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West Bancorporation Inc   (WTBA)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $17.4200 $0.66 3.938%
Day's High: $17.42 Week Perf: -1.75 %
Day's Low: $ 16.59 30 Day Perf: -1.02 %
Volume (M): 77 52 Wk High: $ 22.39
Volume (M$): $ 1,340 52 Wk Avg: $18.11
Open: $16.59 52 Wk Low: $15.04



 Market Capitalization (Millions $) 292
 Shares Outstanding (Millions) 17
 Employees 174
 Revenues (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 39
 Capital Exp. (TTM) (Millions $) 36

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: 1601 22nd Street West Des Moines 50266 IA
   Company Phone Number: 222-2300   Stock Exchange / Ticker: NASDAQ WTBA
   


Customers Net Income fell by WTBA's Customers Net Profit Margin fell to

-4.47 %

6.14 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
NTRS        1.27% 
TCBI   -1.91%    
• View Complete Report
   



West Bancorporation Inc

West Bancorporation Inc Faces Signficant Decline in Revenue in Fourth Quarter Earnings Report

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

West Bancorporation Inc Faces Troubling Drop in Income per Share, Plummeting by nearly 50% over the Fiscal Year Closing September 30th, 2023

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 Reports Steep Decline in Q2 2023 Earnings Per Share, Contrasting Overall Regional Banks Sector Growth

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.






 

West Bancorporation Inc's Segments
 
 
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