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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›WTBA

WTBA

WEST BANCORPORATION INC

Next earnings Jul 23, 2026 · consensus $0.64 EPS, $28.7M rev

Last earnings +3.5% on 2026-04-23

Sell
$26.97
▲ +4.17%
$26.97▲ +46.22%
over 1Y
L $17.16EODHDH $26.97
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.2%
1W+7.4%
1M+12.8%
3M+16.4%
YTD+26.4%
1Y+46.2%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
A
Valuation
Undervalued
Filings
Watch
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Sell

Mixed signals in the latest filings.

Return on equity 12.2% · latest

The read

It screens cheap (~171% below fair value), but the weak fundamentals are why — more potential value trap than bargain.

WEST BANCORPORATION INC shows limited reported revenue, and 12.2% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—————
Gross profit—————
Operating income—————
Net income$49.6M$46.4M$24.1M$24.1M$32.6M
Diluted EPS$2.95$2.76$1.44$1.42$1.92
Net margin—————

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF10.6
PEG (trailing)0.40
Earnings yield7.1%
FCF yield9.4%

Quality & risk

ROIC (est.)—
Free cash flow$43.2M
Total debt$51.5M
Net cash$420M
Piotroski F-Score4/6

Capital returns

Buyback yield0.0%
Dividend yield (est.)3.7%
Shareholder yield3.7%
Shares Δ YoY+0.6%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Shareholder vote2026-04-24
  2. 8-K Earnings results2026-04-23
  3. 10-Q Quarterly report2026-04-23
  4. DEF 14A Proxy statement2026-03-03
  5. S-3 Shelf registration (potential raise)2026-02-27
  6. 10-K Annual report2026-02-26
  7. 8-K Earnings results2026-01-29
  8. 8-K Earnings results2025-10-23
  9. 10-Q Quarterly report2025-10-23

Recent filings

all on EDGAR ↗
11-KPeriod ending 2025-12-312026-06-25open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗4Period ending 2026-04-232026-04-24open ↗8-KPeriod ending 2026-04-232026-04-24open ↗13F-HRPeriod ending 2026-03-312026-04-23open ↗8-KPeriod ending 2026-04-232026-04-23open ↗10-QPeriod ending 2026-03-312026-04-23open ↗

Quality score

A
ValueGrowthProfitHealthMom.
ValueA
GrowthA+
ProfitabilityB+
Financial healthA-
Momentum—
  • ✓Profitable (positive net income)
  • ✗Return on equity above 15%
  • ✓P/E below 25

Fair value est.

$72.96

Undervalued +171% vs price

cheapfair valueexpensive

Modified Graham: EPS $1.92 × (8.5 + 1.5 × 22.0% growth) × 1.00 quality = 38.0× multiple. An estimate, not a price target.

Revenue
—
Net margin
—
ROE
12.2%
P/E
14.0

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Net income$32.6M+35.4%
Diluted EPS$1.92+35.2%
Cash & equivalents$471M+93.5%
Total assets$4.14B+3.2%
Total liabilities$3.88B+2.4%
Stockholders' equity$266M+16.7%
L/E: 14.57x

Frequently asked

Is WEST BANCORPORATION INC (WTBA) a buy?
WTBA currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.
What is WTBA's fair value?
A Modified-Graham model based on WTBA's SEC fundamentals estimates a fair value of about $72.96. It is an estimate from reported earnings, not a price target.
Is WTBA overvalued or undervalued?
Against a Modified-Graham fair-value estimate, WTBA currently appears undervalued relative to its SEC-grounded earnings power.
What is WEST BANCORPORATION INC's quality score?
WTBA scores 84/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001166928, latest 10-Q filed 2026-04-23) · EODHD · as of 6/26/2026, 8:16:38 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-04-23
GULLING DOUGLAS R
Director
Award1.43K
2026-04-23
Vaughan Therese M
Director
Award1.43K
2026-04-23
Sorensen John Kevin
Director
Award1.43K
2026-04-23
Parson Rosemary
Director
Award1.43K
2026-04-23
McMurray Sean Patrick
Director
Award1.43K
2026-04-23
GAER STEVEN K
Director
Award1.43K
2026-04-23
Elming Lisa J
Director
Award1.43K
2026-03-25
NELSON DAVID D
CEO & PRESIDENT
Tax6.81K @ $23.71$161K

Dividends

Quarterly
Yield (TTM)
3.7%
Annual / share
$1.00
Last ex-date
2026-05-06
Last amount
$0.25
ex 2026-05-06paid 2026-05-20$0.25
ex 2026-02-11paid 2026-02-25$0.25
ex 2025-11-05paid 2025-11-19$0.25
ex 2025-08-06paid 2025-08-20$0.25
ex 2025-05-07paid 2025-05-21$0.25
ex 2025-02-05paid 2025-02-19$0.25

Source: EODHD. Yield = trailing-12-month dividends ÷ price.

Earnings history

beat/miss · move
2026-04-23Beat +3.5% est▲ +3.51%8-K ↗
2026-01-29Miss -25.8% est▲ +4.21%8-K ↗
2025-10-23Beat +16.0% est▲ +3.43%8-K ↗
2025-07-24Beat +2.2% est▼ -2.74%8-K ↗
2025-04-24—▼ -4.88%8-K ↗
2025-01-23—▼ -0.24%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference CallBullish
globenewswire.com· 2026-06-19
Undiscovered Gems In The US Market With Strong PotentialBullish
finance.yahoo.com· 2026-06-04
West Bancorporation, Inc. Q1 2026 Earnings Call SummaryBullish
finance.yahoo.com· 2026-04-24
West Bancorp (WTBA) Q1 2026 Earnings TranscriptBullish
nasdaq.com· 2026-04-24
West Bancorporation Q1 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-04-23
West Bancorporation Inc. Profit Climbs In Q1Bullish
nasdaq.com· 2026-04-23

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score84 vs 67
Revenue growth— vs 7.1%
Net margin— vs 10.5%
Return on equity12.2% vs 12.3%
P/E14.0 vs 25.5

News sentiment

EODHD · 2d
Bullish
+0.06
vs typical · 2 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.