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← CockpitCompetitor Analysis › WTBA West Bancorporation, Inc.Open in the cockpit ↗

West Bancorporation, Inc.WTBACompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks
Momentum leader 82
Mkt cap
$520M
US dollars, full cap
Free float
88%
of shares outstanding
$/day
$2.03M
20-day average traded
P/B
1.92×
price to book
ROE
15.4%
delivered
Implied ROE
13.1%
what the price asks
Next earnings
83 days
28 Jan 2027
Close · USD$30.53
1D-0.6%
1W+2.1%
1M+6.1%
3M+7.5%
6M+26.7%
YTD+37.6%
1Y+40.0%
ATR %2.6%
Beta0.36
52w lowhigh4.1% off high

What West Bancorporation does

No business profile yet.

West Bancorporation at a glance

Size West Bancorporation (WTBA) is a United States Financials company (Regional Banks) with a market value of $520M, the 2663rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $30.53 on 6 Nov 2026.

Performance Over six months the shares gained 26.7%, against +9.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue grew 0.2% over the last twelve months (peer median +5.3%); the operating margin is 48.9% (peer median 40.4%).

Valuation It trades at 1.92× book value against a peer median of 1.38× (2nd most expensive of 21).

Price implies The share price implies a return on equity of about 13.1%; West Bancorporation delivers 15.5%, so the price asks less than the business earns today.

Short interest Short interest is 2.2% of the free float (15 Oct 2026).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026WTBA 130Peer median 113
Six months, rebased to 100: West Bancorporation against the median of its 20 peers (local-currency closes).

West Bancorporation financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$201M$198M$198M$170M$134M
Revenue growth—0%+17%+28%—
Net income$40.7M$32.6M$24.1M$24.1M$46.4M
Free cash flow$53.4M$43.2M$13.7M-$11.1M$38.1M
Capital expenditure$1.35M$3.33M$26.1M$36.4M$21.3M
Total debt$313M$381M$397M$596M$491M

Quarterly statements and history in the cockpit →

West Bancorporation competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%NRIMMORROW8550OBTBSRRCZNCFMAONPBCOFSCBANFRBADABSFSTHBCPUNTYWTBA6-month return →1-month return →
Up and to the right = strong over both horizons. West Bancorporation is the large dot.

Fundamentals: return on equity against price-to-book

7.5%10%12.5%15%17.5%10×1.50×20×NRIMMORROW8550OBTBSRRCZNCFMAONPBCOFSCBANFRBABSVNBWFGDABPBAMSFSTHBCPDJURUNTYWTBAReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. West Bancorporation is the large dot.

Capital: ROE delivered against the ROE the price implies

10%15%10%15%NRIMMORROW8550OBTBSRRCZNCFMAONPBCOFSCBANFRBABSVNBWFGDABPBAMSFSTDJURBWBUNTYWTBAROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. West Bancorporation is the large dot.

West Bancorporation competitors and peer comparison

How West Bancorporation compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

West Bancorporation against its 20 peers (data as of 6 Nov 2026)
MeasureWTBAPeer medianRank in peer set
1-month return+6.1%+3.9%7th highest of 21
6-month return+26.7%+9.5%8th highest of 20
Return on equity15.4%11.7%6th highest of 21
Price / book1.92×1.38×2nd most expensive of 21
Trailing P/E12.9×10.9×5th most expensive of 21
ROE the price implies13.1%8.7%2nd most demanding of 21
ROE delivered15.5%11.7%6th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
West Bancorporation WTBAUnited States$520M+27%0%15%1.92×13.1%15.5%
Northrim BanCorp NRIMUnited States$523M-5%+3%17%1.47×12.6%16.6%
Morrow Bank MORROW.STSweden$518M+30%+4%11%1.57×5.7%11.4%
Tochigi Bank 8550.TJapan$527M-17%+26%5%0.50×5.9%5.4%
Orange County Bancorp OBTUnited States$530M+14%+3%17%1.71×9.6%17.2%
Sierra Bancorp BSRRUnited States$537M+9%-1%14%1.48×11.4%14.0%
Citizens & Northern CZNCUnited States$501M+29%+25%11%1.46×8.5%11.0%
Farmers & Merchants Bancorp FMAOUnited States$500M+31%+7%11%1.29×10.3%11.3%
Northpointe Bancshares NPBUnited States$545M-11%+14%13%0.87×5.9%13.1%
ChoiceOne Financial Services COFSUnited States$547M+17%+19%12%1.17×8.8%11.9%
Colony Bankcorp CBANUnited States$555M+2%+21%11%1.10×8.1%10.8%
First Bank FRBAUnited States$488M+30%+1%10%1.06×7.8%9.6%
Bank7 BSVNUnited States$556M+33%-1%16%2.03×14.5%16.0%
Bankwell Financial BWFGUnited States$559M+34%+10%14%1.67×10.9%14.3%
Danske Andelskassers Bank A/S DAB.CODenmark$484M-8%-7%8%1.10×4.8%7.7%
Private Bancorp of America PBAMUnited States$484Mn/a+4%17%1.66×8.6%16.8%
Southern First Bancshares SFSTUnited States$563M+5%+9%11%1.22×9.7%10.5%
Home Bancorp HBCPUnited States$480M-5%+1%10%1.06×7.7%10.2%
Djurslands Bank A/S DJUR.CODenmark$478M+27%+2%15%1.58×5.9%14.6%
Bridgewater Bancshares BWBUnited States$568M+10%+10%12%1.19×9.0%11.5%
Unity Bancorp UNTYUnited States$575M+7%+10%17%1.48×10.4%17.1%

Questions

Which companies are West Bancorporation's closest peers?
The cockpit's peer set: Northrim BanCorp (NRIM), Morrow Bank (MORROW.ST), Tochigi Bank (8550.T), Orange County Bancorp (OBT), Sierra Bancorp (BSRR), Citizens & Northern (CZNC), Farmers & Merchants Bancorp (FMAO), Northpointe Bancshares (NPB).
Is West Bancorporation expensive compared with its peers?
On price / book it trades at 1.92× against a peer median of 1.38×, 2nd most expensive of 21 in its peer set. The share price implies a return on equity of about 13.1%; West Bancorporation delivers 15.5%, so the price asks less than the business earns today.
How has West Bancorporation stock performed?
Over six months to 6 Nov 2026 the shares returned +26.7% against +9.5% for the median peer; over one year +40.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.