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 Metrics

West Bancorp Financial Metrics

Revenue (2016)

$65 m

Revenue growth (2015-16), %

8%

Gross profit

$57.1 m

Gross profit margin (2016), %

88%

Net income (2016)

$23 m

Market capitalization (28-Apr-2017)

$376 m

Closing share price (28-Apr-2017)

$23.6

Cash (31-Dec-2016)

$76.8 m
West Bancorp's current market capitalization is $376 m.
West Bancorp's revenue was reported to be $65 m in FY, 2016 which is a 8% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$52.7 m$55.3 m$60.1 m$65 m

Revenue growth, %

5%9%8%

Cost of goods sold

$6 m$7.9 m

Gross profit

$54.2 m$57.1 m

Gross profit Margin, %

90%88%

Operating expense total

$30.1 m$31.1 m

EBIT

$53.3 m$56.1 m

EBIT margin, %

89%86%

Pre tax profit

$31.4 m$33 m

Income tax expense

$9.7 m$9.9 m

Net Income

$16.9 m$20 m$21.7 m$23 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$42.4 m$39.8 m$72.7 m$76.8 m

Accounts Receivable

$4 m$4.4 m$4.7 m$5.3 m

Inventories

PP&E

$7.5 m$10 m$11.6 m$23.3 m

Total Assets

$1.4 b$1.6 b$1.7 b$1.9 b

Accounts Payable

Total Debt

$27.4 m

Additional Paid-in Capital

$18.4 m$19 m$20.1 m$21.5 m

Retained Earnings

$105.8 m$118 m$129.7 m$142 m

Total Equity

$123.6 m$140.2 m$152.4 m$165.4 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$16.9 m$20 m$21.7 m$23 m

Depreciation and Amortization

$786 k$853 k$921 k$1 m

Accounts Receivable

Inventories

Accounts Payable

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

Cash From Operating Activities

$23.4 m$26.3 m$31 m$30.2 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)

Dividends Paid

Cash From Financing Activities

($17.3 m)$147.8 m$108.2 m$79.4 m

Interest Paid

$7.1 m$6.2 m$6.1 m$7.9 m

Income Taxes Paid

$6.8 m$7 m$6.7 m$7.9 m

West Bancorp Market Value History

West Bancorp News

West Bancorp Company Life

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