West Bancorporation (WTBA)
Provides relationship-led commercial banking through West Bank in Iowa and southern Minnesota.
Something off on this page? Send us feedback.
Owns West Bank, a community bank focused on commercial loans, deposits, trust services, and card-linked fees. Its footprint is concentrated in the Des Moines area, Iowa City/Coralville, and southern Minnesota, with earnings shaped mainly by net interest income and local credit quality.
Owns West Bank, the operating bank behind a one-segment holding company. Business lines center on commercial real estate and business lending, deposit accounts, trust services, and card-related fees.
Operates in Iowa and southern Minnesota, with offices around Des Moines, Iowa City/Coralville, Rochester, Owatonna, Mankato, and St. Cloud. The franchise emphasizes local decision-making, personal contacts, flexible loan arrangements, and relationship management rather than a broad national branch network.
Earnings are driven mainly by net interest income, so loan demand, deposit funding, rate competition, and credit quality in local commercial markets shape results. The loan book is commercial-heavy, including commercial real estate and construction exposure.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $477.6M · Total debt $374.0M · Total assets $4.03B · Shareholders' equity $281.0M
- Revenue
- $51.1M
- Operating income
- $14.4M
- Net income
- $11.1M
HistoryDividendAnnual yield
| Institutions | ≈ 50.42% | 8.59M shares | |
|---|---|---|---|
| 115 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.44% | 927.1K shares | |
| 14 holders · as of Apr 24, 2026 | |||
| Other | ≈ 44.14% | 7.52M shares | |
| remainder | |||
17.04M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 8.47% | 1.44M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.89% | 1.34M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 3.81% | 648,581 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.80% | 647,004 | as of Jun 30, 2026 |
West Bancorporation IncInstitution | 2.44% | 415,411 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 24, 2025 | George D. Milligan | director | −10,000 | $21.71 |
| Nov 21, 2025 | George D. Milligan | director | −5,826 | $22.00 |
| Nov 11, 2025 | Douglas R. Gulling | director | −7,900 | $21.75 |
- Nicolet Bankshares
Upper Midwest community-bank successor to MidWestOne
- QCR
Iowa-focused public community bank with commercial overlap
- UMB Financial
Larger regional bank with new Iowa and Minnesota footprint
- U.S. Bancorp
Superregional bank competing across deposits and commercial services
- Bridgewater Bancshares
Twin Cities commercial bank focused on entrepreneurs and CRE
- Alerus Financial
Commercial wealth bank with southern Minnesota and Iowa overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| West Bancorporation | $29.16 | −0.19% | $497.8M | 13.0 | 10.9 | 2.5 | +19.3% |
| Nicolet Bankshares | $165.29 | −0.22% | $2.86B | 18.4 | 12.8 | 5.5 | +227.9% |
| QCR | $99.15 | −0.22% | $1.64B | 11.7 | 11.6 | 2.7 | +19.0% |
| UMB Financial | $133.89 | −0.24% | $10.19B | 11.2 | 10.1 | 2.2 | +22.9% |
| U.S. Bancorp | $59.06 | −0.64% | $92.59B | 11.9 | 10.9 | 2.1 | +10.6% |
| Bridgewater Bancshares | $20.72 | −0.55% | $580.8M | 11.3 | 10.5 | 2.3 | +14.5% |
| Alerus Financial | $32.02 | −0.57% | $809.1M | 29.8 | 11.9 | 2.4 | +8.3% |
| Median | 11.8 | 11.3 | 2.4 | +16.8% |