West Bancorporation, Inc. is a bank holding company of West Bank, which is a business-focused community bank. The Bank offers all basic types of credit to its customers, including commercial, real estate, and consumer loans. West Bank also provides trust services, including the administration of estates, conservatorships, personal trusts and agency accounts. The 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)
West Bancorp was founded in 1893 and is headquartered in West Des Moines, US
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West Bancorp Office Locations

West Bancorp has an office in West Des Moines, Rochester and Coralville
West Des Moines, US (HQ)
1601 22ND ST
Coralville, US
401 10th Ave
Rochester, US
100 3147 Superior Dr NW
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West Bancorp Financials and Metrics

West Bancorp Financials

West Bancorp's revenue was reported to be $64.99 m in FY, 2016 which is a 8.1% increase from the previous period.
USD

Revenue (Q3, 2017)

20.8 m

Gross profit (Q3, 2017)

17.3 m

Gross profit margin (Q3, 2017), %

83.1%

Net income (Q3, 2017)

6.4 m

EBIT (Q3, 2017)

15 m

Market capitalization (5-Feb-2018)

402.9 m

Cash (4-Feb-2018)

39.5 m

EV

411.4 m
West Bancorp's current market capitalization is $402.9 m.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

16.7 m17.1 m17.8 m18.1 m18.6 m19 m20.5 m20.8 m

Cost of goods sold

1.5 m1.4 m1.8 m1.9 m2 m2.4 m3.1 m3.5 m

Gross profit

15.3 m15.6 m15.9 m16.2 m16.6 m16.5 m17.4 m17.3 m

Gross profit Margin, %

91%92%90%89%89%87%85%83%
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

92 m86.1 m58.6 m34.7 m89 m82.1 m54.8 m56.7 m48.1 m50.9 m42.5 m46.8 m39.5 m

Inventories

959 m1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.3 b1.4 b1.4 b1.4 b1.4 b1.5 b

PP&E

7.4 m8.8 m9.5 m10.6 m10.8 m10.9 m11.1 m17.3 m18.7 m21 m23 m23.1 m23.2 m

Total Assets

1.5 b1.5 b1.5 b1.5 b1.6 b1.7 b1.7 b1.8 b1.8 b1.8 b1.9 b1.9 b2 b
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

12.6 m4.4 m9.1 m14.2 m5.1 m10.4 m5.4 m5.7 m11.2 m17 m6.1 m12.5 m18.9 m

Depreciation and Amortization

580 k200 k412 k623 k230 k460 k700 k241 k492 k740 k341 k673 k1 m

Accounts Payable

(791 k)1.1 m(95 k)(39 k)152 k(516 k)

Cash From Operating Activities

19.2 m6.7 m13.6 m21.4 m7.3 m16.4 m22.4 m7.1 m14.5 m22.2 m7.1 m14.6 m22 m
USDY, 2017

EV/EBIT

27.4 x

EV/CFO

18.7 x

Revenue/Employee

126.2 k

Financial Leverage

11.4 x
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West Bancorp Operating Metrics

West Bancorp's Total Loans was reported to be $1.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

35 35 35

Non-accrual Loans

$1.56 m$1.59 m$2.88 m$1.38 m$1.29 m$1.05 m$1 m$1.02 m$920 k$817 k

Non-performing Loans

$1.94 m$2.07 m$3.25 m$1.46 m$1.31 m$1.07 m$1 m$1.02 m$920 k$817 k

Total Loans

$1.18 b$1.18 b$1.22 b$1.25 b$1.27 b$1.38 b$1.38 b$1.40 b$1.45 b$1.44 b
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