West Bancorp

It operates through banking segment. The Company operates in approximately three markets, which include central Iowa; eastern Iowa, which is the area including and surrounding Iowa City and Coralville, Iowa, and the Rochester, Minnesota, area. West Bank has approximately 10 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 range of deposit services, including checking, savings, money market accounts and time certificates of deposit. In addition, West Bank also offers Internet, mobile banking and treasury management services.

Type
Public
HQ
West Des Moines, US
Founded
1893
Size (employees)
165 (est)-5%
West Bancorp was founded in 1893 and is headquartered in West Des Moines, US

West Bancorp Office Locations

West Bancorp has offices in West Des Moines, Rochester and Coralville
Coralville, US
401 10th Ave
Rochester, US
100 3147 Superior Dr Nw

West Bancorp Data and Metrics

West Bancorp Financial Metrics

West Bancorp's revenue was reported to be $65 m in FY, 2016 which is a 8% increase from the previous period.
USD

Revenue (FY, 2016)

65 m

Revenue growth (FY, 2015 - FY, 2016), %

8%

Gross profit (FY, 2016)

57.1 m

Gross profit margin (FY, 2016), %

88%

Net income (FY, 2016)

23 m

EBIT (FY, 2016)

56.1 m

Market capitalization (21-Jul-2017)

385 m

Cash (31-Dec-2016)

76.8 m
West Bancorp's current market capitalization is $385 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

52.7 m55.3 m60.1 m65 m

Revenue growth, %

5%9%8%

Cost of goods sold

6 m7.9 m

Gross profit

54.2 m57.1 m

Gross profit Margin, %

90%88%

Sales and marketing expense

16.7 m

R&D expense

2.5 m

Operating expense total

30.1 m31.1 m

EBIT

53.3 m56.1 m

EBIT margin, %

89%86%

Pre tax profit

31.4 m33 m

Income tax expense

9.7 m9.9 m

Net Income

16.9 m20 m21.7 m23 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

42.4 m39.8 m72.7 m76.8 m

Accounts Receivable

4 m4.4 m4.7 m5.3 m

Inventories

1.4 b

PP&E

7.5 m10 m11.6 m23.3 m

Total Assets

1.4 b1.6 b1.7 b1.9 b

Accounts Payable

1.5 b

Total Debt

27.4 m

Total Liabilities

1.7 b

Additional Paid-in Capital

18.4 m19 m20.1 m21.5 m

Retained Earnings

105.8 m118 m129.7 m142 m

Total Equity

123.6 m140.2 m152.4 m165.4 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0 x

Financial Leverage

11.7 x11.5 x11.5 x11.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16.9 m20 m21.7 m23 m

Depreciation and Amortization

786 k853 k921 k1 m

Accounts Payable

(1.7 m)(476 k)(196 k)1 m

Cash From Operating Activities

23.4 m26.3 m31 m30.2 m

Purchases of PP&E

(143.4 m)(67.8 m)(116.8 m)(3.5 m)

Cash From Investing Activities

(135.1 m)(176.7 m)(106.4 m)(105.4 m)

Long-term Borrowings

(830 k)(3.3 m)(4.3 m)(3.3 m)

Cash From Financing Activities

(17.3 m)147.8 m108.2 m79.4 m

Interest Paid

7.1 m6.2 m6.1 m7.9 m

Income Taxes Paid

6.8 m7 m6.7 m7.9 m
USDY, 2016

Revenue/Employee

373.5 k

Financial Leverage

11.2 x

West Bancorp Market Value History

West Bancorp News and Updates

West Bancorp Company Life and Culture

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