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what it is
West Bancorporation takes local deposits, makes local loans, and collects the spread between the two.
how it gets paid
Last year West Bancorporation made $192M in revenue. commercial real estate loans was the main engine at $75M, or 39% of sales.
why it's growing
Revenue grew 1.1% last year. EDGAR-backed figures show Revenue rose 192% vs. prior year and EPS jumped 169% vs. prior year.
what just happened
Revenue hit $143M and EPS reached $1.48, far above the prior-year quarter.
At a glance
B balance sheet — gets the job done, barely
60/100 earnings predictability — reasonably predictable
13.7x trailing p/e — the market's not buying it — or you found a deal
4.3% dividend yield — cash in your pocket every quarter
$1.91 fy2025 eps est
xvary composite: 61/100 — average
What they do
West Bancorporation takes local deposits, makes local loans, and collects the spread between the two.
This is a community bank, which means relationships are the product. If your business loan, checking account, treasury tools, and trust account all sit in one place, moving gets annoying fast. That stickiness helps support a 4.3% dividend yield and a risk score of 2 from the source data.
How they make money
$192M
annual revenue · their business grew +1.1% last year
commercial real estate loans
$75M
commercial and industrial loans
$48M
residential and consumer loans
$31M
deposit and treasury services
$22M
trust and card-related fees
$16M
The products that matter
takes deposits and makes loans
Commercial and consumer banking
$173M net interest income · ~90% of revenue
This is the core business. Loan yields reached 5.66% in Q3 2025, but core deposits fell by $82M in the same quarter.
funding base first
fiduciary and advisory fees
Trust and wealth management
$19M non-interest income · ~10% of revenue
This is the steadier fee stream. It helps, but a $19M segment does not offset pressure in a $173M spread business.
small stabilizer
Key numbers
13.7x
trailing p/e
P/E → price-to-earnings ratio → what you pay for each $1 of profit. At 13.7x, you are not paying a growth-stock price for a bank earning $1.42 a share.
4.3%
dividend yield
Dividend yield → annual cash payout as a share of the stock price → so what. You get paid while you wait, but only if earnings recover from $1.42 toward $1.91.
$388M
long-term debt
Long-term debt → borrowed money that stays on the books for years → so what. It equals about 99% of the company's $391 million market cap, which is a lot for a small bank.
+34.5%
eps rebound
EPS rebound → projected profit per share recovery → so what. The $1.91 fiscal 2025 estimate sits 34.5% above 2024 EPS of $1.42, so the thesis needs earnings improvement, not just hope.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 65 / 100
- long-term debt $388M (50% of capital)
B — risk rank looks solid but long-term debt needs watching.
Total return vs. market
Return history isn't available for WTBA right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $143M and EPS reached $1.48, far above the prior-year quarter.
EDGAR-backed figures show quarterly revenue rose 192% vs. prior year and EPS jumped 169% vs. prior year. That is the kind of snapback a 13.7x earnings multiple usually wants to see continue.
$143M
revenue
$1.48
eps
+192%
revenue growth
the number that mattered
$1.48 in quarterly EPS matters most because it already covers the annual dividend run rate far better than 2024's full-year EPS of $1.42 did.
source: company earnings report, 2026
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What could go wrong
the top risk is core deposit outflows.
high
core deposit outflows
Core deposits fell by $82M in Q3 2025. For a community bank, that is the raw material leaving the factory.
If that pressure continues, it directly hits the $173M net interest income stream that makes up about 90% of revenue.
med
margin recovery that never quite arrives
Management is pointing to margin improvement, but Q4 2025 EPS of $0.43 missed the $0.57 forecast by 24.6%.
If earnings keep missing while the stock trades at 13.7x trailing earnings, the valuation stops looking cheap and starts looking deserved.
low
dividend support doing too much work
A 4.3% dividend yield is attractive, but it can become the entire thesis when revenue grows just 1.1%.
If the underlying business stays sluggish, the stock can turn into a yield placeholder instead of a compounding story.
The pressure point is simple: a bank with $192M of revenue and $173M of net interest income cannot shrug off deposit weakness for long.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
core deposits next quarter
After the $82M Q3 2025 decline, stabilization is the first thing this story needs. If deposits fall again, the margin narrative gets harder to believe.
trend
loan yield versus funding pressure
A 5.66% loan yield looks better on paper than on its own. You want to see higher asset yields without more deposit leakage.
calendar
annual meeting on april 23, 2026
Eight directors are up for election. For a bank in a prove-it phase, governance details matter more than usual.
risk
another big earnings miss
The recent 24.6% EPS miss bought management less patience. One bad quarter is noise. Two starts to look like the new trend.
Analyst rankings
earnings predictability
60 / 100
in human-speak, quarterly numbers are steady enough to model but not steady enough to trust blindly.
risk rank
2
That places the stock among the safer 20% of names in this dataset. Safer does not mean immune to deposit mistakes.
price stability
65 / 100
The stock is less jumpy than many small caps. The business still has to earn that calm.
source: institutional data
Institutional activity
institutional ownership data for WTBA is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$26
current price
n/a
target midpoint · n/a from current
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