
knowledge of its local management, Board of Directors and community advisors.
West Bank seeks to capitalize on customers desire to do business with a local
institution. This includes emphasizing specialized services, local promotional
activities, and personal contacts by West Banks officers, directors and employees.
In particular, West Bank competes for loans primarily by offering competitive
interest rates, experienced lending personnel with local decision-making authority,
flexible loan arrangements, quality products and services, and proactive relationship
management. West Bank competes for deposits principally by offering depositors
a variety of deposit programs, convenient office locations and hours and other
personalized services.
West Bank also competes with the general financial markets for funds. Yields
on corporate and government debt securities and commercial paper affect West
Banks ability to attract and hold deposits. West Bank also competes for funds
with money market accounts and similar investment vehicles offered by brokerage
firms, mutual fund companies, internet banks and others. The competition for
these funds is based almost exclusively on yields to customers.
Company Address: 3330 Westown Parkway West Des Moines 50266 IA
Company Phone Number: 222-2300 Stock Exchange / Ticker: NASDAQ WTBA
|
|
Customers Net Income grew by |
WTBA's Customers Net Profit Margin grew to |
23 % |
6.66 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
West Bancorporation Inc
West Bancorporation Inc, the parent company of West Bank, recently released its financial results for the April to June 30, 2024 period, and the numbers were disappointing. The company reported a decline in earnings per share (EPS) by -11.43% to $0.31 from $0.35. Additionally, revenue decreased by -0.781% to $19.58 million compared to the same period last year. This decline comes after a slight increase in revenue by 2.767% from the prior reporting period. In terms of profits, there was a significant fall from $0.35 per share in the corresponding period a year before, with earnings of $5.192 million in the April to June 30, 2024 interval. This represents a decline of -11.43% from $5.862 million in the previous year.
|
West Bancorporation Inc
Financial news report: West Bancorporation Inc Reports Decline in Q1 2024 Earnings West Bancorporation Inc, the parent company of West Bank, recently announced its financial results for the first quarter of 2024. The company reported a decline in both its top and bottom lines, with a year-on-year drop of -12.022% in revenue and -25.53% in income per share. In the fiscal span ending March 31, 2024, West Bancorporation Inc recorded a revenue of $19.05 million, compared to $21.65 million in the previous year. Earnings per share (EPS) stood at $0.35, down from $0.47 in the same period in 2023.
|
West Bancorporation Inc
West Bancorporation Inc (Nasdaq: WTBA) has had a tumultuous fiscal period from October to December 31, 2023, with a significant decline in earnings per share, income, and revenue. The company reported a staggering 49.4% drop in earnings per share, falling from $0.53 to $0.27 compared to the same period a year ago. Income also took a hit, plummeting by 23.02% from $0.35 per share in the previous financial reporting period. Revenue saw a substantial decrease of 22.565% to $17.76 million from $22.93 million in the comparable financial reporting period a year ago, with a sequential decline of 7.774% from $19.26 million. In addition to the decline in revenue and earnings, West Bancorporation Inc's bottom line took a major hit, with net income falling by a significant 49.42% to $4.525 million in the October to December 31, 2023 fiscal period from $8.946 million in the corresponding period a year before. The company's profitability metrics also suffered, as operating margin decreased to 31.52% and net margin shrank to 25.48%. Operating earnings fell by 50.32% to $5.598 million, leading to a contraction in operating margin from 49.14% in the fourth quarter of 2022 to 31.52%.
|
West Bancorporation Inc
During the past week, West Bancorporation Inc shares experienced a significant decrease of %, which has further contributed to its year-to-date performance being at a troubling -38.98%. The company's shares currently trade at a value that is 3.5% higher than its 52-week low. Looking closer at West Bancorporation Inc's financial performance, it becomes apparent that their income per share took a drastic hit during the fiscal span ending on September 30, 2023. It plummeted by -49.28% from $0.69 per share in the previous year to $0.35 per share. There was no change from the prior quarter, where income per share remained steady at $0.35. The company's revenue also suffered a significant decline. In the comparable quarter from the previous year, revenue dropped by -26.728% to $19.26 million from $26.28 million. Sequentially, revenue decreased by -2.402% from $19.73 million. Consequently, the earnings for the fiscal span closing on September 30, 2023, took a hit as well. They fell by -49.09% to $5.906 million from $11.602 million in the corresponding period the year prior.
|
West Bancorporation Inc
West Bancorporation Inc, a regional bank, has experienced a solid gain in its stock value over the past 5 trading days, with a notable increase of 5.04%. This positive trend is further emphasized when examining the stock's performance over the past year, where it has recorded a gain of 23.9%. Additionally, the current stock price is 30.2% higher than its 52-week low. However, when analyzing the second quarter of 2023, it becomes evident that West Bancorporation Inc faced some challenges. Its earnings per share plummeted by -53.33% to $0.35 per share, compared to $0.75 per share in the previous year. Furthermore, the income also declined by -25.53% from $0.47 per share in the previous reporting season.
|
Per Share |
Current |
Earnings (TTM) |
1.41 $ |
Revenues (TTM) |
4.65 $
|
Cash Flow (TTM) |
10.52 $ |
Cash |
46.53 $
|
Book Value |
13.45 $
|
Dividend (TTM) |
1 $ |
|
Per Share |
|
Earnings (TTM) |
1.41 $
|
Revenues (TTM) |
4.65 $ |
Cash Flow (TTM) |
10.52 $ |
Cash |
46.53 $
|
Book Value |
13.45 $ |
Dividend (TTM) |
1 $ |
|
|
|
|